Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Legacy Housing Corp (LEGH)

109 + Investors. Track Smart Money conviction in LEGH. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
→ 0
Streak
1Q —
Buyers last Q
49%

Smart Money Signals — LEGH

Based on 110 hedge funds · latest filing: 2026 Q1 · updated quarterly

➡️

No change last quarter

last 6Q
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
🏔️

At the ownership peak (95% of max)

95% of all-time peak
110 hedge funds hold LEGH right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding LEGH is almost the same as a year ago (-3 funds, -3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 49% buying

52 buying55 selling
Last quarter: 55 funds reduced or exited vs 52 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~18 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 16 → 13 → 14 → 18. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

51% of holders stayed for 2+ years

■ 51% conviction (2yr+) ■ 25% medium ■ 25% new
56 out of 110 hedge funds have held LEGH for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

19 → 16 → 13 → 14 → 18 new funds/Q
New funds entering each quarter: 16 → 13 → 14 → 18. A growing number of institutions are discovering LEGH each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 51% veterans vs 29% newcomers

■ 51% veterans ■ 20% 1-2yr ■ 29% new
Entry-cohort mix of 110 holders: 56 (51%) are 2+ year veterans, 22 entered 1–2 years ago, and 32 (29%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 29% AUM from major funds

29% from top-100 AUM funds
32 of 110 holders rank in the top 100 by AUM, accounting for 29% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — LEGH

In 2026 Q1, 52 hedge funds were net buyers of LEGH (18 opened a new position, 34 added to an existing one), while 55 reduced or exited (37 trimmed, 18 sold completely) — a 49% buyer ratio, indicating roughly balanced activity. 29% of total institutional value in LEGH is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: flat (entries and exits balanced). Total institutional holders: 110.

Hedge Fund Ownership: LEGH

How many hedge funds hold LEGH — quarterly history vs. share price
Quarterly hedge fund ownership of LEGH vs. share price

Market Analysis: LEGH

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: LEGH

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Legacy Housing Corp (LEGH) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much LEGH has moved relative to its sector benchmark (XLY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 79d ago
LEGH
+20.9%
XLY
+6.0%

LEGH outperformed XLY by +14.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
LEGH
+11.7%
XLY
-0.9%

Since the filing became public, LEGH outperformed XLY by +12.6% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

18 top-rated funds 1 high-conviction
Consensus
5.6
/ 10
breadth
×
Elite
1.5
/ 10
conviction
Hedge Fund Positioning: LEGH
109 + Investors

Track Smart Money conviction in LEGH. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 109 110 -0.91%
13F Shares 10M 10M -0.11%
Total Value $187M $186M 0.31%
New Positions 17 14 +3
Increased Positions 34 43 -9
Closed Positions 18 20 -2
Reduced Positions 37 34 +3
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: LEGH

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

109 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in LEGH. Verified SEC 13F-HR filings.

QUARTER:
Top 25 LEGH holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Philadelphia Financial Management of San Francisco, LLC 2.45% 415,163 $8.5M
2 Advisory Research Inc 2.32% 925,319 $18.9M
3 Villanova Investment Management Co LLC 2.16% 103,163 $2.1M
4 Bard Associates Inc 0.92% 180,310 $3.7M
5 Crown Wealth Group, LLC 0.79% 132,000 $2.7M
6 Meixler Investment Management, Ltd. 0.78% 70,840 $1.5M
7 Voss Capital, LP 0.65% 600,000 $12.3M
8 Robotti Robert 0.58% 181,367 $3.7M
9 Punch & Associates Investment Management, INC. 0.50% 427,665 $8.7M
10 Teton Advisors, LLC 0.43% 30,000 $613K
11 Redmond Asset Management, LLC 0.20% 36,420 $744K
12 Yacktman Asset Management LP 0.19% 705,675 $14.4M
13 Factorial Partners, LLC 0.18% 12,000 $245K
14 North Star Investment Management Corp. 0.12% 95,000 $1.9M
15 Premier Path Wealth Partners, LLC 0.11% 40,872 $835K
16 Royce & Associates LP 0.07% 328,300 $6.7M
17 Knott David M Jr 0.05% 4,000 $82K
18 Aviance Capital Partners, LLC 0.05% 20,173 $412K
19 Koss-Olinger Consulting, LLC 0.03% 18,291 $374K
20 J. Goldman & Co LP 0.03% 46,461 $949K
21 Bfsg, LLC 0.03% 14,015 $286K
22 Gabelli Funds LLC 0.02% 159,440 $3.3M
23 Texas Yale Capital Corp. 0.01% 16,800 $343K
24 XTX Topco Ltd 0.01% 27,194 $556K
25 Hotchkis & Wiley Capital Management LLC 0.01% 139,450 $2.8M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Legacy Housing Corp (LEGH)

What does the Smart Money Trend signal show for LEGH?

No change last quarter: The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.

What is the institutional breadth score for LEGH?

More sellers than buyers — 49% buying: Last quarter: 55 funds reduced or exited vs 52 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for LEGH holders?

Strong quality — 29% AUM from major funds: 32 of 110 holders rank in the top 100 by AUM, accounting for 29% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held LEGH?

51% of holders stayed for 2+ years: 56 out of 110 hedge funds have held LEGH for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Legacy Housing Corp (LEGH) following the 2026 Q1 hedge fund 13F filings?

As of today, LEGH has moved +11.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to -0.9% for the XLY sector ETF — an outperformance of +12.6%. Since the quarter end (March 31, 2026), LEGH has gained +20.9% vs +6.0% for XLY. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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