Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Legg Mason ETF Invt (LRGE)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
1Q ▼
Buyers last Q
49%

Smart Money Signals — LRGE

Based on 79 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their LRGE positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 93% of 3.0Y peak

93% of all-time peak
79 funds currently hold this stock — 93% of the 3.0-year high of 85 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 4% fewer funds vs a year ago

fund count last 6Q
3 fewer hedge funds hold LRGE compared to a year ago (-4% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 49% buying

33 buying35 selling
Last quarter: 35 funds reduced or exited vs 33 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 — ~6 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 5 → 5 → 9 → 6. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

49% of holders stayed for 2+ years

■ 49% conviction (2yr+) ■ 39% medium ■ 11% new
39 out of 79 hedge funds have held LRGE 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.
➡️

Steady discovery — ~6 new funds/quarter

5 → 5 → 5 → 9 → 6 new funds/Q
New funds entering each quarter: 5 → 5 → 9 → 6. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 51% veterans vs 14% newcomers

■ 51% veterans ■ 35% 1-2yr ■ 14% new
Entry-cohort mix of 79 holders: 40 (51%) are 2+ year veterans, 28 entered 1–2 years ago, and 11 (14%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 46% AUM from top-100 funds

46% from top-100 AUM funds
12 of 79 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in LRGE. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — 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 — LRGE

In 2026 Q1, 33 hedge funds were net buyers of LRGE (6 opened a new position, 27 added to an existing one), while 35 reduced or exited (27 trimmed, 8 sold completely) — a 49% buyer ratio, indicating roughly balanced activity. 46% of total institutional value in LRGE is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 79.

Hedge Fund Ownership: LRGE

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

Market Analysis: LRGE

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: LRGE

-- --

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

Is It Too Late to Buy Legg Mason ETF Invt (LRGE) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much LRGE has moved relative to its sector benchmark (SPY) 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 · 78d ago
LRGE
+13.5%
SPY
+15.9%

LRGE outperformed SPY by -2.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
LRGE
-0.7%
SPY
+2.0%

Since the filing became public, LRGE outperformed SPY by -2.7% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

5 top-rated funds 0 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
0.7
/ 10
conviction
Hedge Fund Positioning: LRGE
79 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 79 81 -2.47%
13F Shares 4M 4M 0.91%
Total Value $266M $294M -9.39%
New Positions 6 9 -3
Increased Positions 27 26 +1
Closed Positions 8 7 +1
Reduced Positions 27 28 -1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: LRGE

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Institutional Holders (2026 Q1)

79 + investors

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

QUARTER:
Top 25 LRGE holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Opal Wealth Advisors, LLC 11.27% 662,875 $49.8M
2 Barnes Pettey Financial Advisors, LLC 0.96% 29,253 $2.2M
3 AA Financial Advisors, LLC 0.54% 51,447 $3.9M
4 Cascades Capital Asset Management, LLC 0.45% 14,387 $1.1M
5 Roan Capital Partners 0.35% 4,966 $373K
6 Fortitude Family Office, LLC 0.23% 13,600 $1.0M
7 Corundum Group, Inc. 0.16% 6,389 $480K
8 American Financial & Tax Strategies Inc 0.12% 3,245 $244K
9 Milestone Investment Advisors LLC 0.11% 5,907 $444K
10 May Hill Capital, LLC 0.11% 5,653 $425K
11 Family Manage LLC 0.10% 11,453 $861K
12 Gladstone Institutional Advisory LLC 0.10% 36,751 $2.8M
13 PFG Advisors 0.09% 23,267 $1.7M
14 Townsend Asset Management Corp /Nc/ /Adv 0.08% 3,083 $232K
15 Golden State Wealth Management, LLC 0.06% 7,518 $565K
16 Rossby Financial, LCC 0.06% 3,949 $299K
17 Missouri Trust & Investment Co 0.03% 1,464 $110K
18 PFG Investments, LLC 0.03% 9,016 $678K
19 M&T Bank Corp 0.03% 106,615 $8.0M
20 Noble Wealth Management PBC 0.03% 700 $53K
21 Cetera Investment Advisers 0.02% 288,496 $21.7M
22 IHT Wealth Management, LLC 0.02% 10,529 $792K
23 Stifel Financial Corp 0.01% 213,321 $16.0M
24 Brooklyn Investment Group 0.01% 5,946 $447K
25 Addison Advisors LLC 0.01% 764 $57K
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 — Legg Mason ETF Invt (LRGE)

What does the Smart Money Trend signal show for LRGE?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their LRGE positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for LRGE?

More sellers than buyers — 49% buying: Last quarter: 35 funds reduced or exited vs 33 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 LRGE holders?

Elite ownership — 46% AUM from top-100 funds: 12 of 79 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in LRGE. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held LRGE?

49% of holders stayed for 2+ years: 39 out of 79 hedge funds have held LRGE 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 Legg Mason ETF Invt (LRGE) following the 2026 Q1 hedge fund 13F filings?

As of today, LRGE has moved -0.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.0% for the SPY sector ETF — an outperformance of -2.7%. Since the quarter end (March 31, 2026), LRGE has gained +13.5% vs +15.9% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near 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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