Stock Analysis

Data Source: SEC EDGAR 13F

Updated Hourly

TWO RDS SHARED TR (LSAF)

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

Net Flow Q/Q

→ 0

Streak

1Q —

Buyers last Q

40%

Smart Money Signals — LSAF

Based on 23 hedge funds · latest filing: 2025 Q4 · 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.

📊

High ownership — 82% of 3.0Y peak

82% of all-time peak

23 funds currently hold this stock — 82% of the 3.0-year high of 28 funds (reached 2023 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.

📉

Outflows — 18% fewer funds vs a year ago

fund count last 6Q

5 fewer hedge funds hold LSAF compared to a year ago (-18% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.

🟠

More sellers than buyers — 40% buying

10 buying15 selling

Last quarter: 15 funds reduced or exited vs 10 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: 1 → 2 → 4 → 6. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

74% of holders stayed for 2+ years

■ 74% conviction (2yr+) ■ 17% medium ■ 9% new

17 out of 23 hedge funds have held LSAF 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

6 → 1 → 2 → 4 → 6 new funds/Q

New funds entering each quarter: 1 → 2 → 4 → 6. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🏛️

Deep conviction — 78% of holders stayed 2+ years

■ 78% veterans ■ 9% 1-2yr ■ 13% new

Of 23 current holders: 18 (78%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.

✅

Strong quality — 32% AUM from major funds

32% from top-100 AUM funds

5 of 23 holders rank in the top 100 by AUM, accounting for 32% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

2.8

out of 10

Low Exit Risk

Exit risk score 2.8/10 — 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.

Hedge Fund Ownership: LSAF

How many hedge funds hold LSAF — quarterly history vs. share price

Quarterly hedge fund ownership of LSAF vs. share price

Stock Performance

Real-time

Smart Money Signal ?

Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

4 top-rated funds 0 high-conviction

Consensus

3.0

/ 10

breadth

Elite

0.2

/ 10

conviction

Hedge Fund Positioning: LSAF

2026 Q1 Stats Unlock in 16 days 23 + Investors

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

Metric	All 13F Filers (2025 Q4)	Prior (2025 Q3)	Change
Funds Holding	23	23	-
13F Shares	2M	2M	-12.54%
Total Value	$93M	$106M	-11.83%
New Positions	6	4	+2
Increased Positions	4	4	-
Closed Positions	6	6	-
Reduced Positions	9	12	-3
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Statistics: LSAF

Valuation Measures Data as of: --

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Financial Highlights

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Institutional Holders (2026 Q1)

23 + investors

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

FILTER:All New Added To Reduced No Change | Overweight >5% | SHOW: Active managers + show index funds

Top 5 institutional holders of LSAF — 2025 Q4 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Aurora Private Wealth, Inc.	0.28%	8,710	—
2	Private Advisor Group, LLC	0.01%	32,864	$1.5M
3	Cambridge Investment Research Advisors, Inc.	0.00%	9,904	—
4	Comprehensive Financial Planning, Inc./PA	0.00%	29	$1K
5	IFP Advisors, Inc	0.00%	305	$14K

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 — TWO RDS SHARED TR (LSAF)

What does the Smart Money Trend signal show for LSAF?

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 LSAF?

More sellers than buyers — 40% buying: Last quarter: 15 funds reduced or exited vs 10 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 LSAF holders?

Strong quality — 32% AUM from major funds: 5 of 23 holders rank in the top 100 by AUM, accounting for 32% 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 LSAF?

74% of holders stayed for 2+ years: 17 out of 23 hedge funds have held LSAF 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.

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.