Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Lightspeed Commerce Inc (LSPD)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -15
Streak
1Q ▼
Buyers last Q
51%

Smart Money Signals — LSPD

Based on 99 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 LSPD 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 — 76% of 3.0Y peak

76% of all-time peak
99 funds currently hold this stock — 76% of the 3.0-year high of 131 funds (reached 2024 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
21 fewer hedge funds hold LSPD compared to a year ago (-18% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 51% buying

57 buying54 selling
Last quarter: 57 funds bought or added vs 54 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-12 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 17 → 17 → 20 → 8. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

65% of holders stayed for 2+ years

■ 65% conviction (2yr+) ■ 23% medium ■ 12% new
64 out of 99 hedge funds have held LSPD 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.
💎

Buying through price weakness — shares +3%, value -24%

Value
-23%
Shares
+2%
Last quarter: funds added +3% more shares while total portfolio value only changed -24%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

21 → 17 → 17 → 20 → 8 new funds/Q
New funds entering each quarter: 17 → 17 → 20 → 8. LSPD is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 71% veterans vs 15% newcomers

■ 71% veterans ■ 13% 1-2yr ■ 15% new
Entry-cohort mix of 105 holders: 75 (71%) are 2+ year veterans, 14 entered 1–2 years ago, and 16 (15%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 40% AUM from top-100 funds

40% from top-100 AUM funds
32 of 98 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in LSPD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.1
out of 10
Low Exit Risk
Exit risk score 2.1/10 — 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 — LSPD

In 2026 Q1, 57 hedge funds were net buyers of LSPD (8 opened a new position, 49 added to an existing one), while 54 reduced or exited (31 trimmed, 23 sold completely) — a 51% buyer ratio, indicating a slight buying edge. 40% of total institutional value in LSPD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -15 funds (more exits than new entries). Total institutional holders: 99.

Hedge Fund Ownership: LSPD

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

Market Analysis: LSPD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: LSPD

-- --

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

Is It Too Late to Buy Lightspeed Commerce Inc (LSPD) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much LSPD has moved relative to its sector benchmark (XLK) 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
LSPD
+7.1%
XLK
+41.9%

LSPD outperformed XLK by -34.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
LSPD
+8.6%
XLK
+7.0%

Since the filing became public, LSPD outperformed XLK by +1.6% .

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.

11 top-rated funds 2 high-conviction
Consensus
4.7
/ 10
breadth
×
Elite
2.1
/ 10
conviction
Hedge Fund Positioning: LSPD
99 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 99 114 -13.16%
13F Shares 80M 77M 2.93%
Total Value $713M $936M -23.83%
New Positions 8 20 -12
Increased Positions 44 34 +10
Closed Positions 23 20 +3
Reduced Positions 31 45 -14
Total Calls 4 8 -50.0%
Total Puts 3 5 -40.0%
PUT/CALL Ratio 0.75 0.62 Neutral

Statistics: LSPD

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

99 + investors

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

QUARTER:
Top 25 LSPD holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Spark Investment Management LLC 5.29% 246,000 $2.2M
2 Pale Fire Capital SE 4.35% 5,524,591 $49.5M
3 Louisbourg Investments INC. 1.14% 672,764 $6.0M
4 Palogic Value Management, L.P. 0.68% 180,000 $1.6M
5 PCJ Investment Counsel Ltd. 0.64% 250,900 $2.2M
6 Caisse de Depot Et Placement Du Quebec 0.35% 24,286,219 $216.5M
7 Invenomic Capital Management LP 0.14% 351,850 $3.2M
8 FIL Ltd 0.11% 16,024,553 $143.3M
9 Intact Investment Management INC. 0.09% 364,200 $3.3M
10 Susquehanna Fundamental Investments, LLC 0.09% 271,800 $2.4M
11 Act Capital Management, LLC 0.09% 12,500 $112K
12 Artisan Partners Limited Partnership 0.06% 3,945,230 $35.3M
13 Connor, Clark & Lunn Investment Management Ltd. 0.05% 2,660,697 $23.8M
14 Aigen Investment Management, LP 0.04% 13,218 $160K
15 Numerai GP LLC 0.03% 37,188 $333K
16 Joel Isaacson & Co., LLC 0.02% 69,286 $621K
17 SIG North Trading, ULC 0.01% 53,300 $478K
18 Federation des caisses Desjardins du Quebec 0.01% 286,803 $2.5M
19 Man Group plc 0.01% 548,800 $4.9M
20 XTX Topco Ltd 0.01% 48,953 $439K
21 Purpose Unlimited Inc. 0.01% 20,500 $183K
22 Ameriprise Financial Inc 0.01% 3,376,131 $30.3M
23 Renaissance Technologies LLC 0.01% 406,783 $3.6M
24 SIG North Trading, ULC 0.01% 31,698 $284K
25 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.01% 107,331 $960K
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 — Lightspeed Commerce Inc (LSPD)

What does the Smart Money Trend signal show for LSPD?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their LSPD 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 LSPD?

Slight buying edge — 51% buying: Last quarter: 57 funds bought or added vs 54 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for LSPD holders?

Elite ownership — 40% AUM from top-100 funds: 32 of 98 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in LSPD. 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 LSPD?

65% of holders stayed for 2+ years: 64 out of 99 hedge funds have held LSPD 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 Lightspeed Commerce Inc (LSPD) following the 2026 Q1 hedge fund 13F filings?

As of today, LSPD has moved +8.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +7.0% for the XLK sector ETF — an outperformance of +1.6%. Since the quarter end (March 31, 2026), LSPD has gained +7.1% vs +41.9% for XLK. 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.

Full history →