Latam Airlines Group SA (LTM): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy Latam Airlines Group SA (LTM) following the 2026 Q1 hedge fund 13F filings?

As of today, LTM has moved +16.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLI sector ETF — an outperformance of +11.5%. Since the quarter end (March 31, 2026), LTM gained +10.3% vs +11.0% for XLI. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference.

Latam Airlines Group SA (LTM)

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

Smart Money Signals — LTM

Based on 163 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 7 quarters in a row

last 6Q

For 7 consecutive quarters, more hedge funds added LTM than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

163 hedge funds hold LTM 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.

🚀

Fast accumulation — +181% more funds vs a year ago

fund count last 6Q

+105 new funds entered over the past year (+181% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.

🟢

More buyers than sellers — 68% buying

122 buying58 selling

Last quarter: 122 funds were net buyers (61 opened a brand new position + 61 added to an existing one). Only 58 were sellers (35 trimmed + 23 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+19 vs last Q)

new funds entering per quarter

Funds opening a new LTM position: 41 → 39 → 42 → 61. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

📌

Mixed — 31% long-term, 44% new

■ 31% conviction (2yr+) ■ 25% medium ■ 44% new

Of the 163 current holders: 51 (31%) held >2 years, 40 held 1–2 years, and 72 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

📈

Growing discovery — still being found

19 → 41 → 39 → 42 → 61 new funds/Q

New funds entering each quarter: 41 → 39 → 42 → 61. A growing number of institutions are discovering LTM each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Veteran-anchored — 48% veterans vs 46% newcomers

■ 48% veterans ■ 6% 1-2yr ■ 46% new

Entry-cohort mix of 171 holders: 82 (48%) are 2+ year veterans, 11 entered 1–2 years ago, and 78 (46%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

✅

Strong quality — 31% AUM from major funds

31% from top-100 AUM funds

29 of 162 holders rank in the top 100 by AUM, accounting for 31% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

5.4

out of 10

Moderate Exit Risk

Exit risk score 5.4/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	163	125	30.4%
13F Shares	32M	29M	7.83%
Total Value	$1.57B	$1.58B	-0.65%
New Positions	61	42	+19
Increased Positions	61	41	+20
Closed Positions	23	31	-8
Reduced Positions	30	36	-6
Total Calls	4	3	33.33%
Total Puts	5	4	25.0%
PUT/CALL Ratio	1.25	1.33	Bearish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

163

125

30.4%

13F Shares

32M

29M

7.83%

Total Value

$1.57B

$1.58B

-0.65%

New Positions

+19

Increased Positions

+20

Closed Positions

-8

Reduced Positions

-6

Total Calls

33.33%

Total Puts

25.0%

PUT/CALL Ratio

1.25

1.33

Bearish

Institutional Holders (2026 Q1)

163 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 LTM holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Olympus Peak Asset Management LP	100.00%	2,076,995	$102.7M
2	INCA Investments LLC	14.16%	807,079	$39.9M
3	Aubrey Capital Management Ltd	7.76%	292,253	$14.4M
4	Man Investment Partners (US) LP	3.85%	65,709	$3.2M
5	Bardin Hill Management Partners LP	3.70%	65,709	$3.0M
6	SPX Gestao de Recursos Ltda	3.62%	881,976	$43.6M
7	Moneda S.A. Administradora General de Fondos	2.39%	59,184	$2.9M
8	Itau Unibanco Holding S.A.	2.00%	1,545,674	$83.3M
9	Burkehill Global Management, LP	1.35%	550,000	$27.2M
10	Point Nemo Capital, LLC	0.87%	26,711	$1.3M
11	U S Global Investors Inc	0.78%	136,140	$6.7M
12	Ghisallo Capital Management LLC	0.68%	500,000	$24.7M
13	Seven Grand Managers, LLC	0.66%	200,000	$9.9M
14	Advisory Research Inc	0.60%	98,523	$4.9M
15	Newport Trust Company, LLC	0.39%	3,242,366	$160.3M
16	Par Capital Management Inc	0.24%	165,000	$8.2M
17	North of South Capital LLP	0.18%	39,455	$2.0M
18	Element Capital Management LLC	0.17%	36,449	$1.8M
19	Advisors Preferred, LLC	0.16%	21,864	$1.1M
20	Robeco Institutional Asset Management B.V.	0.15%	2,124,452	$105.0M
21	William Blair Investment Management, LLC	0.14%	881,457	$43.6M
22	Optivise Advisory Services LLC	0.14%	4,707	$233K
23	Banco BTG Pactual S.A.	0.11%	25,000	$1.2M
24	Renaissance Technologies LLC	0.10%	1,267,200	$62.7M
25	Three Seasons Wealth, LLC	0.08%	4,427	$219K

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 — Latam Airlines Group SA (LTM)

What does the Smart Money Trend signal show for LTM?

Buying streak — 7 quarters in a row: For 7 consecutive quarters, more hedge funds added LTM than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for LTM?

More buyers than sellers — 68% buying: Last quarter: 122 funds were net buyers (61 opened a brand new position + 61 added to an existing one). Only 58 were sellers (35 trimmed + 23 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for LTM holders?

Strong quality — 31% AUM from major funds: 29 of 162 holders rank in the top 100 by AUM, accounting for 31% 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 LTM?

Mixed — 31% long-term, 44% new: Of the 163 current holders: 51 (31%) held >2 years, 40 held 1–2 years, and 72 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Is it too late to buy Latam Airlines Group SA (LTM) following the 2026 Q1 hedge fund 13F filings?

As of today, LTM has moved +16.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLI sector ETF — an outperformance of +11.5%. Since the quarter end (March 31, 2026), LTM has gained +10.3% vs +11.0% for XLI. 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.

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Latam Airlines Group SA (LTM)

Smart Money Signals — LTM

Buying streak — 7 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +181% more funds vs a year ago

More buyers than sellers — 68% buying

More new buyers each quarter (+19 vs last Q)

Mixed — 31% long-term, 44% new

Growing discovery — still being found

Veteran-anchored — 48% veterans vs 46% newcomers

Strong quality — 31% AUM from major funds

Institutional Sentiment Summary — LTM

Hedge Fund Ownership: LTM

Market Analysis: LTM

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: LTM

Is It Too Late to Buy Latam Airlines Group SA (LTM) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: LTM

Statistics: LTM

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Latam Airlines Group SA (LTM)

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