Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Manhattan Associates Inc (MANH)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -26
Streak
3Q ▼
Buyers last Q
46%

Smart Money Signals — MANH

Based on 503 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds reduced or closed their MANH 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 — 77% of 3.0Y peak

77% of all-time peak
503 funds currently hold this stock — 77% of the 3.0-year high of 652 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 14% fewer funds vs a year ago

fund count last 6Q
84 fewer hedge funds hold MANH compared to a year ago (-14% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 46% buying

250 buying296 selling
Last quarter: 296 funds reduced or exited vs 250 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 — ~71 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 92 → 84 → 74 → 71. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

63% of holders stayed for 2+ years

■ 63% conviction (2yr+) ■ 21% medium ■ 15% new
319 out of 503 hedge funds have held MANH 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.
📊

Peak discovery — momentum slowing

107 → 92 → 84 → 74 → 71 new funds/Q
New funds entering each quarter: 92 → 84 → 74 → 71. MANH 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 — 67% veterans vs 19% newcomers

■ 67% veterans ■ 14% 1-2yr ■ 19% new
Entry-cohort mix of 509 holders: 340 (67%) are 2+ year veterans, 73 entered 1–2 years ago, and 96 (19%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 63% AUM from top-100 funds

63% from top-100 AUM funds
62 of 501 holders are among the 100 largest funds by AUM, controlling 63% of total institutional value in MANH. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.4
out of 10
Low Exit Risk
Exit risk score 2.4/10 — 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 — MANH

In 2026 Q2, 250 hedge funds were net buyers of MANH (71 opened a new position, 179 added to an existing one), while 296 reduced or exited (199 trimmed, 97 sold completely) — a 46% buyer ratio, indicating roughly balanced activity. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 63% of total institutional value in MANH is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -26 funds (more exits than new entries). Total institutional holders: 503.

Hedge Fund Ownership: MANH

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

Market Analysis: MANH

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: MANH

-- --

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

13 top-rated funds 0 high-conviction
Consensus
5.0
/ 10
breadth
×
Elite
1.1
/ 10
conviction
Hedge Fund Positioning: MANH
497 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 497 529 -6.05%
13F Shares 64M 65M -1.73%
Total Value $8.17B $8.12B 0.71%
New Positions 69 74 -5
Increased Positions 174 186 -12
Closed Positions 99 117 -18
Reduced Positions 198 187 +11
Total Calls 4 6 -33.33%
Total Puts 4 7 -42.86%
PUT/CALL Ratio 1.0 1.17 Neutral

Statistics: MANH

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Institutional Holders (2026 Q2)

497 + investors

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

QUARTER:
Top 25 MANH holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Brown Capital Management LLC 3.23% 116,118 $16.2M
2 Montanaro Asset Management Ltd 2.98% 67,765 $9.4M
3 American Capital Management Inc 2.28% 364,696 $50.8M
4 Kopp Family Office, LLC 1.40% 16,347 $2.3M
5 Sone Capital Management, LLC 1.13% 106,792 $14.9M
6 Summit Creek Advisors LLC 1.05% 22,140 $3.1M
7 Bell Asset Management Ltd 0.91% 24,392 $3.4M
8 Stephens Investment Management Group LLC 0.91% 606,425 $84.4M
9 Mirova 0.83% 160,627 $22.4M
10 Hixon Zuercher, LLC 0.80% 19,655 $2.7M
11 AlphaCentric Advisors LLC 0.59% 5,000 $696K
12 Epoch Investment Partners, Inc. 0.59% 742,409 $103.4M
13 Cinctive Capital Management LP 0.52% 101,103 $14.1M
14 Night Squared LP 0.52% 34,607 $4.8M
15 Convergence Investment Partners, LLC 0.50% 38,016 $5.3M
16 Df Dent & Co Inc 0.50% 188,634 $26.3M
17 Kayne Anderson Rudnick Investment Management LLC 0.44% 1,015,310 $141.4M
18 Ardsley Advisory Partners LP 0.41% 28,500 $4.0M
19 Local Pensions Partnership Investment Ltd 0.40% 138,500 $19.3M
20 Jacobs Levy Equity Management, Inc 0.40% 792,256 $110.3M
21 Hamrick Investment Counsel, llc 0.36% 3,941 $549K
22 OceanIQ Capital, LLC 0.36% 3,026 $591K
23 Royce & Associates LP 0.35% 314,304 $43.8M
24 Voleon Capital Management LP 0.28% 111,863 $15.6M
25 William Blair Investment Management, LLC 0.28% 675,396 $94.0M
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 — Manhattan Associates Inc (MANH)

What does the Smart Money Trend signal show for MANH?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their MANH 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 MANH?

More sellers than buyers — 46% buying: Last quarter: 296 funds reduced or exited vs 250 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 MANH holders?

Elite ownership — 63% AUM from top-100 funds: 62 of 501 holders are among the 100 largest funds by AUM, controlling 63% of total institutional value in MANH. 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 MANH?

63% of holders stayed for 2+ years: 319 out of 503 hedge funds have held MANH 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.

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