Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Manhattan Associates Inc (MANH)

523 + 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
↓ -45
Streak
2Q ▼
Buyers last Q
46%

Smart Money Signals — MANH

Based on 526 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 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 — 81% of 3.0Y peak

81% of all-time peak
526 funds currently hold this stock — 81% of the 3.0-year high of 651 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 12% fewer funds vs a year ago

fund count last 6Q
71 fewer hedge funds hold MANH compared to a year ago (-12% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 46% buying

260 buying306 selling
Last quarter: 306 funds reduced or exited vs 260 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.
⚠️

Fewer new buyers each quarter (-11 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 105 → 92 → 84 → 73. 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.
🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 22% medium ■ 17% new
321 out of 526 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.
💎

Buying through price weakness — shares +6%, value -23%

Value
-23%
Shares
+6%
Last quarter: funds added +6% more shares while total portfolio value only changed -23%. 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

98 → 105 → 92 → 84 → 73 new funds/Q
New funds entering each quarter: 105 → 92 → 84 → 73. 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.
🏛️

Deep conviction — 66% of holders stayed 2+ years

■ 66% veterans ■ 13% 1-2yr ■ 21% new
Of 538 current holders: 356 (66%) 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.
🏆

Elite ownership — 49% AUM from top-100 funds

49% from top-100 AUM funds
58 of 526 holders are among the 100 largest funds by AUM, controlling 49% 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.
2.7
out of 10
Low Exit Risk
Exit risk score 2.7/10 — 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 Q1, 260 hedge funds were net buyers of MANH (73 opened a new position, 187 added to an existing one), while 306 reduced or exited (188 trimmed, 118 sold completely) — a 46% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. 49% of total institutional value in MANH is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -45 funds (more exits than new entries). Total institutional holders: 526.

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.

Is It Too Late to Buy Manhattan Associates Inc (MANH) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much MANH 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 · 75d ago
MANH
+7.4%
XLK
+39.1%

MANH outperformed XLK by -31.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
MANH
+8.8%
XLK
+4.8%

Since the filing became public, MANH outperformed XLK by +4.0% .

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.

36 top-rated funds 0 high-conviction
Consensus
6.8
/ 10
breadth
×
Elite
0.8
/ 10
conviction
Hedge Fund Positioning: MANH
523 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 523 571 -8.41%
13F Shares 64M 60M 6.14%
Total Value $7.99B $10.38B -23.07%
New Positions 71 84 -13
Increased Positions 185 173 +12
Closed Positions 119 117 +2
Reduced Positions 186 241 -55
Total Calls 6 5 20.0%
Total Puts 7 4 75.0%
PUT/CALL Ratio 1.17 0.8 Neutral

Statistics: MANH

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Valuation Measures Data as of: --

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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

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Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
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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)

523 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 RGM Capital, LLC 3.23% 384,456 $66.6M
2 Montanaro Asset Management Ltd 3.16% 79,310 $10.6M
3 American Capital Management Inc 2.56% 357,807 $47.6M
4 Brown Capital Management LLC 2.53% 134,011 $17.8M
5 Kopp Family Office, LLC 1.50% 16,330 $2.2M
6 Bell Asset Management Ltd 1.15% 29,363 $3.9M
7 Df Dent & Co Inc 0.99% 388,625 $51.7M
8 Stephens Investment Management Group LLC 0.92% 502,678 $66.9M
9 Hixon Zuercher, LLC 0.83% 19,958 $2.7M
10 Sone Capital Management, LLC 0.80% 71,913 $9.6M
11 Mirova 0.80% 148,622 $19.8M
12 Jacobs Levy Equity Management, Inc 0.47% 847,568 $112.8M
13 AlphaCentric Advisors LLC 0.47% 3,500 $466K
14 Night Squared LP 0.46% 23,682 $3.2M
15 Kayne Anderson Rudnick Investment Management LLC 0.43% 1,094,725 $145.7M
16 Voleon Capital Management LP 0.41% 142,899 $19.0M
17 Capital Insight Partners, LLC 0.40% 10,973 $1.9M
18 Local Pensions Partnership Investment Ltd 0.40% 138,500 $18.4M
19 BLI - Banque de Luxembourg Investments 0.38% 74,100 $12.7M
20 Epoch Investment Partners, Inc. 0.37% 460,461 $61.3M
21 Invenomic Capital Management LP 0.31% 50,679 $6.7M
22 William Blair Investment Management, LLC 0.28% 629,317 $83.8M
23 Dynamic Technology Lab Private Ltd 0.26% 11,915 $1.6M
24 Inspire Investing, LLC 0.25% 22,587 $3.0M
25 Cinctive Capital Management LP 0.24% 27,203 $3.6M
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 — 2 quarters in a row: For 2 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: 306 funds reduced or exited vs 260 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 — 49% AUM from top-100 funds: 58 of 526 holders are among the 100 largest funds by AUM, controlling 49% 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?

61% of holders stayed for 2+ years: 321 out of 526 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.

Is it too late to buy Manhattan Associates Inc (MANH) following the 2026 Q1 hedge fund 13F filings?

As of today, MANH has moved +8.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLK sector ETF — an outperformance of +4.0%. Since the quarter end (March 31, 2026), MANH has gained +7.4% vs +39.1% 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.

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