Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Merit Med Sys Inc (MMSI)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +14
Streak
3Q ▲
Buyers last Q
56%

Smart Money Signals — MMSI

Based on 399 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added MMSI 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
399 hedge funds hold MMSI 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.
📶

Steady growth — +7% more funds vs a year ago

fund count last 6Q
+25 new funds entered over the past year (+7% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 56% buying

233 buying180 selling
Last quarter: 233 funds bought or added vs 180 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.
➡️

Steady new buyers — ~70 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 50 → 54 → 67 → 70. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

57% of holders stayed for 2+ years

■ 57% conviction (2yr+) ■ 23% medium ■ 19% new
229 out of 399 hedge funds have held MMSI 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 -5%, value -26%

Value
-26%
Shares
-4%
Last quarter: funds added -5% more shares while total portfolio value only changed -26%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

57 → 50 → 54 → 67 → 70 new funds/Q
New funds entering each quarter: 50 → 54 → 67 → 70. A growing number of institutions are discovering MMSI each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 62% of holders stayed 2+ years

■ 62% veterans ■ 15% 1-2yr ■ 23% new
Of 400 current holders: 248 (62%) 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 — 33% AUM from major funds

33% from top-100 AUM funds
50 of 399 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — 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 — MMSI

In 2026 Q1, 233 hedge funds were net buyers of MMSI (70 opened a new position, 163 added to an existing one), while 180 reduced or exited (124 trimmed, 56 sold completely) — a 56% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 33% of total institutional value in MMSI is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +14 funds (more new holders than closures). Total institutional holders: 399.

Hedge Fund Ownership: MMSI

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

Market Analysis: MMSI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: MMSI

-- --

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

Is It Too Late to Buy Merit Med Sys Inc (MMSI) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much MMSI has moved relative to its sector benchmark (XLV) 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
MMSI
-3.5%
XLV
+4.9%

MMSI outperformed XLV by -8.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
MMSI
+6.3%
XLV
+6.0%

Since the filing became public, MMSI outperformed XLV by +0.3% .

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.

25 top-rated funds 0 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
0.9
/ 10
conviction
Hedge Fund Positioning: MMSI
398 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 398 385 3.38%
13F Shares 60M 63M -4.67%
Total Value $4.04B $5.48B -26.31%
New Positions 70 67 +3
Increased Positions 158 170 -12
Closed Positions 57 56 +1
Reduced Positions 123 111 +12
Total Calls 1 6 -83.33%
Total Puts 1 2 -50.0%
PUT/CALL Ratio 1.0 0.33 Neutral

Statistics: MMSI

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

398 + investors

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

QUARTER:
Top 25 MMSI holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Greenhouse Funds LLLP 3.46% 1,122,447 $77.4M
2 Conestoga Capital Advisors, LLC 2.98% 2,167,513 $149.4M
3 Aristotle Capital Boston, LLC 1.62% 377,580 $26.1M
4 PFM Health Sciences, LP 1.02% 162,469 $11.2M
5 Oberweis Asset Management Inc/ 0.86% 424,209 $29.2M
6 Karras Company, Inc. 0.81% 11,525 $794K
7 Thrive Capital Management, LLC 0.73% 48,230 $3.3M
8 Ranger Investment Management, L.P. 0.70% 139,425 $9.6M
9 ArrowMark Colorado Holdings LLC 0.64% 348,637 $24.0M
10 Peak Retirement Planning, Inc. 0.62% 45,143 $3.1M
11 Riverwater Partners LLC 0.59% 25,891 $1.8M
12 Maverick Capital Ltd 0.57% 714,081 $49.2M
13 Martin & Co Inc /Tn/ 0.53% 45,057 $3.1M
14 Winnow Wealth LLC 0.53% 9,878 $681K
15 Congress Asset Management Co 0.51% 1,029,249 $70.9M
16 Fuller & Thaler Asset Management, INC. 0.49% 2,115,526 $145.8M
17 Westwood Holdings Group Inc 0.48% 946,476 $65.2M
18 American Capital Management Inc 0.43% 115,775 $8.0M
19 WINTON GROUP Ltd 0.38% 158,783 $10.9M
20 Oakmont Advisory Group, LLC 0.37% 3,975 $350K
21 Renaissance Group LLC 0.35% 122,551 $8.4M
22 Frontier Capital Management Co LLC 0.31% 430,618 $29.7M
23 EULAV Asset Management 0.30% 138,000 $9.5M
24 Significant Wealth Partners LLC 0.29% 3,364 $232K
25 Campbell & CO Investment Adviser LLC 0.27% 68,415 $4.7M
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 — Merit Med Sys Inc (MMSI)

What does the Smart Money Trend signal show for MMSI?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added MMSI 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 MMSI?

Slight buying edge — 56% buying: Last quarter: 233 funds bought or added vs 180 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 MMSI holders?

Strong quality — 33% AUM from major funds: 50 of 399 holders rank in the top 100 by AUM, accounting for 33% 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 MMSI?

57% of holders stayed for 2+ years: 229 out of 399 hedge funds have held MMSI 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 Merit Med Sys Inc (MMSI) following the 2026 Q1 hedge fund 13F filings?

As of today, MMSI has moved +6.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +6.0% for the XLV sector ETF — an outperformance of +0.3%. Since the quarter end (March 31, 2026), MMSI has gained -3.5% vs +4.9% for XLV. 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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