Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Mannkind Corp (MNKD)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -4
Streak
1Q ▼
Buyers last Q
52%

Smart Money Signals — MNKD

Based on 249 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 MNKD positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (98% of max)

98% of all-time peak
249 hedge funds hold MNKD 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.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding MNKD is almost the same as a year ago (-5 funds, -2% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 52% buying

135 buying125 selling
Last quarter: 135 funds bought or added vs 125 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 — ~49 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 21 → 48 → 51 → 49. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 20% medium ■ 25% new
137 out of 249 hedge funds have held MNKD 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 +0%, value -57%

Value
-56%
Shares
+0%
Last quarter: funds added +0% more shares while total portfolio value only changed -57%. 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

44 → 21 → 48 → 51 → 49 new funds/Q
New funds entering each quarter: 21 → 48 → 51 → 49. A growing number of institutions are discovering MNKD each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 59% of holders stayed 2+ years

■ 59% veterans ■ 12% 1-2yr ■ 29% new
Of 256 current holders: 151 (59%) 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 — 47% AUM from top-100 funds

47% from top-100 AUM funds
50 of 249 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in MNKD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
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 — MNKD

In 2026 Q1, 135 hedge funds were net buyers of MNKD (49 opened a new position, 86 added to an existing one), while 125 reduced or exited (72 trimmed, 53 sold completely) — a 52% buyer ratio, indicating a slight buying edge. 47% of total institutional value in MNKD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -4 funds (more exits than new entries). Total institutional holders: 249.

Hedge Fund Ownership: MNKD

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

Market Analysis: MNKD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: MNKD

-- --

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

Is It Too Late to Buy Mannkind Corp (MNKD) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much MNKD 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 · 82d ago
MNKD
+60.8%
XLV
+705.0%

MNKD outperformed XLV by -644.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 37d ago
MNKD
+27.5%
XLV
+691.9%

Since the filing became public, MNKD outperformed XLV by -664.4% .

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.

22 top-rated funds 0 high-conviction
Consensus
5.9
/ 10
breadth
×
Elite
0.8
/ 10
conviction
Hedge Fund Positioning: MNKD
247 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 247 253 -2.37%
13F Shares 183M 183M 0.31%
Total Value $449M $1.03B -56.53%
New Positions 48 51 -3
Increased Positions 83 81 +2
Closed Positions 54 26 +28
Reduced Positions 71 70 +1
Total Calls 4 4 -
Total Puts 4 2 100.0%
PUT/CALL Ratio 1.0 0.5 Neutral

Statistics: MNKD

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)

247 + investors

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

QUARTER:
Top 25 MNKD holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 TSP Capital Management Group, LLC 2.00% 3,343,975 $8.2M
2 180 Wealth Advisors, LLC 1.20% 4,291,703 $10.5M
3 Scopia Capital Management LP 1.17% 694,961 $1.7M
4 1492 Capital Management LLC 0.51% 549,782 $1.3M
5 Stonepine Capital Management, LLC 0.49% 500,000 $1.2M
6 Frazier Life Sciences Management, L.P. 0.37% 5,900,000 $14.5M
7 Deltec Asset Management LLC 0.19% 428,000 $1.0M
8 Bruce & Co., Inc. 0.14% 195,073 $478K
9 Rubric Capital Management LP 0.09% 3,620,413 $8.9M
10 CTC Alternative Strategies, Ltd. 0.09% 16,400 $40K
11 Diadema Partners LP 0.08% 186,603 $457K
12 Painted Porch Advisors LLC 0.06% 53,432 $131K
13 CenterBook Partners LP 0.06% 430,958 $1.1M
14 Avoro Capital Advisors LLC 0.05% 2,200,000 $5.4M
15 New Wave Wealth Advisors LLC 0.04% 51,100 $125K
16 Persistent Asset Partners Ltd 0.04% 47,394 $116K
17 Larry Mathis Financial Planning, LLC 0.04% 17,119 $42K
18 Aaron Wealth Advisors LLC 0.03% 235,652 $577K
19 Aquatic Capital Management LLC 0.03% 401,380 $983K
20 SWAN Capital LLC 0.03% 28,850 $71K
21 Profund Advisors LLC 0.02% 258,949 $634K
22 Pacific Wealth Strategies Group, Inc. 0.02% 13,600 $33K
23 Stonepine Capital Management, LLC 0.02% 16,300 $40K
24 Apollo Management Holdings, L.P. 0.02% 484,016 $1.2M
25 Caption Management, LLC 0.01% 1,000,000 $2.5M
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 — Mannkind Corp (MNKD)

What does the Smart Money Trend signal show for MNKD?

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

Slight buying edge — 52% buying: Last quarter: 135 funds bought or added vs 125 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 MNKD holders?

Elite ownership — 47% AUM from top-100 funds: 50 of 249 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in MNKD. 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 MNKD?

55% of holders stayed for 2+ years: 137 out of 249 hedge funds have held MNKD 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 Mannkind Corp (MNKD) following the 2026 Q1 hedge fund 13F filings?

As of today, MNKD has moved +27.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +691.9% for the XLV sector ETF — an outperformance of -664.4%. Since the quarter end (March 31, 2026), MNKD has gained +60.8% vs +705.0% 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.

Full history →