Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

MIND MEDICINE MINDMED INC (MNMD)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +3
Streak
2Q ▲
Buyers last Q
65%

Smart Money Signals — MNMD

Based on 188 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added MNMD 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
188 hedge funds hold MNMD 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 — +16% more funds vs a year ago

fund count last 6Q
+26 new funds entered over the past year (+16% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 65% buying

131 buying72 selling
Last quarter: 131 funds were net buyers (45 opened a brand new position + 86 added to an existing one). Only 72 were sellers (30 trimmed + 42 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+9 vs last Q)

new funds entering per quarter
Funds opening a new MNMD position: 44 → 18 → 36 → 45. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌

Mixed — 36% long-term, 31% new

■ 36% conviction (2yr+) ■ 33% medium ■ 31% new
Of the 188 current holders: 68 (36%) held >2 years, 62 held 1–2 years, and 58 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.
💰

Value +58% but shares only +39% — price-driven

Value
+58%
Shares
+39%
Last quarter: the total dollar value of institutional holdings rose +58%, but actual share count only changed +39%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈

Growing discovery — still being found

33 → 44 → 18 → 36 → 45 new funds/Q
New funds entering each quarter: 44 → 18 → 36 → 45. A growing number of institutions are discovering MNMD each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
📊

Mixed cohorts — 38% veterans, 37% new entrants

■ 38% veterans ■ 25% 1-2yr ■ 37% new
Of 197 current holders: 75 (38%) held 2+ years, 49 held 1–2 years, 73 (37%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅

Strong quality — 29% AUM from major funds

29% from top-100 AUM funds
30 of 188 holders rank in the top 100 by AUM, accounting for 29% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — 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.

Hedge Fund Ownership: MNMD

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

Market Analysis: MNMD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: MNMD

-- --
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

38 top-rated funds 5 high-conviction
Consensus
6.9
/ 10
breadth
×
Elite
3.7
/ 10
conviction
Hedge Fund Positioning: MNMD
2026 Q1 Stats Unlock in 22 days 197 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 197 198 -0.51%
13F Shares 58M 42M 39.21%
Total Value $779M $492M 58.23%
New Positions 45 38 +7
Increased Positions 104 75 +29
Closed Positions 46 26 +20
Reduced Positions 42 60 -18
Total Calls 6 8 -25.0%
Total Puts 5 7 -28.57%
PUT/CALL Ratio 0.83 0.88 Neutral

Statistics: MNMD

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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

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) --
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Institutional Holders (2026 Q1)

197 + investors

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

Top 25 institutional holders of MNMD — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Trails Edge Capital Partners, LP 8.50% 2,568,110 $34.4M
2 CAXTON CORP 4.91% 15,688 $210K
3 Octagon Capital Advisors LP 3.63% 2,230,000 $29.9M
4 Rosalind Advisors, Inc. 3.53% 750,000 $10.0M
5 SUPERSTRING CAPITAL MANAGEMENT LP 3.05% 425,202 $5.7M
6 Data Collective IV GP, LLC 2.30% 100,350 $1.3M
7 Commodore Capital LP 1.78% 2,000,000 $26.8M
8 Boxer Capital Management, LLC 1.75% 598,500 $8.0M
9 Soviero Asset Management, LP 0.96% 150,000 $2.0M
10 Avoro Capital Advisors LLC 0.66% 5,000,000 $67.0M
11 Crawford Fund Management, LLC 0.52% 296,200 $4.0M
12 PSP Research LLC 0.41% 34,841 $467K
13 Deep Track Capital, LP 0.40% 1,676,540 $22.4M
14 Fore Capital, LLC 0.35% 80,000 $1.1M
15 ORBIMED ADVISORS LLC 0.34% 1,226,700 $16.4M
16 Siren, L.L.C. 0.32% 800,000 $10.7M
17 Vestal Point Capital, LP 0.29% 637,000 $8.5M
18 Scientech Research LLC 0.27% 31,699 $424K
19 Integral Health Asset Management, LLC 0.23% 350,000 $4.7M
20 AdvisorShares Investments LLC 0.23% 102,838 $1.4M
21 SEVEN GRAND MANAGERS, LLC 0.23% 225,000 $3.0M
22 PLATINUM INVESTMENT MANAGEMENT LTD 0.22% 70,000 $937K
23 Palumbo Wealth Management LLC 0.13% 39,002 $522K
24 Blackstone Inc. 0.11% 2,059,805 $27.6M
25 EntryPoint Capital, LLC 0.11% 20,219 $271K
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 — MIND MEDICINE MINDMED INC (MNMD)

What does the Smart Money Trend signal show for MNMD?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added MNMD 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 MNMD?

More buyers than sellers — 65% buying: Last quarter: 131 funds were net buyers (45 opened a brand new position + 86 added to an existing one). Only 72 were sellers (30 trimmed + 42 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for MNMD holders?

Strong quality — 29% AUM from major funds: 30 of 188 holders rank in the top 100 by AUM, accounting for 29% 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 MNMD?

Mixed — 36% long-term, 31% new: Of the 188 current holders: 68 (36%) held >2 years, 62 held 1–2 years, and 58 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.

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.