Navan Inc (NAVN) Hedge Fund Ownership (Q2 2026)

Navan Inc (NAVN)

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

Smart Money Signals — NAVN

Based on 207 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q

For 3 consecutive quarters, more hedge funds added NAVN 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

207 hedge funds hold NAVN 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.

🚀

Fast accumulation — +20600% more funds vs a year ago

fund count last 6Q

+206 new funds entered over the past year (+20600% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.

🟢

More buyers than sellers — 70% buying

163 buying69 selling

Last quarter: 163 funds were net buyers (97 opened a brand new position + 66 added to an existing one). Only 69 were sellers (33 trimmed + 36 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+32 vs last Q)

new funds entering per quarter

Funds opening a new NAVN position: 0 → 112 → 65 → 97. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔄

Mostly new holders — 96% entered in last year

■ 1% conviction (2yr+) ■ 3% medium ■ 96% new

Only 3 funds (1%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

💰

Value +92% but shares only +12% — price-driven

Value

+91%

+12%

Last quarter: the total dollar value of institutional holdings rose +92%, but actual share count only changed +12%. 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

1 → 0 → 112 → 65 → 97 new funds/Q

New funds entering each quarter: 0 → 112 → 65 → 97. A growing number of institutions are discovering NAVN each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🌱

Early stage — 99% of holders entered in last year

■ 1% veterans ■ 0% 1-2yr ■ 99% new

Of 215 current holders: 212 (99%) entered in the past year, only 3 (1%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.

✅

Strong quality — 25% AUM from major funds

25% from top-100 AUM funds

45 of 206 holders rank in the top 100 by AUM, accounting for 25% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

7.4

out of 10

High Exit Risk

Exit risk score 7.4/10 — multiple crowding signals converge. Institutional ownership is at 100% of its all-time high — near peak crowding. Crowded trades can unwind fast — a single catalyst can trigger a cascade.

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.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	205	146	40.41%
13F Shares	169M	150M	12.42%
Total Value	$3.72B	$1.94B	91.52%
New Positions	97	65	+32
Increased Positions	64	39	+25
Closed Positions	37	32	+5
Reduced Positions	30	23	+7
Total Calls	5	5	-
Total Puts	4	3	33.33%
PUT/CALL Ratio	0.8	0.6	Neutral

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

205

146

40.41%

13F Shares

169M

150M

12.42%

Total Value

$3.72B

$1.94B

91.52%

New Positions

+32

Increased Positions

+25

Closed Positions

Reduced Positions

Total Calls

Total Puts

33.33%

PUT/CALL Ratio

0.8

0.6

Neutral

Institutional Holders (2026 Q2)

205 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 NAVN holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Napean Trading & Investment Co (Singapore) PTE Ltd	46.15%	5,874,257	$134.3M
2	Cosmic Management, LLC	42.74%	7,138,769	$163.3M
3	Lightspeed Management Company, L.L.C.	39.65%	41,698,258	$953.6M
4	Electric Capital Partners, LLC	6.55%	292,256	$6.7M
5	Pb Investment Partners, L.P.	5.74%	376,860	$8.6M
6	a16z Capital Management, L.L.C.	4.54%	28,218,676	$645.4M
7	Sonoma Private Wealth LLC	3.59%	146,296	$3.3M
8	BIT Capital GmbH	3.53%	5,210,700	$119.2M
9	G2 Investment Partners Management LLC	2.89%	692,719	$15.8M
10	Lunate Capital Ltd	2.33%	200,000	$4.6M
11	Roubaix Capital, LLC	2.18%	265,887	$6.1M
12	Rockingstone Advisors LLC	1.85%	201,650	$4.6M
13	Ibex Investors LLC	1.72%	146,208	$3.3M
14	Abdiel Capital Advisors, LP	1.63%	37,000	$846K
15	E20 Capital Ltd	1.38%	747,136	$17.1M
16	Greenoaks LLC	0.98%	1,010,000	$23.1M
17	Penn Mutual Asset Management	0.97%	8,299	$190K
18	Occudo Quantitative Strategies LP	0.96%	794,022	$18.2M
19	Pier Capital, LLC	0.80%	264,663	$6.1M
20	Lisanti Capital Growth, LLC	0.60%	120,075	$2.7M
21	Persistent Asset Partners Ltd	0.54%	79,842	$1.8M
22	Ardsley Advisory Partners LP	0.48%	200,000	$4.6M
23	Board of Trustees of The Leland Stanford Junior University	0.47%	110,554	$2.5M
24	Wilson Asset Management (international) Pty Ltd	0.44%	70,000	$1.6M
25	Meridiem Capital Partners LP	0.41%	401,404	$9.2M

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 — Navan Inc (NAVN)

What does the Smart Money Trend signal show for NAVN?

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

More buyers than sellers — 70% buying: Last quarter: 163 funds were net buyers (97 opened a brand new position + 66 added to an existing one). Only 69 were sellers (33 trimmed + 36 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for NAVN holders?

Strong quality — 25% AUM from major funds: 45 of 206 holders rank in the top 100 by AUM, accounting for 25% 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 NAVN?

Mostly new holders — 96% entered in last year: Only 3 funds (1%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

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.

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Navan Inc (NAVN)

Smart Money Signals — NAVN

Buying streak — 3 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +20600% more funds vs a year ago

More buyers than sellers — 70% buying

More new buyers each quarter (+32 vs last Q)

Mostly new holders — 96% entered in last year

Value +92% but shares only +12% — price-driven

Growing discovery — still being found

Early stage — 99% of holders entered in last year

Strong quality — 25% AUM from major funds

Institutional Sentiment Summary — NAVN

Hedge Fund Ownership: NAVN

Market Analysis: NAVN

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: NAVN

Hedge Fund Positioning: NAVN

Statistics: NAVN

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Navan Inc (NAVN)

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