Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Neurocrine Biosciences Inc (NBIX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +81
Streak
1Q ▲
Buyers last Q
61%

Smart Money Signals — NBIX

Based on 776 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added NBIX 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
776 hedge funds hold NBIX 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 — +34% more funds vs a year ago

fund count last 6Q
+197 new funds entered over the past year (+34% 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 — 61% buying

472 buying300 selling
Last quarter: 472 funds were net buyers (154 opened a brand new position + 318 added to an existing one). Only 300 were sellers (227 trimmed + 73 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+65 vs last Q)

new funds entering per quarter
Funds opening a new NBIX position: 120 → 141 → 89 → 154. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

54% of holders stayed for 2+ years

■ 54% conviction (2yr+) ■ 21% medium ■ 26% new
417 out of 776 hedge funds have held NBIX 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.
➡️

Steady discovery — ~154 new funds/quarter

82 → 120 → 141 → 89 → 154 new funds/Q
New funds entering each quarter: 120 → 141 → 89 → 154. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 60% veterans vs 29% newcomers

■ 60% veterans ■ 11% 1-2yr ■ 29% new
Entry-cohort mix of 791 holders: 477 (60%) are 2+ year veterans, 84 entered 1–2 years ago, and 230 (29%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 60% AUM from top-100 funds

60% from top-100 AUM funds
70 of 774 holders are among the 100 largest funds by AUM, controlling 60% of total institutional value in NBIX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.9
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.

Institutional Sentiment Summary — NBIX

In 2026 Q2, 472 hedge funds were net buyers of NBIX (154 opened a new position, 318 added to an existing one), while 300 reduced or exited (227 trimmed, 73 sold completely) — a 61% buyer ratio, indicating clear institutional accumulation. 60% of total institutional value in NBIX is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +81 funds (more new holders than closures). Total institutional holders: 776.

Hedge Fund Ownership: NBIX

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

Market Analysis: NBIX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NBIX

-- --

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

21 top-rated funds 6 high-conviction
Consensus
5.8
/ 10
breadth
×
Elite
3.2
/ 10
conviction
Hedge Fund Positioning: NBIX
766 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 766 695 10.22%
13F Shares 101M 97M 4.81%
Total Value $16.50B $12.41B 32.96%
New Positions 150 89 +61
Increased Positions 311 289 +22
Closed Positions 77 116 -39
Reduced Positions 221 222 -1
Total Calls 8 9 -11.11%
Total Puts 8 8 -
PUT/CALL Ratio 1.0 0.89 Neutral

Statistics: NBIX

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Institutional Holders (2026 Q2)

766 + investors

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

QUARTER:
Top 25 NBIX holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Sarissa Capital Management LP 11.04% 116,533 $19.6M
2 PKO BP BANKOWY Universal Pension Society JSC 8.23% 170,802 $28.8M
3 Vestal Point Capital, LP 7.40% 1,880,000 $316.8M
4 Atle Fund Management AB 3.31% 72,898 $12.3M
5 PFM Health Sciences, LP 3.09% 213,407 $36.0M
6 Science & Technology Partners, L.P. 2.26% 79,724 $13.4M
7 Birchview Capital, LP 2.14% 27,190 $4.6M
8 Braidwell LP 2.10% 336,171 $56.7M
9 Seizert Capital Partners, LLC 1.93% 277,337 $46.7M
10 DAFNA Capital Management LLC 1.86% 57,769 $9.7M
11 Rtw Investments, LP 1.82% 1,267,925 $213.7M
12 Renaissance Group LLC 1.57% 228,970 $38.6M
13 Gray Foundation 1.40% 37,800 $6.4M
14 AlphaCentric Advisors LLC 1.39% 9,727 $1.6M
15 Rhenman & Partners Asset Management AB 1.37% 85,841 $14.5M
16 Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group 1.35% 30,400 $5.1M
17 Element Squared LLC 1.27% 15,167 $2.6M
18 2Xideas AG 1.22% 16,763 $2.8M
19 Paragon Capital Management Inc 1.22% 9,739 $1.6M
20 Rock Springs Capital Management LP 1.19% 144,750 $24.4M
21 Nantahala Capital Management, LLC 1.12% 200,000 $33.7M
22 Ellsworth Advisors, LLC 1.12% 39,627 $6.8M
23 Armistice Capital, LLC 1.10% 535,838 $90.3M
24 Hussman Strategic Advisors, INC. 1.06% 27,300 $4.6M
25 Illumine Investment Management, LLC 1.03% — $1.6M
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 — Neurocrine Biosciences Inc (NBIX)

What does the Smart Money Trend signal show for NBIX?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added NBIX 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 NBIX?

More buyers than sellers — 61% buying: Last quarter: 472 funds were net buyers (154 opened a brand new position + 318 added to an existing one). Only 300 were sellers (227 trimmed + 73 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for NBIX holders?

Elite ownership — 60% AUM from top-100 funds: 70 of 774 holders are among the 100 largest funds by AUM, controlling 60% of total institutional value in NBIX. 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 NBIX?

54% of holders stayed for 2+ years: 417 out of 776 hedge funds have held NBIX 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.

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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