Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Ncino Inc (NCNO)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -16
Streak
1Q ▼
Buyers last Q
53%

Smart Money Signals — NCNO

Based on 279 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 NCNO 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 (95% of max)

95% of all-time peak
279 hedge funds hold NCNO 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 NCNO is almost the same as a year ago (+3 funds, +1% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 53% buying

182 buying162 selling
Last quarter: 182 funds bought or added vs 162 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 — ~65 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 65 → 66 → 69 → 65. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

44% of holders stayed for 2+ years

■ 44% conviction (2yr+) ■ 31% medium ■ 25% new
123 out of 279 hedge funds have held NCNO 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 -2%, value -42%

Value
-42%
Shares
-2%
Last quarter: funds added -2% more shares while total portfolio value only changed -42%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~65 new funds/quarter

49 → 65 → 66 → 69 → 65 new funds/Q
New funds entering each quarter: 65 → 66 → 69 → 65. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 57% veterans vs 26% newcomers

■ 57% veterans ■ 17% 1-2yr ■ 26% new
Entry-cohort mix of 287 holders: 163 (57%) are 2+ year veterans, 50 entered 1–2 years ago, and 74 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 27% AUM from major funds

27% from top-100 AUM funds
50 of 278 holders rank in the top 100 by AUM, accounting for 27% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — 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 — NCNO

In 2026 Q1, 182 hedge funds were net buyers of NCNO (65 opened a new position, 117 added to an existing one), while 162 reduced or exited (81 trimmed, 81 sold completely) — a 53% buyer ratio, indicating a slight buying edge. 27% of total institutional value in NCNO is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -16 funds (more exits than new entries). Total institutional holders: 279.

Hedge Fund Ownership: NCNO

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

Market Analysis: NCNO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NCNO

-- --

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

Is It Too Late to Buy Ncino Inc (NCNO) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NCNO has moved relative to its sector benchmark (XLK) 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 · 80d ago
NCNO
+3.4%
XLK
+39.8%

NCNO outperformed XLK by -36.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
NCNO
+3.5%
XLK
+5.4%

Since the filing became public, NCNO outperformed XLK by -1.9% .

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.

26 top-rated funds 1 high-conviction
Consensus
6.2
/ 10
breadth
×
Elite
1.5
/ 10
conviction
Hedge Fund Positioning: NCNO
277 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 277 295 -6.1%
13F Shares 120M 123M -2.29%
Total Value $1.80B $3.11B -42.08%
New Positions 64 69 -5
Increased Positions 117 100 +17
Closed Positions 82 67 +15
Reduced Positions 75 108 -33
Total Calls 7 3 133.33%
Total Puts 2 2 -
PUT/CALL Ratio 0.29 0.67 Bullish

Statistics: NCNO

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Valuation Measures Data as of: --

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

Financial Highlights

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Income Statement & Cash Flow
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Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

277 + investors

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

QUARTER:
Top 25 NCNO holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Long Path Partners LP 30.08% 4,419,945 $66.2M
2 HMI Capital Management, L.P. 13.46% 6,778,028 $101.5M
3 Lead Edge Capital Management, LLC 6.20% 1,687,480 $25.3M
4 Spyglass Capital Management LLC 3.48% 3,085,237 $46.2M
5 Senvest Management, LLC 2.64% 5,308,468 $79.5M
6 Hawk Ridge Capital Management LP 2.44% 4,481,810 $67.1M
7 Algebris (uk) Ltd 2.25% 2,079,386 $31.1M
8 Tensile Capital Management LP 2.16% 1,005,142 $15.1M
9 American Capital Management Inc 1.91% 2,375,396 $35.6M
10 Ranger Investment Management, L.P. 1.15% 1,056,960 $15.8M
11 Brown Capital Management LLC 1.13% 529,786 $7.9M
12 Cypress Point Investment Management LP 0.97% 275,161 $4.1M
13 Tremblant Capital Group 0.89% 1,845,049 $27.6M
14 Conestoga Capital Advisors, LLC 0.81% 2,724,354 $40.8M
15 Clearline Capital LP 0.62% 799,322 $12.0M
16 Cm Wealth Advisors LLC 0.34% 106,412 $1.6M
17 Gagnon Securities LLC 0.27% 79,520 $1.2M
18 State of Wyoming 0.25% 142,752 $2.1M
19 National Philanthropic Trust 0.24% 398,062 $12.5M
20 Kayne Anderson Rudnick Investment Management LLC 0.23% 5,140,656 $77.0M
21 Malaga Cove Capital, LLC 0.23% 41,835 $627K
22 Palisade Capital Management, LP 0.22% 443,963 $6.7M
23 Readystate Asset Management LP 0.19% 287,143 $4.3M
24 Oxford Asset Management LLP 0.19% 29,350 $440K
25 Trust Co of the South 0.19% 77,722 $1.2M
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 — Ncino Inc (NCNO)

What does the Smart Money Trend signal show for NCNO?

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

Slight buying edge — 53% buying: Last quarter: 182 funds bought or added vs 162 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 NCNO holders?

Strong quality — 27% AUM from major funds: 50 of 278 holders rank in the top 100 by AUM, accounting for 27% 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 NCNO?

44% of holders stayed for 2+ years: 123 out of 279 hedge funds have held NCNO 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 Ncino Inc (NCNO) following the 2026 Q1 hedge fund 13F filings?

As of today, NCNO has moved +3.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.4% for the XLK sector ETF — an outperformance of -1.9%. Since the quarter end (March 31, 2026), NCNO has gained +3.4% vs +39.8% for XLK. 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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