Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Neogen Corp (NEOG)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +4
Streak
2Q ▲
Buyers last Q
52%

Smart Money Signals — NEOG

Based on 305 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added NEOG 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.
📊

High ownership — 88% of 3.0Y peak

88% of all-time peak
305 funds currently hold this stock — 88% of the 3.0-year high of 346 funds (reached 2023 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 8% fewer funds vs a year ago

fund count last 6Q
27 fewer hedge funds hold NEOG compared to a year ago (-8% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 52% buying

152 buying139 selling
Last quarter: 152 funds bought or added vs 139 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 — ~48 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 66 → 43 → 53 → 48. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 23% medium ■ 17% new
182 out of 305 hedge funds have held NEOG 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.
💰

Value +32% but shares only +8% — price-driven

Value
+31%
Shares
+8%
Last quarter: the total dollar value of institutional holdings rose +32%, but actual share count only changed +8%. 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.
➡️

Steady discovery — ~48 new funds/quarter

51 → 66 → 43 → 53 → 48 new funds/Q
New funds entering each quarter: 66 → 43 → 53 → 48. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 68% of holders stayed 2+ years

■ 68% veterans ■ 10% 1-2yr ■ 22% new
Of 312 current holders: 211 (68%) 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.
✅

Strong quality — 33% AUM from major funds

33% from top-100 AUM funds
51 of 305 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.8
out of 10
Low Exit Risk
Exit risk score 2.8/10 — 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 — NEOG

In 2026 Q1, 152 hedge funds were net buyers of NEOG (48 opened a new position, 104 added to an existing one), while 139 reduced or exited (95 trimmed, 44 sold completely) — a 52% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 33% of total institutional value in NEOG is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +4 funds (more new holders than closures). Total institutional holders: 305.

Hedge Fund Ownership: NEOG

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

Market Analysis: NEOG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NEOG

-- --

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

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

Signal Freshness measures how much NEOG 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 · 74d ago
NEOG
-2.0%
XLV
+4.9%

NEOG outperformed XLV by -6.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 29d ago
NEOG
+4.7%
XLV
+6.0%

Since the filing became public, NEOG outperformed XLV by -1.3% .

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.

27 top-rated funds 0 high-conviction
Consensus
6.3
/ 10
breadth
×
Elite
1.5
/ 10
conviction
Hedge Fund Positioning: NEOG
303 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 303 301 0.66%
13F Shares 234M 218M 7.51%
Total Value $1.98B $1.52B 30.6%
New Positions 47 53 -6
Increased Positions 103 83 +20
Closed Positions 45 45 -
Reduced Positions 92 109 -17
Total Calls 4 5 -20.0%
Total Puts 5 3 66.67%
PUT/CALL Ratio 1.25 0.6 Bearish

Statistics: NEOG

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

303 + investors

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

QUARTER:
Top 25 NEOG holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Roubaix Capital, LLC 2.16% 498,424 $4.6M
2 Gates Capital Management, Inc. 1.59% 6,258,649 $58.1M
3 Clarkston Capital Partners, LLC 1.56% 2,204,788 $20.5M
4 Perkins Capital Management Inc 1.55% 178,000 $1.7M
5 SG Capital Management LLC 1.32% 2,136,724 $19.9M
6 Teton Advisors, LLC 1.19% 181,660 $1.7M
7 Samjo Management, LLC 1.15% 287,500 $2.7M
8 Mizuho Markets Americas LLC 0.89% 3,500,000 $32.5M
9 Brasada Capital Management, LP 0.65% 373,486 $3.6M
10 MUFG Securities EMEA plc 0.55% 4,000,011 $37.2M
11 ING Groep NV 0.51% 8,904,300 $82.7M
12 Heartland Advisors Inc 0.47% 1,000,000 $9.3M
13 Values First Advisors, Inc. 0.44% 90,238 $838K
14 Round Rock Advisors LLC 0.34% 242,128 $2.2M
15 Grandeur Peak Global Advisors, LLC 0.32% 148,256 $1.4M
16 Kennedy Capital Management LLC 0.28% 1,447,497 $13.4M
17 ArrowMark Colorado Holdings LLC 0.24% 968,609 $9.0M
18 Hudson Bay Capital Management LP 0.21% 6,500,180 $60.4M
19 CenterBook Partners LP 0.18% 352,308 $3.3M
20 Bayforest Capital Ltd 0.16% 15,563 $145K
21 Intrinsic Edge Capital Management LLC 0.16% 102,492 $952K
22 Bamco Inc /Ny/ 0.14% 5,009,659 $46.5M
23 Hamrick Investment Counsel, llc 0.14% 26,991 $189K
24 IQ EQ FUND MANAGEMENT (IRELAND) Ltd 0.12% 173,255 $1.6M
25 Granahan Investment Management, LLC 0.11% 250,026 $2.3M
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 — Neogen Corp (NEOG)

What does the Smart Money Trend signal show for NEOG?

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

Slight buying edge — 52% buying: Last quarter: 152 funds bought or added vs 139 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 NEOG holders?

Strong quality — 33% AUM from major funds: 51 of 305 holders rank in the top 100 by AUM, accounting for 33% 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 NEOG?

60% of holders stayed for 2+ years: 182 out of 305 hedge funds have held NEOG 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 Neogen Corp (NEOG) following the 2026 Q1 hedge fund 13F filings?

As of today, NEOG has moved +4.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +6.0% for the XLV sector ETF — an outperformance of -1.3%. Since the quarter end (March 31, 2026), NEOG has gained -2.0% vs +4.9% 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.

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