Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Newsmax Inc (NMAX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +20
Streak
5Q ▲
Buyers last Q
63%

Smart Money Signals — NMAX

Based on 217 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 5 quarters in a row

last 6Q
For 5 consecutive quarters, more hedge funds added NMAX 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
217 hedge funds hold NMAX 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 — +538% more funds vs a year ago

fund count last 6Q
+183 new funds entered over the past year (+538% 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 — 63% buying

103 buying61 selling
Last quarter: 103 funds were net buyers (49 opened a brand new position + 54 added to an existing one). Only 61 were sellers (32 trimmed + 29 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+8 vs last Q)

new funds entering per quarter
Funds opening a new NMAX position: 135 → 51 → 41 → 49. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔄

Mostly new holders — 49% entered in last year

■ 2% conviction (2yr+) ■ 49% medium ■ 49% new
Only 4 funds (2%) 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.
💎

Buying through price weakness — shares +4%, value -79%

Value
-78%
Shares
+4%
Last quarter: funds added +4% more shares while total portfolio value only changed -79%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

34 → 135 → 51 → 41 → 49 new funds/Q
New funds entering each quarter: 135 → 51 → 41 → 49. NMAX is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🌱

Early stage — 98% of holders entered in last year

■ 2% veterans ■ 0% 1-2yr ■ 98% new
Of 222 current holders: 217 (98%) entered in the past year, only 5 (2%) 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.
🏆

Elite ownership — 50% AUM from top-100 funds

50% from top-100 AUM funds
32 of 217 holders are among the 100 largest funds by AUM, controlling 50% of total institutional value in NMAX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
5.5
out of 10
Moderate Exit Risk
Exit risk score 5.5/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 — NMAX

In 2026 Q1, 103 hedge funds were net buyers of NMAX (49 opened a new position, 54 added to an existing one), while 61 reduced or exited (32 trimmed, 29 sold completely) — a 63% buyer ratio, indicating clear institutional accumulation. This marks 5 consecutive quarters of net institutional buying — a persistent conviction signal. 50% of total institutional value in NMAX is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +20 funds (more new holders than closures). Total institutional holders: 217.

Hedge Fund Ownership: NMAX

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

Market Analysis: NMAX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NMAX

-- --

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

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

Signal Freshness measures how much NMAX has moved relative to its sector benchmark (XLC) 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 · 78d ago
NMAX
+43.7%
XLC
+0.7%

NMAX outperformed XLC by +43.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
NMAX
+4.2%
XLC
-3.8%

Since the filing became public, NMAX outperformed XLC by +8.0% .

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.

16 top-rated funds 1 high-conviction
Consensus
5.3
/ 10
breadth
×
Elite
0.9
/ 10
conviction
Hedge Fund Positioning: NMAX
212 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 212 197 7.61%
13F Shares 33M 31M 4.11%
Total Value $51M $243M -78.88%
New Positions 46 41 +5
Increased Positions 54 52 +2
Closed Positions 31 27 +4
Reduced Positions 30 35 -5
Total Calls 2 4 -50.0%
Total Puts 3 3 -
PUT/CALL Ratio 1.5 0.75 Bearish

Statistics: NMAX

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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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)

212 + investors

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

QUARTER:
Top 25 NMAX holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Denver PWM, LLC 0.23% 107,741 $683K
2 Defender Capital, LLC. 0.05% 27,257 $142K
3 Encompass More Asset Management 0.03% 37,997 $198K
4 Element Wealth, LLC 0.03% 14,280 $75K
5 Caitong International Asset Management Co., Ltd 0.03% 26,416 $138K
6 Royal Harbor Partners, LLC 0.02% 13,530 $71K
7 Abel Hall, LLC 0.02% 19,208 $100K
8 Fortem Financial Group, LLC 0.02% 14,175 $74K
9 Cove Private Wealth, LLC 0.02% 13,888 $72K
10 Axq Capital, LP 0.02% 23,559 $123K
11 Heck Capital Advisors, LLC 0.01% 27,635 $144K
12 Allegheny Financial Group 0.01% 13,267 $69K
13 Financial Consulate, Inc 0.01% 13,640 $71K
14 Entropy Technologies, LP 0.01% 35,280 $184K
15 PFS Partners, LLC 0.01% 3,414 $18K
16 Archer Investment Corp 0.01% 7,013 $37K
17 Dark Forest Capital Management LP 0.01% 14,454 $75K
18 Wellington Grp LLC 0.01% 2,525 $20K
19 XTX Topco Ltd 0.01% 69,555 $363K
20 Essential Partners LLC 0.01% 3,513 $18K
21 Wolff Wiese Magana LLC 0.01% 2,100 $11K
22 Rachor Investment Advisory Services, LLC 0.01% 2,030 $11K
23 Aquatic Capital Management LLC 0.01% 33,719 $176K
24 Owl Creek Wealth Partners LLC 0.00% 2,440 $13K
25 Quantbot Technologies LP 0.00% 17,748 $93K
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 — Newsmax Inc (NMAX)

What does the Smart Money Trend signal show for NMAX?

Buying streak — 5 quarters in a row: For 5 consecutive quarters, more hedge funds added NMAX 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 NMAX?

More buyers than sellers — 63% buying: Last quarter: 103 funds were net buyers (49 opened a brand new position + 54 added to an existing one). Only 61 were sellers (32 trimmed + 29 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for NMAX holders?

Elite ownership — 50% AUM from top-100 funds: 32 of 217 holders are among the 100 largest funds by AUM, controlling 50% of total institutional value in NMAX. 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 NMAX?

Mostly new holders — 49% entered in last year: Only 4 funds (2%) 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.

Is it too late to buy Newsmax Inc (NMAX) following the 2026 Q1 hedge fund 13F filings?

As of today, NMAX has moved +4.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to -3.8% for the XLC sector ETF — an outperformance of +8.0%. Since the quarter end (March 31, 2026), NMAX has gained +43.7% vs +0.7% for XLC. 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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