Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

GLOBAL X FDS (NORW)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +26
Streak
1Q ▲
Buyers last Q
88%

Smart Money Signals — NORW

Based on 49 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added NORW 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
49 hedge funds hold NORW 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 — +63% more funds vs a year ago

fund count last 6Q
+19 new funds entered over the past year (+63% 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 — 88% buying

35 buying5 selling
Last quarter: 35 funds were net buyers (27 opened a brand new position + 8 added to an existing one). Only 5 were sellers (4 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+25 vs last Q)

new funds entering per quarter
Funds opening a new NORW position: 6 → 4 → 2 → 27. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

41% of holders stayed for 2+ years

■ 41% conviction (2yr+) ■ 14% medium ■ 45% new
20 out of 49 hedge funds have held NORW 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 +963% but shares only +754% — price-driven

Value
+962%
Shares
+754%
Last quarter: the total dollar value of institutional holdings rose +963%, but actual share count only changed +754%. 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.
🚀

Acceleration phase — new buyers rushing in

12 → 6 → 4 → 2 → 27 new funds/Q
New funds entering each quarter: 6 → 4 → 2 → 27. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Deep conviction — 49% of holders stayed 2+ years

■ 49% veterans ■ 10% 1-2yr ■ 41% new
Of 49 current holders: 24 (49%) 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.
🏆

Elite ownership — 55% AUM from top-100 funds

55% from top-100 AUM funds
15 of 49 holders are among the 100 largest funds by AUM, controlling 55% of total institutional value in NORW. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.6
out of 10
Moderate Exit Risk
Exit risk score 4.6/10 — 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 — NORW

In 2026 Q1, 35 hedge funds were net buyers of NORW (27 opened a new position, 8 added to an existing one), while 5 reduced or exited (4 trimmed, 1 sold completely) — a 88% buyer ratio, indicating clear institutional accumulation. 55% of total institutional value in NORW is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +26 funds (more new holders than closures). Total institutional holders: 49.

Hedge Fund Ownership: NORW

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

Market Analysis: NORW

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NORW

-- --

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

Is It Too Late to Buy GLOBAL X FDS (NORW) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NORW has moved relative to its sector benchmark (SPY) 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 · 52d ago
NORW
+3.4%
SPY
+14.0%

NORW outperformed SPY by -10.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 7d ago
NORW
+1.2%
SPY
+0.3%

Since the filing became public, NORW outperformed SPY by +0.9% .

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.

6 top-rated funds 0 high-conviction
Consensus
3.7
/ 10
breadth
×
Elite
0.1
/ 10
conviction
Hedge Fund Positioning: NORW
49 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 49 23 113.04%
13F Shares 1M 152K 754.36%
Total Value $49M $5M 962.87%
New Positions 27 2 +25
Increased Positions 8 4 +4
Closed Positions 1 6 -5
Reduced Positions 4 5 -1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NORW

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

49 + investors

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

QUARTER:
Top 25 institutional holders of NORW — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Fortis Group Advisors, LLC 0.29% 45,661 $1.8M
2 PRIMORIS WEALTH ADVISORS, LLC 0.28% 10,500 $401K
3 Redhawk Wealth Advisors, Inc. 0.24% 57,226 $2.2M
4 Lunt Capital Management, Inc. 0.11% 7,665 $293K
5 B. Riley Wealth Advisors, Inc. 0.10% 43,762 $1.6M
6 Ball & Co Wealth Management Inc. 0.07% 2,109 —
7 Total Clarity Wealth Management, Inc. 0.05% 5,813 $222K
8 Geneos Wealth Management Inc. 0.05% 56,221 $2.1M
9 GRIFFIN ASSET MANAGEMENT, INC. 0.04% 8,736 $334K
10 FOUNDATIONS INVESTMENT ADVISORS, LLC 0.03% 69,945 $2.7M
11 Sageworth Trust Co 0.03% 17,530 $670K
12 FLOW TRADERS U.S. LLC 0.02% 19,519 —
13 AlTi Global, Inc. 0.02% 18,232 $697K
14 Belpointe Asset Management LLC 0.01% 7,762 $297K
15 Cresset Asset Management, LLC 0.00% 30,053 $1.1M
16 PRIVATE TRUST CO NA 0.00% 1,376 $53K
17 Spire Wealth Management 0.00% 3,555 $136K
18 HIGHLINE WEALTH PARTNERS LLC 0.00% 350 $13K
19 LOOMIS SAYLES & CO L P 0.00% 61,190 $2.3M
20 JANE STREET GROUP, LLC 0.00% 460,000 $17.6M
21 Equitable Holdings, Inc. 0.00% 8,566 $327K
22 EP Wealth Advisors, LLC 0.00% 8,277 $316K
23 HighTower Advisors, LLC 0.00% 31,613 $1.2M
24 OSAIC HOLDINGS, INC. 0.00% 22,810 $872K
25 LPL Financial LLC 0.00% 122,902 $4.7M
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 — GLOBAL X FDS (NORW)

What does the Smart Money Trend signal show for NORW?

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

More buyers than sellers — 88% buying: Last quarter: 35 funds were net buyers (27 opened a brand new position + 8 added to an existing one). Only 5 were sellers (4 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for NORW holders?

Elite ownership — 55% AUM from top-100 funds: 15 of 49 holders are among the 100 largest funds by AUM, controlling 55% of total institutional value in NORW. 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 NORW?

41% of holders stayed for 2+ years: 20 out of 49 hedge funds have held NORW 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 GLOBAL X FDS (NORW) following the 2026 Q1 hedge fund 13F filings?

As of today, NORW has moved +1.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of +0.9%. Since the quarter end (March 31, 2026), NORW has gained +3.4% vs +14.0% for SPY. 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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