Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Novocure Ltd (NVCR)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -14
Streak
3Q ▼
Buyers last Q
46%

Smart Money Signals — NVCR

Based on 221 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds reduced or closed their NVCR positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 89% of 3.0Y peak

89% of all-time peak
221 funds currently hold this stock — 89% of the 3.0-year high of 249 funds (reached 2023 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 4% fewer funds vs a year ago

fund count last 6Q
9 fewer hedge funds hold NVCR compared to a year ago (-4% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 46% buying

112 buying130 selling
Last quarter: 130 funds reduced or exited vs 112 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-7 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 46 → 44 → 45 → 38. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

66% of holders stayed for 2+ years

■ 66% conviction (2yr+) ■ 19% medium ■ 15% new
146 out of 221 hedge funds have held NVCR 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 +3%, value -17%

Value
-16%
Shares
+2%
Last quarter: funds added +3% more shares while total portfolio value only changed -17%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~38 new funds/quarter

40 → 46 → 44 → 45 → 38 new funds/Q
New funds entering each quarter: 46 → 44 → 45 → 38. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 72% of holders stayed 2+ years

■ 72% veterans ■ 9% 1-2yr ■ 19% new
Of 228 current holders: 164 (72%) 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 — 44% AUM from top-100 funds

44% from top-100 AUM funds
50 of 221 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in NVCR. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — 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 — NVCR

In 2026 Q1, 112 hedge funds were net buyers of NVCR (38 opened a new position, 74 added to an existing one), while 130 reduced or exited (78 trimmed, 52 sold completely) — a 46% buyer ratio, indicating roughly balanced activity. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 44% of total institutional value in NVCR is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -14 funds (more exits than new entries). Total institutional holders: 221.

Hedge Fund Ownership: NVCR

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

Market Analysis: NVCR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NVCR

-- --

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

Is It Too Late to Buy Novocure Ltd (NVCR) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NVCR 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
NVCR
+63.1%
XLV
+4.9%

NVCR outperformed XLV by +58.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 29d ago
NVCR
+1.1%
XLV
+6.0%

Since the filing became public, NVCR outperformed XLV by -4.9% .

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.

23 top-rated funds 1 high-conviction
Consensus
6.0
/ 10
breadth
×
Elite
1.1
/ 10
conviction
Hedge Fund Positioning: NVCR
220 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 220 235 -6.38%
13F Shares 100M 97M 2.8%
Total Value $1.04B $1.25B -16.88%
New Positions 37 45 -8
Increased Positions 74 95 -21
Closed Positions 52 50 +2
Reduced Positions 76 63 +13
Total Calls 5 5 -
Total Puts 3 2 50.0%
PUT/CALL Ratio 0.6 0.4 Bullish

Statistics: NVCR

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
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) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

220 + investors

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

QUARTER:
Top 25 NVCR holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Soleus Capital Management, L.P. 4.63% 10,492,391 $114.4M
2 Palo Alto Investors LP 2.13% 1,280,439 $14.0M
3 Birchview Capital, LP 1.26% 202,330 $2.2M
4 Essex Investment Management Co LLC 0.78% 452,370 $4.9M
5 Washington Capital Management, Inc 0.30% 32,400 $353K
6 Rhenman & Partners Asset Management AB 0.09% 70,000 $763K
7 Prosight Management, LP 0.09% 50,400 $549K
8 Legato Capital Management LLC 0.08% 82,128 $895K
9 Counterpoint Mutual Funds LLC 0.08% 49,382 $538K
10 Fox Run Management, L.L.C. 0.08% 42,989 $445K
11 Eversept Partners, LP 0.08% 134,917 $1.5M
12 Vestal Point Capital, LP 0.08% 250,000 $2.7M
13 Silvercrest Asset Management Group LLC 0.06% 784,805 $8.6M
14 Jacobs Levy Equity Management, Inc 0.06% 1,331,492 $14.5M
15 Jump Financial, LLC 0.05% 368,377 $4.0M
16 Quantinno Capital Management LP 0.05% 2,487,376 $27.1M
17 Hillsdale Investment Management Inc. 0.04% 121,800 $1.3M
18 Inscription Capital, LLC 0.03% 29,689 $324K
19 Engineers Gate Manager LP 0.03% 218,300 $2.4M
20 Numerai GP LLC 0.03% 26,926 $293K
21 Kera Capital Partners, Inc. 0.03% 21,454 $234K
22 Renaissance Technologies LLC 0.03% 1,551,554 $16.9M
23 Y-Intercept (Hong Kong) Ltd 0.03% 127,780 $1.4M
24 Susquehanna Portfolio Strategies, LLC 0.02% 139,700 $1.5M
25 Hennion & Walsh Asset Management, Inc. 0.02% 54,891 $598K
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 — Novocure Ltd (NVCR)

What does the Smart Money Trend signal show for NVCR?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their NVCR 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 NVCR?

More sellers than buyers — 46% buying: Last quarter: 130 funds reduced or exited vs 112 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for NVCR holders?

Elite ownership — 44% AUM from top-100 funds: 50 of 221 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in NVCR. 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 NVCR?

66% of holders stayed for 2+ years: 146 out of 221 hedge funds have held NVCR 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 Novocure Ltd (NVCR) following the 2026 Q1 hedge fund 13F filings?

As of today, NVCR has moved +1.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +6.0% for the XLV sector ETF — an outperformance of -4.9%. Since the quarter end (March 31, 2026), NVCR has gained +63.1% 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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