INVESTMENT MANAGERS SER TR I (NVDS): Hedge Fund Ownership & Smart Money Signals (Q4 2025)

INVESTMENT MANAGERS SER TR I (NVDS)

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

Smart Money Signals — NVDS

Based on 8 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds reduced or closed their NVDS positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

🔻

Below peak — only 50% of 3.0Y high

50% of all-time peak

Only 8 funds hold NVDS today versus a peak of 16 funds at 2024 Q2 — just 50% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.

📉

Outflows — 11% fewer funds vs a year ago

fund count last 6Q

1 fewer hedge funds hold NVDS compared to a year ago (-11% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.

🔴

Heavy selling pressure — only 29% buying

5 buying12 selling

Last quarter: 12 funds sold vs only 5 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

➡️

Steady new buyers — ~3 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 6 → 3 → 6 → 3. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

50% of holders stayed for 2+ years

■ 50% conviction (2yr+) ■ 25% medium ■ 25% new

4 out of 8 hedge funds have held NVDS 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.

💰

Price up while funds trimmed (-27% value, -71% shares)

Value

-26%

-70%

Last quarter: total value of institutional NVDS holdings rose -27% even though funds reduced share count by 71%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.

➡️

Steady discovery — ~3 new funds/quarter

3 → 6 → 3 → 6 → 3 new funds/Q

New funds entering each quarter: 6 → 3 → 6 → 3. Consistent flow of new institutional buyers without clear acceleration or slowdown.

📊

Mixed cohorts — 10% veterans, 10% new entrants

■ 10% veterans ■ 80% 1-2yr ■ 10% new

Of 10 current holders: 1 (10%) held 2+ years, 8 held 1–2 years, 1 (10%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.

📋

Smaller funds dominant — 7% AUM from top-100

7% from top-100 AUM funds

2 of 8 holders rank in the top 100 by AUM, but together hold only 7% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

2.2

out of 10

Low Exit Risk

Exit risk score 2.2/10 — 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.

Metric	All 13F Filers (2025 Q4)	Prior (2025 Q3)	Change
Funds Holding	10	16	-37.5%
13F Shares	202K	692K	-70.79%
Total Value	$6M	$8M	-26.62%
New Positions	5	6	-1
Increased Positions	3	8	-5
Closed Positions	8	4	+4
Reduced Positions	5	8	-3
Total Calls	3	2	50.0%
Total Puts	1	2	-50.0%
PUT/CALL Ratio	0.33	1.0	Bullish

Metric

All 13F Filers (2025 Q4)

Prior (2025 Q3)

Change

Funds Holding

-37.5%

13F Shares

202K

692K

-70.79%

Total Value

$6M

$8M

-26.62%

New Positions

-1

Increased Positions

-5

Closed Positions

Reduced Positions

-3

Total Calls

50.0%

Total Puts

-50.0%

PUT/CALL Ratio

0.33

1.0

Bullish

Institutional Holders (2026 Q1)

10 + investors

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

FILTER:All New Added To Reduced No Change | Overweight >5% | SHOW: Active managers + show index funds

Top 10 institutional holders of NVDS — 2025 Q4 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Headlands Technologies LLC	0.02%	7,555	$212K
2	RENAISSANCE TECHNOLOGIES LLC	0.00%	20,466	$573K
3	Belvedere Trading LLC	0.00%	19,905	$558K
4	SUSQUEHANNA INTERNATIONAL GROUP, LLP	0.00%	130,100	$3.6M
5	Tower Research Capital LLC (TRC)	0.00%	126	$4K
6	CITADEL ADVISORS LLC	0.00%	7,156	$200K
7	Belvedere Trading LLC	0.00%	1,500	$21K
8	MORGAN STANLEY	0.00%	13,066	$366K
9	Belvedere Trading LLC	0.00%	900	$18K
10	UBS Group AG	0.00%	1,237	$35K

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 — INVESTMENT MANAGERS SER TR I (NVDS)

What does the Smart Money Trend signal show for NVDS?

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

Heavy selling pressure — only 29% buying: Last quarter: 12 funds sold vs only 5 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for NVDS holders?

Smaller funds dominant — 7% AUM from top-100: 2 of 8 holders rank in the top 100 by AUM, but together hold only 7% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held NVDS?

50% of holders stayed for 2+ years: 4 out of 8 hedge funds have held NVDS 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.

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.

Market Cap	--
Enterprise Value	--
Trailing P/E	--
Forward P/E	--
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	--

Profit Margin	--
Return on Assets (ttm)	--
Return on Equity (ttm)	--

Revenue (ttm)	--
Net Income Avi to Common (ttm)	--
Diluted EPS (ttm)	--
Total Cash (mrq)	--
Total Debt/Equity (mrq)	--
Levered Free Cash Flow (ttm)	--

INVESTMENT MANAGERS SER TR I (NVDS)

Smart Money Signals — NVDS

Selling streak — 1 quarter in a row

Below peak — only 50% of 3.0Y high

Outflows — 11% fewer funds vs a year ago

Heavy selling pressure — only 29% buying

Steady new buyers — ~3 new funds per quarter

50% of holders stayed for 2+ years

Price up while funds trimmed (-27% value, -71% shares)

Steady discovery — ~3 new funds/quarter

Mixed cohorts — 10% veterans, 10% new entrants

Smaller funds dominant — 7% AUM from top-100

Hedge Fund Ownership: NVDS

Market Analysis: NVDS

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: NVDS

Hedge Fund Positioning: NVDS

Statistics: NVDS

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — INVESTMENT MANAGERS SER TR I (NVDS)

Welcome to 13Foresight!