Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Spdr Index Shs Fds (NZAC)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -3
Streak
1Q ▼
Buyers last Q
56%

Smart Money Signals — NZAC

Based on 40 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their NZAC 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 — 93% of 3.0Y peak

93% of all-time peak
40 funds currently hold this stock — 93% of the 3.0-year high of 43 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

Fast accumulation — +25% more funds vs a year ago

fund count last 6Q
+8 new funds entered over the past year (+25% 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.
🟡

Slight buying edge — 56% buying

20 buying16 selling
Last quarter: 20 funds bought or added vs 16 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.
⚠️

Fewer new buyers each quarter (-8 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 3 → 4 → 10 → 2. 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.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 22% medium ■ 18% new
24 out of 40 hedge funds have held NZAC 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.
➡️

Steady discovery — ~2 new funds/quarter

2 → 3 → 4 → 10 → 2 new funds/Q
New funds entering each quarter: 3 → 4 → 10 → 2. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 60% veterans vs 22% newcomers

■ 60% veterans ■ 18% 1-2yr ■ 22% new
Entry-cohort mix of 40 holders: 24 (60%) are 2+ year veterans, 7 entered 1–2 years ago, and 9 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 88% AUM from top-100 funds

88% from top-100 AUM funds
15 of 40 holders are among the 100 largest funds by AUM, controlling 88% of total institutional value in NZAC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — 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 — NZAC

In 2026 Q1, 20 hedge funds were net buyers of NZAC (2 opened a new position, 18 added to an existing one), while 16 reduced or exited (11 trimmed, 5 sold completely) — a 56% buyer ratio, indicating a slight buying edge. 88% of total institutional value in NZAC is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -3 funds (more exits than new entries). Total institutional holders: 40.

Hedge Fund Ownership: NZAC

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

Market Analysis: NZAC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NZAC

-- --

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

Is It Too Late to Buy Spdr Index Shs Fds (NZAC) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NZAC 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 · 77d ago
NZAC
+13.8%
SPY
+15.9%

NZAC outperformed SPY by -2.1% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 32d ago
NZAC
+1.9%
SPY
+2.0%

Since the filing became public, NZAC outperformed SPY by -0.1% .

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.

1 top-rated funds 0 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
0.3
/ 10
conviction
Hedge Fund Positioning: NZAC
40 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 40 43 -6.98%
13F Shares 2M 2M 4.88%
Total Value $72M $78M -7.77%
New Positions 2 10 -8
Increased Positions 18 12 +6
Closed Positions 5 2 +3
Reduced Positions 11 14 -3
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NZAC

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Valuation Measures Data as of: --

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

Financial Highlights

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Institutional Holders (2026 Q1)

40 + investors

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

QUARTER:
Top 25 NZAC holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Invera Wealth Advisors, LLC 0.43% 16,406 $667K
2 Fingerlakes Wealth Management, Inc. 0.32% 11,711 $476K
3 CWC Advisors, LLC. 0.19% 10,005 $407K
4 Wealth Analytics Partners, LLC 0.16% 9,674 $393K
5 Larch Capital Partners LLC 0.14% 23,470 $954K
6 Monument Group Wealth Advisors, LLC 0.13% 5,840 $237K
7 Harbor Asset Planning, Inc. 0.10% 3,004 $122K
8 Ballast Advisors LLC 0.01% 948 $39K
9 Private Wealth Management Group, LLC 0.01% 526 $21K
10 Wealthcare Advisory Partners LLC 0.01% 6,444 $262K
11 PNC Financial Services Group, INC. 0.00% 190,081 $7.7M
12 Smartleaf Asset Management LLC 0.00% 2,192 $86K
13 Integrated Wealth Concepts LLC 0.00% 8,850 $360K
14 Harbour Investments, INC. 0.00% 3,935 $160K
15 Mather Group, LLC. 0.00% 5,400 $219K
16 United Capital Financial Advisors, LLC 0.00% 8,224 $334K
17 Truist Financial Corp 0.00% 34,387 $1.4M
18 Golden State Wealth Management, LLC 0.00% 280 $11K
19 LPL Financial LLC 0.00% 69,208 $2.8M
20 Envestnet Asset Management Inc 0.00% 52,231 $2.1M
21 Aptus Capital Advisors, LLC 0.00% 1,618 $66K
22 Raymond James Financial Inc 0.00% 36,564 $1.5M
23 Mariner, LLC 0.00% 8,086 $329K
24 Cwm, LLC 0.00% 3,445 $140K
25 AdvisorNet Financial, Inc 0.00% 159 $6K
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 — Spdr Index Shs Fds (NZAC)

What does the Smart Money Trend signal show for NZAC?

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

Slight buying edge — 56% buying: Last quarter: 20 funds bought or added vs 16 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 NZAC holders?

Elite ownership — 88% AUM from top-100 funds: 15 of 40 holders are among the 100 largest funds by AUM, controlling 88% of total institutional value in NZAC. 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 NZAC?

60% of holders stayed for 2+ years: 24 out of 40 hedge funds have held NZAC 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 Spdr Index Shs Fds (NZAC) following the 2026 Q1 hedge fund 13F filings?

As of today, NZAC has moved +1.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.0% for the SPY sector ETF — an outperformance of -0.1%. Since the quarter end (March 31, 2026), NZAC has gained +13.8% vs +15.9% 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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