Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Praxis Precision Medicines I (PRAX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +40
Streak
3Q ▲
Buyers last Q
64%

Smart Money Signals — PRAX

Based on 292 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added PRAX 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
292 hedge funds hold PRAX 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 — +93% more funds vs a year ago

fund count last 6Q
+141 new funds entered over the past year (+93% 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 — 64% buying

198 buying113 selling
Last quarter: 198 funds were net buyers (76 opened a brand new position + 122 added to an existing one). Only 113 were sellers (77 trimmed + 36 sold completely). A clear majority buying is a strong confirmation signal.
⚠️

Fewer new buyers each quarter (-40 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 24 → 27 → 116 → 76. 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.
🔄

Mostly new holders — 51% entered in last year

■ 18% conviction (2yr+) ■ 31% medium ■ 51% new
Only 53 funds (18%) 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.
🚀

Acceleration phase — new buyers rushing in

35 → 24 → 27 → 116 → 76 new funds/Q
New funds entering each quarter: 24 → 27 → 116 → 76. 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.
📊

Mixed cohorts — 19% veterans, 51% new entrants

■ 19% veterans ■ 29% 1-2yr ■ 51% new
Of 303 current holders: 58 (19%) held 2+ years, 89 held 1–2 years, 156 (51%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅

Strong quality — 29% AUM from major funds

29% from top-100 AUM funds
51 of 283 holders rank in the top 100 by AUM, accounting for 29% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
5.9
out of 10
Moderate Exit Risk
Exit risk score 5.9/10 — 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 — PRAX

In 2026 Q1, 198 hedge funds were net buyers of PRAX (76 opened a new position, 122 added to an existing one), while 113 reduced or exited (77 trimmed, 36 sold completely) — a 64% buyer ratio, indicating clear institutional accumulation. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 29% of total institutional value in PRAX is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +40 funds (more new holders than closures). Total institutional holders: 292.

Hedge Fund Ownership: PRAX

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

Market Analysis: PRAX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PRAX

-- --

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

Is It Too Late to Buy Praxis Precision Medicines I (PRAX) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much PRAX 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 · 81d ago
PRAX
nan%
XLV
+2.1%

PRAX outperformed XLV by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 36d ago
PRAX
nan%
XLV
+3.2%

Since the filing became public, PRAX outperformed XLV by nan% .

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.

24 top-rated funds 13 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
4.6
/ 10
conviction
Hedge Fund Positioning: PRAX
289 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 289 252 14.68%
13F Shares 29M 31M -5.56%
Total Value $9.08B $8.83B 2.82%
New Positions 74 116 -42
Increased Positions 120 88 +32
Closed Positions 37 14 +23
Reduced Positions 73 45 +28
Total Calls 7 10 -30.0%
Total Puts 13 12 8.33%
PUT/CALL Ratio 1.86 1.2 Bearish

Statistics: PRAX

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
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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)

289 + investors

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

QUARTER:
Top 25 PRAX holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 72 Investment Holdings, LLC 42.83% 65,933 $21.2M
2 Velan Capital Investment Management LP 20.34% 100,781 $32.5M
3 Acuta Capital Partners, LLC 19.30% 84,901 $27.4M
4 Cormorant Asset Management, LP 14.33% 885,500 $285.3M
5 Perceptive Advisors LLC 12.83% 2,035,986 $656.0M
6 KVP Capital Advisors, LP 10.32% 42,900 $13.8M
7 Vivo Capital, LLC 9.11% 338,895 $109.2M
8 Lion Point Capital, LP 8.57% 4,450 $1.4M
9 Ally Bridge Group (NY) LLC 8.54% 32,810 $10.6M
10 B Group, Inc. 7.94% 33,237 $10.7M
11 Exome Asset Management LLC 7.58% 45,469 $14.6M
12 University of Wisconsin Foundation 7.21% 25,215 $8.1M
13 Ishara Investments LP 6.88% 22,550 $7.3M
14 Ishara Investments LP 6.25% 20,500 $6.6M
15 Logos Global Management LP 4.58% 285,000 $91.8M
16 Soleus Capital Management, L.P. 4.31% 330,517 $106.5M
17 Deerfield Management Company, L.P. 3.66% 963,351 $310.4M
18 Stempoint Capital LP 3.52% 56,267 $18.1M
19 Orbis Allan Gray Ltd 3.36% 2,472,480 $796.6M
20 Baker BROS. Advisors LP 3.24% 1,753,198 $564.9M
21 Affinity Asset Advisors, LLC 2.83% 170,000 $54.8M
22 Silverarc Capital Management, LLC 2.35% 71,552 $23.1M
23 HighVista Strategies LLC 2.34% 26,323 $8.5M
24 Driehaus Capital Management LLC 2.25% 949,225 $305.8M
25 Boxer Capital Management, LLC 1.97% 46,457 $15.0M
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 — Praxis Precision Medicines I (PRAX)

What does the Smart Money Trend signal show for PRAX?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added PRAX 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 PRAX?

More buyers than sellers — 64% buying: Last quarter: 198 funds were net buyers (76 opened a brand new position + 122 added to an existing one). Only 113 were sellers (77 trimmed + 36 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for PRAX holders?

Strong quality — 29% AUM from major funds: 51 of 283 holders rank in the top 100 by AUM, accounting for 29% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held PRAX?

Mostly new holders — 51% entered in last year: Only 53 funds (18%) 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 Praxis Precision Medicines I (PRAX) following the 2026 Q1 hedge fund 13F filings?

As of today, PRAX has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +3.2% for the XLV sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), PRAX has gained nan% vs +2.1% 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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