Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Rigel Pharmaceuticals Inc (RIGL)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +8
Streak
1Q ▲
Buyers last Q
52%

Smart Money Signals — RIGL

Based on 156 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added RIGL 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.
📊

High ownership — 84% of 3.0Y peak

84% of all-time peak
156 funds currently hold this stock — 84% of the 3.0-year high of 185 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
+31 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 — 52% buying

89 buying81 selling
Last quarter: 89 funds bought or added vs 81 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.
📈

More new buyers each quarter (+22 vs last Q)

new funds entering per quarter
Funds opening a new RIGL position: 49 → 46 → 14 → 36. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌

Mixed — 26% long-term, 31% new

■ 26% conviction (2yr+) ■ 44% medium ■ 31% new
Of the 156 current holders: 40 (26%) held >2 years, 68 held 1–2 years, and 48 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💰

Value +49% but shares only +4% — price-driven

Value
+49%
Shares
+3%
Last quarter: the total dollar value of institutional holdings rose +49%, but actual share count only changed +4%. 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.
📊

Peak discovery — momentum slowing

20 → 49 → 46 → 14 → 36 new funds/Q
New funds entering each quarter: 49 → 46 → 14 → 36. RIGL is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
📊

Mixed cohorts — 5% veterans, 40% new entrants

■ 5% veterans ■ 55% 1-2yr ■ 40% new
Of 159 current holders: 8 (5%) held 2+ years, 87 held 1–2 years, 64 (40%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆

Elite ownership — 49% AUM from top-100 funds

49% from top-100 AUM funds
43 of 154 holders are among the 100 largest funds by AUM, controlling 49% of total institutional value in RIGL. 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 — RIGL

In 2026 Q2, 89 hedge funds were net buyers of RIGL (36 opened a new position, 53 added to an existing one), while 81 reduced or exited (53 trimmed, 28 sold completely) — a 52% buyer ratio, indicating a slight buying edge. 49% of total institutional value in RIGL is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +8 funds (more new holders than closures). Total institutional holders: 156.

Hedge Fund Ownership: RIGL

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

Market Analysis: RIGL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: RIGL

-- --

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

10 top-rated funds 2 high-conviction
Consensus
4.5
/ 10
breadth
×
Elite
2.6
/ 10
conviction
Hedge Fund Positioning: RIGL
153 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 153 148 3.38%
13F Shares 17M 16M 3.68%
Total Value $591M $396M 49.18%
New Positions 36 14 +22
Increased Positions 51 66 -15
Closed Positions 29 51 -22
Reduced Positions 52 45 +7
Total Calls 3 3 -
Total Puts 2 2 -
PUT/CALL Ratio 0.67 0.67 Bullish

Statistics: RIGL

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Financial Highlights

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Institutional Holders (2026 Q2)

153 + investors

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

QUARTER:
Top 25 RIGL holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 CM Management, LLC 6.21% 250,000 $9.8M
2 Soleus Capital Management, L.P. 2.49% 1,843,504 $72.1M
3 Lionhunter Capital Management, LLC 1.11% 63,045 $2.5M
4 Armistice Capital, LLC 0.80% 1,672,000 $65.4M
5 Globeflex Capital L P 0.56% 112,672 $4.4M
6 Virtus Investment Advisers, LLC 0.32% 35,400 $1.4M
7 CenterBook Partners LP 0.21% 109,575 $4.3M
8 Sierra Summit Advisors LLC 0.14% 31,876 $1.2M
9 Diadema Partners LP 0.11% 22,816 $893K
10 Hennion & Walsh Asset Management, Inc. 0.10% 87,844 $3.4M
11 Bridgeway Capital Management, LLC 0.09% 124,184 $4.9M
12 Persistent Asset Partners Ltd 0.07% 5,821 $228K
13 NJ State Employees Deferred Compensation Plan 0.06% 20,000 $567K
14 Burney Co/ 0.06% 55,769 $2.2M
15 Ritholtz Wealth Management 0.06% 94,450 $3.7M
16 Pale Fire Capital SE 0.04% 14,252 $558K
17 O'shaughnessy Asset Management, LLC 0.02% 131,177 $5.1M
18 Aquatic Capital Management LLC 0.02% 17,233 $674K
19 Segall Bryant & Hamill, LLC 0.02% 45,878 $1.8M
20 Empowered Funds, LLC 0.02% 79,184 $3.1M
21 Truvestments Capital LLC 0.01% 2,387 $93K
22 American Century Companies Inc 0.01% 741,718 $29.0M
23 OMERS ADMINISTRATION Corp 0.01% 51,900 $2.0M
24 Engineers Gate Manager LP 0.01% 23,866 $934K
25 Nomura Asset Management International INC. 0.01% 195,000 $7.6M
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 — Rigel Pharmaceuticals Inc (RIGL)

What does the Smart Money Trend signal show for RIGL?

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

Slight buying edge — 52% buying: Last quarter: 89 funds bought or added vs 81 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 RIGL holders?

Elite ownership — 49% AUM from top-100 funds: 43 of 154 holders are among the 100 largest funds by AUM, controlling 49% of total institutional value in RIGL. 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 RIGL?

Mixed — 26% long-term, 31% new: Of the 156 current holders: 40 (26%) held >2 years, 68 held 1–2 years, and 48 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

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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