Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Sangoma Technologies Corp (SANG)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +1
Streak
3Q ▲
Buyers last Q
40%

Smart Money Signals — SANG

Based on 22 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added SANG 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 — 88% of 3.0Y peak

88% of all-time peak
22 funds currently hold this stock — 88% of the 3.0-year high of 25 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding SANG is almost the same as a year ago (+0 funds, +0% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 40% buying

8 buying12 selling
Last quarter: 12 funds reduced or exited vs 8 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.
➡️

Steady new buyers — ~2 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 2 → 2 → 2 → 2. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 23% medium ■ 14% new
14 out of 22 hedge funds have held SANG 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

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

Veteran-anchored — 64% veterans vs 9% newcomers

■ 64% veterans ■ 27% 1-2yr ■ 9% new
Entry-cohort mix of 22 holders: 14 (64%) are 2+ year veterans, 6 entered 1–2 years ago, and 2 (9%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 4% AUM from top-100

4% from top-100 AUM funds
6 of 22 holders rank in the top 100 by AUM, but together hold only 4% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — 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 — SANG

In 2026 Q2, 8 hedge funds were net buyers of SANG (2 opened a new position, 6 added to an existing one), while 12 reduced or exited (11 trimmed, 1 sold completely) — a 40% buyer ratio, indicating roughly balanced activity. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 22.

Hedge Fund Ownership: SANG

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

Market Analysis: SANG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SANG

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

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Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

0 top-rated funds 0 high-conviction
Consensus
0.0
/ 10
breadth
×
Elite
0.4
/ 10
conviction
Hedge Fund Positioning: SANG
22 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 22 21 4.76%
13F Shares 8M 7M 8.59%
Total Value $28M $27M 5.74%
New Positions 2 2 -
Increased Positions 6 8 -2
Closed Positions 1 1 -
Reduced Positions 11 9 +2
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: SANG

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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

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Profit Margin --
Return on Assets (ttm) --
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Institutional Holders (2026 Q2)

22 + investors

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

QUARTER:
Top 20 SANG holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Ppm America Inc/Il 16.91% 688,523 $2.5M
2 PenderFund Capital Management Ltd. 2.14% 4,386,194 $16.7M
3 Ewing Morris & Co. Investment Partners Ltd. 1.33% 668,854 $2.6M
4 Intact Investment Management INC. 0.08% 694,925 $2.7M
5 TD Waterhouse Canada Inc. 0.00% 457,133 $1.7M
6 Legacy Advisors, LLC 0.00% 10,000 $38K
7 Bard Associates Inc 0.00% 3,800 $14K
8 Connor, Clark & Lunn Investment Management Ltd. 0.00% 216,333 $809K
9 Arrowstreet Capital, Limited Partnership 0.00% 146,429 $558K
10 Tower Research Capital LLC (TRC) 0.00% 1,046 $4K
11 National Bank of Canada /Fi/ 0.00% 31,338 $110K
12 Royal Bank of Canada 0.00% 35,210 $133K
13 Federation des caisses Desjardins du Quebec 0.00% 1,834 $6K
14 Goldman Sachs Group Inc 0.00% 39,759 $150K
15 Citadel Advisors LLC 0.00% 20,913 $77K
16 Susquehanna International Group, LLP 0.00% 22,008 $81K
17 Jane Street Group, LLC 0.00% 18,613 $70K
18 Morgan Stanley 0.00% 19,700 $74K
19 SBI Securities Co., Ltd. 0.00% 3 —
20 UBS Group AG 0.00% 190 —
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 — Sangoma Technologies Corp (SANG)

What does the Smart Money Trend signal show for SANG?

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

More sellers than buyers — 40% buying: Last quarter: 12 funds reduced or exited vs 8 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 SANG holders?

Smaller funds dominant — 4% AUM from top-100: 6 of 22 holders rank in the top 100 by AUM, but together hold only 4% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held SANG?

64% of holders stayed for 2+ years: 14 out of 22 hedge funds have held SANG 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.

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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