Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Scilex Holding Co (SCLX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -10
Streak
2Q ▼
Buyers last Q
32%

Smart Money Signals — SCLX

Based on 67 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their SCLX 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 — 70% of 3.0Y peak

70% of all-time peak
67 funds currently hold this stock — 70% of the 3.0-year high of 96 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 16% fewer funds vs a year ago

fund count last 6Q
13 fewer hedge funds hold SCLX compared to a year ago (-16% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🔴

Heavy selling pressure — only 32% buying

15 buying32 selling
Last quarter: 32 funds sold vs only 15 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️

Steady new buyers — ~7 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 31 → 27 → 11 → 7. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 28% long-term, 27% new

■ 28% conviction (2yr+) ■ 45% medium ■ 27% new
Of the 67 current holders: 19 (28%) held >2 years, 30 held 1–2 years, and 18 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.
💎

Buying through price weakness — shares -23%, value -58%

Value
-57%
Shares
-22%
Last quarter: funds added -23% more shares while total portfolio value only changed -58%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
⚠️

Saturation — most institutions already know this story

6 → 31 → 27 → 11 → 7 new funds/Q
New funds entering each quarter: 31 → 27 → 11 → 7. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.
📊

Mixed cohorts — 36% veterans, 49% new entrants

■ 36% veterans ■ 15% 1-2yr ■ 49% new
Of 67 current holders: 24 (36%) held 2+ years, 10 held 1–2 years, 33 (49%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
📋

Smaller funds dominant — 9% AUM from top-100

9% from top-100 AUM funds
13 of 67 holders rank in the top 100 by AUM, but together hold only 9% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — 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 — SCLX

In 2026 Q1, 15 hedge funds were net buyers of SCLX (7 opened a new position, 8 added to an existing one), while 32 reduced or exited (15 trimmed, 17 sold completely) — a 32% buyer ratio, indicating net institutional distribution. Net selling has persisted for two consecutive quarters. Net fund flow last quarter: -10 funds (more exits than new entries). Total institutional holders: 67.

Hedge Fund Ownership: SCLX

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

Market Analysis: SCLX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SCLX

-- --

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

Is It Too Late to Buy Scilex Holding Co (SCLX) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much SCLX 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
SCLX
+80.1%
XLV
+2.1%

SCLX outperformed XLV by +78.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 36d ago
SCLX
+18.8%
XLV
+3.2%

Since the filing became public, SCLX outperformed XLV by +15.6% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

10 top-rated funds 0 high-conviction
Consensus
4.5
/ 10
breadth
×
Elite
0.0
/ 10
conviction
Hedge Fund Positioning: SCLX
66 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 66 77 -14.29%
13F Shares 869K 1M -22.81%
Total Value $6M $14M -57.79%
New Positions 7 11 -4
Increased Positions 8 13 -5
Closed Positions 18 13 +5
Reduced Positions 15 15 -
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: SCLX

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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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Profit Margin --
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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

66 + investors

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

QUARTER:
Top 25 SCLX holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Armistice Capital, LLC 0.04% 297,706 $2.0M
2 Ashton Thomas Private Wealth, LLC 0.00% 17,989 $120K
3 XTX Topco Ltd 0.00% 22,606 $151K
4 Creative Financial Designs Inc /Adv 0.00% 1,853 $12K
5 Versant Capital Management, Inc 0.00% 761 $5K
6 Renaissance Technologies LLC 0.00% 36,864 $246K
7 Activest Wealth Management 0.00% 302 $2K
8 S&T Bank/Pa 0.00% 78 —
9 MCF Advisors LLC 0.00% 474 $3K
10 IFP Advisors, Inc 0.00% 576 $4K
11 Vanguard Fiduciary Trust Co 0.00% 39,658 $264K
12 Vanguard Capital Management LLC 0.00% 264,050 $1.8M
13 Sachetta, LLC 0.00% 12 —
14 New England Capital Financial Advisors LLC 0.00% 23 —
15 MetLife Investment Management, LLC 0.00% 1,090 $7K
16 GAMMA Investing LLC 0.00% 116 —
17 Pacifica Partners Inc. 0.00% 14 —
18 Operose Advisors LLC 0.00% 20 —
19 NFSG Corp 0.00% 24 —
20 Citigroup Inc 0.00% 8,954 $60K
21 Legacy Wealth Managment, LLC/ID 0.00% 6 —
22 SOA Wealth Advisors, LLC. 0.00% 13 —
23 Investors Portfolio Services LLC 0.00% 2 —
24 PFS Partners, LLC 0.00% 4 —
25 BlackRock, Inc. 0.00% 102,796 $685K
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 — Scilex Holding Co (SCLX)

What does the Smart Money Trend signal show for SCLX?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their SCLX 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 SCLX?

Heavy selling pressure — only 32% buying: Last quarter: 32 funds sold vs only 15 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 SCLX holders?

Smaller funds dominant — 9% AUM from top-100: 13 of 67 holders rank in the top 100 by AUM, but together hold only 9% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held SCLX?

Mixed — 28% long-term, 27% new: Of the 67 current holders: 19 (28%) held >2 years, 30 held 1–2 years, and 18 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.

Is it too late to buy Scilex Holding Co (SCLX) following the 2026 Q1 hedge fund 13F filings?

As of today, SCLX has moved +18.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to +3.2% for the XLV sector ETF — an outperformance of +15.6%. Since the quarter end (March 31, 2026), SCLX has gained +80.1% vs +2.1% for XLV. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to 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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