Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Sm Energy Company (SM)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +170
Streak
1Q ▲
Buyers last Q
79%

Smart Money Signals — SM

Based on 512 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added SM 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
512 hedge funds hold SM 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 — +27% more funds vs a year ago

fund count last 6Q
+108 new funds entered over the past year (+27% 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 — 79% buying

439 buying116 selling
Last quarter: 439 funds were net buyers (225 opened a brand new position + 214 added to an existing one). Only 116 were sellers (61 trimmed + 55 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+156 vs last Q)

new funds entering per quarter
Funds opening a new SM position: 37 → 57 → 69 → 225. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

50% of holders stayed for 2+ years

■ 50% conviction (2yr+) ■ 17% medium ■ 33% new
254 out of 512 hedge funds have held SM 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.
💰

Value +264% but shares only +100% — price-driven

Value
+263%
Shares
+99%
Last quarter: the total dollar value of institutional holdings rose +264%, but actual share count only changed +100%. 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.
🚀

Acceleration phase — new buyers rushing in

69 → 37 → 57 → 69 → 225 new funds/Q
New funds entering each quarter: 37 → 57 → 69 → 225. 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.
🏛️

Veteran-anchored — 58% veterans vs 31% newcomers

■ 58% veterans ■ 10% 1-2yr ■ 31% new
Entry-cohort mix of 532 holders: 311 (58%) are 2+ year veterans, 54 entered 1–2 years ago, and 167 (31%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 48% AUM from top-100 funds

48% from top-100 AUM funds
55 of 506 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in SM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — 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 — SM

In 2026 Q1, 439 hedge funds were net buyers of SM (225 opened a new position, 214 added to an existing one), while 116 reduced or exited (61 trimmed, 55 sold completely) — a 79% buyer ratio, indicating clear institutional accumulation. 48% of total institutional value in SM is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +170 funds (more new holders than closures). Total institutional holders: 512.

Hedge Fund Ownership: SM

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

Market Analysis: SM

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SM

-- --

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

Is It Too Late to Buy Sm Energy Company (SM) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much SM has moved relative to its sector benchmark (XLE) 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 · 75d ago
SM
-0.1%
XLE
-6.1%

SM outperformed XLE by +6.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
SM
-3.8%
XLE
-3.2%

Since the filing became public, SM outperformed XLE by -0.6% .

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.

32 top-rated funds 9 high-conviction
Consensus
6.6
/ 10
breadth
×
Elite
5.4
/ 10
conviction
Hedge Fund Positioning: SM
508 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 508 342 48.54%
13F Shares 226M 114M 99.14%
Total Value $7.75B $2.14B 262.71%
New Positions 222 69 +153
Increased Positions 209 111 +98
Closed Positions 56 103 -47
Reduced Positions 57 129 -72
Total Calls 15 8 87.5%
Total Puts 11 9 22.22%
PUT/CALL Ratio 0.73 1.12 Neutral

Statistics: SM

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Valuation Measures Data as of: --

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Enterprise Value --
Trailing P/E --
Forward P/E --
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

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

508 + investors

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

QUARTER:
Top 25 SM holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Fearnley Asset Management As 14.16% 1,389,562 $43.3M
2 Aristeia Capital, L.L.C. 7.01% 10,841,846 $338.0M
3 Webs Creek Capital Management LP 6.94% 1,285,300 $40.1M
4 Corigliano Investment Advisers, LLC 6.82% 560,000 $17.5M
5 Tiptree Advisors, LLC 4.34% 240,000 $7.5M
6 Donald Smith & CO., INC. 4.04% 7,208,899 $224.8M
7 Clg LLC 3.61% 466,175 $14.5M
8 Plustick Management LLC 3.16% 210,000 $6.5M
9 Aegis Financial Corp 2.96% 551,769 $17.2M
10 Expect Equity LLC 2.87% 95,806 $3.0M
11 Tieton Capital Management, LLC 1.98% 189,263 $5.9M
12 Truffle Hound Capital, LLC 1.94% 240,000 $7.5M
13 Collar Capital Management, LLC 1.65% 81,984 $2.6M
14 Pekin Hardy Strauss, Inc. 1.53% 469,785 $14.6M
15 Ironwood Investment Management LLC 1.24% 95,390 $3.0M
16 CoreCommodity Management, LLC 1.22% 210,852 $6.6M
17 Sagefield Capital LP 1.10% 491,296 $15.3M
18 Palisade Capital Management, LP 1.01% 972,255 $30.3M
19 Pickering Energy Partners LP 0.99% 15,000 $468K
20 Moody Aldrich Partners LLC 0.99% 176,512 $5.5M
21 Oxford Asset Management LLP 0.84% 62,836 $2.0M
22 Tanglewood Legacy Advisors, LLC 0.84% 74,323 $2.3M
23 Goehring & Rozencwajg Associates, LLC 0.82% 487,730 $15.2M
24 Lighthouse Investment Partners, LLC 0.79% 731,625 $22.8M
25 Dockside LLC 0.71% 90,066 $2.8M
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 — Sm Energy Company (SM)

What does the Smart Money Trend signal show for SM?

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

More buyers than sellers — 79% buying: Last quarter: 439 funds were net buyers (225 opened a brand new position + 214 added to an existing one). Only 116 were sellers (61 trimmed + 55 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for SM holders?

Elite ownership — 48% AUM from top-100 funds: 55 of 506 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in SM. 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 SM?

50% of holders stayed for 2+ years: 254 out of 512 hedge funds have held SM 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 Sm Energy Company (SM) following the 2026 Q1 hedge fund 13F filings?

As of today, SM has moved -3.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to -3.2% for the XLE sector ETF — an outperformance of -0.6%. Since the quarter end (March 31, 2026), SM has gained -0.1% vs -6.1% for XLE. 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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