Sm Energy Company (SM) Hedge Fund Ownership (Q2 2026)

Sm Energy Company (SM)

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

Smart Money Signals — SM

Based on 489 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds reduced or closed their SM positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

🏔️

At the ownership peak (95% of max)

95% of all-time peak

489 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 — +32% more funds vs a year ago

fund count last 6Q

+118 new funds entered over the past year (+32% 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. The peak was reached in just 1 quarters from the low — a sharp move.

🟡

Slight buying edge — 52% buying

274 buying251 selling

Last quarter: 274 funds bought or added vs 251 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.

⚠️

Fewer new buyers each quarter (-153 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 57 → 69 → 225 → 72. 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.

🔒

52% of holders stayed for 2+ years

■ 52% conviction (2yr+) ■ 17% medium ■ 30% new

256 out of 489 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.

💎

Buying through price weakness — shares +6%, value -19%

Value

-18%

+6%

Last quarter: funds added +6% more shares while total portfolio value only changed -19%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.

🚀

Acceleration phase — new buyers rushing in

38 → 57 → 69 → 225 → 72 new funds/Q

New funds entering each quarter: 57 → 69 → 225 → 72. 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 — 60% veterans vs 27% newcomers

■ 60% veterans ■ 12% 1-2yr ■ 27% new

Entry-cohort mix of 511 holders: 309 (60%) are 2+ year veterans, 62 entered 1–2 years ago, and 140 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

🏆

Elite ownership — 59% AUM from top-100 funds

59% from top-100 AUM funds

57 of 488 holders are among the 100 largest funds by AUM, controlling 59% 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.

4.3

out of 10

Moderate Exit Risk

Exit risk score 4.3/10 — 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.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	485	513	-5.46%
13F Shares	233M	227M	2.8%
Total Value	$6.02B	$7.77B	-22.48%
New Positions	71	225	-154
Increased Positions	198	211	-13
Closed Positions	98	55	+43
Reduced Positions	149	57	+92
Total Calls	12	15	-20.0%
Total Puts	11	11	-
PUT/CALL Ratio	0.92	0.73	Neutral

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

485

513

-5.46%

13F Shares

233M

227M

2.8%

Total Value

$6.02B

$7.77B

-22.48%

New Positions

225

-154

Increased Positions

198

211

-13

Closed Positions

+43

Reduced Positions

149

+92

Total Calls

-20.0%

Total Puts

PUT/CALL Ratio

0.92

0.73

Neutral

Institutional Holders (2026 Q2)

485 + 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:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 SM holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Fearnley Asset Management As	14.04%	1,496,537	$39.1M
2	Webs Creek Capital Management LP	10.09%	2,040,529	$53.3M
3	Aristeia Capital, L.L.C.	4.41%	13,000,649	$339.3M
4	Smh Capital Advisors Inc	3.83%	37,399	$976K
5	Donald Smith & CO., INC.	3.53%	7,647,594	$199.6M
6	Aegis Financial Corp	3.21%	778,851	$20.3M
7	Plustick Management LLC	2.18%	225,000	$5.9M
8	Tiptree Advisors, LLC	1.94%	120,000	$3.1M
9	Pickering Energy Partners LP	1.70%	23,500	$613K
10	Expect Equity LLC	1.61%	95,806	$2.5M
11	Encompass Capital Advisors LLC	1.34%	1,448,061	$37.8M
12	Truffle Hound Capital, LLC	1.34%	240,000	$6.3M
13	Sagefield Capital LP	1.26%	652,363	$17.0M
14	Collar Capital Management, LLC	1.23%	79,651	$2.1M
15	Pekin Hardy Strauss, Inc.	1.12%	485,033	$12.7M
16	CoreCommodity Management, LLC	0.79%	152,802	$4.0M
17	Goehring & Rozencwajg Associates, LLC	0.77%	513,406	$13.4M
18	nVerses Capital, LLC	0.77%	19,188	$501K
19	Moody Aldrich Partners LLC	0.75%	159,611	$4.2M
20	Ironwood Investment Management LLC	0.74%	81,890	$2.1M
21	Hussman Strategic Advisors, INC.	0.63%	105,000	$2.7M
22	Dockside LLC	0.63%	103,036	$2.7M
23	Tanglewood Legacy Advisors, LLC	0.63%	74,323	$1.9M
24	SIR Capital Management, L.P.	0.55%	182,900	$4.8M
25	Commons Capital, LLC	0.55%	30,000	$783K

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?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their SM 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 SM?

Slight buying edge — 52% buying: Last quarter: 274 funds bought or added vs 251 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 SM holders?

Elite ownership — 59% AUM from top-100 funds: 57 of 488 holders are among the 100 largest funds by AUM, controlling 59% 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?

52% of holders stayed for 2+ years: 256 out of 489 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.

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.

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Sm Energy Company (SM)

Smart Money Signals — SM

Selling streak — 1 quarter in a row

At the ownership peak (95% of max)

Fast accumulation — +32% more funds vs a year ago

Slight buying edge — 52% buying

Fewer new buyers each quarter (-153 vs last Q)

52% of holders stayed for 2+ years

Buying through price weakness — shares +6%, value -19%

Acceleration phase — new buyers rushing in

Veteran-anchored — 60% veterans vs 27% newcomers

Elite ownership — 59% AUM from top-100 funds

Institutional Sentiment Summary — SM

Hedge Fund Ownership: SM

Market Analysis: SM

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: SM

Hedge Fund Positioning: SM

Statistics: SM

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Sm Energy Company (SM)

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