Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Sphere Entertainment Co (SPHR)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +64
Streak
4Q ▲
Buyers last Q
58%

Smart Money Signals — SPHR

Based on 377 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added SPHR 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
377 hedge funds hold SPHR 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 — +77% more funds vs a year ago

fund count last 6Q
+164 new funds entered over the past year (+77% 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 — 58% buying

216 buying156 selling
Last quarter: 216 funds bought or added vs 156 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 (+23 vs last Q)

new funds entering per quarter
Funds opening a new SPHR position: 42 → 65 → 81 → 104. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

40% of holders stayed for 2+ years

■ 40% conviction (2yr+) ■ 25% medium ■ 35% new
152 out of 377 hedge funds have held SPHR 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 +22% but shares only +1% — price-driven

Value
+22%
Shares
+1%
Last quarter: the total dollar value of institutional holdings rose +22%, but actual share count only changed +1%. 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

27 → 42 → 65 → 81 → 104 new funds/Q
New funds entering each quarter: 42 → 65 → 81 → 104. 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.
🏛️

Deep conviction — 55% of holders stayed 2+ years

■ 55% veterans ■ 11% 1-2yr ■ 34% new
Of 393 current holders: 217 (55%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 33% AUM from major funds

33% from top-100 AUM funds
49 of 377 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.8
out of 10
Moderate Exit Risk
Exit risk score 4.8/10 — 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 — SPHR

In 2026 Q1, 216 hedge funds were net buyers of SPHR (104 opened a new position, 112 added to an existing one), while 156 reduced or exited (116 trimmed, 40 sold completely) — a 58% buyer ratio, indicating a slight buying edge. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 33% of total institutional value in SPHR is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +64 funds (more new holders than closures). Total institutional holders: 377.

Hedge Fund Ownership: SPHR

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

Market Analysis: SPHR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SPHR

-- --

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

Is It Too Late to Buy Sphere Entertainment Co (SPHR) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much SPHR has moved relative to its sector benchmark (XLC) 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 · 76d ago
SPHR
+31.5%
XLC
+1.2%

SPHR outperformed XLC by +30.3% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 31d ago
SPHR
+14.9%
XLC
-3.4%

Since the filing became public, SPHR outperformed XLC by +18.3% .

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.

32 top-rated funds 7 high-conviction
Consensus
6.6
/ 10
breadth
×
Elite
4.1
/ 10
conviction
Hedge Fund Positioning: SPHR
375 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 375 313 19.81%
13F Shares 36M 36M 1.3%
Total Value $4.14B $3.39B 21.95%
New Positions 102 81 +21
Increased Positions 105 94 +11
Closed Positions 40 33 +7
Reduced Positions 114 91 +23
Total Calls 7 15 -53.33%
Total Puts 11 12 -8.33%
PUT/CALL Ratio 1.57 0.8 Bearish

Statistics: SPHR

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

375 + investors

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

QUARTER:
Top 25 SPHR holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Islander Capital Partners, L.P. 8.39% 220,028 $25.8M
2 Morgens Waterfall Vintiadis & Co Inc 5.21% 36,000 $4.2M
3 O'Keefe Stevens Advisory, Inc. 4.89% 168,745 $19.8M
4 Jericho Capital Asset Management L.P. 4.52% 2,605,615 $305.9M
5 Metavasi Capital LP 4.17% 98,106 $11.5M
6 Ariel Investments, LLC 3.24% 2,462,309 $289.1M
7 Steadfast Capital Management LP 2.86% 711,661 $83.5M
8 Pacific Capital Partners Ltd 2.83% 24,407 $2.9M
9 Luxor Capital Group, LP 2.50% 305,021 $35.8M
10 Boyar Asset Management INC. 2.48% 37,113 $4.4M
11 Mane Global Capital Management LP 2.09% 172,826 $20.3M
12 Shannon River Fund Management LLC 1.64% 73,345 $8.6M
13 Pinnbrook Capital Management LP 1.31% 42,810 $5.0M
14 Creek Drive Management Group LLC 1.29% 48,400 $5.7M
15 Nearwater Capital Markets, Ltd 1.04% 375,000 $44.0M
16 Nicholas Investment Partners, LP 0.92% 108,750 $12.8M
17 Gamco Investors, INC. Et Al 0.92% 794,755 $93.3M
18 Washington Trust Advisors, Inc. 0.86% 90,444 $10.6M
19 Informed Momentum Co LLC 0.83% 60,983 $7.2M
20 Systematic Financial Management LP 0.80% 297,491 $34.9M
21 Gilder Gagnon Howe & Co LLC 0.79% 561,457 $65.9M
22 PDT Partners, LLC 0.77% 110,769 $13.0M
23 Osbon Capital Management LLC 0.74% 7,751 $910K
24 MYDA Advisors LLC 0.68% 35,000 $4.1M
25 Shellback Capital, LP 0.67% 40,000 $4.7M
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 — Sphere Entertainment Co (SPHR)

What does the Smart Money Trend signal show for SPHR?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added SPHR 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 SPHR?

Slight buying edge — 58% buying: Last quarter: 216 funds bought or added vs 156 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 SPHR holders?

Strong quality — 33% AUM from major funds: 49 of 377 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held SPHR?

40% of holders stayed for 2+ years: 152 out of 377 hedge funds have held SPHR 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 Sphere Entertainment Co (SPHR) following the 2026 Q1 hedge fund 13F filings?

As of today, SPHR has moved +14.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to -3.4% for the XLC sector ETF — an outperformance of +18.3%. Since the quarter end (March 31, 2026), SPHR has gained +31.5% vs +1.2% for XLC. 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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