Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Sphere Entertainment Co (SPHR)

414 + 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
↑ +43
Streak
5Q ▲
Buyers last Q
55%

Smart Money Signals — SPHR

Based on 423 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 5 quarters in a row

last 6Q
For 5 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
423 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 — +91% more funds vs a year ago

fund count last 6Q
+202 new funds entered over the past year (+91% 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 — 55% buying

234 buying194 selling
Last quarter: 234 funds bought or added vs 194 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 (-8 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 65 → 83 → 105 → 97. 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.
📌

Mixed — 36% long-term, 38% new

■ 36% conviction (2yr+) ■ 27% medium ■ 38% new
Of the 423 current holders: 151 (36%) held >2 years, 113 held 1–2 years, and 159 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.
💰

Value +55% but shares only +19% — price-driven

Value
+55%
Shares
+18%
Last quarter: the total dollar value of institutional holdings rose +55%, but actual share count only changed +19%. 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.
📈

Growing discovery — still being found

42 → 65 → 83 → 105 → 97 new funds/Q
New funds entering each quarter: 65 → 83 → 105 → 97. A growing number of institutions are discovering SPHR each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 50% veterans vs 41% newcomers

■ 50% veterans ■ 9% 1-2yr ■ 41% new
Entry-cohort mix of 438 holders: 219 (50%) are 2+ year veterans, 38 entered 1–2 years ago, and 181 (41%) 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
53 of 420 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in SPHR. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.9
out of 10
Moderate Exit Risk
Exit risk score 4.9/10 — 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 Q2, 234 hedge funds were net buyers of SPHR (97 opened a new position, 137 added to an existing one), while 194 reduced or exited (140 trimmed, 54 sold completely) — a 55% buyer ratio, indicating a slight buying edge. This marks 5 consecutive quarters of net institutional buying — a persistent conviction signal. 48% of total institutional value in SPHR is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +43 funds (more new holders than closures). Total institutional holders: 423.

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 Q2 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 June 30, 2026 · 84d ago
SPHR
-16.1%
XLC
+7.5%

SPHR outperformed XLC by -23.6% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 39d ago
SPHR
-13.6%
XLC
+1.9%

Since the filing became public, SPHR outperformed XLC by -15.5% .

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.

20 top-rated funds 6 high-conviction
Consensus
5.7
/ 10
breadth
×
Elite
3.8
/ 10
conviction
Hedge Fund Positioning: SPHR
414 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 414 380 8.95%
13F Shares 38M 36M 4.58%
Total Value $6.41B $4.15B 54.6%
New Positions 96 105 -9
Increased Positions 129 107 +22
Closed Positions 59 39 +20
Reduced Positions 139 114 +25
Total Calls 9 7 28.57%
Total Puts 9 11 -18.18%
PUT/CALL Ratio 1.0 1.57 Neutral

Statistics: SPHR

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

414 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Islander Capital Partners, L.P. 13.81% 220,028 $38.1M
2 Morgens Waterfall Vintiadis & Co Inc 6.07% 46,000 $8.0M
3 O'Keefe Stevens Advisory, Inc. 6.00% 169,033 $29.2M
4 Jericho Capital Asset Management L.P. 3.73% 2,605,615 $450.8M
5 Metavasi Capital LP 3.20% 52,982 $9.2M
6 Pacific Capital Partners Ltd 3.11% 20,786 $3.6M
7 Steadfast Capital Management LP 2.92% 550,661 $95.3M
8 Ariel Investments, LLC 2.87% 1,665,326 $288.2M
9 Boyar Asset Management INC. 2.86% 28,793 $5.0M
10 Peregrine Investment Management Inc 2.21% 30,000 $5.2M
11 Mane Global Capital Management LP 1.61% 112,463 $19.5M
12 Contour Asset Management LLC 1.45% 354,482 $61.3M
13 Tabor Asset Management, LP 1.38% 26,032 $4.5M
14 Gamco Investors, INC. Et Al 1.19% 765,913 $132.5M
15 Shannon River Fund Management LLC 1.14% 73,878 $12.8M
16 Nicholas Investment Partners, LP 1.11% 114,396 $19.8M
17 Creek Drive Management Group LLC 1.09% 13,000 $2.2M
18 Osbon Capital Management LLC 1.05% 7,750 $1.3M
19 Washington Trust Advisors, Inc. 1.00% 77,758 $13.5M
20 Systematic Financial Management LP 1.00% 289,748 $50.1M
21 Gilder Gagnon Howe & Co LLC 1.00% 557,742 $96.5M
22 Pinnbrook Capital Management LP 0.94% 51,208 $8.9M
23 Informed Momentum Co LLC 0.93% 60,037 $10.4M
24 Sands Capital Management, LLC 0.87% 1,358,321 $235.0M
25 Gruss & Co., LLC 0.85% 2,000 $346K
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 — 5 quarters in a row: For 5 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 — 55% buying: Last quarter: 234 funds bought or added vs 194 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?

Elite ownership — 48% AUM from top-100 funds: 53 of 420 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in SPHR. 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 SPHR?

Mixed — 36% long-term, 38% new: Of the 423 current holders: 151 (36%) held >2 years, 113 held 1–2 years, and 159 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 Sphere Entertainment Co (SPHR) following the 2026 Q2 hedge fund 13F filings?

As of today, SPHR has moved -13.6% since the 2026 Q2 13F filing date (August 14, 2026), compared to +1.9% for the XLC sector ETF — an outperformance of -15.5%. Since the quarter end (June 30, 2026), SPHR has gained -16.1% vs +7.5% for XLC. 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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