Stock Analysis

SURFACE ONCOLOGY INC (SURF)

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -6
Streak
2Q ▼
Buyers last Q
38%

Smart Money Signals — SURF

Based on 58 hedge funds · latest filing: 2023 Q2 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed this position than added to it. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams deciding to exit.
🔻

Below peak — only 60% of 3.0Y high

60% of all-time peak
Only 58 funds hold this stock today versus a peak of 97 funds at 2021 Q4 — just 60% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📉

Outflows — 23% fewer funds vs a year ago

fund count last 6Q
17 fewer hedge funds hold this stock compared to a year ago (-23% decline). When institutions consistently reduce exposure, it's worth asking what they know that retail investors don't.
🔴

Heavy selling pressure — only 38% buying

20 buying33 selling
Last quarter: 33 funds sold vs only 20 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
📈

More new buyers each quarter (+11 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 9 → 13 → 3 → 14. A growing number of new institutional buyers means the stock is still being discovered — the opportunity hasn't been fully priced in.
💰

Price up while funds trimmed (+1210% value, -28% shares)

Value
+1210%
Shares
-27%
Last quarter: total value of institutional SURF holdings rose +1210% even though funds reduced share count by 28%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
📊

Peak discovery — momentum slowing

15 → 9 → 13 → 3 → 14 new funds/Q
New funds entering each quarter: 9 → 13 → 3 → 14. The stock is well-known in the hedge fund world but new entries are declining. The easy phase of institutional discovery may be behind us.
1.6
out of 10
Low Exit Risk
Exit risk score 1.6/10 — 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.

Hedge Fund Ownership: SURF

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

Market Analysis: SURF

Analyst Price Targets

Avg. Price Target
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Analyst Recommendations

Stock Performance

Real-time

Company Profile: SURF

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Hedge Fund Positioning: SURF
2026 Q1 Stats Unlock in 46 days Loading... + Investors

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Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change

Statistics: SURF

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Institutional Holders (2026 Q1)
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Investor Ownership
History
% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Shares Mkt Value Change Change % Source Quarter Filed