Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Trulieve Cannabis Corp (TCNNF)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +121
Streak
1Q ▲
Buyers last Q
98%

Smart Money Signals — TCNNF

Based on 126 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added TCNNF 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
126 hedge funds hold TCNNF 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 — +1700% more funds vs a year ago

fund count last 6Q
+119 new funds entered over the past year (+1700% 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 — 98% buying

122 buying2 selling
Last quarter: 122 funds were net buyers (122 opened a brand new position + 0 added to an existing one). Only 2 were sellers (1 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+120 vs last Q)

new funds entering per quarter
Funds opening a new TCNNF position: 0 → 3 → 2 → 122. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔄

Mostly new holders — 98% entered in last year

■ 2% conviction (2yr+) ■ 1% medium ■ 98% new
Only 2 funds (2%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
💰

Value +31146% but shares only +18795% — price-driven

Value
+31146%
Shares
+18795%
Last quarter: the total dollar value of institutional holdings rose +31146%, but actual share count only changed +18795%. 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

1 → 0 → 3 → 2 → 122 new funds/Q
New funds entering each quarter: 0 → 3 → 2 → 122. 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.
🌱

Early stage — 97% of holders entered in last year

■ 2% veterans ■ 1% 1-2yr ■ 97% new
Of 127 current holders: 123 (97%) entered in the past year, only 3 (2%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
📋

Smaller funds dominant — 1% AUM from top-100

1% from top-100 AUM funds
12 of 125 holders rank in the top 100 by AUM, but together hold only 1% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
7.4
out of 10
High Exit Risk
Exit risk score 7.4/10 — multiple crowding signals converge. Institutional ownership is at 100% of its all-time high — near peak crowding. Crowded trades can unwind fast — a single catalyst can trigger a cascade.

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 — TCNNF

In 2026 Q2, 122 hedge funds were net buyers of TCNNF (122 opened a brand-new position), while 2 reduced or exited (1 trimmed, 1 sold completely) — a 98% buyer ratio, indicating clear institutional accumulation. Net fund flow last quarter: +121 funds (more new holders than closures). Total institutional holders: 126.

Hedge Fund Ownership: TCNNF

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

Market Analysis: TCNNF

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TCNNF

-- --

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

5 top-rated funds 0 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
1.0
/ 10
conviction
Hedge Fund Positioning: TCNNF
125 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 125 5 2400.0%
13F Shares 35M 185K 18794.96%
Total Value $324M $1M 31146.48%
New Positions 122 2 +120
Increased Positions 0 1 -1
Closed Positions 1 5 -4
Reduced Positions 1 1 -
Total Calls 2 0 100%
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: TCNNF

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Financial Highlights

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Institutional Holders (2026 Q2)

125 + investors

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

QUARTER:
Top 25 TCNNF holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 AdvisorShares Investments LLC 12.63% 10,641,152 $104.6M
2 Nano Cap New Millennium Growth Fund L P 0.91% 120,000 $1.2M
3 NewGen Asset Management Ltd 0.81% 200,000 $2.0M
4 Manatuck Hill Partners, LLC 0.65% 200,000 $2.0M
5 Murchinson Ltd. 0.48% 355,200 $3.5M
6 Raffles Associates LP 0.44% 50,000 $492K
7 BlueChip Wealth Advisors LLC 0.43% 114,464 $1.1M
8 Formula Growth Ltd 0.41% 120,000 $1.2M
9 Cantor Fitzgerald, L. P. 0.40% 3,750,000 $36.9M
10 Anson Funds Management LP 0.33% 524,500 $5.6M
11 JW Asset Management, LLC 0.26% 83,869 $824K
12 Kazazian Asset Management, LLC 0.23% 25,693 $253K
13 Albert D Mason Inc 0.22% 39,203 $385K
14 Chiron Capital Management, LLC 0.20% 22,965 $226K
15 Wiregrass Investment Management LLC 0.14% 21,092 $207K
16 Marex Group Ltd 0.14% 3,250,000 $31.9M
17 Purpose Unlimited Inc. 0.13% 342,560 $3.4M
18 ING Groep NV 0.13% 2,665,000 $26.2M
19 Guild Investment Management, Inc. 0.12% 17,740 $174K
20 Proficio Capital Partners LLC 0.07% 201,931 $2.0M
21 Montanova Capital, LLC 0.06% 356,100 $3.5M
22 Picton Mahoney Asset Management 0.06% 838,088 $8.2M
23 Harbor Advisors LLC 0.06% 42,640 $484K
24 Nomura Holdings Inc 0.06% 5,065,849 $49.8M
25 Ewa, LLC 0.05% 30,243 $297K
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 — Trulieve Cannabis Corp (TCNNF)

What does the Smart Money Trend signal show for TCNNF?

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

More buyers than sellers — 98% buying: Last quarter: 122 funds were net buyers (122 opened a brand new position + 0 added to an existing one). Only 2 were sellers (1 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for TCNNF holders?

Smaller funds dominant — 1% AUM from top-100: 12 of 125 holders rank in the top 100 by AUM, but together hold only 1% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held TCNNF?

Mostly new holders — 98% entered in last year: Only 2 funds (2%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

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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