Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Treace Med Concepts Inc (TMCI)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +2
Streak
1Q ▲
Buyers last Q
54%

Smart Money Signals — TMCI

Based on 115 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added TMCI 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.
📊

High ownership — 85% of 3.0Y peak

85% of all-time peak
115 funds currently hold this stock — 85% of the 3.0-year high of 135 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 15% fewer funds vs a year ago

fund count last 6Q
20 fewer hedge funds hold TMCI compared to a year ago (-15% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 54% buying

65 buying56 selling
Last quarter: 65 funds bought or added vs 56 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.
➡️

Steady new buyers — ~31 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 16 → 16 → 32 → 31. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

40% of holders stayed for 2+ years

■ 40% conviction (2yr+) ■ 30% medium ■ 30% new
46 out of 115 hedge funds have held TMCI 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 +0%, value -47%

Value
-47%
Shares
+0%
Last quarter: funds added +0% more shares while total portfolio value only changed -47%. 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

29 → 16 → 16 → 32 → 31 new funds/Q
New funds entering each quarter: 16 → 16 → 32 → 31. 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 — 51% of holders stayed 2+ years

■ 51% veterans ■ 15% 1-2yr ■ 34% new
Of 115 current holders: 59 (51%) 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 — 35% AUM from major funds

35% from top-100 AUM funds
31 of 115 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — 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.

Institutional Sentiment Summary — TMCI

In 2026 Q1, 65 hedge funds were net buyers of TMCI (31 opened a new position, 34 added to an existing one), while 56 reduced or exited (27 trimmed, 29 sold completely) — a 54% buyer ratio, indicating a slight buying edge. 35% of total institutional value in TMCI is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +2 funds (more new holders than closures). Total institutional holders: 115.

Hedge Fund Ownership: TMCI

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

Market Analysis: TMCI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TMCI

-- --

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

Is It Too Late to Buy Treace Med Concepts Inc (TMCI) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much TMCI has moved relative to its sector benchmark (XLV) 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 · 78d ago
TMCI
+207.5%
XLV
+4.3%

TMCI outperformed XLV by +203.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
TMCI
+54.9%
XLV
+5.4%

Since the filing became public, TMCI outperformed XLV by +49.5% .

Interpretation: The stock has significantly outperformed its sector benchmark — the original entry opportunity has largely been captured by earlier investors. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

16 top-rated funds 0 high-conviction
Consensus
5.3
/ 10
breadth
×
Elite
0.3
/ 10
conviction
Hedge Fund Positioning: TMCI
114 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 114 113 0.88%
13F Shares 36M 36M 0.27%
Total Value $47M $88M -47.29%
New Positions 30 32 -2
Increased Positions 34 30 +4
Closed Positions 29 34 -5
Reduced Positions 27 35 -8
Total Calls 0 1 -100.0%
Total Puts 0 3 -100.0%
PUT/CALL Ratio 0.0 3.0 Bullish

Statistics: TMCI

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Valuation Measures Data as of: --

Market Cap --
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Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

114 + investors

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

QUARTER:
Top 25 TMCI holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Gagnon Securities LLC 1.61% 5,201,886 $7.0M
2 Weber Capital Management LLC /Adv 0.79% 589,617 $790K
3 Arcadia Wealth Management, Inc. 0.15% 209,972 $281K
4 Armistice Capital, LLC 0.15% 6,364,000 $8.5M
5 LCW Services, LLC 0.06% 90,821 $122K
6 Winnow Wealth LLC 0.03% 28,313 $38K
7 TrustWell Financial Advisors, LLC 0.03% 11,725 $29K
8 State of Wyoming 0.02% 95,110 $127K
9 Abel Hall, LLC 0.01% 38,632 $52K
10 XTX Topco Ltd 0.01% 285,780 $383K
11 Paradigm Capital Management Inc/Ny 0.01% 100,000 $134K
12 Dynamic Technology Lab Private Ltd 0.00% 21,384 $29K
13 Axq Capital, LP 0.00% 19,507 $26K
14 AlphaQuest LLC 0.00% 20,250 $50K
15 Susquehanna Portfolio Strategies, LLC 0.00% 137,135 $184K
16 CIBC Bancorp USA Inc. 0.00% 1,218,353 $1.6M
17 Engineers Gate Manager LP 0.00% 113,702 $152K
18 Jacobs Levy Equity Management, Inc 0.00% 263,734 $353K
19 Bridgeway Capital Management, LLC 0.00% 50,000 $67K
20 Renaissance Technologies LLC 0.00% 522,900 $701K
21 Chicago Partners Investment Group LLC 0.00% 26,014 $49K
22 D. E. Shaw & Co., Inc. 0.00% 841,269 $1.1M
23 Aqr Capital Management LLC 0.00% 1,061,840 $1.4M
24 Millennium Management LLC 0.00% 1,148,115 $1.5M
25 HBK Sorce Advisory LLC 0.00% 16,028 $32K
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 — Treace Med Concepts Inc (TMCI)

What does the Smart Money Trend signal show for TMCI?

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

Slight buying edge — 54% buying: Last quarter: 65 funds bought or added vs 56 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 TMCI holders?

Strong quality — 35% AUM from major funds: 31 of 115 holders rank in the top 100 by AUM, accounting for 35% 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 TMCI?

40% of holders stayed for 2+ years: 46 out of 115 hedge funds have held TMCI 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 Treace Med Concepts Inc (TMCI) following the 2026 Q1 hedge fund 13F filings?

As of today, TMCI has moved +54.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.4% for the XLV sector ETF — an outperformance of +49.5%. Since the quarter end (March 31, 2026), TMCI has gained +207.5% vs +4.3% for XLV. The stock has significantly outperformed its sector benchmark — the original entry opportunity has largely been captured by earlier investors.

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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