Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Transmedics Group Inc (TMDX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -35
Streak
2Q ▼
Buyers last Q
49%

Smart Money Signals — TMDX

Based on 384 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their TMDX positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 88% of 3.0Y peak

88% of all-time peak
384 funds currently hold this stock — 88% of the 3.0-year high of 434 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +4% more funds vs a year ago

fund count last 6Q
+13 new funds entered over the past year (+4% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 49% buying

220 buying233 selling
Last quarter: 233 funds reduced or exited vs 220 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
📈

More new buyers each quarter (+7 vs last Q)

new funds entering per quarter
Funds opening a new TMDX position: 76 → 92 → 64 → 71. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

43% of holders stayed for 2+ years

■ 43% conviction (2yr+) ■ 29% medium ■ 27% new
167 out of 384 hedge funds have held TMDX 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 +8%, value -31%

Value
-30%
Shares
+7%
Last quarter: funds added +8% more shares while total portfolio value only changed -31%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

105 → 76 → 92 → 64 → 71 new funds/Q
New funds entering each quarter: 76 → 92 → 64 → 71. TMDX is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 45% veterans vs 32% newcomers

■ 45% veterans ■ 23% 1-2yr ■ 32% new
Entry-cohort mix of 403 holders: 182 (45%) are 2+ year veterans, 92 entered 1–2 years ago, and 129 (32%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 63% AUM from top-100 funds

63% from top-100 AUM funds
54 of 377 holders are among the 100 largest funds by AUM, controlling 63% of total institutional value in TMDX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — 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 — TMDX

In 2026 Q2, 220 hedge funds were net buyers of TMDX (71 opened a new position, 149 added to an existing one), while 233 reduced or exited (127 trimmed, 106 sold completely) — a 49% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. 63% of total institutional value in TMDX is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -35 funds (more exits than new entries). Total institutional holders: 384.

Hedge Fund Ownership: TMDX

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

Market Analysis: TMDX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TMDX

-- --

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.

18 top-rated funds 1 high-conviction
Consensus
5.6
/ 10
breadth
×
Elite
2.3
/ 10
conviction
Hedge Fund Positioning: TMDX
372 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 372 419 -11.22%
13F Shares 38M 38M 0.76%
Total Value $2.50B $3.66B -31.7%
New Positions 69 64 +5
Increased Positions 143 152 -9
Closed Positions 109 78 +31
Reduced Positions 122 136 -14
Total Calls 15 9 66.67%
Total Puts 11 9 22.22%
PUT/CALL Ratio 0.73 1.0 Neutral

Statistics: TMDX

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Institutional Holders (2026 Q2)

372 + investors

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

QUARTER:
Top 25 TMDX holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 FirstWave Capital Management LLC 5.61% 191,240 $12.7M
2 Lagoda Investment Management, L.P. 3.56% 97,465 $6.5M
3 Bastion Asset Management Inc. 1.73% 79,452 $5.1M
4 Braidwell LP 1.50% 609,715 $40.5M
5 Brown Capital Management LLC 1.19% 89,828 $6.0M
6 Sectoral Asset Management Inc 1.02% 21,950 $1.5M
7 Timothy G. Youngquist 2020 Irrevocable Trust 0.86% 9,629 $1.2M
8 Taylor Frigon Capital Management LLC 0.84% 26,908 $1.8M
9 Emerald Advisers, LLC 0.77% 490,491 $32.6M
10 Emerald Mutual Fund Advisers Trust 0.71% 302,074 $20.1M
11 Summit Creek Advisors LLC 0.60% 26,707 $1.8M
12 Eventide Asset Management, LLC 0.49% 548,874 $36.5M
13 Zevenbergen Capital Investments LLC 0.47% 308,391 $20.5M
14 Eddie Patel Inc 0.45% 11,288 $750K
15 CFG Wealth Management Services, Inc. 0.44% 4,689 $466K
16 Hood River Capital Management LLC 0.36% 751,133 $49.9M
17 Beaconlight Capital, LLC 0.36% 15,406 $1.0M
18 Biondo Investment Advisors, LLC 0.36% 44,155 $2.9M
19 Renaissance Group LLC 0.29% 108,157 $7.2M
20 Sugar Maple Asset Management, LLC 0.26% 6,000 $399K
21 Atom Investors LP 0.22% 36,501 $2.4M
22 Militia Capital Management LLC 0.21% 21,000 $2.1M
23 Portolan Capital Management, LLC 0.20% 82,354 $5.5M
24 SLT Holdings LLC 0.19% 4,499 $299K
25 Values First Advisors, Inc. 0.19% 6,434 $407K
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 — Transmedics Group Inc (TMDX)

What does the Smart Money Trend signal show for TMDX?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their TMDX positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for TMDX?

More sellers than buyers — 49% buying: Last quarter: 233 funds reduced or exited vs 220 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for TMDX holders?

Elite ownership — 63% AUM from top-100 funds: 54 of 377 holders are among the 100 largest funds by AUM, controlling 63% of total institutional value in TMDX. 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 TMDX?

43% of holders stayed for 2+ years: 167 out of 384 hedge funds have held TMDX 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.

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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