Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Trex Inc (TREX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -5
Streak
2Q ▼
Buyers last Q
53%

Smart Money Signals — TREX

Based on 422 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their TREX 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 — 82% of 3.0Y peak

82% of all-time peak
422 funds currently hold this stock — 82% of the 3.0-year high of 512 funds (reached 2024 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 5% fewer funds vs a year ago

fund count last 6Q
23 fewer hedge funds hold TREX compared to a year ago (-5% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 53% buying

231 buying205 selling
Last quarter: 231 funds bought or added vs 205 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 (-31 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 72 → 76 → 101 → 70. 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.
🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 15% medium ■ 23% new
260 out of 422 hedge funds have held TREX 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.
📈

Growing discovery — still being found

69 → 72 → 76 → 101 → 70 new funds/Q
New funds entering each quarter: 72 → 76 → 101 → 70. A growing number of institutions are discovering TREX each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 69% veterans vs 24% newcomers

■ 69% veterans ■ 7% 1-2yr ■ 24% new
Entry-cohort mix of 437 holders: 302 (69%) are 2+ year veterans, 31 entered 1–2 years ago, and 104 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 46% AUM from top-100 funds

46% from top-100 AUM funds
54 of 421 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in TREX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.7
out of 10
Low Exit Risk
Exit risk score 2.7/10 — 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 — TREX

In 2026 Q1, 231 hedge funds were net buyers of TREX (70 opened a new position, 161 added to an existing one), while 205 reduced or exited (130 trimmed, 75 sold completely) — a 53% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. 46% of total institutional value in TREX is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -5 funds (more exits than new entries). Total institutional holders: 422.

Hedge Fund Ownership: TREX

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

Market Analysis: TREX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TREX

-- --

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

Is It Too Late to Buy Trex Inc (TREX) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much TREX has moved relative to its sector benchmark (XLI) 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 · 82d ago
TREX
+29.4%
XLI
+11.9%

TREX outperformed XLI by +17.5% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 37d ago
TREX
+25.9%
XLI
+5.5%

Since the filing became public, TREX outperformed XLI by +20.4% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

37 top-rated funds 1 high-conviction
Consensus
6.9
/ 10
breadth
×
Elite
1.5
/ 10
conviction
Hedge Fund Positioning: TREX
418 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 418 427 -2.11%
13F Shares 107M 105M 2.33%
Total Value $3.87B $3.67B 5.4%
New Positions 67 101 -34
Increased Positions 155 131 +24
Closed Positions 76 132 -56
Reduced Positions 125 158 -33
Total Calls 6 8 -25.0%
Total Puts 10 10 -
PUT/CALL Ratio 1.67 1.25 Bearish

Statistics: TREX

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
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)

418 + investors

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

QUARTER:
Top 25 TREX holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Alpine Peaks Capital, LP 4.49% 122,339 $4.5M
2 H Squared Management LP 4.17% 124,200 $4.5M
3 Park State Asset Management 2.64% 95,688 $3.5M
4 Heron Bay Capital Management 1.56% 465,865 $17.0M
5 American Trust Investment Advisors, LLC 1.24% 61,650 $2.2M
6 Soviero Asset Management, LP 1.00% 55,000 $2.0M
7 Wasatch Advisors LP 0.86% 3,536,750 $128.8M
8 Bennett Selby Investments LP 0.78% 61,224 $2.2M
9 Laurus Global Equity Management Inc. 0.75% 20,980 $764K
10 Red Spruce Capital, LLC 0.72% 48,309 $1.8M
11 Hill City Capital, LP 0.72% 550,000 $20.0M
12 Van Den Berg Management I, Inc 0.71% 84,871 $3.1M
13 Green Alpha Advisors, LLC 0.65% 18,118 $660K
14 Geneva Capital Management LLC 0.58% 749,658 $27.3M
15 Disciplined Growth Investors Inc /Mn 0.51% 678,357 $24.7M
16 Monte Financial Group, LLC 0.49% 37,791 $1.4M
17 Westwood Holdings Group Inc 0.46% 1,748,611 $63.7M
18 Impax Asset Management Group plc 0.45% 1,766,368 $64.3M
19 Osborne Partners Capital Management, LLC 0.40% 208,136 $7.6M
20 Martin Capital Advisors, LLP 0.38% 16,611 $605K
21 Windsor Advisory Group, LLC 0.38% 12,380 $451K
22 Freestone Grove Partners LP 0.32% 1,243,615 $45.3M
23 Qsemble Capital Management, LP 0.31% 112,221 $4.1M
24 Alchemi Wealth, LLC 0.31% 15,400 $561K
25 Confluence Investment Management LLC 0.22% 390,641 $14.2M
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 — Trex Inc (TREX)

What does the Smart Money Trend signal show for TREX?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their TREX 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 TREX?

Slight buying edge — 53% buying: Last quarter: 231 funds bought or added vs 205 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 TREX holders?

Elite ownership — 46% AUM from top-100 funds: 54 of 421 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in TREX. 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 TREX?

62% of holders stayed for 2+ years: 260 out of 422 hedge funds have held TREX 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 Trex Inc (TREX) following the 2026 Q1 hedge fund 13F filings?

As of today, TREX has moved +25.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.5% for the XLI sector ETF — an outperformance of +20.4%. Since the quarter end (March 31, 2026), TREX has gained +29.4% vs +11.9% for XLI. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to 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.

Full history →