Trupanion Inc (TRUP): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy Trupanion Inc (TRUP) following the 2026 Q1 hedge fund 13F filings?

As of today, TRUP has moved +6.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.6% for the XLF sector ETF — an outperformance of +0.5%. Since the quarter end (March 31, 2026), TRUP gained -7.5% vs +9.3% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Trupanion Inc (TRUP)

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

Smart Money Signals — TRUP

Based on 203 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q

For 3 consecutive quarters, more hedge funds reduced or closed their TRUP 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 — 85% of 3.0Y peak

85% of all-time peak

203 funds currently hold this stock — 85% of the 3.0-year high of 239 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.

📉

Outflows — 8% fewer funds vs a year ago

fund count last 6Q

17 fewer hedge funds hold TRUP compared to a year ago (-8% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.

🟠

More sellers than buyers — 47% buying

96 buying110 selling

Last quarter: 110 funds reduced or exited vs 96 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.

➡️

Steady new buyers — ~25 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 40 → 31 → 23 → 25. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 23% medium ■ 13% new

129 out of 203 hedge funds have held TRUP 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 -37%

Value

-36%

-7%

Last quarter: funds added -8% more shares while total portfolio value only changed -37%. 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

31 → 40 → 31 → 23 → 25 new funds/Q

New funds entering each quarter: 40 → 31 → 23 → 25. TRUP is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.

🏛️

Deep conviction — 69% of holders stayed 2+ years

■ 69% veterans ■ 16% 1-2yr ■ 16% new

Of 205 current holders: 141 (69%) 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.

🏆

Elite ownership — 40% AUM from top-100 funds

40% from top-100 AUM funds

45 of 203 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in TRUP. 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.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	201	213	-5.63%
13F Shares	33M	36M	-7.6%
Total Value	$852M	$1.35B	-36.92%
New Positions	24	23	+1
Increased Positions	68	62	+6
Closed Positions	36	29	+7
Reduced Positions	74	91	-17
Total Calls	0	6	-100.0%
Total Puts	2	4	-50.0%
PUT/CALL Ratio	0.0	0.67	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

201

213

-5.63%

13F Shares

33M

36M

-7.6%

Total Value

$852M

$1.35B

-36.92%

New Positions

Increased Positions

Closed Positions

Reduced Positions

-17

Total Calls

-100.0%

Total Puts

-50.0%

PUT/CALL Ratio

0.0

0.67

Bullish

Institutional Holders (2026 Q1)

201 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 TRUP holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Aflac Inc	98.28%	3,636,364	$93.1M
2	Kopion Asset Management, LLC	7.97%	399,691	$10.2M
3	Greenlea Lane Capital Management, LLC	5.78%	776,490	$19.9M
4	Renaissancere Holdings Ltd	1.66%	263,000	$6.7M
5	Lagoda Investment Management, L.P.	1.56%	98,550	$2.5M
6	Blueshift Asset Management, LLC	0.37%	47,563	$1.2M
7	Hosking Partners LLP	0.28%	303,006	$7.8M
8	Dynamic Technology Lab Private Ltd	0.24%	56,605	$1.4M
9	Optimize Financial Inc	0.22%	17,360	$445K
10	Connors Investor Services Inc	0.17%	71,689	$1.8M
11	Polar Capital Holdings Plc	0.15%	1,625,000	$41.6M
12	Numerai GP LLC	0.13%	52,243	$1.3M
13	R Squared Ltd	0.13%	8,931	$229K
14	Inceptionr LLC	0.10%	16,232	$416K
15	NJ State Employees Deferred Compensation Plan	0.09%	18,000	$779K
16	PDT Partners, LLC	0.06%	42,145	$1.1M
17	State of Wyoming	0.05%	17,725	$454K
18	Engineers Gate Manager LP	0.05%	167,790	$4.3M
19	Inspire Investing, LLC	0.04%	20,034	$513K
20	Trexquant Investment LP	0.04%	223,094	$5.7M
21	WINTON GROUP Ltd	0.03%	38,153	$977K
22	Check Capital Management Inc/Ca	0.03%	40,695	$1.0M
23	Liontrust Investment Partners LLP	0.03%	48,992	$1.8M
24	New Age Alpha Advisors, LLC	0.02%	20,545	$526K
25	Nebula Research & Development LLC	0.02%	4,810	$266K

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 — Trupanion Inc (TRUP)

What does the Smart Money Trend signal show for TRUP?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their TRUP 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 TRUP?

More sellers than buyers — 47% buying: Last quarter: 110 funds reduced or exited vs 96 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 TRUP holders?

Elite ownership — 40% AUM from top-100 funds: 45 of 203 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in TRUP. 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 TRUP?

64% of holders stayed for 2+ years: 129 out of 203 hedge funds have held TRUP 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 Trupanion Inc (TRUP) following the 2026 Q1 hedge fund 13F filings?

As of today, TRUP has moved +6.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.6% for the XLF sector ETF — an outperformance of +0.5%. Since the quarter end (March 31, 2026), TRUP has gained -7.5% vs +9.3% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near 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.

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Trupanion Inc (TRUP)

Smart Money Signals — TRUP

Selling streak — 3 quarters in a row

High ownership — 85% of 3.0Y peak

Outflows — 8% fewer funds vs a year ago

More sellers than buyers — 47% buying

Steady new buyers — ~25 new funds per quarter

64% of holders stayed for 2+ years

Buying through price weakness — shares -8%, value -37%

Peak discovery — momentum slowing

Deep conviction — 69% of holders stayed 2+ years

Elite ownership — 40% AUM from top-100 funds

Institutional Sentiment Summary — TRUP

Hedge Fund Ownership: TRUP

Market Analysis: TRUP

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: TRUP

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

Hedge Fund Positioning: TRUP

Statistics: TRUP

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Trupanion Inc (TRUP)

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