Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Trupanion Inc (TRUP)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -4
Streak
4Q ▼
Buyers last Q
52%

Smart Money Signals — TRUP

Based on 201 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 4 quarters in a row

last 6Q
For 4 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 — 84% of 3.0Y peak

84% of all-time peak
201 funds currently hold this stock — 84% 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 — 14% fewer funds vs a year ago

fund count last 6Q
34 fewer hedge funds hold TRUP compared to a year ago (-14% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 52% buying

107 buying99 selling
Last quarter: 107 funds bought or added vs 99 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.
📈

More new buyers each quarter (+9 vs last Q)

new funds entering per quarter
Funds opening a new TRUP position: 31 → 23 → 26 → 35. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

66% of holders stayed for 2+ years

■ 66% conviction (2yr+) ■ 15% medium ■ 18% new
133 out of 201 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.
📈

Growing discovery — still being found

40 → 31 → 23 → 26 → 35 new funds/Q
New funds entering each quarter: 31 → 23 → 26 → 35. A growing number of institutions are discovering TRUP each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 69% veterans vs 17% newcomers

■ 69% veterans ■ 14% 1-2yr ■ 17% new
Entry-cohort mix of 205 holders: 142 (69%) are 2+ year veterans, 28 entered 1–2 years ago, and 35 (17%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 58% AUM from top-100 funds

58% from top-100 AUM funds
45 of 200 holders are among the 100 largest funds by AUM, controlling 58% 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.

Institutional Sentiment Summary — TRUP

In 2026 Q2, 107 hedge funds were net buyers of TRUP (35 opened a new position, 72 added to an existing one), while 99 reduced or exited (60 trimmed, 39 sold completely) — a 52% buyer ratio, indicating a slight buying edge. This extends a 4-quarter selling streak, suggesting sustained institutional caution. 58% of total institutional value in TRUP is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -4 funds (more exits than new entries). Total institutional holders: 201.

Hedge Fund Ownership: TRUP

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

Market Analysis: TRUP

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TRUP

-- --

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

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

Signal Freshness measures how much TRUP has moved relative to its sector benchmark (XLF) since the 2026 Q2 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 June 30, 2026 · 78d ago
TRUP
+5.6%
XLF
+6.0%

TRUP outperformed XLF by -0.4% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 33d ago
TRUP
-14.5%
XLF
-2.3%

Since the filing became public, TRUP outperformed XLF by -12.2% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

14 top-rated funds 0 high-conviction
Consensus
5.1
/ 10
breadth
×
Elite
1.1
/ 10
conviction
Hedge Fund Positioning: TRUP
196 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 196 205 -4.39%
13F Shares 34M 33M 1.5%
Total Value $835M $853M -2.11%
New Positions 34 26 +8
Increased Positions 71 68 +3
Closed Positions 42 34 +8
Reduced Positions 57 75 -18
Total Calls 3 0 100%
Total Puts 2 2 -
PUT/CALL Ratio 0.67 0.0 Bullish

Statistics: TRUP

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

196 + 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:
Top 25 TRUP holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Aflac Inc 97.24% 3,636,364 $90.1M
2 Kopion Asset Management, LLC 8.19% 522,999 $13.0M
3 Greenlea Lane Capital Management, LLC 5.28% 776,490 $19.2M
4 Renaissancere Holdings Ltd 1.55% 263,000 $6.5M
5 Lagoda Investment Management, L.P. 1.08% 79,050 $2.0M
6 Hosking Partners LLP 0.25% 299,096 $7.4M
7 Dynamic Technology Lab Private Ltd 0.19% 34,825 $863K
8 Saranac Partners Ltd 0.18% 24,420 $605K
9 Corecam Pte. Ltd. 0.17% 18,465 $457K
10 Landscape Capital Management, L.L.C. 0.17% 103,455 $2.6M
11 Optimize Financial INC. 0.15% 17,300 $429K
12 Numerai GP LLC 0.14% 71,579 $1.8M
13 Fox Run Management, L.L.C. 0.11% 26,629 $660K
14 Polar Capital Holdings Plc 0.10% 1,750,000 $43.3M
15 Sound Capital Solutions LLC 0.10% 17,300 $429K
16 NJ State Employees Deferred Compensation Plan 0.09% 18,000 $779K
17 PDT Partners, LLC 0.05% 42,145 $1.0M
18 State of Wyoming 0.05% 18,257 $452K
19 Jump Financial, LLC 0.04% 87,673 $3.3M
20 WINTON GROUP Ltd 0.04% 47,749 $1.2M
21 Susquehanna Fundamental Investments, LLC 0.03% 67,780 $1.7M
22 Voleon Capital Management LP 0.03% 66,733 $1.7M
23 Inspire Investing, LLC 0.03% 27,709 $686K
24 Check Capital Management Inc/Ca 0.03% 40,075 $993K
25 Liontrust Investment Partners LLP 0.02% 60,650 $1.5M
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 — 4 quarters in a row: For 4 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?

Slight buying edge — 52% buying: Last quarter: 107 funds bought or added vs 99 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 TRUP holders?

Elite ownership — 58% AUM from top-100 funds: 45 of 200 holders are among the 100 largest funds by AUM, controlling 58% 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?

66% of holders stayed for 2+ years: 133 out of 201 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 Q2 hedge fund 13F filings?

As of today, TRUP has moved -14.5% since the 2026 Q2 13F filing date (August 14, 2026), compared to -2.3% for the XLF sector ETF — an outperformance of -12.2%. Since the quarter end (June 30, 2026), TRUP has gained +5.6% vs +6.0% 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.

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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