Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Veon Ltd (VEON)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -12
Streak
1Q ▼
Buyers last Q
46%

Smart Money Signals — VEON

Based on 99 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their VEON 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 — 89% of 3.0Y peak

89% of all-time peak
99 funds currently hold this stock — 89% of the 3.0-year high of 111 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

Fast accumulation — +48% more funds vs a year ago

fund count last 6Q
+32 new funds entered over the past year (+48% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟠

More sellers than buyers — 46% buying

47 buying56 selling
Last quarter: 56 funds reduced or exited vs 47 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.
⚠️

Fewer new buyers each quarter (-22 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 12 → 31 → 33 → 11. 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.
📌

Mixed — 31% long-term, 48% new

■ 31% conviction (2yr+) ■ 20% medium ■ 48% new
Of the 99 current holders: 31 (31%) held >2 years, 20 held 1–2 years, and 48 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
➡️

Steady discovery — ~11 new funds/quarter

13 → 12 → 31 → 33 → 11 new funds/Q
New funds entering each quarter: 12 → 31 → 33 → 11. Consistent flow of new institutional buyers without clear acceleration or slowdown.
📊

Mixed cohorts — 31% veterans, 51% new entrants

■ 31% veterans ■ 17% 1-2yr ■ 51% new
Of 103 current holders: 32 (31%) held 2+ years, 18 held 1–2 years, 53 (51%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
📋

Smaller funds dominant — 13% AUM from top-100

13% from top-100 AUM funds
20 of 99 holders rank in the top 100 by AUM, but together hold only 13% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.6
out of 10
Moderate Exit Risk
Exit risk score 4.6/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 — VEON

In 2026 Q1, 47 hedge funds were net buyers of VEON (11 opened a new position, 36 added to an existing one), while 56 reduced or exited (33 trimmed, 23 sold completely) — a 46% buyer ratio, indicating roughly balanced activity. Net fund flow last quarter: -12 funds (more exits than new entries). Total institutional holders: 99.

Hedge Fund Ownership: VEON

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

Market Analysis: VEON

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: VEON

-- --

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

Is It Too Late to Buy Veon Ltd (VEON) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much VEON has moved relative to its sector benchmark (XLC) 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 · 80d ago
VEON
+12.4%
XLC
-1.3%

VEON outperformed XLC by +13.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
VEON
-4.2%
XLC
-5.7%

Since the filing became public, VEON outperformed XLC by +1.5% .

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.

10 top-rated funds 2 high-conviction
Consensus
4.5
/ 10
breadth
×
Elite
2.9
/ 10
conviction
Hedge Fund Positioning: VEON
99 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 99 111 -10.81%
13F Shares 17M 17M -1.97%
Total Value $783M $909M -13.86%
New Positions 11 33 -22
Increased Positions 35 29 +6
Closed Positions 23 12 +11
Reduced Positions 32 34 -2
Total Calls 2 2 -
Total Puts 2 2 -
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: VEON

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Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

99 + investors

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

QUARTER:
Top 25 VEON holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Shah Capital Management 43.44% 4,890,497 $226.4M
2 Solus Alternative Asset Management LP 11.04% 887,002 $41.1M
3 Panview Capital Ltd 5.53% 557,612 $25.8M
4 Lingotto Investment Management LLP 5.52% 6,042,061 $279.7M
5 VR Advisory Services Ltd 2.16% 393,647 $18.2M
6 Dorsey Wright & Associates 0.20% 35,457 $1.6M
7 AdvisorShares Investments LLC 0.14% 16,962 $785K
8 Burns Matteson Capital Management, LLC 0.12% 7,080 $328K
9 RWC Asset Management LLP 0.07% 38,040 $1.8M
10 Landscape Capital Management, L.L.C. 0.04% 14,112 $653K
11 Gabelli Funds LLC 0.04% 125,840 $5.8M
12 Personal Cfo Solutions, LLC 0.03% 4,689 $217K
13 BNP Paribas Asset Management Holding S.A. 0.03% 501,439 $23.2M
14 Diversify Wealth Management, LLC 0.03% 30,497 $1.5M
15 Hennion & Walsh Asset Management, Inc. 0.03% 16,203 $750K
16 Walleye Capital LLC 0.02% 90,486 $4.2M
17 Voleon Capital Management LP 0.01% 12,650 $586K
18 SBI Securities Co., Ltd. 0.01% 9,782 $453K
19 Qrg Capital Management, INC. 0.01% 17,557 $813K
20 Two Sigma Investments, LP 0.01% 224,406 $10.4M
21 Mackenzie Financial Corp 0.01% 150,442 $7.0M
22 Wellington Management Group LLP 0.01% 954,526 $44.2M
23 Pictet Asset Management Holding SA 0.01% 161,687 $7.5M
24 Two Sigma Advisers, LP 0.01% 75,824 $4.0M
25 GAMMA Investing LLC 0.01% 3,387 $157K
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 — Veon Ltd (VEON)

What does the Smart Money Trend signal show for VEON?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their VEON 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 VEON?

More sellers than buyers — 46% buying: Last quarter: 56 funds reduced or exited vs 47 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 VEON holders?

Smaller funds dominant — 13% AUM from top-100: 20 of 99 holders rank in the top 100 by AUM, but together hold only 13% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held VEON?

Mixed — 31% long-term, 48% new: Of the 99 current holders: 31 (31%) held >2 years, 20 held 1–2 years, and 48 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Is it too late to buy Veon Ltd (VEON) following the 2026 Q1 hedge fund 13F filings?

As of today, VEON has moved -4.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to -5.7% for the XLC sector ETF — an outperformance of +1.5%. Since the quarter end (March 31, 2026), VEON has gained +12.4% vs -1.3% for XLC. 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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