Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Vanda Pharmaceuticals Inc (VNDA)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +13
Streak
3Q ▲
Buyers last Q
59%

Smart Money Signals — VNDA

Based on 167 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added VNDA than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 93% of 3.0Y peak

93% of all-time peak
167 funds currently hold this stock — 93% of the 3.0-year high of 180 funds (reached 2023 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +14% more funds vs a year ago

fund count last 6Q
+20 new funds entered over the past year (+14% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 59% buying

110 buying75 selling
Last quarter: 110 funds bought or added vs 75 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 (+18 vs last Q)

new funds entering per quarter
Funds opening a new VNDA position: 19 → 22 → 30 → 48. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

56% of holders stayed for 2+ years

■ 56% conviction (2yr+) ■ 20% medium ■ 25% new
93 out of 167 hedge funds have held VNDA 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 +10%, value -19%

Value
-19%
Shares
+10%
Last quarter: funds added +10% more shares while total portfolio value only changed -19%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
🚀

Acceleration phase — new buyers rushing in

22 → 19 → 22 → 30 → 48 new funds/Q
New funds entering each quarter: 19 → 22 → 30 → 48. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 66% veterans vs 26% newcomers

■ 66% veterans ■ 9% 1-2yr ■ 26% new
Entry-cohort mix of 172 holders: 113 (66%) are 2+ year veterans, 15 entered 1–2 years ago, and 44 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 35% AUM from major funds

35% from top-100 AUM funds
38 of 167 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — 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 — VNDA

In 2026 Q1, 110 hedge funds were net buyers of VNDA (48 opened a new position, 62 added to an existing one), while 75 reduced or exited (40 trimmed, 35 sold completely) — a 59% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 35% of total institutional value in VNDA is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +13 funds (more new holders than closures). Total institutional holders: 167.

Hedge Fund Ownership: VNDA

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

Market Analysis: VNDA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: VNDA

-- --

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

Is It Too Late to Buy Vanda Pharmaceuticals Inc (VNDA) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much VNDA has moved relative to its sector benchmark (XLV) 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
VNDA
-16.1%
XLV
+1.9%

VNDA outperformed XLV by -18.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 37d ago
VNDA
-7.6%
XLV
+3.0%

Since the filing became public, VNDA outperformed XLV by -10.6% .

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.

20 top-rated funds 0 high-conviction
Consensus
5.7
/ 10
breadth
×
Elite
0.8
/ 10
conviction
Hedge Fund Positioning: VNDA
166 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 166 154 7.79%
13F Shares 47M 43M 10.19%
Total Value $306M $379M -19.2%
New Positions 47 30 +17
Increased Positions 61 40 +21
Closed Positions 35 22 +13
Reduced Positions 38 64 -26
Total Calls 3 7 -57.14%
Total Puts 2 3 -33.33%
PUT/CALL Ratio 0.67 0.43 Bullish

Statistics: VNDA

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Profit Margin --
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Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

166 + investors

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

QUARTER:
Top 25 VNDA holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 AIGH Capital Management LLC 2.59% 2,750,000 $19.0M
2 Empire Financial Management Company, LLC 1.44% 922,245 $6.4M
3 Monaco Asset Management SAM 0.31% 241,286 $1.7M
4 Scientech Research LLC 0.14% 24,761 $171K
5 Diker Management LLC 0.13% 21,880 $151K
6 Inscription Capital, LLC 0.05% 63,878 $441K
7 Renaissance Technologies LLC 0.04% 3,759,559 $26.0M
8 Kennedy Capital Management LLC 0.04% 239,481 $1.7M
9 Jacobs Levy Equity Management, Inc 0.03% 1,168,681 $8.1M
10 Headlands Technologies LLC 0.03% 35,572 $246K
11 Susquehanna Portfolio Strategies, LLC 0.03% 262,110 $1.8M
12 Murchinson Ltd. 0.03% 30,000 $207K
13 Polymer Capital Management (US) LLC 0.02% 32,723 $226K
14 Jump Financial, LLC 0.02% 198,867 $1.4M
15 Two Sigma Advisers, LP 0.02% 1,049,300 $9.3M
16 WINTON GROUP Ltd 0.01% 44,800 $310K
17 Profund Advisors LLC 0.01% 41,229 $285K
18 Mirabella Financial Services LLP 0.01% 12,616 $87K
19 Two Sigma Investments, LP 0.01% 1,398,201 $9.7M
20 Essential Partners LLC 0.01% 3,242 $22K
21 Caitong International Asset Management Co., Ltd 0.01% 5,473 $38K
22 Federated Hermes, INC. 0.01% 575,389 $4.0M
23 Connor, Clark & Lunn Investment Management Ltd. 0.01% 376,858 $2.6M
24 Costello Asset Management, INC 0.01% 2,500 $17K
25 Martingale Asset Management L P 0.01% 33,114 $229K
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 — Vanda Pharmaceuticals Inc (VNDA)

What does the Smart Money Trend signal show for VNDA?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added VNDA than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for VNDA?

Slight buying edge — 59% buying: Last quarter: 110 funds bought or added vs 75 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 VNDA holders?

Strong quality — 35% AUM from major funds: 38 of 167 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held VNDA?

56% of holders stayed for 2+ years: 93 out of 167 hedge funds have held VNDA 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 Vanda Pharmaceuticals Inc (VNDA) following the 2026 Q1 hedge fund 13F filings?

As of today, VNDA has moved -7.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +3.0% for the XLV sector ETF — an outperformance of -10.6%. Since the quarter end (March 31, 2026), VNDA has gained -16.1% vs +1.9% for XLV. 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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