Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Waters Corp (WAT)

1K + Investors. Track Smart Money conviction in WAT. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +10
Streak
3Q ▲
Buyers last Q
45%

Smart Money Signals — WAT

Based on 1177 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added WAT 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.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
1,177 hedge funds hold WAT right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +55% more funds vs a year ago

fund count last 6Q
+420 new funds entered over the past year (+55% 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 — 45% buying

520 buying634 selling
Last quarter: 634 funds reduced or exited vs 520 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 (-297 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 105 → 133 → 467 → 170. 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.
🔒

51% of holders stayed for 2+ years

■ 51% conviction (2yr+) ■ 15% medium ■ 34% new
605 out of 1,177 hedge funds have held WAT 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 +63%, value +31%

Value
+31%
Shares
+62%
Last quarter: funds added +63% more shares while total portfolio value only changed +31%. 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

90 → 105 → 133 → 467 → 170 new funds/Q
New funds entering each quarter: 105 → 133 → 467 → 170. 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 — 58% veterans vs 34% newcomers

■ 58% veterans ■ 8% 1-2yr ■ 34% new
Entry-cohort mix of 1,190 holders: 691 (58%) are 2+ year veterans, 99 entered 1–2 years ago, and 400 (34%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 59% AUM from top-100 funds

59% from top-100 AUM funds
70 of 1176 holders are among the 100 largest funds by AUM, controlling 59% of total institutional value in WAT. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
5.2
out of 10
Moderate Exit Risk
Exit risk score 5.2/10 — 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 — WAT

In 2026 Q2, 520 hedge funds were net buyers of WAT (170 opened a new position, 350 added to an existing one), while 634 reduced or exited (474 trimmed, 160 sold completely) — a 45% buyer ratio, indicating roughly balanced activity. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 59% of total institutional value in WAT is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +10 funds (more new holders than closures). Total institutional holders: 1177.

Hedge Fund Ownership: WAT

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

Market Analysis: WAT

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: WAT

-- --

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

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Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

41 top-rated funds 6 high-conviction
Consensus
7.0
/ 10
breadth
×
Elite
3.8
/ 10
conviction
Hedge Fund Positioning: WAT
1K + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 1163 1167 -0.34%
13F Shares 98M 93M 4.81%
Total Value $34.49B $26.42B 30.56%
New Positions 168 467 -299
Increased Positions 343 557 -214
Closed Positions 171 98 +73
Reduced Positions 466 111 +355
Total Calls 8 8 -
Total Puts 6 6 -
PUT/CALL Ratio 0.75 0.75 Neutral

Statistics: WAT

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

1K + investors

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

QUARTER:
Top 25 WAT holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Fundsmith Investment Services LTD. 6.95% 837,764 $314.2M
2 Fundsmith LLP 6.25% 2,273,632 $852.7M
3 Veritas Asset Management LLP 5.75% 851,624 $319.4M
4 Rivermont Capital Management LP 3.48% 65,467 $24.6M
5 Beck Mack & Oliver LLC 3.17% 434,149 $162.8M
6 Mawer Investment Management Ltd. 3.10% 1,216,947 $456.4M
7 Hutchinson Capital Management/Ca 2.98% 46,381 $17.4M
8 Arvin Capital Management LP 2.74% 55,975 $21.0M
9 Schaper Benz & Wise Investment Counsel Inc/Wi 2.62% 104,525 $39.2M
10 Pacific Capital Partners Ltd 2.56% 7,896 $3.0M
11 Figure 8 Investment Strategies LLC 2.51% 7,906 $3.0M
12 Findlay Park Partners LLP 2.29% 451,925 $169.5M
13 Jones Kertz & Associates, Inc. 2.10% 12,173 $4.6M
14 Liontrust Investment Partners LLP 1.98% 358,979 $134.6M
15 PFM Health Sciences, LP 1.93% 59,825 $22.4M
16 Xn LP 1.91% 193,146 $72.4M
17 Viking Global Investors LP 1.78% 1,662,140 $623.4M
18 Robinson Value Management, Ltd. 1.74% 8,643 $3.2M
19 Sone Capital Management, LLC 1.73% 60,706 $22.8M
20 Meridiem Capital Partners LP 1.67% 99,260 $37.2M
21 Independent Investors Inc 1.48% 20,663 $7.7M
22 Dudley & Shanley, INC. 1.34% 23,590 $8.8M
23 Empyrean Capital Partners, LP 1.31% 105,500 $39.6M
24 Graybill Wealth Management, LTD. 1.29% 12,758 $4.8M
25 Smith Group Asset Management, LLC 1.27% 83,123 $31.2M
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 — Waters Corp (WAT)

What does the Smart Money Trend signal show for WAT?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added WAT 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 WAT?

More sellers than buyers — 45% buying: Last quarter: 634 funds reduced or exited vs 520 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 WAT holders?

Elite ownership — 59% AUM from top-100 funds: 70 of 1176 holders are among the 100 largest funds by AUM, controlling 59% of total institutional value in WAT. 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 WAT?

51% of holders stayed for 2+ years: 605 out of 1,177 hedge funds have held WAT 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.

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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