Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Workday Inc (WDAY)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -149
Streak
1Q ▼
Buyers last Q
44%

Smart Money Signals — WDAY

Based on 937 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 WDAY 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 — 83% of 3.0Y peak

83% of all-time peak
937 funds currently hold this stock — 83% of the 3.0-year high of 1,123 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 17% fewer funds vs a year ago

fund count last 6Q
186 fewer hedge funds hold WDAY compared to a year ago (-17% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 44% buying

513 buying645 selling
Last quarter: 645 funds reduced or exited vs 513 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 — ~152 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 126 → 145 → 157 → 152. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

63% of holders stayed for 2+ years

■ 63% conviction (2yr+) ■ 18% medium ■ 20% new
586 out of 937 hedge funds have held WDAY 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 -3%, value -40%

Value
-39%
Shares
-3%
Last quarter: funds added -3% more shares while total portfolio value only changed -40%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

140 → 126 → 145 → 157 → 152 new funds/Q
New funds entering each quarter: 126 → 145 → 157 → 152. A growing number of institutions are discovering WDAY each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 66% veterans vs 22% newcomers

■ 66% veterans ■ 11% 1-2yr ■ 22% new
Entry-cohort mix of 986 holders: 655 (66%) are 2+ year veterans, 112 entered 1–2 years ago, and 219 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 36% AUM from major funds

36% from top-100 AUM funds
62 of 930 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.9
out of 10
Low Exit Risk
Exit risk score 2.9/10 — 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 — WDAY

In 2026 Q1, 513 hedge funds were net buyers of WDAY (152 opened a new position, 361 added to an existing one), while 645 reduced or exited (344 trimmed, 301 sold completely) — a 44% buyer ratio, indicating roughly balanced activity. 36% of total institutional value in WDAY is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -149 funds (more exits than new entries). Total institutional holders: 937.

Hedge Fund Ownership: WDAY

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

Market Analysis: WDAY

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: WDAY

-- --

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

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

Signal Freshness measures how much WDAY has moved relative to its sector benchmark (XLK) 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 · 74d ago
WDAY
+0.7%
XLK
+37.9%

WDAY outperformed XLK by -37.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 29d ago
WDAY
+4.6%
XLK
+3.9%

Since the filing became public, WDAY outperformed XLK by +0.7% .

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 ?
Broad Consensus, Selective Conviction

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

60 top-rated funds 4 high-conviction
Consensus
7.8
/ 10
breadth
×
Elite
3.2
/ 10
conviction
Hedge Fund Positioning: WDAY
930 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 930 1086 -14.36%
13F Shares 204M 210M -3.02%
Total Value $25.77B $42.80B -39.79%
New Positions 149 157 -8
Increased Positions 352 312 +40
Closed Positions 305 156 +149
Reduced Positions 326 487 -161
Total Calls 29 31 -6.45%
Total Puts 27 29 -6.9%
PUT/CALL Ratio 0.93 0.94 Neutral

Statistics: WDAY

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

930 + investors

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

QUARTER:
Top 25 WDAY holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Lead Edge Capital Management, LLC 19.61% 615,670 $80.0M
2 Keenan Capital, LLC 9.25% 337,241 $43.8M
3 Fernbridge Capital Management LP 9.18% 1,103,072 $143.3M
4 Rivulet Capital, LLC 9.01% 38,250 $8.2M
5 Meritage Group LP 7.96% 1,623,022 $210.9M
6 TenCore Partners, LP 4.94% 48,951 $6.4M
7 Generation Investment Management LLP 4.87% 4,181,886 $543.3M
8 Hotchkis & Wiley Capital Management LLC 4.27% 10,655,733 $1.38B
9 Eagle Capital Management LLC 3.79% 8,707,006 $1.13B
10 Invenomic Capital Management LP 3.34% 559,955 $72.7M
11 Harber Asset Management LLC 3.07% 36,943 $4.8M
12 Strategic Planning, Inc. 2.95% 45,328 $5.9M
13 NZS Capital, LLC 2.31% 532,142 $69.1M
14 Allen Operations LLC 2.17% 111,992 $14.6M
15 Ceera Investments, LLC 1.94% 34,013 $4.4M
16 Mcrae Capital Management Inc 1.92% 71,137 $9.2M
17 No Street GP LP 1.73% 200,000 $26.0M
18 Monimus Capital Management, LP 1.68% 46,600 $6.1M
19 Soapstone Management L.P. 1.62% 17,500 $2.3M
20 ANTIPODES PARTNERS Ltd 1.56% 624,311 $81.1M
21 Managed Asset Portfolios, LLC 1.56% 100,011 $13.0M
22 Bristol John W & Co Inc /Ny/ 1.56% 727,404 $94.5M
23 Optimus Prime Fund Management Co., Ltd. 1.31% 105,000 $13.6M
24 First Eagle Investment Management, LLC 1.31% 7,608,713 $988.5M
25 Kazazian Asset Management, LLC 1.28% 9,000 $1.2M
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 — Workday Inc (WDAY)

What does the Smart Money Trend signal show for WDAY?

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

More sellers than buyers — 44% buying: Last quarter: 645 funds reduced or exited vs 513 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 WDAY holders?

Strong quality — 36% AUM from major funds: 62 of 930 holders rank in the top 100 by AUM, accounting for 36% 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 WDAY?

63% of holders stayed for 2+ years: 586 out of 937 hedge funds have held WDAY 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 Workday Inc (WDAY) following the 2026 Q1 hedge fund 13F filings?

As of today, WDAY has moved +4.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +3.9% for the XLK sector ETF — an outperformance of +0.7%. Since the quarter end (March 31, 2026), WDAY has gained +0.7% vs +37.9% for XLK. 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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