Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Watsco Inc (WSO)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +8
Streak
1Q ▲
Buyers last Q
54%

Smart Money Signals — WSO

Based on 767 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added WSO 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
767 funds currently hold this stock — 93% of the 3.0-year high of 825 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 7% fewer funds vs a year ago

fund count last 6Q
58 fewer hedge funds hold WSO compared to a year ago (-7% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 54% buying

390 buying337 selling
Last quarter: 390 funds bought or added vs 337 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.
⚠️

Fewer new buyers each quarter (-8 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 79 → 80 → 112 → 104. 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.
🔒

65% of holders stayed for 2+ years

■ 65% conviction (2yr+) ■ 18% medium ■ 17% new
496 out of 767 hedge funds have held WSO 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

98 → 79 → 80 → 112 → 104 new funds/Q
New funds entering each quarter: 79 → 80 → 112 → 104. A growing number of institutions are discovering WSO each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 69% of holders stayed 2+ years

■ 69% veterans ■ 12% 1-2yr ■ 20% new
Of 778 current holders: 533 (69%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 47% AUM from top-100 funds

47% from top-100 AUM funds
65 of 767 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in WSO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — 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 — WSO

In 2026 Q1, 390 hedge funds were net buyers of WSO (104 opened a new position, 286 added to an existing one), while 337 reduced or exited (241 trimmed, 96 sold completely) — a 54% buyer ratio, indicating a slight buying edge. 47% of total institutional value in WSO is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +8 funds (more new holders than closures). Total institutional holders: 767.

Hedge Fund Ownership: WSO

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

Market Analysis: WSO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: WSO

-- --

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

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

Signal Freshness measures how much WSO has moved relative to its sector benchmark (XLI) 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 · 73d ago
WSO
+4.6%
XLI
-76.3%

WSO outperformed XLI by +80.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 28d ago
WSO
-5.6%
XLI
-6.5%

Since the filing became public, WSO outperformed XLI by +0.9% .

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.

52 top-rated funds 5 high-conviction
Consensus
7.5
/ 10
breadth
×
Elite
3.2
/ 10
conviction
Hedge Fund Positioning: WSO
764 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 764 759 0.66%
13F Shares 39M 38M 0.92%
Total Value $13.84B $12.59B 9.91%
New Positions 103 112 -9
Increased Positions 285 224 +61
Closed Positions 98 121 -23
Reduced Positions 238 319 -81
Total Calls 5 6 -16.67%
Total Puts 8 7 14.29%
PUT/CALL Ratio 1.6 1.17 Bearish

Statistics: WSO

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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

764 + investors

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

QUARTER:
Top 25 WSO holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Caledonia Investments plc 9.89% 232,927 $84.7M
2 Patrick Mauro Investment Advisor, INC. 6.43% 35,170 $12.8M
3 Crown Oak Advisors, LLC 4.94% 27,097 $9.9M
4 Vantage Investment Partners, LLC 4.31% 171,864 $62.5M
5 Taylor Securities Services, Inc. 4.05% 23,825 $8.7M
6 SG Capital Management LLC 3.89% 161,191 $58.6M
7 Dudley & Shanley, INC. 3.31% 55,692 $20.3M
8 Redmond Asset Management, LLC 3.04% 30,579 $11.1M
9 Hamlin Capital Management, LLC 2.96% 337,335 $122.7M
10 Pembroke Management, LTD 2.73% 51,878 $18.9M
11 Grace & White Inc /Ny 2.71% 42,200 $15.4M
12 SG Capital Management LLC 2.42% 100,000 $36.4M
13 Intrinsic Edge Capital Management LLC 2.41% 40,000 $14.6M
14 Kensington Investment Counsel, LLC 2.34% 13,372 $4.9M
15 Wilkinson Global Asset Management LLC 2.16% 78,084 $28.4M
16 Donaldson Capital Management, LLC 1.91% 162,639 $59.2M
17 Cutter & CO Brokerage, Inc. 1.81% 15,020 $7.6M
18 Markel Group INC. 1.77% 582,169 $211.8M
19 Dearborn Partners LLC 1.76% 89,590 $32.6M
20 Running Oak Capital LLC 1.71% 34,761 $12.6M
21 Buckhead Capital Management LLC 1.70% 12,430 $4.5M
22 LaFleur & Godfrey LLC 1.68% 37,030 $13.5M
23 Prospect Capital Advisors, LLC 1.58% 7,810 $2.8M
24 Monte Financial Group, LLC 1.51% 11,712 $4.3M
25 Bath Savings Trust Co 1.46% 37,618 $13.7M
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 — Watsco Inc (WSO)

What does the Smart Money Trend signal show for WSO?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added WSO 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 WSO?

Slight buying edge — 54% buying: Last quarter: 390 funds bought or added vs 337 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 WSO holders?

Elite ownership — 47% AUM from top-100 funds: 65 of 767 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in WSO. 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 WSO?

65% of holders stayed for 2+ years: 496 out of 767 hedge funds have held WSO 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 Watsco Inc (WSO) following the 2026 Q1 hedge fund 13F filings?

As of today, WSO has moved -5.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to -6.5% for the XLI sector ETF — an outperformance of +0.9%. Since the quarter end (March 31, 2026), WSO has gained +4.6% vs -76.3% for XLI. 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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