Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

White Mtns Ins Group Ltd (WTM)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +12
Streak
4Q ▲
Buyers last Q
53%

Smart Money Signals — WTM

Based on 363 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added WTM 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
363 hedge funds hold WTM 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.
📶

Steady growth — +15% more funds vs a year ago

fund count last 6Q
+46 new funds entered over the past year (+15% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 53% buying

165 buying144 selling
Last quarter: 165 funds bought or added vs 144 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 (-11 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 33 → 45 → 58 → 47. 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.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 19% medium ■ 18% new
231 out of 363 hedge funds have held WTM 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

26 → 33 → 45 → 58 → 47 new funds/Q
New funds entering each quarter: 33 → 45 → 58 → 47. A growing number of institutions are discovering WTM each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 66% veterans vs 20% newcomers

■ 66% veterans ■ 14% 1-2yr ■ 20% new
Entry-cohort mix of 363 holders: 241 (66%) are 2+ year veterans, 51 entered 1–2 years ago, and 71 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 33% AUM from major funds

33% from top-100 AUM funds
52 of 363 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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 — WTM

In 2026 Q1, 165 hedge funds were net buyers of WTM (47 opened a new position, 118 added to an existing one), while 144 reduced or exited (109 trimmed, 35 sold completely) — a 53% buyer ratio, indicating a slight buying edge. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 33% of total institutional value in WTM is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +12 funds (more new holders than closures). Total institutional holders: 363.

Hedge Fund Ownership: WTM

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

Market Analysis: WTM

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: WTM

-- --

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

Is It Too Late to Buy White Mtns Ins Group Ltd (WTM) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much WTM has moved relative to its sector benchmark (XLF) 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 · 78d ago
WTM
-9.0%
XLF
+1220.3%

WTM outperformed XLF by -1229.3% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
WTM
-6.4%
XLF
+4.8%

Since the filing became public, WTM outperformed XLF by -11.2% .

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.

30 top-rated funds 0 high-conviction
Consensus
6.5
/ 10
breadth
×
Elite
1.7
/ 10
conviction
Hedge Fund Positioning: WTM
360 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 360 351 2.56%
13F Shares 2M 2M -0.88%
Total Value $4.64B $4.59B 1.12%
New Positions 46 58 -12
Increased Positions 118 102 +16
Closed Positions 37 38 -1
Reduced Positions 109 123 -14
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: WTM

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Valuation Measures Data as of: --

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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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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

360 + investors

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

QUARTER:
Top 25 WTM holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Wallace Capital Management Inc. 19.88% 78,795 $173.1M
2 Elkhorn Partners Limited Partnership 17.76% 12,700 $27.9M
3 Mraz, Amerine & Associates, Inc. 7.18% 22,179 $48.7M
4 Triad Investment Management 6.05% 7,627 $16.4M
5 Speece Thorson Capital Group Inc 4.70% 9,397 $20.6M
6 River Road Asset Management, LLC 3.00% 120,519 $264.8M
7 Boussard & Gavaudan Investment Management LLP 2.92% 13,975 $31.0M
8 Cooke & Bieler LP 2.61% 104,857 $230.4M
9 Reinhart Partners, LLC. 2.36% 37,374 $82.1M
10 Fiduciary Management Inc /Wi/ 2.32% 85,066 $186.9M
11 Southeastern Asset Management Inc/Tn/ 2.04% 18,864 $41.4M
12 Regency Capital Management Inc.\DE 1.51% 1,535 $3.4M
13 Phocas Financial Corp. 1.48% 4,292 $9.4M
14 Cannell & Spears LLC 1.22% 28,027 $61.6M
15 Gendell Jeffrey L 1.13% 37,814 $83.1M
16 Autumn Glory Partners, LLC 0.87% 1,080 $2.4M
17 Pecaut & CO. 0.84% 1,172 $2.6M
18 London Co of Virginia 0.77% 57,131 $125.5M
19 Fuller & Thaler Asset Management, INC. 0.77% 104,561 $229.7M
20 Lexington Hill Partners, LLC 0.65% 520 $1.1M
21 Sage Investment Counsel LLC 0.49% 200 $439K
22 Brave Asset Management Inc 0.48% 924 $2.0M
23 Fieldview Capital Management, LLC 0.47% 729 $1.6M
24 Lee Danner & Bass Inc 0.44% 3,203 $7.0M
25 Dark Forest Capital Management LP 0.44% 2,255 $5.0M
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 — White Mtns Ins Group Ltd (WTM)

What does the Smart Money Trend signal show for WTM?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added WTM 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 WTM?

Slight buying edge — 53% buying: Last quarter: 165 funds bought or added vs 144 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 WTM holders?

Strong quality — 33% AUM from major funds: 52 of 363 holders rank in the top 100 by AUM, accounting for 33% 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 WTM?

64% of holders stayed for 2+ years: 231 out of 363 hedge funds have held WTM 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 White Mtns Ins Group Ltd (WTM) following the 2026 Q1 hedge fund 13F filings?

As of today, WTM has moved -6.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of -11.2%. Since the quarter end (March 31, 2026), WTM has gained -9.0% vs +1220.3% for XLF. 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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