Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Terawulf Inc (WULF)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +46
Streak
11Q ▲
Buyers last Q
57%

Smart Money Signals — WULF

Based on 459 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 11 quarters in a row

last 6Q
For 11 consecutive quarters, more hedge funds added WULF 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
459 hedge funds hold WULF 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 — +68% more funds vs a year ago

fund count last 6Q
+186 new funds entered over the past year (+68% 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.
🟡

Slight buying edge — 57% buying

295 buying222 selling
Last quarter: 295 funds bought or added vs 222 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: 48 → 93 → 126 → 115. 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.
📌

Mixed — 25% long-term, 44% new

■ 25% conviction (2yr+) ■ 30% medium ■ 44% new
Of the 459 current holders: 116 (25%) held >2 years, 139 held 1–2 years, and 204 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
🚀

Acceleration phase — new buyers rushing in

67 → 48 → 93 → 126 → 115 new funds/Q
New funds entering each quarter: 48 → 93 → 126 → 115. 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.
📊

Mixed cohorts — 26% veterans, 48% new entrants

■ 26% veterans ■ 26% 1-2yr ■ 48% new
Of 514 current holders: 133 (26%) held 2+ years, 134 held 1–2 years, 247 (48%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅

Strong quality — 28% AUM from major funds

28% from top-100 AUM funds
53 of 440 holders rank in the top 100 by AUM, accounting for 28% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
5.1
out of 10
Moderate Exit Risk
Exit risk score 5.1/10 — 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 — WULF

In 2026 Q1, 295 hedge funds were net buyers of WULF (115 opened a new position, 180 added to an existing one), while 222 reduced or exited (153 trimmed, 69 sold completely) — a 57% buyer ratio, indicating a slight buying edge. This marks 11 consecutive quarters of net institutional buying — a persistent conviction signal. 28% of total institutional value in WULF is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +46 funds (more new holders than closures). Total institutional holders: 459.

Hedge Fund Ownership: WULF

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

Market Analysis: WULF

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: WULF

-- --

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

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

Signal Freshness measures how much WULF 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
WULF
+97.4%
XLF
+1220.3%

WULF outperformed XLF by -1122.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
WULF
+27.6%
XLF
+4.8%

Since the filing became public, WULF outperformed XLF by +22.8% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to 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.

39 top-rated funds 10 high-conviction
Consensus
7.0
/ 10
breadth
×
Elite
5.0
/ 10
conviction
Hedge Fund Positioning: WULF
456 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 456 413 10.41%
13F Shares 459M 454M 0.94%
Total Value $6.48B $6.33B 2.38%
New Positions 112 126 -14
Increased Positions 155 145 +10
Closed Positions 69 41 +28
Reduced Positions 143 112 +31
Total Calls 39 43 -9.3%
Total Puts 35 35 -
PUT/CALL Ratio 0.9 0.81 Neutral

Statistics: WULF

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Institutional Holders (2026 Q1)

456 + investors

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

QUARTER:
Top 25 WULF holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Engle Capital Management, L.P. 14.50% 2,950,100 $42.6M
2 Scoggin Management LP 12.08% 8,687,500 $125.4M
3 Beartown Capital Management, LLC 10.89% 1,575,000 $22.7M
4 Scoggin Management LP 10.43% 7,500,000 $108.2M
5 Wasserstein Management, L.P. 8.08% 1,056,639 $15.2M
6 Spear Advisors LLC 7.24% 674,206 $9.7M
7 P Schoenfeld Asset Management LP 6.07% 775,000 $11.2M
8 Scoggin Management LP 5.21% 3,750,000 $54.1M
9 P Schoenfeld Asset Management LP 4.83% 616,000 $8.9M
10 Soros Capital Management LLC 4.47% 712,516 $10.3M
11 DSC Meridian Capital LP 3.99% 900,000 $13.0M
12 Clearfield Capital Management LP 3.84% 500,000 $7.2M
13 Vennlight Capital Management, LP 3.76% 258,133 $3.7M
14 RR Advisors, LLC 3.64% 909,972 $13.1M
15 Galaxy Digital Capital Management GP LLC 3.57% 234,048 $3.4M
16 Beartown Capital Management, LLC 3.46% 500,000 $7.2M
17 Marnell Management LLC 3.45% 686,762 $9.9M
18 Tiptree Advisors, LLC 3.00% 357,800 $5.2M
19 Hodges Capital Management Inc. 2.99% 2,501,589 $36.1M
20 GeoSphere Capital Management, LLC 2.64% 418,640 $6.0M
21 Lone Pine Capital LLC 2.29% 19,921,430 $287.5M
22 Lionsbridge Wealth Management LLC 2.12% 145,850 $2.1M
23 Western Standard LLC 2.09% 274,876 $4.0M
24 REX Advisers, LLC 2.08% 47,800 $690K
25 Troluce Capital Advisors LLC 2.03% 2,300,000 $33.2M
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 — Terawulf Inc (WULF)

What does the Smart Money Trend signal show for WULF?

Buying streak — 11 quarters in a row: For 11 consecutive quarters, more hedge funds added WULF 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 WULF?

Slight buying edge — 57% buying: Last quarter: 295 funds bought or added vs 222 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 WULF holders?

Strong quality — 28% AUM from major funds: 53 of 440 holders rank in the top 100 by AUM, accounting for 28% 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 WULF?

Mixed — 25% long-term, 44% new: Of the 459 current holders: 116 (25%) held >2 years, 139 held 1–2 years, and 204 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Is it too late to buy Terawulf Inc (WULF) following the 2026 Q1 hedge fund 13F filings?

As of today, WULF has moved +27.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of +22.8%. Since the quarter end (March 31, 2026), WULF has gained +97.4% vs +1220.3% for XLF. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to 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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