Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Wave Life Sciences Ltd (WVE)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +1
Streak
4Q ▲
Buyers last Q
59%

Smart Money Signals — WVE

Based on 235 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added WVE 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
235 hedge funds hold WVE 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 — +34% more funds vs a year ago

fund count last 6Q
+59 new funds entered over the past year (+34% 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 — 59% buying

152 buying104 selling
Last quarter: 152 funds bought or added vs 104 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.
➡️

Steady new buyers — ~50 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 31 → 71 → 52 → 50. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

44% of holders stayed for 2+ years

■ 44% conviction (2yr+) ■ 23% medium ■ 33% new
103 out of 235 hedge funds have held WVE 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.
➡️

Steady discovery — ~50 new funds/quarter

24 → 31 → 71 → 52 → 50 new funds/Q
New funds entering each quarter: 31 → 71 → 52 → 50. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 51% veterans vs 33% newcomers

■ 51% veterans ■ 15% 1-2yr ■ 33% new
Entry-cohort mix of 245 holders: 126 (51%) are 2+ year veterans, 37 entered 1–2 years ago, and 82 (33%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 43% AUM from top-100 funds

43% from top-100 AUM funds
49 of 233 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in WVE. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — 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 — WVE

In 2026 Q2, 152 hedge funds were net buyers of WVE (50 opened a new position, 102 added to an existing one), while 104 reduced or exited (55 trimmed, 49 sold completely) — a 59% buyer ratio, indicating a slight buying edge. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 43% of total institutional value in WVE is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 235.

Hedge Fund Ownership: WVE

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

Market Analysis: WVE

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: WVE

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

13 top-rated funds 2 high-conviction
Consensus
5.0
/ 10
breadth
×
Elite
2.3
/ 10
conviction
Hedge Fund Positioning: WVE
232 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 232 234 -0.85%
13F Shares 182M 177M 2.96%
Total Value $1.04B $1.20B -13.33%
New Positions 50 52 -2
Increased Positions 97 106 -9
Closed Positions 50 37 +13
Reduced Positions 54 48 +6
Total Calls 8 14 -42.86%
Total Puts 4 9 -55.56%
PUT/CALL Ratio 0.5 0.64 Bullish

Statistics: WVE

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Institutional Holders (2026 Q2)

232 + investors

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

QUARTER:
Top 25 WVE holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 M28 Capital Management LP 56.53% 4,588,284 $26.7M
2 GSK plc 17.60% 18,245,691 $106.0M
3 Pfizer Inc 6.42% 1,875,000 $10.9M
4 683 Capital Management, LLC 1.41% 4,950,000 $28.8M
5 Ishara Investments LP 1.40% 328,000 $1.9M
6 Ra Capital Management, L.P. 1.36% 26,975,505 $156.7M
7 Readystate Asset Management LP 0.94% 4,727,139 $27.5M
8 Maverick Capital Ltd 0.53% 10,278,115 $59.7M
9 Sphera Funds Management LTD. 0.48% 638,272 $3.7M
10 Platinum Investment Management Ltd 0.39% 275,269 $1.6M
11 Bayforest Capital Ltd 0.26% 48,854 $284K
12 Elmind Capital, LP 0.26% 177,846 $1.0M
13 Privium Fund Management B.V. 0.26% 241,010 $1.4M
14 Algert Global LLC 0.19% 2,817,615 $16.4M
15 Driehaus Capital Management LLC 0.18% 5,443,143 $31.6M
16 AlphaCentric Advisors LLC 0.18% 35,670 $207K
17 Emerald Mutual Fund Advisers Trust 0.17% 847,999 $4.9M
18 Emerald Advisers, LLC 0.17% 1,223,965 $7.1M
19 Tang Capital Management LLC 0.16% 600,000 $3.5M
20 Newtyn Management, LLC 0.16% 215,000 $1.2M
21 Bridgefront Capital, LLC 0.16% 101,454 $589K
22 Capstone Capital Management Ltd 0.14% 53,115 $309K
23 Knott David M Jr 0.12% 40,000 $232K
24 Matisse Capital 0.11% 45,723 $266K
25 Carolina Wealth Management Inc 0.09% 32,500 $189K
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 — Wave Life Sciences Ltd (WVE)

What does the Smart Money Trend signal show for WVE?

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

Slight buying edge — 59% buying: Last quarter: 152 funds bought or added vs 104 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 WVE holders?

Elite ownership — 43% AUM from top-100 funds: 49 of 233 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in WVE. 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 WVE?

44% of holders stayed for 2+ years: 103 out of 235 hedge funds have held WVE 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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