Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Ziff Davis Inc (ZD)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -1
Streak
3Q ▼
Buyers last Q
44%

Smart Money Signals — ZD

Based on 270 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds reduced or closed their ZD positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (99% of max)

99% of all-time peak
270 hedge funds hold ZD 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.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding ZD is almost the same as a year ago (+8 funds, +3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 44% buying

125 buying161 selling
Last quarter: 161 funds reduced or exited vs 125 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 — ~47 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 51 → 53 → 46 → 47. 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+) ■ 19% medium ■ 19% new
169 out of 270 hedge funds have held ZD 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 — ~47 new funds/quarter

41 → 51 → 53 → 46 → 47 new funds/Q
New funds entering each quarter: 51 → 53 → 46 → 47. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 68% of holders stayed 2+ years

■ 68% veterans ■ 9% 1-2yr ■ 23% new
Of 275 current holders: 187 (68%) 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 — 45% AUM from top-100 funds

45% from top-100 AUM funds
46 of 270 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in ZD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
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 — ZD

In 2026 Q1, 125 hedge funds were net buyers of ZD (47 opened a new position, 78 added to an existing one), while 161 reduced or exited (113 trimmed, 48 sold completely) — a 44% buyer ratio, indicating roughly balanced activity. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 45% of total institutional value in ZD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -1 funds (more exits than new entries). Total institutional holders: 270.

Hedge Fund Ownership: ZD

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

Market Analysis: ZD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ZD

-- --

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

Is It Too Late to Buy Ziff Davis Inc (ZD) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ZD has moved relative to its sector benchmark (XLC) 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 · 75d ago
ZD
+10.2%
XLC
+0.7%

ZD outperformed XLC by +9.5% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
ZD
+14.2%
XLC
-3.8%

Since the filing became public, ZD outperformed XLC by +18.0% .

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 ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

24 top-rated funds 4 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
3.8
/ 10
conviction
Hedge Fund Positioning: ZD
268 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 268 271 -1.11%
13F Shares 42M 44M -6.11%
Total Value $1.69B $1.56B 8.34%
New Positions 46 46 -
Increased Positions 76 96 -20
Closed Positions 49 47 +2
Reduced Positions 111 104 +7
Total Calls 2 2 -
Total Puts 4 3 33.33%
PUT/CALL Ratio 2.0 1.5 Bearish

Statistics: ZD

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Institutional Holders (2026 Q1)

268 + investors

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

QUARTER:
Top 25 ZD holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Varde Management, L.P. 45.44% 534,028 $22.4M
2 Pale Fire Capital SE 10.26% 2,783,366 $116.8M
3 CDAM (UK) Ltd 5.25% 563,667 $23.7M
4 Brave Asset Management Inc 4.62% 470,282 $19.7M
5 Monimus Capital Management, LP 2.81% 241,918 $10.2M
6 Rice Hall James & Associates, LLC 1.87% 799,818 $33.6M
7 Ewing Morris & Co. Investment Partners Ltd. 1.49% 78,643 $3.3M
8 Aldebaran Capital, LLC 1.32% 41,171 $1.7M
9 Corbyn Investment Management Inc/Md 1.29% 92,341 $3.9M
10 NewGen Asset Management Ltd 0.85% 52,500 $2.2M
11 Miller Value Partners, LLC 0.75% 68,058 $2.9M
12 Clark Estates Inc/Ny 0.70% 69,700 $2.9M
13 Incline Global Management LLC 0.67% 40,482 $1.7M
14 S&T Bank/Pa 0.60% 38,280 $1.6M
15 Range Financial Group LLC 0.54% 38,433 $1.6M
16 Cambria Investment Management, L.P. 0.51% 217,851 $9.1M
17 Invenomic Capital Management LP 0.50% 260,392 $10.9M
18 Hussman Strategic Advisors, INC. 0.48% 52,500 $2.2M
19 CastleKnight Management LP 0.30% 422,474 $17.7M
20 Corsair Capital Management, L.P. 0.28% 45,000 $1.9M
21 Bridgeway Capital Management, LLC 0.20% 234,537 $9.8M
22 IQ EQ FUND MANAGEMENT (IRELAND) Ltd 0.19% 58,315 $2.4M
23 Daytona Street Capital LLC 0.16% 5,000 $212K
24 Tocqueville Asset Management L.P. 0.14% 219,207 $9.2M
25 Edgestream Partners, L.P. 0.11% 83,140 $3.5M
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 — Ziff Davis Inc (ZD)

What does the Smart Money Trend signal show for ZD?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their ZD 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 ZD?

More sellers than buyers — 44% buying: Last quarter: 161 funds reduced or exited vs 125 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 ZD holders?

Elite ownership — 45% AUM from top-100 funds: 46 of 270 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in ZD. 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 ZD?

63% of holders stayed for 2+ years: 169 out of 270 hedge funds have held ZD 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 Ziff Davis Inc (ZD) following the 2026 Q1 hedge fund 13F filings?

As of today, ZD has moved +14.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to -3.8% for the XLC sector ETF — an outperformance of +18.0%. Since the quarter end (March 31, 2026), ZD has gained +10.2% vs +0.7% for XLC. 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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