Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Ziff Davis Inc (ZD)

262 + 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
↓ -5
Streak
4Q ▼
Buyers last Q
43%

Smart Money Signals — ZD

Based on 266 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 4 quarters in a row

last 6Q
For 4 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 (97% of max)

97% of all-time peak
266 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 (-9 funds, -3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 43% buying

121 buying161 selling
Last quarter: 161 funds reduced or exited vs 121 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 — ~50 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 53 → 46 → 47 → 50. 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+) ■ 18% medium ■ 18% new
168 out of 266 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.
💰

Value +25% but shares only +5% — price-driven

Value
+25%
Shares
+4%
Last quarter: the total dollar value of institutional holdings rose +25%, but actual share count only changed +5%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
➡️

Steady discovery — ~50 new funds/quarter

53 → 53 → 46 → 47 → 50 new funds/Q
New funds entering each quarter: 53 → 46 → 47 → 50. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 68% veterans vs 21% newcomers

■ 68% veterans ■ 11% 1-2yr ■ 21% new
Entry-cohort mix of 272 holders: 184 (68%) are 2+ year veterans, 31 entered 1–2 years ago, and 57 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 53% AUM from top-100 funds

53% from top-100 AUM funds
53 of 264 holders are among the 100 largest funds by AUM, controlling 53% 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 Q2, 121 hedge funds were net buyers of ZD (50 opened a new position, 71 added to an existing one), while 161 reduced or exited (106 trimmed, 55 sold completely) — a 43% buyer ratio, indicating roughly balanced activity. This extends a 4-quarter selling streak, suggesting sustained institutional caution. 53% of total institutional value in ZD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -5 funds (more exits than new entries). Total institutional holders: 266.

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

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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 6 high-conviction
Consensus
5.0
/ 10
breadth
×
Elite
5.2
/ 10
conviction
Hedge Fund Positioning: ZD
262 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 262 271 -3.32%
13F Shares 41M 42M -1.12%
Total Value $2.08B $1.70B 22.52%
New Positions 50 47 +3
Increased Positions 70 76 -6
Closed Positions 57 48 +9
Reduced Positions 103 113 -10
Total Calls 5 2 150.0%
Total Puts 3 4 -25.0%
PUT/CALL Ratio 0.6 2.0 Bullish

Statistics: ZD

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Institutional Holders (2026 Q2)

262 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Varde Management, L.P. 47.76% 624,028 $32.7M
2 Pale Fire Capital SE 9.85% 2,660,554 $139.3M
3 CDAM (UK) Ltd 6.13% 453,502 $23.7M
4 Whitefort Capital Management, LP 5.40% 418,389 $21.9M
5 Brave Asset Management Inc 5.27% 470,282 $24.6M
6 Monimus Capital Management, LP 3.05% 251,527 $13.2M
7 Rice Hall James & Associates, LLC 2.09% 821,496 $43.0M
8 Converium Capital Inc. 1.67% 250,000 $13.1M
9 Aldebaran Capital, LLC 1.62% 41,172 $2.2M
10 Beartown Capital Management, LLC 1.50% 65,000 $3.4M
11 Corbyn Investment Management Inc/Md 0.98% 64,909 $3.4M
12 Hussman Strategic Advisors, INC. 0.89% 73,500 $3.8M
13 Clark Estates Inc/Ny 0.75% 62,425 $3.3M
14 Miller Value Partners, LLC 0.63% 50,602 $2.7M
15 Cambria Investment Management, L.P. 0.57% 221,773 $11.6M
16 S&T Bank/Pa 0.44% 28,140 $1.5M
17 CastleKnight Management LP 0.42% 596,254 $31.2M
18 Bridgeway Capital Management, LLC 0.22% 243,235 $12.7M
19 Edgestream Partners, L.P. 0.16% 102,722 $5.4M
20 IQ EQ FUND MANAGEMENT (IRELAND) Ltd 0.15% 45,563 $2.4M
21 Tocqueville Asset Management L.P. 0.14% 196,217 $10.3M
22 Corsair Capital Management, L.P. 0.13% 20,000 $1.0M
23 Radnor Capital Management, LLC 0.08% 11,008 $576K
24 Jupiter Topco LLC 0.08% 3,587,806 $187.9M
25 CastleKnight Management LP 0.07% 100,000 $5.2M
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 — Ziff Davis Inc (ZD)

What does the Smart Money Trend signal show for ZD?

Selling streak — 4 quarters in a row: For 4 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 — 43% buying: Last quarter: 161 funds reduced or exited vs 121 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 — 53% AUM from top-100 funds: 53 of 264 holders are among the 100 largest funds by AUM, controlling 53% 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: 168 out of 266 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.

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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