Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Zedge Inc (ZDGE)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
→ 0
Streak
1Q —
Buyers last Q
50%

Smart Money Signals — ZDGE

Based on 40 hedge funds · latest filing: 2026 Q1 · updated quarterly

➡️

No change last quarter

last 6Q
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
40 hedge funds hold ZDGE 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 — +14% more funds vs a year ago

fund count last 6Q
+5 new funds entered over the past year (+14% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 50% buying

19 buying19 selling
Last quarter: 19 funds bought or added vs 19 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 — ~6 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 11 → 5 → 5 → 6. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 25% medium ■ 15% new
24 out of 40 hedge funds have held ZDGE 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.
💎

Buying through price weakness — shares +2%, value -17%

Value
-16%
Shares
+2%
Last quarter: funds added +2% more shares while total portfolio value only changed -17%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

5 → 11 → 5 → 5 → 6 new funds/Q
New funds entering each quarter: 11 → 5 → 5 → 6. ZDGE is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 68% veterans vs 20% newcomers

■ 68% veterans ■ 12% 1-2yr ■ 20% new
Entry-cohort mix of 40 holders: 27 (68%) are 2+ year veterans, 5 entered 1–2 years ago, and 8 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 24% AUM from major funds

24% from top-100 AUM funds
16 of 39 holders rank in the top 100 by AUM, accounting for 24% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — 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 — ZDGE

In 2026 Q1, 19 hedge funds were net buyers of ZDGE (6 opened a new position, 13 added to an existing one), while 19 reduced or exited (13 trimmed, 6 sold completely) — a 50% buyer ratio, indicating a slight buying edge. 24% of total institutional value in ZDGE is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: flat (entries and exits balanced). Total institutional holders: 40.

Hedge Fund Ownership: ZDGE

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

Market Analysis: ZDGE

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ZDGE

-- --

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

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

Signal Freshness measures how much ZDGE 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 · 79d ago
ZDGE
+3.4%
XLC
+0.7%

ZDGE outperformed XLC by +2.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
ZDGE
+6.3%
XLC
-3.8%

Since the filing became public, ZDGE outperformed XLC by +10.1% .

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.

6 top-rated funds 0 high-conviction
Consensus
3.7
/ 10
breadth
×
Elite
0.0
/ 10
conviction
Hedge Fund Positioning: ZDGE
40 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 40 40 -
13F Shares 2M 2M 2.46%
Total Value $6M $7M -16.76%
New Positions 6 5 +1
Increased Positions 12 6 +6
Closed Positions 6 5 +1
Reduced Positions 13 17 -4
Total Calls 0 1 -100.0%
Total Puts 1 1 -
PUT/CALL Ratio 0.0 1.0 Bullish

Statistics: ZDGE

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

40 + investors

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

QUARTER:
Top 25 ZDGE holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Kahn Brothers Group Inc 0.04% 77,928 $228K
2 Welch Group, LLC 0.01% 45,671 $134K
3 Hillsdale Investment Management Inc. 0.00% 50,653 $148K
4 Bailard, INC. 0.00% 44,785 $131K
5 Bridgeway Capital Management, LLC 0.00% 49,359 $145K
6 NewEdge Advisors, LLC 0.00% 58,918 $59K
7 Renaissance Technologies LLC 0.00% 514,949 $1.5M
8 Centiva Capital, LP 0.00% 20,110 $59K
9 Vision Financial Markets LLC 0.00% 102 —
10 Kestra Advisory Services, LLC 0.00% 18,750 $55K
11 Cerity Partners LLC 0.00% 27,536 $81K
12 Marquette Asset Management, LLC 0.00% 152 —
13 Quent Capital, LLC 0.00% 310 —
14 Arrowstreet Capital, Limited Partnership 0.00% 30,011 $88K
15 Vanguard Fiduciary Trust Co 0.00% 60,139 $176K
16 Vanguard Capital Management LLC 0.00% 556,393 $1.6M
17 SBI Securities Co., Ltd. 0.00% 401 $1K
18 Group One Trading LLC 0.00% 4,399 $13K
19 Goldman Sachs Group Inc 0.00% 42,180 $124K
20 Simplex Trading, LLC 0.00% 7,000 $21K
21 Osaic Holdings, INC. 0.00% 2,647 $8K
22 Citadel Advisors LLC 0.00% 12,800 $38K
23 Susquehanna International Group, LLP 0.00% 11,371 $33K
24 Harbour Investments, INC. 0.00% 33 —
25 Wells Fargo & Company/Mn 0.00% 2,659 $8K
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 — Zedge Inc (ZDGE)

What does the Smart Money Trend signal show for ZDGE?

No change last quarter: The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.

What is the institutional breadth score for ZDGE?

Slight buying edge — 50% buying: Last quarter: 19 funds bought or added vs 19 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 ZDGE holders?

Strong quality — 24% AUM from major funds: 16 of 39 holders rank in the top 100 by AUM, accounting for 24% 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 ZDGE?

60% of holders stayed for 2+ years: 24 out of 40 hedge funds have held ZDGE 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 Zedge Inc (ZDGE) following the 2026 Q1 hedge fund 13F filings?

As of today, ZDGE has moved +6.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to -3.8% for the XLC sector ETF — an outperformance of +10.1%. Since the quarter end (March 31, 2026), ZDGE has gained +3.4% 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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