Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Ermenegildo Zegna N V (ZGN)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -3
Streak
1Q ▼
Buyers last Q
49%

Smart Money Signals — ZGN

Based on 120 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their ZGN 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 (98% of max)

98% of all-time peak
120 hedge funds hold ZGN 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 — +40% more funds vs a year ago

fund count last 6Q
+34 new funds entered over the past year (+40% 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.
🟠

More sellers than buyers — 49% buying

61 buying64 selling
Last quarter: 64 funds reduced or exited vs 61 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 — ~20 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 38 → 29 → 25 → 20. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 29% long-term, 27% new

■ 29% conviction (2yr+) ■ 44% medium ■ 27% new
Of the 120 current holders: 35 (29%) held >2 years, 53 held 1–2 years, and 32 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.
📊

Peak discovery — momentum slowing

27 → 38 → 29 → 25 → 20 new funds/Q
New funds entering each quarter: 38 → 29 → 25 → 20. ZGN 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 — 52% veterans vs 37% newcomers

■ 52% veterans ■ 12% 1-2yr ■ 37% new
Entry-cohort mix of 120 holders: 62 (52%) are 2+ year veterans, 14 entered 1–2 years ago, and 44 (37%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 14% AUM from top-100

14% from top-100 AUM funds
34 of 120 holders rank in the top 100 by AUM, but together hold only 14% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — 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 — ZGN

In 2026 Q1, 61 hedge funds were net buyers of ZGN (20 opened a new position, 41 added to an existing one), while 64 reduced or exited (41 trimmed, 23 sold completely) — a 49% buyer ratio, indicating roughly balanced activity. Net fund flow last quarter: -3 funds (more exits than new entries). Total institutional holders: 120.

Hedge Fund Ownership: ZGN

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

Market Analysis: ZGN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ZGN

-- --

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

Is It Too Late to Buy Ermenegildo Zegna N V (ZGN) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ZGN has moved relative to its sector benchmark (XLY) 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 · 83d ago
ZGN
+33.1%
XLY
+7.5%

ZGN outperformed XLY by +25.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 38d ago
ZGN
+10.3%
XLY
+0.5%

Since the filing became public, ZGN outperformed XLY by +9.8% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

16 top-rated funds 0 high-conviction
Consensus
5.3
/ 10
breadth
×
Elite
0.6
/ 10
conviction
Hedge Fund Positioning: ZGN
119 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 119 123 -3.25%
13F Shares 65M 60M 8.32%
Total Value $634M $573M 10.64%
New Positions 19 25 -6
Increased Positions 41 40 +1
Closed Positions 23 16 +7
Reduced Positions 41 39 +2
Total Calls 0 1 -100.0%
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: ZGN

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Beta (5Y Monthly) --
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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

119 + investors

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

QUARTER:
Top 25 ZGN holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 QVIDTVM Management LLC 6.73% 525,893 $5.5M
2 Tabor Asset Management, LP 6.03% 1,438,546 $15.0M
3 Temasek Holdings (Private) Ltd 0.93% 27,242,276 $283.9M
4 Spectrum Strategic Capital Management, LLC 0.64% 114,322 $1.2M
5 Osborne Partners Capital Management, LLC 0.52% 942,458 $9.8M
6 Portolan Capital Management, LLC 0.39% 710,626 $7.4M
7 Barrow Hanley Mewhinney & Strauss LLC 0.14% 4,197,254 $43.7M
8 Fideuram - Intesa Sanpaolo Private Banking S.P.A. 0.13% 354,608 $3.7M
9 Lombard Odier Asset Management (USA) Corp 0.13% 115,000 $1.2M
10 Eurizon Capital SGR S.p.A. 0.07% 2,010,144 $20.9M
11 Next Capital Management LLC 0.06% 18,275 $190K
12 PDT Partners, LLC 0.05% 88,668 $924K
13 Edmond de Rothschild Holding S.A. 0.05% 360,000 $3.8M
14 Numerai GP LLC 0.05% 47,882 $499K
15 Occudo Quantitative Strategies LP 0.05% 73,924 $896K
16 Central Pacific Bank - Trust Division 0.04% 33,810 $352K
17 Harris Associates L P 0.04% 2,911,800 $30.3M
18 Renaissance Group LLC 0.04% 92,625 $965K
19 Artisan Partners Limited Partnership 0.03% 1,840,151 $19.2M
20 Walleye Capital LLC 0.03% 665,851 $6.9M
21 Point72 Asset Management, L.P. 0.03% 1,977,316 $20.6M
22 CastleKnight Management LP 0.02% 109,200 $1.1M
23 State of Wyoming 0.02% 14,377 $150K
24 Moore Capital Management, LP 0.01% 50,000 $521K
25 American Century Companies Inc 0.01% 1,572,898 $16.4M
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 — Ermenegildo Zegna N V (ZGN)

What does the Smart Money Trend signal show for ZGN?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their ZGN 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 ZGN?

More sellers than buyers — 49% buying: Last quarter: 64 funds reduced or exited vs 61 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 ZGN holders?

Smaller funds dominant — 14% AUM from top-100: 34 of 120 holders rank in the top 100 by AUM, but together hold only 14% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held ZGN?

Mixed — 29% long-term, 27% new: Of the 120 current holders: 35 (29%) held >2 years, 53 held 1–2 years, and 32 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 Ermenegildo Zegna N V (ZGN) following the 2026 Q1 hedge fund 13F filings?

As of today, ZGN has moved +10.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.5% for the XLY sector ETF — an outperformance of +9.8%. Since the quarter end (March 31, 2026), ZGN has gained +33.1% vs +7.5% for XLY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near 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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