Monitor the next catalyst (earnings or guidance) to see if the active manager thesis (undervalued growth) plays out. The quant exodus may create a temporary overhang, but the high-conviction buying suggests accumulation at current levels. Watch for additional 13F filings to confirm follow-through.
Executive Summary
18 institutional buyers added $59.6M in Q1 2026, led by Arrowstreet Capital (doubling to $44.9M) and Kayne Anderson Rudnick (new $14M position), while 8 sellers—dominated by quant hedge funds Tiger Global (full exit), Alyeska (near exit), and Marshall Wace (near exit)—removed $235M. The divergence suggests active asset managers see long-term value in Hinge Health, while quant funds are taking profits or rotating out, creating a mixed but conviction-driven signal.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$175.5M
▲ Buyers (18)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Arrowstreet Capital, Limited P | DOUBLED | +225.7% | $44.9M | $28.3M |
| Kayne Anderson Rudnick Investm | NEW | — | $14.0M | $14.0M |
| Franklin Resources | ADD | +50.9% | $37.0M | $7.4M |
| Morgan Stanley | ADD | +30.6% | $38.2M | $3.0M |
▼ Sellers (8)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Tiger Global | EXIT | -100% | $83.9M | -$83.9M |
| Alyeska Investment Group | NEAR_EXIT | -92.6% | $57.0M | -$53.5M |
| Marshall Wace | NEAR_EXIT | -75.2% | $54.5M | -$43.3M |
| Tudor Investment Corp Et Al | EXIT | -100% | $24.1M | -$24.1M |
| RenTech | TRIM | -42.2% | $22.0M | -$11.5M |
Key Facts
- 18 institutional buyers added $59.6M in new holdings; 8 sellers reduced $235M
- Arrowstreet Capital doubled its stake (+225.7%, value from $16.6M to $44.9M)
- Kayne Anderson Rudnick initiated a $14.0M new position
- Tiger Global fully exited an $83.9M position; Alyeska cut 92.6% ($57M→$3.5M)
- Net institutional flow was -$175.5M, driven by large quant exits
- Buyers are primarily active asset managers; sellers are quant/hedge funds
Financial Impact
Aggregate institutional buying of $59.6M (1.2% of $5.1B market cap) from 18 buyers concentrated in active managers shows strong conviction. Selling of $235M (4.6% of market cap) was dominated by quant funds, likely profit-taking or rotation.
Risk Factors
- 13F data is 45 days stale; positions may have changed since quarter-end
- Net selling outweighs buying, indicating overall institutional reduction
- Quant selling could reflect a negative momentum signal that persists
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-HNGE-2026-Q1 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 16d ago | Insider Cluster | $93.73 $94.45 | ▲ +0.77% | ▼ −2.07% | — |
Sep 14, 2026 17d ago | Insider Cluster | $92.39 $94.90 | ▲ +2.72% | ▲ +1.90% | — |
Sep 11, 2026 20d ago | Insider Cluster | $94.79 $94.45 | ▲ +0.36% | ▲ +2.02% | — |
Sep 1, 2026 4w ago | 144 | $91.85 $88.26 | ▼ −3.91% | ▼ −2.95% | — |
Aug 20, 2026 6w ago | 144 | $88.42 $87.35 | ▼ −1.21% | ▼ −1.68% | — |
Aug 4, 2026 8w ago | 8-K | $80.79 $86.32 | ▲ +6.84% | ▲ +6.49% | — |
Jul 10, 2026 12w ago | Insider Cluster | $88.80 $85.98 | ▲ +3.18% | ▲ +2.62% | — |
Jul 2, 2026 13w ago | Insider Cluster | $84.05 $89.92 | ▼ −6.98% | ▼ −6.05% | — |
Jul 2, 2026 13w ago | Insider Cluster | $84.05 $89.92 | ▼ −6.98% | ▼ −6.05% | — |
Jun 30, 2026 13w ago | Insider Cluster | $83.00 $88.52 | ▼ −6.65% | ▼ −6.05% | — |
US Market Status
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