Question 1

What does a full exit indicate?

Accepted Answer

A full exit means the fund reported zero shares this quarter after holding a positive position last quarter. Exits are noisier than entries — they can mean profit-taking, rebalancing, or a thesis change — but exits of high-weight positions (>1% of portfolio) are typically the most information-rich.

Question 2

How do I find meaningful exits vs noise?

Accepted Answer

Sort by previous Weight (was_weight) to see exits where the position was a meaningful share of the fund's portfolio. A fund exiting a 5% position is far more meaningful than dropping a 0.01% holding.

Question 3

Are exit alerts predictive of stock declines?

Accepted Answer

Not on their own. Single-fund exits can be idiosyncratic. The Smart Money Convergence page synthesizes exits with insider sales, activist activity, and congressional trades — the aggregate read carries more weight than any individual exit.

Full Exits