undamentalytics Newsletter

Aehr Test Systems: which funds bought and sold

Institutions that bought and sold Aehr Test Systems shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 173 institutions that filed 13F reports for both quarters added to or opened positions in Aehr Test Systems, and 100 cut or closed them. Together they added a net 791K shares, +3.5% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 55K shares (−0.8%); index fund managers were net buyers of 761K shares (+11.6%). 100 opened a new position and 30 sold out entirely.

Bought, Q2 2026 173 institutions, 100 of them new holders Sold, Q2 2026 100 institutions, 30 of them sold out
Net change, all compared +791K shares (+3.5%)
Net change, active managers −55K shares (−0.8%), 28 bought, 18 sold

Buyers versus sellers

institutions compared, 286
Active managers and hedge funds 28 bought · 18 sold · −55K
Index fund managers 11 bought · 0 sold · +761K
Other institutions 134 bought · 82 sold · +85K

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
Two Sigma Investments, LP Hedge fund +950K +443.3% 1.2M $112M
D. E. Shaw & Co., Inc. Hedge fund +836K +244.6% 1.2M $113M
Jpmorgan Chase & Co +542K +284.9% 733K $69.6M
Jane Street Group, LLC +476K +172.0% 754K $72.4M
Connor, Clark & Lunn Investment Management Ltd. +452K +206.5% 671K $64.4M
Blackrock, Inc. Index funds +373K +16.3% 2.7M $255M
Marshall Wace, LLP Hedge fund +373K +3648.3% 383K $36.8M
T. Rowe Price Investment Management, Inc. Active manager +318K New position 318K $30.6M
Morgan Stanley +315K +190.0% 480K $46.1M
Citadel Advisors LLC Hedge fund +259K +183.6% 401K $38.5M
Science & Technology Partners, L.P. +249K New position 249K $23.9M
Driehaus Capital Management LLC Active manager +238K New position 238K $22.9M
Trexquant Investment LP Hedge fund +202K New position 202K $19.4M
Neuberger Berman Group LLC Active manager +168K New position 168K $16.1M
Tudor Investment Corp Et Al Hedge fund +156K +324.4% 205K $19.6M
Kadensa Capital Ltd +155K New position 155K $14.9M
Penn Capital Management Company, LLC Active manager +151K New position 151K $14.5M
Geode Capital Management, LLC Index funds +150K +20.6% 876K $84.1M
Berkshire Capital Holdings Inc +143K New position 143K $13.7M
BNP Paribas Financial Markets +139K +2205.1% 146K $14M

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
Awm Investment Company, Inc. −1.2M −76.5% 375K $36M
FMR LLC Active manager −1.1M −53.0% 1.0M $96.7M
Price T Rowe Associates Inc Active manager −842K −62.4% 507K $48.7M
Baillie Gifford & Co Active manager −797K −79.6% 204K $19.6M
William Blair Investment Management, LLC Active manager −513K Sold out 0 —
Goldman Sachs Group Inc −452K −35.8% 810K $77.8M
Silvercrest Asset Management Group LLC −344K Sold out 0 —
Gilder Gagnon Howe & Co LLC Active manager −344K −77.4% 100K $9.6M
Next Century Growth Investors LLC −344K −45.6% 411K $39.5M
Walleye Capital LLC Hedge fund −267K −99.9% 191 $18,347
Susquehanna International Group, LLP −185K −91.7% 17K $1.6M
Rice Hall James & Associates, LLC −185K −67.8% 88K $8.4M
Exoduspoint Capital Management, LP Hedge fund −94K Sold out 0 —
UBS Group AG −78K −31.5% 169K $16.2M
Kennedy Capital Management LLC Active manager −76K Sold out 0 —
Penbrook Management LLC −74K −93.5% 5,200 $499,512
Pier Capital, LLC −67K −52.4% 60K $5.8M
Klcm Advisors, Inc. −65K −86.7% 10K $960,600
Kestra Advisory Services, LLC −60K Sold out 0 —
Johnson Financial Group, LLC −54K −77.9% 15K $1.5M

New positions

largest by value
InstitutionSharesValue June 30, 2026
T. Rowe Price Investment Management, Inc.Active manager 318K $30.6M
Science & Technology Partners, L.P. 249K $23.9M
Driehaus Capital Management LLCActive manager 238K $22.9M
Trexquant Investment LPHedge fund 202K $19.4M
Neuberger Berman Group LLCActive manager 168K $16.1M
Kadensa Capital Ltd 155K $14.9M
Penn Capital Management Company, LLCActive manager 151K $14.5M
Berkshire Capital Holdings Inc 143K $13.7M
Renaissance Technologies LLCHedge fund 135K $12.9M
Algert Global LLCHedge fund 82K $7.9M

Sold out

largest by value
InstitutionSharesValue March 31, 2026
William Blair Investment Management, LLCActive manager 513K $19M
Silvercrest Asset Management Group LLC 344K $12.8M
Exoduspoint Capital Management, LPHedge fund 94K $3.5M
Kennedy Capital Management LLCActive manager 76K $2.8M
Kestra Advisory Services, LLC 60K $2.2M
Gratia Capital, LLC 52K $1.9M
Imc-Chicago, LLC 51K $1.9M
Sandler Capital Management 28K $1M
G2 Investment Partners Management LLC 25K $927,000
Squarepoint Ops LLCHedge fund 24K $874,569

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
261
Ten largest holders
49.3%
of 13F-reported shares
Index fund managers
31.5%
of 13F-reported shares
Active managers and hedge funds
30.8%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 28 18 15 10 −55K −0.8%
Index fund managers 11 0 1 0 +761K +11.6%
Other institutions 134 82 84 20 +85K +1.0%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

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