Smart Money Convergence
Companies where insiders are buying, institutions are adding positions, and fundamentals are improving — a rare triple-positive signal.
The information on this page is for informational purposes only and does not constitute investment advice, financial advice, or any recommendation. Billiver does not recommend buying, selling, or holding any security. Past performance is not indicative of future results.
Data may be delayed and accuracy is not guaranteed. All investment decisions are solely your responsibility. Verify information independently and consult a qualified financial advisor before investing. About · Methodology
Key Insights
50 companies currently show convergence signals. GERMAN AMERICAN BANCORP, INC. (GABC) has the highest-scoring signal at 60/100. The average signal strength across all detections is 55/100. Data sourced from SEC EDGAR Form 4, 13F, and 10-K/10-Q filings. Signal scores are for informational purposes only and do not constitute investment advice.
Why This Matters
Convergence signals indicate alignment between insider confidence and institutional validation. When corporate insiders invest their own money while institutional investors simultaneously increase positions, both groups — with different information advantages — are expressing confidence at current valuation levels. This pattern has historically drawn attention during periods of fundamental improvement.
Moderate convergence is observed across 50 companies, with an average signal strength of 55/100.
When insider purchases (Form 4) align with net institutional buying (13F) alongside improving financial metrics (10-K/10-Q), it indicates that parties with different information advantages — operational insiders and external professional investors — are independently expressing confidence at current valuation levels. This pattern has historically drawn attention in fundamental analysis.
Form 4 filings are required to be filed within 2 business days of a transaction. 13F filings are reported quarterly with up to 45-day delay. 10-K/10-Q filings are quarterly. Signal data reflects the most recent available filings and may not capture very recent activity. All data is sourced from SEC EDGAR public filings.
- -Currently tracking 50 convergence signals
50 Companies with Convergence Signals
Insider data from Form 4 filings (typically filed within 2 business days of transaction). Institutional data from 13F filings (reported quarterly, up to 45 days after quarter end). Fundamentals from 10-K/10-Q filings (quarterly). Signals are recalculated as new filings become available.
| # | Company | Score | Insider Buys | Inst. Net Buyers | Rev. Growth | Signal Date |
|---|---|---|---|---|---|---|
| 1 | GABCGERMAN AMERICAN BANCORP, INC. | 60 | - | - | - | Apr 16, 2026 |
| 2 | GABCGERMAN AMERICAN BANCORP, INC. | 60 | - | - | - | Apr 15, 2026 |
| 3 | GABCGERMAN AMERICAN BANCORP, INC. | 60 | - | - | - | Apr 14, 2026 |
| 4 | GABCGERMAN AMERICAN BANCORP, INC. | 60 | - | - | - | Apr 13, 2026 |
| 5 | GABCGERMAN AMERICAN BANCORP, INC. | 60 | - | - | - | Apr 10, 2026 |
| 6 | GABCGERMAN AMERICAN BANCORP, INC. | 60 | - | - | - | Apr 8, 2026 |
| 7 | GABCGERMAN AMERICAN BANCORP, INC. | 60 | - | - | - | Apr 7, 2026 |
| 8 | GABCGERMAN AMERICAN BANCORP, INC. | 60 | - | - | - | Apr 4, 2026 |
| 9 | GABCGERMAN AMERICAN BANCORP, INC. | 60 | - | - | - | Apr 2, 2026 |
| 10 | GABCGERMAN AMERICAN BANCORP, INC. | 60 | - | - | - | Apr 1, 2026 |
| 11 | GABCGERMAN AMERICAN BANCORP, INC. | 60 | - | - | - | Mar 31, 2026 |
| 12 | GABCGERMAN AMERICAN BANCORP, INC. | 60 | - | - | - | Mar 30, 2026 |
| 13 | GABCGERMAN AMERICAN BANCORP, INC. | 60 | - | - | - | Mar 29, 2026 |
| 14 | GABCGERMAN AMERICAN BANCORP, INC. | 60 | - | - | - | Mar 28, 2026 |
| 15 | GABCGERMAN AMERICAN BANCORP, INC. | 60 | - | - | - | Mar 26, 2026 |
| 16 | GABCGERMAN AMERICAN BANCORP, INC. | 60 | - | - | - | Mar 25, 2026 |
| 17 | GABCGERMAN AMERICAN BANCORP, INC. | 60 | - | - | - | Mar 24, 2026 |
| 18 | GABCGERMAN AMERICAN BANCORP, INC. | 60 | - | - | - | Mar 23, 2026 |
| 19 | GABCGERMAN AMERICAN BANCORP, INC. | 60 | - | - | - | Mar 22, 2026 |
| 20 | GABCGERMAN AMERICAN BANCORP, INC. | 60 | - | - | - | Mar 21, 2026 |
| 21 | GABCGERMAN AMERICAN BANCORP, INC. | 60 | - | - | - | Mar 20, 2026 |
| 22 | GABCGERMAN AMERICAN BANCORP, INC. | 60 | - | - | - | Mar 19, 2026 |
| 23 | GABCGERMAN AMERICAN BANCORP, INC. | 60 | - | - | - | Mar 18, 2026 |
| 24 | GSHDGoosehead Insurance, Inc. | 50 | - | - | - | Jun 3, 2026 |
| 25 | VITLVital Farms, Inc. | 50 | - | - | - | Jun 3, 2026 |
| 26 | SHAKShake Shack, Inc. | 50 | - | - | - | Jun 3, 2026 |
| 27 | GSHDGoosehead Insurance, Inc. | 50 | - | - | - | Jun 2, 2026 |
| 28 | SHAKShake Shack, Inc. | 50 | - | - | - | Jun 2, 2026 |
| 29 | VITLVital Farms, Inc. | 50 | - | - | - | Jun 2, 2026 |
| 30 | SHAKShake Shack, Inc. | 50 | - | - | - | Jun 1, 2026 |
| 31 | SHAKShake Shack, Inc. | 50 | - | - | - | May 31, 2026 |
| 32 | SHAKShake Shack, Inc. | 50 | - | - | - | May 30, 2026 |
| 33 | EPAMEPAM Systems | 50 | - | - | - | May 30, 2026 |
| 34 | VITLVital Farms, Inc. | 50 | - | - | - | May 29, 2026 |
| 35 | SHAKShake Shack, Inc. | 50 | - | - | - | May 29, 2026 |
| 36 | SHAKShake Shack, Inc. | 50 | - | - | - | May 28, 2026 |
| 37 | VITLVital Farms, Inc. | 50 | - | - | - | May 28, 2026 |
| 38 | SHAKShake Shack, Inc. | 50 | - | - | - | May 27, 2026 |
| 39 | EPAMEPAM Systems | 50 | - | - | - | May 27, 2026 |
| 40 | SHAKShake Shack, Inc. | 50 | - | - | - | May 25, 2026 |
| 41 | VITLVital Farms, Inc. | 50 | - | - | - | May 25, 2026 |
| 42 | SHAKShake Shack, Inc. | 50 | - | - | - | May 24, 2026 |
| 43 | VITLVital Farms, Inc. | 50 | - | - | - | May 24, 2026 |
| 44 | SHAKShake Shack, Inc. | 50 | - | - | - | May 23, 2026 |
| 45 | VITLVital Farms, Inc. | 50 | - | - | - | May 23, 2026 |
| 46 | EPAMEPAM Systems | 50 | - | - | - | May 23, 2026 |
| 47 | VITLVital Farms, Inc. | 50 | - | - | - | May 22, 2026 |
| 48 | SHAKShake Shack, Inc. | 50 | - | - | - | May 22, 2026 |
| 49 | BMIBadger Meter, Inc. | 50 | - | - | - | May 21, 2026 |
| 50 | VITLVital Farms, Inc. | 50 | - | - | - | May 21, 2026 |
What Is Smart Money Convergence?
Smart money convergence occurs when multiple independent signals align: corporate insiders purchase shares of their own company (Form 4), institutional investors increase their positions (13F filings), and the company's financial fundamentals are improving. This rare convergence indicates that people with the most knowledge about a company — both inside and outside — are making purchases at current prices.
Insider trading data from SEC EDGAR Form 4 filings. Institutional holdings from quarterly 13F filings. Financial fundamentals from 10-K and 10-Q filings. All data is public domain and does not constitute investment advice.
Signal Score Methodology
Each signal receives a score from 0 to 100 based on the following components. Only signals scoring 40 or above are shown. Scores are computed from public SEC filing data and are for informational purposes only.
Number of unique insiders purchasing shares (Form 4). More buyers = higher score.
Net new institutional buyers from 13F filings. More net buyers = higher score.
Revenue growth (YoY) and profit margin from 10-K/10-Q filings.
Minimum display threshold: 40/100. Data sources: SEC Form 4 (insider trades), 13F (institutional holdings), 10-K/10-Q (fundamentals). All data is public domain.
Other Signal Types
Related
Frequently Asked Questions
What are smart money signals?
Smart money signals are cross-referencing indicators that combine multiple SEC filing data sources — insider trading (Form 4), institutional holdings (13F), and financial fundamentals (10-K/10-Q) — to identify stocks where well-informed investors are acting with conviction. When insiders, institutions, and financial metrics all point in the same direction, it may indicate meaningful information about a company's prospects.
How are smart money signals calculated?
Signals are computed by combining three independent data sources from SEC EDGAR: (1) insider buying/selling from Form 4 filings (last 30 days), (2) institutional ownership changes from 13F filings (quarterly), and (3) fundamental metrics from 10-K/10-Q filings (revenue growth, profit margins). Each signal type has a score from 0-100 based on the strength and alignment of these factors.
How often are smart money signals updated?
The underlying data updates at different frequencies: insider trading data (Form 4) is typically filed within 2 business days of a transaction, institutional holdings (13F) are filed quarterly within 45 days of quarter end, and financial fundamentals update with each quarterly earnings filing. Signal calculations run regularly to incorporate the latest available data.
What does a convergence signal mean?
A convergence signal indicates that corporate insiders are buying shares, institutional investors are increasing their positions, and the company's financial fundamentals are improving — all at the same time. This triple-positive alignment from three independent sources suggests broad agreement among well-informed parties that the stock offers value.
Should I buy stocks based on smart money signals?
No. Smart money signals are informational tools, not investment recommendations. While they highlight interesting patterns in SEC filing data, they should be one of many inputs in your research process. Insider selling can have innocent explanations, institutional moves may lag reality by 45+ days, and past patterns do not predict future returns. Always do your own research before making investment decisions.