13FPulse
LI

LIND LINDBLAD EXPEDITIONS HOLDING

2026Q2 · CUSIP 535219109 · Sector: Industrials

Piling in

Net holder growth ranks near the top of the market

Funds that own it
220
Institutions that reported holding it to the SEC
Net increase in holders
+23
Last quarter 197 → now 220
How unusual is that
Top 20%
Stronger buying than 85% of US stocks
What the filings say, in one paragraph

220 funds held LIND at the end of 2026Q2, up 23 from the quarter before. That is stronger buying than 85.4% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $831M(YoY +18.3%). LIND has had 9 buying rushes in its history, and the price moved -0.5% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Industrials sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2015Q4: holders=51 2016Q1: holders=66 2016Q2: holders=79 2016Q3: holders=72 2016Q4: holders=70 2017Q1: holders=63 2017Q2: holders=63 2017Q3: holders=75 2017Q4: holders=76 2018Q1: holders=75 2018Q2: holders=89 2018Q3: holders=91 2018Q4: holders=100 2019Q1: holders=116 2019Q2: holders=111 2019Q3: holders=120 2019Q4: holders=115 2020Q1: holders=99 2020Q2: holders=96 2020Q3: holders=107 2020Q4: holders=108 2021Q1: holders=103 2021Q2: holders=96 2021Q3: holders=102 2021Q4: holders=107 2022Q1: holders=105 2022Q2: holders=100 2022Q3: holders=113 2022Q4: holders=116 2023Q1: holders=120 2023Q2: holders=115 2023Q3: holders=121 2023Q4: holders=129 2024Q1: holders=130 2024Q2: holders=137 2024Q3: holders=136 2024Q4: holders=164 2025Q1: holders=152 2025Q2: holders=165 2025Q3: holders=174 2025Q4: holders=189 2026Q1: holders=197 2026Q2: holders=220 -28 -14 +0 +14 +28 45138231 15Q417Q118Q219Q320Q422Q123Q224Q325Q426Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 9 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 20%
2024Q4 Top 20% -16.7% +3.8%
2022Q3 Top 20% +10.3% -0.5%
2019Q1 Top 20% +14.5% -5.2%
2018Q2 Top 20% -10.1% -9.7%
2017Q3 Top 20% -14.6% +20.9%
2016Q2 Top 20% +8.5% +6.6%
2016Q1 Top 20% -12.8% -5.3%
2015Q4 Top 20% -2.4% -14.8%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
118
Change in large funds
+19
Total value they hold
$1.5B
Funds buying for the first time
56
Funds that sold out entirely
33
Price change that quarter
+32.5%
Funds holding puts (bearish)
1
Funds holding calls (bullish)
1

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
EPS (TTM)
$-0.38
EPS YoY
Revenue (TTM)
$0.8B
Revenue YoY
+18.3%
Net margin
-2.1%
ROE
Debt ratio
115.7%
FCF (TTM)
$109M
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2021-09-30: EPS -0.50 2021-12-31: EPS -0.54 2022-03-31: EPS -0.85 2022-06-30: EPS -0.59 2022-09-30: EPS -0.18 2022-12-31: EPS -0.61 2023-03-31: EPS -0.01 2023-06-30: EPS -0.48 2023-09-30: EPS 0.08 2023-12-31: EPS -0.53 2024-03-31: EPS -0.10 2024-06-30: EPS -0.48 2024-09-30: EPS 0.36 2024-12-31: EPS -0.45 2025-03-31: EPS 0.00 2025-06-30: EPS -0.18 2025-09-30: EPS 0.00 2025-12-31: EPS -0.45 2026-03-31: EPS 0.09 2026-06-30: EPS -0.02 0M 120M 240M $M -0.93 -0.27 0.40 2016201720182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

Quarterly free cash flow
-101M-29M43M 20162017201820192020202120222023202420252026
Latest quarter $43M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.