Signal dossier · Q4 2025

DNUT

Krispy Kreme · Consumer Discretionary

HoldLens verdict · single −100..+100 scale

SELL

−4

2Q BUY

on a signed −100 sell scale · WEAK SELL

0 tracked manager selling. MODERATE sell signal.

Unified ConvictionScore · −100..+100

Smart money + insider + track record + trend + concentration + contrarian − dissent − crowding

−4

Buy component

+-4

Dissent penalty

−0

Unanimity bonus

Quality differential

Info density

Buyers / Sellers

1 / 0

ConvictionScore v5 · 9-layer breakdown

13F superinvestor moves + Form 4 insider trades + 8-K material events. The SEC Signals trilogy.

−4

Smart money (13F)

Insider activity (Form 4)

Track record (CAGR)

-10

Trend streak

Concentration

Contrarian bonus

Event signal (8-K)

− Dissent penalty

−0

− Crowding penalty

−0

Owners: 1·Buyers: 2·Sellers: 0·Buyer-CAGR-weighted expected return: -5.2% ±0%·How this is computed

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8-quarter activity

Distinct managers buying or selling DNUT each quarter — last 2 years.

2 buy moves·0 sell moves·net buying

'24 Q1

'24 Q2

'24 Q3

'24 Q4

'25 Q1

'25 Q2

'25 Q3

'25 Q4

Buyers (new + add)Sellers (trim + exit)

Ownership breadth · 8 quarters

Breadth flat

+0 owners over 8Q

Q1 '24

Q2 '24

Q3 '24

Q4 '24

Q1 '25

Q2 '25

Q3 '25

Q4 '25

The number of superinvestors holding this name has been stable for 8 quarters. See the most-owned names across all tracked managers →

Multi-quarter conviction

Managers who have been moving the same direction on DNUT for 2+ consecutive quarters. Streaks matter far more than single-quarter moves — they reveal thesis conviction, not reactive trading.

Consecutive-quarter BUYERS

Carl Icahn
Icahn Enterprises
2Q

Smart money activity

Every tracked 13F move on DNUT — grouped by quarter, ranked by manager quality.

Smart money activity

2 buys · 0 sells across tracked 13F filings

Net signal: STRONG BUY

Q4 2025(1 move)

Portfolio manager	Activity	Share change	% portfolio
Carl IcahnElite Icahn Enterprises Adding to the Krispy Kreme recovery play.	Add 22.00%	+4.20M	2.90%

Q3 2025(1 move)

Portfolio manager	Activity	Share change	% portfolio
Carl IcahnElite Icahn Enterprises Adding to Krispy Kreme.	Add 18.00%	+3.20M	2.40%

Insider activity

What the company's own executives and directors are doing — buys are highly bullish.

Latest news

Recent headlines for DNUT — context for the moves above.

Who’s betting biggest on DNUT

Consumer Discretionary sector →

Each bar is one manager’s position size in DNUT as a % of their portfolio. Longer bar = bigger conviction bet. T1 badge marks the highest-quality track records.

Carl Icahn

2.4%

“Brand recovery play.”

AI thesis

An AI-synthesised investment thesis for DNUT, based on the 13F data above. Generated on demand — not stored or pre-computed.

AI thesis

Claude Haiku synthesis of SELL positioning from 1 institutional filers

Generate a 2-paragraph investment thesis synthesising 1 institutional holdings and the -4 conviction score.

Related smart-money signals

Derived from the same 13F filings

Same sector · Consumer Discretionary

Top conviction in this sector

All Consumer Discretionary names →

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The HoldLens signal dossier shows the unified −100..+100 ConvictionScore alongside live prices, multi-quarter trend detection, insider activity, and real-time news. Not investment advice. Methodology.