Smart Money = large institutional players (hedge funds, banks, company executives) with informational and capital advantages over retail. QMA tracks 5 independent data layers: IAS (insiders per SEC filings), WHS (off-exchange volume), IFS (reported 13F holdings, lagged up to ~45 days), OFS (options), PTS (congressional trades). The category requires an overlap of at least 3 of 5 layers at a score ≥ 65 plus composite ≥ 65. Overlap alone says nothing about future price movement.

This smart money data layers ranking is assembled by the QMA analytical engine from the current composite score and this category's filters — sorted from the highest rating. Recomputed daily. It is not a backtest result. This is a descriptive analytical assessment, not investment advice.