Based on 32 hedge funds · latest filing: 2019 Q4 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added this stock than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term trade.
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High ownership — 91% of 3.0Y peak
91% of all-time peak
32 funds currently hold this stock — 91% of the 3.0-year high of 35 funds (reached 2017 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 6% fewer funds vs a year ago
fund count last 6Q
2 fewer hedge funds hold this stock compared to a year ago (-6% decline). When institutions consistently reduce exposure, it's worth asking what they know that retail investors don't.
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More buyers than sellers — 64% buying
18 buying10 selling
Last quarter: 18 funds were net buyers (5 opened a brand new position + 13 added to an existing one). Only 10 were sellers (9 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.
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Steady new buyers — ~5 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 6 → 4 → 6 → 5. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Steady discovery — ~5 new funds/quarter
11 → 6 → 4 → 6 → 5 new funds/Q
New funds entering each quarter: 6 → 4 → 6 → 5. Consistent flow of new institutional buyers without clear acceleration or slowdown.
Exit risk score 2.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.