Based on 84 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added ABOS 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 momentum flip.
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At the ownership peak (100% of max)
100% of all-time peak
84 hedge funds hold ABOS right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
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Steady growth — +4% more funds vs a year ago
fund count last 6Q
+3 new funds entered over the past year (+4% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
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More buyers than sellers — 72% buying
52 buying20 selling
Last quarter: 52 funds were net buyers (21 opened a brand new position + 31 added to an existing one). Only 20 were sellers (13 trimmed + 7 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+9 vs last Q)
new funds entering per quarter
Funds opening a new ABOS position: 16 → 13 → 12 → 21. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
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49% of holders stayed for 2+ years
■ 49% conviction (2yr+)
■ 26% medium
■ 25% new
41 out of 84 hedge funds have held ABOS for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
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Growing discovery — still being found
12 → 16 → 13 → 12 → 21 new funds/Q
New funds entering each quarter: 16 → 13 → 12 → 21. A growing number of institutions are discovering ABOS each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Veteran-anchored — 61% veterans vs 27% newcomers
■ 61% veterans
■ 11% 1-2yr
■ 27% new
Entry-cohort mix of 88 holders: 54 (61%) are 2+ year veterans, 10 entered 1–2 years ago, and 24 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Smaller funds dominant — 14% AUM from top-100
14% from top-100 AUM funds
23 of 83 holders rank in the top 100 by AUM, but together hold only 14% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.