Based on 1 hedge funds · latest filing: 2008 Q2 · updated quarterly
📉 Selling streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds reduced or closed this position than added to it. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams deciding to exit.
🔻 Below peak — only 2% of 3.0Y high
Only 1 funds hold this stock today versus a peak of 63 funds at 2006 Q2 — just 2% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📉 Outflows — 98% fewer funds vs a year ago
50 fewer hedge funds hold this stock compared to a year ago (-98% decline). When institutions consistently reduce exposure, it's worth asking what they know that retail investors don't.
🔴 Heavy selling pressure — only 2% buying
Last quarter: 51 funds sold vs only 1 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️ Fewer new buyers each quarter (-9 vs last Q)
Funds opening this position for the first time: 20 → 9 → 10 → 1. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔄 Mostly new holders — 100% entered in last year
Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.