Based on 208 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added ACLX 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
208 hedge funds hold ACLX 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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Stable — ownership unchanged year-over-year
fund count last 6Q
The number of hedge funds holding ACLX is almost the same as a year ago (+5 funds, +2% change). No significant rush to buy or sell — institutional backing is holding steady.
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Slight buying edge — 53% buying
115 buying102 selling
Last quarter: 115 funds bought or added vs 102 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
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More new buyers each quarter (+19 vs last Q)
new funds entering per quarter
Funds opening a new ACLX position: 30 → 29 → 25 → 44. 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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48% of holders stayed for 2+ years
■ 48% conviction (2yr+)
■ 32% medium
■ 20% new
100 out of 208 hedge funds have held ACLX 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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Buying through price weakness — shares -2%, value -46%
Last quarter: funds added -2% more shares while total portfolio value only changed -46%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
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Growing discovery — still being found
46 → 30 → 29 → 25 → 44 new funds/Q
New funds entering each quarter: 30 → 29 → 25 → 44. A growing number of institutions are discovering ACLX each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Deep conviction — 48% of holders stayed 2+ years
■ 48% veterans
■ 21% 1-2yr
■ 30% new
Of 219 current holders: 106 (48%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
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Strong quality — 39% AUM from major funds
39% from top-100 AUM funds
36 of 208 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.