Based on 22 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 ACXP 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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Below peak — only 67% of 3.0Y high
67% of all-time peak
Only 22 funds hold ACXP today versus a peak of 33 funds at 2025 Q2 — just 67% 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.
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Outflows — 4% fewer funds vs a year ago
fund count last 6Q
1 fewer hedge funds hold ACXP compared to a year ago (-4% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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Slight buying edge — 58% buying
11 buying8 selling
Last quarter: 11 funds bought or added vs 8 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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Steady new buyers — ~8 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 11 → 3 → 7 → 8. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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41% of holders stayed for 2+ years
■ 41% conviction (2yr+)
■ 18% medium
■ 41% new
9 out of 22 hedge funds have held ACXP 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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Value +75% but shares only +32% — price-driven
Last quarter: the total dollar value of institutional holdings rose +75%, but actual share count only changed +32%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
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Steady discovery — ~8 new funds/quarter
5 → 11 → 3 → 7 → 8 new funds/Q
New funds entering each quarter: 11 → 3 → 7 → 8. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 45% veterans vs 36% newcomers
■ 45% veterans
■ 18% 1-2yr
■ 36% new
Entry-cohort mix of 22 holders: 10 (45%) are 2+ year veterans, 4 entered 1–2 years ago, and 8 (36%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 58% AUM from top-100 funds
58% from top-100 AUM funds
7 of 22 holders are among the 100 largest funds by AUM, controlling 58% of total institutional value in ACXP. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
Exit risk score 2.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.