Based on 25 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added ALAR 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 66% of 3.0Y high
66% of all-time peak
Only 25 funds hold ALAR today versus a peak of 38 funds at 2024 Q4 — just 66% 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 — 7% fewer funds vs a year ago
fund count last 6Q
2 fewer hedge funds hold ALAR compared to a year ago (-7% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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More buyers than sellers — 67% buying
16 buying8 selling
Last quarter: 16 funds were net buyers (10 opened a brand new position + 6 added to an existing one). Only 8 were sellers (4 trimmed + 4 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+8 vs last Q)
new funds entering per quarter
Funds opening a new ALAR position: 4 → 3 → 2 → 10. 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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Mostly new holders — 44% entered in last year
■ 20% conviction (2yr+)
■ 36% medium
■ 44% new
Only 5 funds (20%) 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.
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Value +281% but shares only +183% — price-driven
Last quarter: the total dollar value of institutional holdings rose +281%, but actual share count only changed +183%. 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 — ~10 new funds/quarter
8 → 4 → 3 → 2 → 10 new funds/Q
New funds entering each quarter: 4 → 3 → 2 → 10. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Mixed cohorts — 20% veterans, 36% new entrants
■ 20% veterans
■ 44% 1-2yr
■ 36% new
Of 25 current holders: 5 (20%) held 2+ years, 11 held 1–2 years, 9 (36%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Smaller funds dominant — 15% AUM from top-100
15% from top-100 AUM funds
7 of 25 holders rank in the top 100 by AUM, but together hold only 15% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
Exit risk score 2.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.