Based on 67 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added AMJB 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
67 hedge funds hold AMJB 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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Fast accumulation — +26% more funds vs a year ago
fund count last 6Q
+14 new funds entered over the past year (+26% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
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Slight buying edge — 52% buying
32 buying29 selling
Last quarter: 32 funds bought or added vs 29 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 (+9 vs last Q)
new funds entering per quarter
Funds opening a new AMJB position: 11 → 2 → 5 → 14. 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 — 25% entered in last year
■ 1% conviction (2yr+)
■ 73% medium
■ 25% new
Only 1 funds (1%) 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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Growing discovery — still being found
6 → 11 → 2 → 5 → 14 new funds/Q
New funds entering each quarter: 11 → 2 → 5 → 14. A growing number of institutions are discovering AMJB each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Mixed cohorts — 1% veterans, 36% new entrants
■ 1% veterans
■ 63% 1-2yr
■ 36% new
Of 67 current holders: 1 (1%) held 2+ years, 42 held 1–2 years, 24 (36%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Strong quality — 27% AUM from major funds
27% from top-100 AUM funds
10 of 67 holders rank in the top 100 by AUM, accounting for 27% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.