Based on 2 hedge funds · latest filing: 2023 Q3 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added APC 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 0% of 3.0Y high
0% of all-time peak
Only 2 funds hold APC today versus a peak of 667 funds at 2018 Q2 — just 0% 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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Stable — ownership unchanged year-over-year
fund count last 6Q
The number of hedge funds holding APC is almost the same as a year ago (+0 funds, +0% change). No significant rush to buy or sell — institutional backing is holding steady.
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More buyers than sellers — 67% buying
2 buying1 selling
Last quarter: 2 funds were net buyers (2 opened a brand new position + 0 added to an existing one). Only 1 were sellers (0 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.
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Steady new buyers — ~2 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 1 → 0 → 1 → 2. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Steady discovery — ~2 new funds/quarter
0 → 1 → 0 → 1 → 2 new funds/Q
New funds entering each quarter: 1 → 0 → 1 → 2. Consistent flow of new institutional buyers without clear acceleration or slowdown.
Exit risk score 1.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.