Based on 9 hedge funds · latest filing: 2026 Q1 · updated quarterly
➡️
No change last quarter
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
📊
High ownership — 82% of 1.2Y peak
82% of all-time peak
9 funds currently hold this stock — 82% of the 1.2-year high of 11 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉
Outflows — 18% fewer funds vs a year ago
fund count last 5Q
2 fewer hedge funds hold APVO compared to a year ago (-18% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡
Slight buying edge — 57% buying
8 buying6 selling
Last quarter: 8 funds bought or added vs 6 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.
➡️
Steady new buyers — ~6 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 3 → 1 → 8 → 6. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄
Mostly new holders — 78% entered in last year
■ 0% conviction (2yr+)
■ 22% medium
■ 78% new
Only 0 funds (0%) 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.
💎
Buying through price weakness — shares +165%, value -24%
Last quarter: funds added +165% more shares while total portfolio value only changed -24%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️
Steady discovery — ~6 new funds/quarter
3 → 1 → 8 → 6 new funds/Q
New funds entering each quarter: 3 → 1 → 8 → 6. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🌱
Early stage — 78% of holders entered in last year
■ 0% veterans
■ 22% 1-2yr
■ 78% new
Of 9 current holders: 7 (78%) entered in the past year, only 0 (0%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
🏆
Elite ownership — 49% AUM from top-100 funds
49% from top-100 AUM funds
2 of 9 holders are among the 100 largest funds by AUM, controlling 49% of total institutional value in APVO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.6
out of 10
Moderate Exit Risk
Exit risk score 4.6/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.