Based on 142 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added ASLE 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
142 hedge funds hold ASLE 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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Stable — ownership unchanged year-over-year
fund count last 6Q
The number of hedge funds holding ASLE is almost the same as a year ago (+3 funds, +2% change). No significant rush to buy or sell — institutional backing is holding steady.
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Slight buying edge — 58% buying
84 buying62 selling
Last quarter: 84 funds bought or added vs 62 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 — ~26 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 18 → 33 → 25 → 26. 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+)
■ 36% medium
■ 23% new
58 out of 142 hedge funds have held ASLE 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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Buying through price weakness — shares +2%, value -29%
Last quarter: funds added +2% more shares while total portfolio value only changed -29%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
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Steady discovery — ~26 new funds/quarter
36 → 18 → 33 → 25 → 26 new funds/Q
New funds entering each quarter: 18 → 33 → 25 → 26. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 51% veterans vs 29% newcomers
■ 51% veterans
■ 20% 1-2yr
■ 29% new
Entry-cohort mix of 144 holders: 73 (51%) are 2+ year veterans, 29 entered 1–2 years ago, and 42 (29%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Strong quality — 38% AUM from major funds
38% from top-100 AUM funds
36 of 142 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.