Based on 522 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 9 quarters in a row
For 9 consecutive quarters, more hedge funds added ASTS 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.
🏔️
At the ownership peak (100% of max)
100% of all-time peak
522 hedge funds hold ASTS 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 — +106% more funds vs a year ago
fund count last 6Q
+268 new funds entered over the past year (+106% 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.
🟢
More buyers than sellers — 73% buying
410 buying154 selling
Last quarter: 410 funds were net buyers (190 opened a brand new position + 220 added to an existing one). Only 154 were sellers (110 trimmed + 44 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+101 vs last Q)
new funds entering per quarter
Funds opening a new ASTS position: 73 → 120 → 89 → 190. 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 — 52% entered in last year
■ 20% conviction (2yr+)
■ 27% medium
■ 52% new
Only 107 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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Growing discovery — still being found
52 → 73 → 120 → 89 → 190 new funds/Q
New funds entering each quarter: 73 → 120 → 89 → 190. A growing number of institutions are discovering ASTS each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱
Early stage — 55% of holders entered in last year
■ 29% veterans
■ 16% 1-2yr
■ 55% new
Of 584 current holders: 321 (55%) entered in the past year, only 168 (29%) 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.
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Elite ownership — 44% AUM from top-100 funds
44% from top-100 AUM funds
45 of 522 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in ASTS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
5.3
out of 10
Moderate Exit Risk
Exit risk score 5.3/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.