Based on 255 hedge funds · latest filing: 2025 Q4 · updated quarterly
📉
Selling streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds reduced or closed this position than added to it. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams deciding to exit.
🔻
Below peak — only 62% of 3.0Y high
62% of all-time peak
Only 255 funds hold this stock today versus a peak of 409 funds at 2024 Q1 — just 62% 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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Outflows — 12% fewer funds vs a year ago
fund count last 6Q
36 fewer hedge funds hold this stock compared to a year ago (-12% decline). When institutions consistently reduce exposure, it's worth asking what they know that retail investors don't.
🟠
More sellers than buyers — 47% buying
134 buying152 selling
Last quarter: 152 funds reduced or exited vs 134 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️
Steady new buyers — ~51 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 42 → 44 → 50 → 51. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒
65% of holders stayed for 2+ years
■ 65% conviction (2yr+)
■ 18% medium
■ 17% new
165 out of 255 hedge funds have held this stock for over 2 years without selling. Long-term holders are harder to shake out during market dips — they represent a stable ownership base that reduces the risk of sudden mass selling.
📈
Growing discovery — still being found
38 → 42 → 44 → 50 → 51 new funds/Q
New funds entering each quarter: 42 → 44 → 50 → 51. A growing number of institutions are discovering this stock each quarter. The idea is still spreading — there is room for more buyers to enter.
🏛️
Deep conviction — 69% of holders stayed 2+ years
■ 69% veterans
■ 12% 1-2yr
■ 19% new
Of 264 current holders: 182 (69%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
📋
Smaller funds dominant — 13% top-100 AUM
13% from top-100 AUM funds
Only 32 of 255 current holders rank in the top 100 by AUM. The stock is held mostly by smaller and mid-sized funds — the largest institutional players haven't yet built significant positions.
Exit risk score 1.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.