Based on 1 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Selling streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds reduced or closed their ATNFW positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
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Below peak — only 14% of 3.0Y high
14% of all-time peak
Only 1 funds hold ATNFW today versus a peak of 7 funds at 2023 Q1 — just 14% 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 — 80% fewer funds vs a year ago
fund count last 6Q
4 fewer hedge funds hold ATNFW compared to a year ago (-80% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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Heavy selling pressure — only 20% buying
1 buying4 selling
Last quarter: 4 funds sold vs only 1 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
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Steady new buyers — ~1 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 0 → 1 → 3 → 1. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Buying through price weakness — shares +2841%, value +1402%
Last quarter: funds added +2841% more shares while total portfolio value only changed +1402%. 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 — ~1 new funds/quarter
2 → 0 → 1 → 3 → 1 new funds/Q
New funds entering each quarter: 0 → 1 → 3 → 1. Consistent flow of new institutional buyers without clear acceleration or slowdown.
Exit risk score 1.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.