Based on 32 hedge funds · latest filing: 2026 Q1 · updated quarterly
📉
Selling streak — 6 quarters in a row
For 6 consecutive quarters, more hedge funds reduced or closed their ATOS positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🔻
Below peak — only 38% of 3.0Y high
38% of all-time peak
Only 32 funds hold ATOS today versus a peak of 85 funds at 2024 Q3 — just 38% 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 — 61% fewer funds vs a year ago
fund count last 6Q
51 fewer hedge funds hold ATOS compared to a year ago (-61% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🔴
Heavy selling pressure — only 15% buying
11 buying60 selling
Last quarter: 60 funds sold vs only 11 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️
Steady new buyers — ~8 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 25 → 8 → 12 → 8. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒
62% of holders stayed for 2+ years
■ 62% conviction (2yr+)
■ 12% medium
■ 25% new
20 out of 32 hedge funds have held ATOS 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.
💰
Price up while funds trimmed (-48% value, -94% shares)
Last quarter: total value of institutional ATOS holdings rose -48% even though funds reduced share count by 94%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
📊
Peak discovery — momentum slowing
11 → 25 → 8 → 12 → 8 new funds/Q
New funds entering each quarter: 25 → 8 → 12 → 8. ATOS is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️
Veteran-anchored — 66% veterans vs 28% newcomers
■ 66% veterans
■ 6% 1-2yr
■ 28% new
Entry-cohort mix of 32 holders: 21 (66%) are 2+ year veterans, 2 entered 1–2 years ago, and 9 (28%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆
Elite ownership — 48% AUM from top-100 funds
48% from top-100 AUM funds
12 of 31 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in ATOS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
Exit risk score 2.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.