Based on 63 hedge funds · latest filing: 2026 Q2 · updated quarterly
📉
Selling streak — 5 quarters in a row
For 5 consecutive quarters, more hedge funds reduced or closed their BARK 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 54% of 3.0Y high
54% of all-time peak
Only 63 funds hold BARK today versus a peak of 117 funds at 2025 Q1 — just 54% 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 — 44% fewer funds vs a year ago
fund count last 6Q
49 fewer hedge funds hold BARK compared to a year ago (-44% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🔴
Heavy selling pressure — only 26% buying
26 buying73 selling
Last quarter: 73 funds sold vs only 26 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
📈
More new buyers each quarter (+6 vs last Q)
new funds entering per quarter
Funds opening a new BARK position: 10 → 12 → 13 → 19. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒
51% of holders stayed for 2+ years
■ 51% conviction (2yr+)
■ 19% medium
■ 30% new
32 out of 63 hedge funds have held BARK 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 (-2% value, -90% shares)
Last quarter: total value of institutional BARK holdings rose -2% even though funds reduced share count by 90%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
📈
Growing discovery — still being found
18 → 10 → 12 → 13 → 19 new funds/Q
New funds entering each quarter: 10 → 12 → 13 → 19. A growing number of institutions are discovering BARK each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️
Veteran-anchored — 56% veterans vs 30% newcomers
■ 56% veterans
■ 14% 1-2yr
■ 30% new
Entry-cohort mix of 64 holders: 36 (56%) are 2+ year veterans, 9 entered 1–2 years ago, and 19 (30%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅
Strong quality — 28% AUM from major funds
28% from top-100 AUM funds
21 of 63 holders rank in the top 100 by AUM, accounting for 28% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
Exit risk score 2.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.