Based on 18 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added BBAI/WS 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.
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Below peak — only 58% of 3.0Y high
58% of all-time peak
Only 18 funds hold BBAI/WS today versus a peak of 31 funds at 2023 Q4 — just 58% 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 — 18% fewer funds vs a year ago
fund count last 6Q
4 fewer hedge funds hold BBAI/WS compared to a year ago (-18% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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More buyers than sellers — 64% buying
7 buying4 selling
Last quarter: 7 funds were net buyers (4 opened a brand new position + 3 added to an existing one). Only 4 were sellers (2 trimmed + 2 sold completely). A clear majority buying is a strong confirmation signal.
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Steady new buyers — ~4 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 1 → 3 → 2 → 4. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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61% of holders stayed for 2+ years
■ 61% conviction (2yr+)
■ 11% medium
■ 28% new
11 out of 18 hedge funds have held BBAI/WS 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.
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Steady discovery — ~4 new funds/quarter
3 → 1 → 3 → 2 → 4 new funds/Q
New funds entering each quarter: 1 → 3 → 2 → 4. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 56% veterans vs 28% newcomers
■ 56% veterans
■ 17% 1-2yr
■ 28% new
Entry-cohort mix of 18 holders: 10 (56%) are 2+ year veterans, 3 entered 1–2 years ago, and 5 (28%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Smaller funds dominant — 10% AUM from top-100
10% from top-100 AUM funds
3 of 17 holders rank in the top 100 by AUM, but together hold only 10% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
Exit risk score 1.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.