Based on 206 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 11 quarters in a row
For 11 consecutive quarters, more hedge funds added BBUS 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.
🏔️
At the ownership peak (100% of max)
100% of all-time peak
206 hedge funds hold BBUS right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀
Fast accumulation — +45% more funds vs a year ago
fund count last 6Q
+64 new funds entered over the past year (+45% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢
More buyers than sellers — 68% buying
130 buying61 selling
Last quarter: 130 funds were net buyers (38 opened a brand new position + 92 added to an existing one). Only 61 were sellers (48 trimmed + 13 sold completely). A clear majority buying is a strong confirmation signal.
➡️
Steady new buyers — ~38 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 27 → 24 → 34 → 38. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌
Mixed — 37% long-term, 33% new
■ 37% conviction (2yr+)
■ 31% medium
■ 33% new
Of the 206 current holders: 76 (37%) held >2 years, 63 held 1–2 years, and 67 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
📈
Growing discovery — still being found
30 → 27 → 24 → 34 → 38 new funds/Q
New funds entering each quarter: 27 → 24 → 34 → 38. A growing number of institutions are discovering BBUS each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
📊
Mixed cohorts — 37% veterans, 47% new entrants
■ 37% veterans
■ 17% 1-2yr
■ 47% new
Of 206 current holders: 76 (37%) held 2+ years, 34 held 1–2 years, 96 (47%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆
Elite ownership — 40% AUM from top-100 funds
40% from top-100 AUM funds
16 of 206 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in BBUS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.3
out of 10
Moderate Exit Risk
Exit risk score 4.3/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.