Based on 1 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Selling streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds reduced or closed their BDRX 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 12% of 2.5Y high
12% of all-time peak
Only 1 funds hold BDRX today versus a peak of 8 funds at 2025 Q4 — just 12% 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 — 75% fewer funds vs a year ago
fund count last 6Q
3 fewer hedge funds hold BDRX compared to a year ago (-75% 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 0% buying
0 buying7 selling
Last quarter: 7 funds sold vs only 0 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 — ~0 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 0 → 4 → 1 → 0. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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100% of holders stayed for 2+ years
■ 100% conviction (2yr+)
■ 0% medium
■ 0% new
1 out of 1 hedge funds have held BDRX 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.
⚠️
Saturation — most institutions already know this story
0 → 0 → 4 → 1 → 0 new funds/Q
New funds entering each quarter: 0 → 4 → 1 → 0. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.
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Veteran-anchored — 100% veterans vs 0% newcomers
■ 100% veterans
■ 0% 1-2yr
■ 0% new
Entry-cohort mix of 1 holders: 1 (100%) are 2+ year veterans, 0 entered 1–2 years ago, and 0 (0%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 100% AUM from top-100 funds
100% from top-100 AUM funds
1 of 1 holders are among the 100 largest funds by AUM, controlling 100% of total institutional value in BDRX. 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 2.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.