Based on 97 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added BDYN 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
97 hedge funds hold BDYN 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 — +9600% more funds vs a year ago
fund count last 6Q
+96 new funds entered over the past year (+9600% 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 — 65% buying
62 buying34 selling
Last quarter: 62 funds were net buyers (20 opened a brand new position + 42 added to an existing one). Only 34 were sellers (28 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.
⚠️
Fewer new buyers each quarter (-62 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 0 → 1 → 82 → 20. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔄
Mostly new holders — 99% entered in last year
■ 1% conviction (2yr+)
■ 0% medium
■ 99% new
Only 1 funds (1%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
🚀
Acceleration phase — new buyers rushing in
0 → 0 → 1 → 82 → 20 new funds/Q
New funds entering each quarter: 0 → 1 → 82 → 20. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🌱
Early stage — 97% of holders entered in last year
■ 3% veterans
■ 0% 1-2yr
■ 97% new
Of 97 current holders: 94 (97%) entered in the past year, only 3 (3%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
🏆
Elite ownership — 72% AUM from top-100 funds
72% from top-100 AUM funds
11 of 97 holders are among the 100 largest funds by AUM, controlling 72% of total institutional value in BDYN. 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 7.5/10 — multiple crowding signals converge. Institutional ownership is at 100% of its all-time high — near peak crowding. Crowded trades can unwind fast — a single catalyst can trigger a cascade.