Based on 143 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added BHRB 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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At the ownership peak (100% of max)
100% of all-time peak
143 hedge funds hold BHRB 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.
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Fast accumulation — +27% more funds vs a year ago
fund count last 6Q
+30 new funds entered over the past year (+27% 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.
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Slight buying edge — 51% buying
60 buying57 selling
Last quarter: 60 funds bought or added vs 57 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
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Fewer new buyers each quarter (-11 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 28 → 17 → 26 → 15. 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.
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Mixed — 30% long-term, 24% new
■ 30% conviction (2yr+)
■ 46% medium
■ 24% new
Of the 143 current holders: 43 (30%) held >2 years, 66 held 1–2 years, and 34 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.
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Steady discovery — ~15 new funds/quarter
16 → 28 → 17 → 26 → 15 new funds/Q
New funds entering each quarter: 28 → 17 → 26 → 15. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Mixed cohorts — 31% veterans, 34% new entrants
■ 31% veterans
■ 35% 1-2yr
■ 34% new
Of 143 current holders: 45 (31%) held 2+ years, 50 held 1–2 years, 48 (34%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Elite ownership — 53% AUM from top-100 funds
53% from top-100 AUM funds
31 of 143 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in BHRB. 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 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.