Based on 83 hedge funds · latest filing: 2025 Q4 · updated quarterly
📉
Selling streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds reduced or closed their BIDD positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊
High ownership — 84% of 3.0Y peak
84% of all-time peak
83 funds currently hold this stock — 84% of the 3.0-year high of 99 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️
Stable — ownership unchanged year-over-year
fund count last 6Q
The number of hedge funds holding BIDD is almost the same as a year ago (+1 funds, +1% change). No significant rush to buy or sell — institutional backing is holding steady.
🔴
Heavy selling pressure — only 30% buying
31 buying74 selling
Last quarter: 74 funds sold vs only 31 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️
Steady new buyers — ~15 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 17 → 10 → 17 → 15. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄
Mostly new holders — 29% entered in last year
■ 1% conviction (2yr+)
■ 70% medium
■ 29% 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.
📈
Growing discovery — still being found
82 → 17 → 10 → 17 → 15 new funds/Q
New funds entering each quarter: 17 → 10 → 17 → 15. A growing number of institutions are discovering BIDD each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱
Early stage — 99% of holders entered in last year
■ 1% veterans
■ 0% 1-2yr
■ 99% new
Of 83 current holders: 82 (99%) entered in the past year, only 1 (1%) 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 — 48% AUM from top-100 funds
48% from top-100 AUM funds
12 of 83 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in BIDD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.