Based on 113 hedge funds · latest filing: 2019 Q2 · updated quarterly
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Selling streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds reduced or closed this position than added to it. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams deciding to exit.
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High ownership — 93% of 3.0Y peak
93% of all-time peak
113 funds currently hold this stock — 93% of the 3.0-year high of 121 funds (reached 2018 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Stable — ownership unchanged year-over-year
fund count last 6Q
The number of hedge funds holding this stock is almost the same as a year ago (-2 funds, -2% change). No significant rush to buy or sell — the institutional base is holding steady.
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Slight buying edge — 51% buying
70 buying67 selling
Last quarter: 70 funds bought or added vs 67 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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More new buyers each quarter (+14 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 16 → 26 → 16 → 30. A growing number of new institutional buyers means the stock is still being discovered — the opportunity hasn't been fully priced in.
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Price up while funds trimmed (+18% value, -4% shares)
Last quarter: total value of institutional BKS holdings rose +18% even though funds reduced share count by 4%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
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Steady discovery — ~30 new funds/quarter
30 → 16 → 26 → 16 → 30 new funds/Q
New funds entering each quarter: 16 → 26 → 16 → 30. Consistent flow of new institutional buyers without clear acceleration or slowdown.
Exit risk score 2.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.