Based on 14 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 3 quarters in a row
For 3 consecutive quarters, more hedge funds added this stock 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 trade.
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Below peak — only 12% of 3.0Y high
12% of all-time peak
Only 14 funds hold this stock today versus a peak of 120 funds at 2015 Q2 — 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 — 87% fewer funds vs a year ago
fund count last 6Q
95 fewer hedge funds hold this stock compared to a year ago (-87% decline). When institutions consistently reduce exposure, it's worth asking what they know that retail investors don't.
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More buyers than sellers — 71% buying
10 buying4 selling
Last quarter: 10 funds were net buyers (8 opened a brand new position + 2 added to an existing one). Only 4 were sellers (2 trimmed + 2 sold completely). A clear majority buying is a strong confirmation signal.
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Steady new buyers — ~8 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 1 → 3 → 6 → 8. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Mostly new holders — 71% entered in last year
■ 21% conviction (2yr+)
■ 7% medium
■ 71% new
Only 3 funds (21%) 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.
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Buying through price weakness — shares +22%, value -12%
Last quarter: funds added +22% more shares while total portfolio value only changed -12%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
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Growing discovery — still being found
34 → 1 → 3 → 6 → 8 new funds/Q
New funds entering each quarter: 1 → 3 → 6 → 8. A growing number of institutions are discovering this stock each quarter. The idea is still spreading — there is room for more buyers to enter.
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Early stage — 71% of holders entered in last year
■ 29% veterans
■ 0% 1-2yr
■ 71% new
Of 14 current holders: 10 (71%) entered in the past year, only 4 (29%) 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.
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Smaller funds dominant — 14% top-100 AUM
14% from top-100 AUM funds
Only 2 of 14 current holders rank in the top 100 by AUM. The stock is held mostly by smaller and mid-sized funds — the largest institutional players haven't yet built significant positions.
Exit risk score 1.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.