Based on 83 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 BMEZ 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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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 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 16% fewer funds vs a year ago
fund count last 6Q
16 fewer hedge funds hold BMEZ compared to a year ago (-16% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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More buyers than sellers — 62% buying
51 buying31 selling
Last quarter: 51 funds were net buyers (22 opened a brand new position + 29 added to an existing one). Only 31 were sellers (17 trimmed + 14 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+6 vs last Q)
new funds entering per quarter
Funds opening a new BMEZ position: 13 → 14 → 16 → 22. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
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48% of holders stayed for 2+ years
■ 48% conviction (2yr+)
■ 30% medium
■ 22% new
40 out of 83 hedge funds have held BMEZ for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
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Growing discovery — still being found
25 → 13 → 14 → 16 → 22 new funds/Q
New funds entering each quarter: 13 → 14 → 16 → 22. A growing number of institutions are discovering BMEZ each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Deep conviction — 57% of holders stayed 2+ years
■ 57% veterans
■ 14% 1-2yr
■ 29% new
Of 83 current holders: 47 (57%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
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Elite ownership — 52% AUM from top-100 funds
52% from top-100 AUM funds
9 of 83 holders are among the 100 largest funds by AUM, controlling 52% of total institutional value in BMEZ. 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 2.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.