Based on 13 hedge funds · latest filing: 2026 Q1 · updated quarterly
📈
Buying streak — 3 quarters in a row
For 3 consecutive quarters, more hedge funds added BWET 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.
🏔️
At the ownership peak (100% of max)
100% of all-time peak
13 hedge funds hold BWET 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.
🚀
Fast accumulation — +1200% more funds vs a year ago
fund count last 6Q
+12 new funds entered over the past year (+1200% 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. The peak was reached in just 4 quarters from the low — a sharp move.
🟢
More buyers than sellers — 93% buying
13 buying1 selling
Last quarter: 13 funds were net buyers (10 opened a brand new position + 3 added to an existing one). Only 1 were sellers (1 trimmed + 0 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+9 vs last Q)
new funds entering per quarter
Funds opening a new BWET position: 0 → 1 → 1 → 10. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔄
Mostly new holders — 77% entered in last year
■ 23% conviction (2yr+)
■ 0% medium
■ 77% new
Only 3 funds (23%) 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.
💰
Value +5692% but shares only +1030% — price-driven
Last quarter: the total dollar value of institutional holdings rose +5692%, but actual share count only changed +1030%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
➡️
Steady discovery — ~10 new funds/quarter
0 → 0 → 1 → 1 → 10 new funds/Q
New funds entering each quarter: 0 → 1 → 1 → 10. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🌱
Early stage — 71% of holders entered in last year
■ 29% veterans
■ 0% 1-2yr
■ 71% new
Of 17 current holders: 12 (71%) entered in the past year, only 5 (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.
🏆
Elite ownership — 60% AUM from top-100 funds
60% from top-100 AUM funds
5 of 11 holders are among the 100 largest funds by AUM, controlling 60% of total institutional value in BWET. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
6.9
out of 10
Moderate Exit Risk
Exit risk score 6.9/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.