Based on 58 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, 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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High ownership — 88% of 3.0Y peak
88% of all-time peak
58 funds currently hold this stock — 88% of the 3.0-year high of 66 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 — 12% fewer funds vs a year ago
fund count last 6Q
8 fewer hedge funds hold this stock compared to a year ago (-12% decline). When institutions consistently reduce exposure, it's worth asking what they know that retail investors don't.
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Slight buying edge — 57% buying
35 buying26 selling
Last quarter: 35 funds bought or added vs 26 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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Steady new buyers — ~15 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 11 → 12 → 10 → 15. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Mostly new holders — 34% entered in last year
■ 3% conviction (2yr+)
■ 62% medium
■ 34% new
Only 2 funds (3%) 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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Steady discovery — ~15 new funds/quarter
16 → 11 → 12 → 10 → 15 new funds/Q
New funds entering each quarter: 11 → 12 → 10 → 15. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Mixed cohorts — 7% veterans, 43% new entrants
■ 7% veterans
■ 50% 1-2yr
■ 43% new
Of 58 current holders: 4 (7%) held 2+ years, 29 held 1–2 years, 25 (43%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Strong quality — 29% from major AUM funds
29% from top-100 AUM funds
17 of 58 current holders rank in the top 100 by AUM. A meaningful share of the ownership base comes from the most well-resourced institutions.
Exit risk score 3.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.