Based on 5 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added BWTG 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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Below peak — only 56% of 2.8Y high
56% of all-time peak
Only 5 funds hold BWTG today versus a peak of 9 funds at 2025 Q2 — just 56% 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 — 44% fewer funds vs a year ago
fund count last 6Q
4 fewer hedge funds hold BWTG compared to a year ago (-44% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟢
More buyers than sellers — 60% buying
3 buying2 selling
Last quarter: 3 funds were net buyers (1 opened a brand new position + 2 added to an existing one). Only 2 were sellers (2 trimmed + 0 sold completely). A clear majority buying is a strong confirmation signal.
➡️
Steady new buyers — ~1 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 0 → 1 → 0 → 1. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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80% of holders stayed for 2+ years
■ 80% conviction (2yr+)
■ 20% medium
■ 0% new
4 out of 5 hedge funds have held BWTG 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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Value +23% but shares only +6% — price-driven
Last quarter: the total dollar value of institutional holdings rose +23%, but actual share count only changed +6%. 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.
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Steady discovery — ~1 new funds/quarter
4 → 0 → 1 → 0 → 1 new funds/Q
New funds entering each quarter: 0 → 1 → 0 → 1. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 60% veterans vs 20% newcomers
■ 60% veterans
■ 20% 1-2yr
■ 20% new
Entry-cohort mix of 5 holders: 3 (60%) are 2+ year veterans, 1 entered 1–2 years ago, and 1 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 76% AUM from top-100 funds
76% from top-100 AUM funds
3 of 5 holders are among the 100 largest funds by AUM, controlling 76% of total institutional value in BWTG. 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 1.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.