Based on 327 hedge funds · latest filing: 2025 Q4 · updated quarterly
📉
Selling streak — 5 quarters in a row
For 5 consecutive quarters, more hedge funds reduced or closed this position than added to it. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams deciding to exit.
📊
High ownership — 70% of 3.0Y peak
70% of all-time peak
327 funds currently hold this stock — 70% of the 3.0-year high of 468 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 29% fewer funds vs a year ago
fund count last 6Q
135 fewer hedge funds hold this stock compared to a year ago (-29% decline). When institutions consistently reduce exposure, it's worth asking what they know that retail investors don't.
🔴
Heavy selling pressure — only 33% buying
110 buying220 selling
Last quarter: 220 funds sold vs only 110 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️
Steady new buyers — ~36 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 21 → 36 → 35 → 36. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒
56% of holders stayed for 2+ years
■ 56% conviction (2yr+)
■ 31% medium
■ 13% new
183 out of 327 hedge funds have held this stock for over 2 years without selling. Long-term holders are harder to shake out during market dips — they represent a stable ownership base that reduces the risk of sudden mass selling.
📈
Growing discovery — still being found
59 → 21 → 36 → 35 → 36 new funds/Q
New funds entering each quarter: 21 → 36 → 35 → 36. A growing number of institutions are discovering this stock each quarter. The idea is still spreading — there is room for more buyers to enter.
🏛️
Deep conviction — 50% of holders stayed 2+ years
■ 50% veterans
■ 31% 1-2yr
■ 19% new
Of 327 current holders: 164 (50%) 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.
📋
Smaller funds dominant — 5% top-100 AUM
5% from top-100 AUM funds
Only 16 of 327 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 2.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.