Based on 36 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 CAM 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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At the ownership peak (100% of max)
100% of all-time peak
36 hedge funds hold CAM 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.
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Fast accumulation — +3500% more funds vs a year ago
fund count last 6Q
+35 new funds entered over the past year (+3500% 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.
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More buyers than sellers — 97% buying
36 buying1 selling
Last quarter: 36 funds were net buyers (36 opened a brand new position + 0 added to an existing one). Only 1 were sellers (0 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+36 vs last Q)
new funds entering per quarter
Funds opening a new CAM position: 0 → 0 → 0 → 36. 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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Mostly new holders — 89% entered in last year
■ 11% conviction (2yr+)
■ 0% medium
■ 89% new
Only 4 funds (11%) 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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Buying through price weakness — shares +703602%, value +263314%
Last quarter: funds added +703602% more shares while total portfolio value only changed +263314%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
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Steady discovery — ~36 new funds/quarter
0 → 0 → 0 → 0 → 36 new funds/Q
New funds entering each quarter: 0 → 0 → 0 → 36. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Early stage — 86% of holders entered in last year
■ 14% veterans
■ 0% 1-2yr
■ 86% new
Of 36 current holders: 31 (86%) entered in the past year, only 5 (14%) 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.
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Elite ownership — 96% AUM from top-100 funds
96% from top-100 AUM funds
8 of 36 holders are among the 100 largest funds by AUM, controlling 96% of total institutional value in CAM. 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 7.2/10 — multiple crowding signals converge. Institutional ownership is at 100% of its all-time high — near peak crowding. Crowded trades can unwind fast — a single catalyst can trigger a cascade.