Based on 374 hedge funds · latest filing: 2025 Q4 · updated quarterly
📉 Selling streak — 2 quarters in a row
For 2 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 — 92% of 3.0Y peak
374 funds currently hold this stock — 92% of the 3.0-year high of 406 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶 Steady growth — +18% more funds vs a year ago
+58 new funds entered over the past year (+18% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠 More sellers than buyers — 44% buying
Last quarter: 248 funds reduced or exited vs 191 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️ Fewer new buyers each quarter (-6 vs last Q)
Funds opening this position for the first time: 110 → 93 → 71 → 65. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔄 Mostly new holders — 30% entered in last year
Only 85 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.