Based on 128 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 7 quarters in a row
For 7 consecutive quarters, more hedge funds added CGCV 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.
🏔️
At the ownership peak (100% of max)
100% of all-time peak
128 hedge funds hold CGCV 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 — +178% more funds vs a year ago
fund count last 6Q
+82 new funds entered over the past year (+178% 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 — 87% buying
113 buying17 selling
Last quarter: 113 funds were net buyers (34 opened a brand new position + 79 added to an existing one). Only 17 were sellers (8 trimmed + 9 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+9 vs last Q)
new funds entering per quarter
Funds opening a new CGCV position: 22 → 22 → 25 → 34. 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 — 59% entered in last year
■ 1% conviction (2yr+)
■ 41% medium
■ 59% new
Only 1 funds (1%) 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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Growing discovery — still being found
27 → 22 → 22 → 25 → 34 new funds/Q
New funds entering each quarter: 22 → 22 → 25 → 34. A growing number of institutions are discovering CGCV each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Early stage — 88% of holders entered in last year
■ 1% veterans
■ 12% 1-2yr
■ 88% new
Of 128 current holders: 112 (88%) entered in the past year, only 1 (1%) 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 — 49% AUM from top-100 funds
49% from top-100 AUM funds
12 of 128 holders are among the 100 largest funds by AUM, controlling 49% of total institutional value in CGCV. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
6.1
out of 10
Moderate Exit Risk
Exit risk score 6.1/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.