Based on 122 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 10 quarters in a row
For 10 consecutive quarters, more hedge funds added CGSM 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
122 hedge funds hold CGSM 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 — +88% more funds vs a year ago
fund count last 6Q
+57 new funds entered over the past year (+88% 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.
🟢
More buyers than sellers — 81% buying
96 buying23 selling
Last quarter: 96 funds were net buyers (25 opened a brand new position + 71 added to an existing one). Only 23 were sellers (15 trimmed + 8 sold completely). A clear majority buying is a strong confirmation signal.
➡️
Steady new buyers — ~25 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 16 → 21 → 20 → 25. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Mostly new holders — 45% entered in last year
■ 6% conviction (2yr+)
■ 49% medium
■ 45% new
Only 7 funds (6%) 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
16 → 16 → 21 → 20 → 25 new funds/Q
New funds entering each quarter: 16 → 21 → 20 → 25. A growing number of institutions are discovering CGSM each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱
Early stage — 62% of holders entered in last year
■ 4% veterans
■ 34% 1-2yr
■ 62% new
Of 122 current holders: 76 (62%) entered in the past year, only 5 (4%) 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 — 72% AUM from top-100 funds
72% from top-100 AUM funds
11 of 122 holders are among the 100 largest funds by AUM, controlling 72% of total institutional value in CGSM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
5.0
out of 10
Moderate Exit Risk
Exit risk score 5.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.