Based on 371 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 11 quarters in a row
For 11 consecutive quarters, more hedge funds added CGUS 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
371 hedge funds hold CGUS 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 — +30% more funds vs a year ago
fund count last 6Q
+86 new funds entered over the past year (+30% 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 — 77% buying
278 buying82 selling
Last quarter: 278 funds were net buyers (56 opened a brand new position + 222 added to an existing one). Only 82 were sellers (65 trimmed + 17 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+21 vs last Q)
new funds entering per quarter
Funds opening a new CGUS position: 35 → 32 → 35 → 56. 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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Mixed — 38% long-term, 26% new
■ 38% conviction (2yr+)
■ 36% medium
■ 26% new
Of the 371 current holders: 142 (38%) held >2 years, 133 held 1–2 years, and 96 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
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Growing discovery — still being found
52 → 35 → 32 → 35 → 56 new funds/Q
New funds entering each quarter: 35 → 32 → 35 → 56. A growing number of institutions are discovering CGUS each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Mixed cohorts — 34% veterans, 37% new entrants
■ 34% veterans
■ 29% 1-2yr
■ 37% new
Of 371 current holders: 126 (34%) held 2+ years, 106 held 1–2 years, 139 (37%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Elite ownership — 46% AUM from top-100 funds
46% from top-100 AUM funds
15 of 371 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in CGUS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.