Based on 16 hedge funds · latest filing: 2025 Q2 · updated quarterly
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Selling streak — 4 quarters in a row
For 4 consecutive quarters, more hedge funds reduced or closed their CLBR/WS positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
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Below peak — only 53% of 1.5Y high
53% of all-time peak
Only 16 funds hold CLBR/WS today versus a peak of 30 funds at 2024 Q2 — just 53% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
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Outflows — 47% fewer funds vs a year ago
fund count last 6Q
14 fewer hedge funds hold CLBR/WS compared to a year ago (-47% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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Heavy selling pressure — only 18% buying
4 buying18 selling
Last quarter: 18 funds sold vs only 4 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
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Steady new buyers — ~2 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 2 → 6 → 5 → 2. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Buying through price weakness — shares +2%, value -67%
Last quarter: funds added +2% more shares while total portfolio value only changed -67%. 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 — ~2 new funds/quarter
3 → 2 → 6 → 5 → 2 new funds/Q
New funds entering each quarter: 2 → 6 → 5 → 2. Consistent flow of new institutional buyers without clear acceleration or slowdown.
Exit risk score 2.2/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.