Based on 28 hedge funds · latest filing: 2025 Q4 · updated quarterly
📉 Selling streak — 6 quarters in a row
For 6 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.
🔻 Below peak — only 40% of 2.0Y high
Only 28 funds hold this stock today versus a peak of 70 funds at 2024 Q2 — just 40% 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.
📉 Outflows — 22% fewer funds vs a year ago
8 fewer hedge funds hold this stock compared to a year ago (-22% decline). When institutions consistently reduce exposure, it's worth asking what they know that retail investors don't.
🔴 Heavy selling pressure — only 36% buying
Last quarter: 14 funds sold vs only 8 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️ Steady new buyers — ~3 new funds per quarter
Funds opening this position for the first time: 3 → 3 → 3 → 3. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄 Mostly new holders — 14% entered in last year
Only 0 funds (0%) 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.