Based on 45 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added CRVO 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.
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High ownership — 94% of 3.0Y peak
94% of all-time peak
45 funds currently hold this stock — 94% of the 3.0-year high of 48 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Steady growth — +10% more funds vs a year ago
fund count last 6Q
+4 new funds entered over the past year (+10% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
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Slight buying edge — 54% buying
22 buying19 selling
Last quarter: 22 funds bought or added vs 19 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️
Steady new buyers — ~9 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 14 → 10 → 14 → 9. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Mostly new holders — 40% entered in last year
■ 13% conviction (2yr+)
■ 47% medium
■ 40% new
Only 6 funds (13%) 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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Value +29% but shares only +7% — price-driven
Last quarter: the total dollar value of institutional holdings rose +29%, but actual share count only changed +7%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
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Steady discovery — ~9 new funds/quarter
11 → 14 → 10 → 14 → 9 new funds/Q
New funds entering each quarter: 14 → 10 → 14 → 9. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Mixed cohorts — 18% veterans, 49% new entrants
■ 18% veterans
■ 33% 1-2yr
■ 49% new
Of 45 current holders: 8 (18%) held 2+ years, 15 held 1–2 years, 22 (49%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Elite ownership — 57% AUM from top-100 funds
57% from top-100 AUM funds
13 of 45 holders are among the 100 largest funds by AUM, controlling 57% of total institutional value in CRVO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.