Based on 36 hedge funds · latest filing: 2026 Q2 · updated quarterly
➡️
No change last quarter
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
🔻
Below peak — only 52% of 3.0Y high
52% of all-time peak
Only 36 funds hold CSTE today versus a peak of 69 funds at 2024 Q2 — just 52% 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 — 33% fewer funds vs a year ago
fund count last 6Q
18 fewer hedge funds hold CSTE compared to a year ago (-33% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🔴
Heavy selling pressure — only 32% buying
9 buying19 selling
Last quarter: 19 funds sold vs only 9 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️
Steady new buyers — ~5 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 4 → 4 → 3 → 5. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒
83% of holders stayed for 2+ years
■ 83% conviction (2yr+)
■ 8% medium
■ 8% new
30 out of 36 hedge funds have held CSTE for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💰
Price up while funds trimmed (+54% value, -21% shares)
Last quarter: total value of institutional CSTE holdings rose +54% even though funds reduced share count by 21%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
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Steady discovery — ~5 new funds/quarter
13 → 4 → 4 → 3 → 5 new funds/Q
New funds entering each quarter: 4 → 4 → 3 → 5. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️
Veteran-anchored — 86% veterans vs 5% newcomers
■ 86% veterans
■ 8% 1-2yr
■ 5% new
Entry-cohort mix of 37 holders: 32 (86%) are 2+ year veterans, 3 entered 1–2 years ago, and 2 (5%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆
Elite ownership — 45% AUM from top-100 funds
45% from top-100 AUM funds
16 of 36 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in CSTE. 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 1.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.