Based on 101 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 4 quarters in a row
For 4 consecutive quarters, more hedge funds added CTEV 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
101 hedge funds hold CTEV 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 — +94% more funds vs a year ago
fund count last 6Q
+49 new funds entered over the past year (+94% 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.
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Slight buying edge — 50% buying
54 buying54 selling
Last quarter: 54 funds bought or added vs 54 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.
⚠️
Fewer new buyers each quarter (-6 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 15 → 28 → 30 → 24. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
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Mostly new holders — 53% entered in last year
■ 6% conviction (2yr+)
■ 41% medium
■ 53% new
Only 6 funds (6%) 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.
💰
Price up while funds trimmed (+40% value, -13% shares)
Last quarter: total value of institutional CTEV holdings rose +40% even though funds reduced share count by 13%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
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Growing discovery — still being found
9 → 15 → 28 → 30 → 24 new funds/Q
New funds entering each quarter: 15 → 28 → 30 → 24. A growing number of institutions are discovering CTEV each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱
Early stage — 55% of holders entered in last year
■ 5% veterans
■ 41% 1-2yr
■ 55% new
Of 106 current holders: 58 (55%) entered in the past year, only 5 (5%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
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Elite ownership — 98% AUM from top-100 funds
98% from top-100 AUM funds
25 of 101 holders are among the 100 largest funds by AUM, controlling 98% of total institutional value in CTEV. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
5.5
out of 10
Moderate Exit Risk
Exit risk score 5.5/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.