Based on 78 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added CYBN 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.
📊
High ownership — 81% of 3.0Y peak
81% of all-time peak
78 funds currently hold this stock — 81% of the 3.0-year high of 96 funds (reached 2024 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀
Fast accumulation — +59% more funds vs a year ago
fund count last 6Q
+29 new funds entered over the past year (+59% 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.
🟢
More buyers than sellers — 61% buying
44 buying28 selling
Last quarter: 44 funds were net buyers (23 opened a brand new position + 21 added to an existing one). Only 28 were sellers (13 trimmed + 15 sold completely). A clear majority buying is a strong confirmation signal.
➡️
Steady new buyers — ~23 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 14 → 6 → 22 → 23. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌
Mixed — 31% long-term, 37% new
■ 31% conviction (2yr+)
■ 32% medium
■ 37% new
Of the 78 current holders: 24 (31%) held >2 years, 25 held 1–2 years, and 29 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💰
Value +341% but shares only +216% — price-driven
Last quarter: the total dollar value of institutional holdings rose +341%, but actual share count only changed +216%. 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.
🚀
Acceleration phase — new buyers rushing in
18 → 14 → 6 → 22 → 23 new funds/Q
New funds entering each quarter: 14 → 6 → 22 → 23. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
📊
Mixed cohorts — 39% veterans, 45% new entrants
■ 39% veterans
■ 17% 1-2yr
■ 45% new
Of 83 current holders: 32 (39%) held 2+ years, 14 held 1–2 years, 37 (45%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
📋
Smaller funds dominant — 6% AUM from top-100
6% from top-100 AUM funds
10 of 78 holders rank in the top 100 by AUM, but together hold only 6% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.