Based on 6 hedge funds · latest filing: 2026 Q1 · 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 60% of 3.0Y high
60% of all-time peak
Only 6 funds hold DAT today versus a peak of 10 funds at 2025 Q3 — just 60% 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 — 14% fewer funds vs a year ago
fund count last 6Q
1 fewer hedge funds hold DAT compared to a year ago (-14% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟢
More buyers than sellers — 80% buying
4 buying1 selling
Last quarter: 4 funds were net buyers (1 opened a brand new position + 3 added to an existing one). Only 1 were sellers (0 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.
➡️
Steady new buyers — ~1 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 3 → 3 → 0 → 1. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒
50% of holders stayed for 2+ years
■ 50% conviction (2yr+)
■ 50% medium
■ 0% new
3 out of 6 hedge funds have held DAT 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.
💎
Buying through price weakness — shares +90%, value -37%
Last quarter: funds added +90% more shares while total portfolio value only changed -37%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
⚠️
Saturation — most institutions already know this story
1 → 3 → 3 → 0 → 1 new funds/Q
New funds entering each quarter: 3 → 3 → 0 → 1. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.
🏛️
Veteran-anchored — 50% veterans vs 17% newcomers
■ 50% veterans
■ 33% 1-2yr
■ 17% new
Entry-cohort mix of 6 holders: 3 (50%) are 2+ year veterans, 2 entered 1–2 years ago, and 1 (17%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆
Elite ownership — 95% AUM from top-100 funds
95% from top-100 AUM funds
2 of 6 holders are among the 100 largest funds by AUM, controlling 95% of total institutional value in DAT. 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 1.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.