Based on 13 hedge funds · latest filing: 2026 Q2 · updated quarterly
📈
Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added DHLGY 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.
🔻
Below peak — only 65% of 3.0Y high
65% of all-time peak
Only 13 funds hold DHLGY today versus a peak of 20 funds at 2023 Q3 — just 65% 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 — 13% fewer funds vs a year ago
fund count last 6Q
2 fewer hedge funds hold DHLGY compared to a year ago (-13% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟢
More buyers than sellers — 71% buying
10 buying4 selling
Last quarter: 10 funds were net buyers (4 opened a brand new position + 6 added to an existing one). Only 4 were sellers (1 trimmed + 3 sold completely). A clear majority buying is a strong confirmation signal.
➡️
Steady new buyers — ~4 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 2 → 6 → 0 → 4. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Mixed — 38% long-term, 46% new
■ 38% conviction (2yr+)
■ 15% medium
■ 46% new
Of the 13 current holders: 5 (38%) held >2 years, 2 held 1–2 years, and 6 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.
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Price up while funds trimmed (+7% value, -9% shares)
Last quarter: total value of institutional DHLGY holdings rose +7% even though funds reduced share count by 9%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
⚠️
Saturation — most institutions already know this story
5 → 2 → 6 → 0 → 4 new funds/Q
New funds entering each quarter: 2 → 6 → 0 → 4. 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.
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Mixed cohorts — 31% veterans, 54% new entrants
■ 31% veterans
■ 15% 1-2yr
■ 54% new
Of 13 current holders: 4 (31%) held 2+ years, 2 held 1–2 years, 7 (54%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Smaller funds dominant — 15% AUM from top-100
15% from top-100 AUM funds
2 of 13 holders rank in the top 100 by AUM, but together hold only 15% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
Exit risk score 2.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.