Based on 11 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added DRV 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.
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Below peak — only 55% of 3.0Y high
55% of all-time peak
Only 11 funds hold DRV today versus a peak of 20 funds at 2023 Q3 — just 55% 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 — 8% fewer funds vs a year ago
fund count last 6Q
1 fewer hedge funds hold DRV compared to a year ago (-8% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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More sellers than buyers — 45% buying
5 buying6 selling
Last quarter: 6 funds reduced or exited vs 5 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️
Steady new buyers — ~2 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 3 → 2 → 2 → 2. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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73% of holders stayed for 2+ years
■ 73% conviction (2yr+)
■ 9% medium
■ 18% new
8 out of 11 hedge funds have held DRV 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.
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Buying through price weakness — shares +9%, value -15%
Last quarter: funds added +9% more shares while total portfolio value only changed -15%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
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Peak discovery — momentum slowing
3 → 3 → 2 → 2 → 2 new funds/Q
New funds entering each quarter: 3 → 2 → 2 → 2. DRV is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
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Veteran-anchored — 77% veterans vs 15% newcomers
■ 77% veterans
■ 8% 1-2yr
■ 15% new
Entry-cohort mix of 13 holders: 10 (77%) are 2+ year veterans, 1 entered 1–2 years ago, and 2 (15%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 71% AUM from top-100 funds
71% from top-100 AUM funds
4 of 11 holders are among the 100 largest funds by AUM, controlling 71% of total institutional value in DRV. 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 1.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.