Based on 1078 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added this stock 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 trade.
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At the ownership peak (100% of max)
100% of all-time peak
1,078 hedge funds hold this stock 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 'crowded trade' — high ownership doesn't mean safe.
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Steady growth — +7% more funds vs a year ago
fund count last 6Q
+70 new funds entered over the past year (+7% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
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Slight buying edge — 55% buying
547 buying454 selling
Last quarter: 547 funds bought or added vs 454 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.
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More new buyers each quarter (+35 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 164 → 112 → 89 → 124. A growing number of new institutional buyers means the stock is still being discovered — the opportunity hasn't been fully priced in.
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74% of holders stayed for 2+ years
■ 74% conviction (2yr+)
■ 16% medium
■ 11% new
793 out of 1,078 hedge funds have held this stock for over 2 years without selling. Long-term holders are harder to shake out during market dips — they represent a stable ownership base that reduces the risk of sudden mass selling.
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Peak discovery — momentum slowing
105 → 164 → 112 → 89 → 124 new funds/Q
New funds entering each quarter: 164 → 112 → 89 → 124. The stock is well-known in the hedge fund world but new entries are declining. The easy phase of institutional discovery may be behind us.
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Deep conviction — 76% of holders stayed 2+ years
■ 76% veterans
■ 10% 1-2yr
■ 14% new
Of 1,107 current holders: 842 (76%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
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Smaller funds dominant — 4% top-100 AUM
4% from top-100 AUM funds
Only 38 of 1078 current holders rank in the top 100 by AUM. The stock is held mostly by smaller and mid-sized funds — the largest institutional players haven't yet built significant positions.
Exit risk score 3.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.