Based on 10 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 FARX 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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High ownership — 91% of 1.8Y peak
91% of all-time peak
10 funds currently hold this stock — 91% of the 1.8-year high of 11 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 9% fewer funds vs a year ago
fund count last 6Q
1 fewer hedge funds hold FARX compared to a year ago (-9% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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More buyers than sellers — 75% buying
6 buying2 selling
Last quarter: 6 funds were net buyers (4 opened a brand new position + 2 added to an existing one). Only 2 were sellers (2 trimmed + 0 sold completely). A clear majority buying is a strong confirmation signal.
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Steady new buyers — ~4 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 0 → 0 → 1 → 4. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Mostly new holders — 20% entered in last year
■ 0% conviction (2yr+)
■ 80% medium
■ 20% new
Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
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Steady discovery — ~4 new funds/quarter
3 → 0 → 0 → 1 → 4 new funds/Q
New funds entering each quarter: 0 → 0 → 1 → 4. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Mixed cohorts — 0% veterans, 30% new entrants
■ 0% veterans
■ 70% 1-2yr
■ 30% new
Of 10 current holders: 0 (0%) held 2+ years, 7 held 1–2 years, 3 (30%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Elite ownership — 71% AUM from top-100 funds
71% from top-100 AUM funds
2 of 10 holders are among the 100 largest funds by AUM, controlling 71% of total institutional value in FARX. 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 3.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.