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 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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At the ownership peak (100% of max)
100% of all-time peak
11 hedge funds hold FARX right now — the highest count in 1.8 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
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Stable — ownership unchanged year-over-year
fund count last 6Q
The number of hedge funds holding FARX is almost the same as a year ago (+0 funds, +0% change). No significant rush to buy or sell — institutional backing is holding steady.
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More buyers than sellers — 78% buying
7 buying2 selling
Last quarter: 7 funds were net buyers (5 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 — ~5 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 0 → 0 → 1 → 5. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Mostly new holders — 27% entered in last year
■ 0% conviction (2yr+)
■ 73% medium
■ 27% 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 — ~5 new funds/quarter
3 → 0 → 0 → 1 → 5 new funds/Q
New funds entering each quarter: 0 → 0 → 1 → 5. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Mixed cohorts — 0% veterans, 36% new entrants
■ 0% veterans
■ 64% 1-2yr
■ 36% new
Of 11 current holders: 0 (0%) held 2+ years, 7 held 1–2 years, 4 (36%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Elite ownership — 48% AUM from top-100 funds
48% from top-100 AUM funds
2 of 11 holders are among the 100 largest funds by AUM, controlling 48% 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 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.