Based on 142 hedge funds · latest filing: 2026 Q1 · updated quarterly
📈
Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added FCG 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.
🏔️
At the ownership peak (100% of max)
100% of all-time peak
142 hedge funds hold FCG 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 classic 'crowded trade' — high popularity doesn't equal safety.
🚀
Fast accumulation — +38% more funds vs a year ago
fund count last 6Q
+39 new funds entered over the past year (+38% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢
More buyers than sellers — 70% buying
95 buying41 selling
Last quarter: 95 funds were net buyers (54 opened a brand new position + 41 added to an existing one). Only 41 were sellers (27 trimmed + 14 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+31 vs last Q)
new funds entering per quarter
Funds opening a new FCG position: 18 → 13 → 23 → 54. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒
49% of holders stayed for 2+ years
■ 49% conviction (2yr+)
■ 20% medium
■ 31% new
70 out of 142 hedge funds have held FCG 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.
💰
Value +104% but shares only +53% — price-driven
Last quarter: the total dollar value of institutional holdings rose +104%, but actual share count only changed +53%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
🚀
Acceleration phase — new buyers rushing in
19 → 18 → 13 → 23 → 54 new funds/Q
New funds entering each quarter: 18 → 13 → 23 → 54. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️
Deep conviction — 59% of holders stayed 2+ years
■ 59% veterans
■ 9% 1-2yr
■ 32% new
Of 147 current holders: 87 (59%) 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.
🏆
Elite ownership — 50% AUM from top-100 funds
50% from top-100 AUM funds
17 of 142 holders are among the 100 largest funds by AUM, controlling 50% of total institutional value in FCG. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.