Based on 417 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 11 quarters in a row
For 11 consecutive quarters, more hedge funds added FDVV 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
417 hedge funds hold FDVV 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 — +48% more funds vs a year ago
fund count last 6Q
+135 new funds entered over the past year (+48% 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 — 75% buying
298 buying98 selling
Last quarter: 298 funds were net buyers (73 opened a brand new position + 225 added to an existing one). Only 98 were sellers (71 trimmed + 27 sold completely). A clear majority buying is a strong confirmation signal.
📈
More new buyers each quarter (+27 vs last Q)
new funds entering per quarter
Funds opening a new FDVV position: 55 → 55 → 46 → 73. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌
Mixed — 35% long-term, 30% new
■ 35% conviction (2yr+)
■ 35% medium
■ 30% new
Of the 417 current holders: 147 (35%) held >2 years, 145 held 1–2 years, and 125 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
➡️
Steady discovery — ~73 new funds/quarter
50 → 55 → 55 → 46 → 73 new funds/Q
New funds entering each quarter: 55 → 55 → 46 → 73. Consistent flow of new institutional buyers without clear acceleration or slowdown.
📊
Mixed cohorts — 35% veterans, 43% new entrants
■ 35% veterans
■ 22% 1-2yr
■ 43% new
Of 418 current holders: 147 (35%) held 2+ years, 93 held 1–2 years, 178 (43%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅
Strong quality — 32% AUM from major funds
32% from top-100 AUM funds
14 of 417 holders rank in the top 100 by AUM, accounting for 32% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.3
out of 10
Moderate Exit Risk
Exit risk score 4.3/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.