Based on 141 hedge funds · latest filing: 2025 Q4 · updated quarterly
📉 Selling streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds reduced or closed this position than added to it. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams deciding to exit.
🏔️ At the ownership peak (97% of max)
141 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.
📶 Steady growth — +15% more funds vs a year ago
+18 new funds entered over the past year (+15% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🔴 Heavy selling pressure — only 29% buying
Last quarter: 87 funds sold vs only 35 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
📈 More new buyers each quarter (+6 vs last Q)
Funds opening this position for the first time: 28 → 11 → 6 → 12. A growing number of new institutional buyers means the stock is still being discovered — the opportunity hasn't been fully priced in.
🔒 57% of holders stayed for 2+ years
80 out of 141 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.