Based on 110 hedge funds · latest filing: 2025 Q4 · updated quarterly
➡️
No change last quarter
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
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At the ownership peak (96% of max)
96% of all-time peak
110 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.
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Outflows — 4% fewer funds vs a year ago
fund count last 6Q
5 fewer hedge funds hold this stock compared to a year ago (-4% decline). When institutions consistently reduce exposure, it's worth asking what they know that retail investors don't.
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Slight buying edge — 55% buying
68 buying56 selling
Last quarter: 68 funds bought or added vs 56 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
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Steady new buyers — ~19 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 13 → 18 → 15 → 19. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Mostly new holders — 28% entered in last year
■ 23% conviction (2yr+)
■ 49% medium
■ 28% new
Only 25 funds (23%) 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 — ~19 new funds/quarter
27 → 13 → 18 → 15 → 19 new funds/Q
New funds entering each quarter: 13 → 18 → 15 → 19. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Mixed cohorts — 24% veterans, 40% new entrants
■ 24% veterans
■ 36% 1-2yr
■ 40% new
Of 110 current holders: 26 (24%) held 2+ years, 40 held 1–2 years, 44 (40%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Smaller funds dominant — 11% top-100 AUM
11% from top-100 AUM funds
Only 12 of 110 current holders rank in the top 100 by AUM. The stock is held mostly by smaller and mid-sized funds — the largest institutional players haven't yet built significant positions.
Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.