Based on 82 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added FLGB 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
82 hedge funds hold FLGB 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.
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Steady growth — +14% more funds vs a year ago
fund count last 6Q
+10 new funds entered over the past year (+14% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
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Slight buying edge — 58% buying
45 buying32 selling
Last quarter: 45 funds bought or added vs 32 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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More new buyers each quarter (+9 vs last Q)
new funds entering per quarter
Funds opening a new FLGB position: 9 → 13 → 6 → 15. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
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Mixed — 39% long-term, 24% new
■ 39% conviction (2yr+)
■ 37% medium
■ 24% new
Of the 82 current holders: 32 (39%) held >2 years, 30 held 1–2 years, and 20 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.
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Steady discovery — ~15 new funds/quarter
5 → 9 → 13 → 6 → 15 new funds/Q
New funds entering each quarter: 9 → 13 → 6 → 15. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Deep conviction — 44% of holders stayed 2+ years
■ 44% veterans
■ 28% 1-2yr
■ 28% new
Of 82 current holders: 36 (44%) 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.
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Elite ownership — 79% AUM from top-100 funds
79% from top-100 AUM funds
17 of 82 holders are among the 100 largest funds by AUM, controlling 79% of total institutional value in FLGB. 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.