Based on 124 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 FLIN 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
124 hedge funds hold FLIN 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 — +11% more funds vs a year ago
fund count last 6Q
+12 new funds entered over the past year (+11% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
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More buyers than sellers — 62% buying
79 buying49 selling
Last quarter: 79 funds were net buyers (28 opened a brand new position + 51 added to an existing one). Only 49 were sellers (32 trimmed + 17 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+9 vs last Q)
new funds entering per quarter
Funds opening a new FLIN position: 22 → 22 → 19 → 28. 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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Mostly new holders — 31% entered in last year
■ 20% conviction (2yr+)
■ 49% medium
■ 31% new
Only 25 funds (20%) 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 — ~28 new funds/quarter
27 → 22 → 22 → 19 → 28 new funds/Q
New funds entering each quarter: 22 → 22 → 19 → 28. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Mixed cohorts — 22% veterans, 52% new entrants
■ 22% veterans
■ 27% 1-2yr
■ 52% new
Of 124 current holders: 27 (22%) held 2+ years, 33 held 1–2 years, 64 (52%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Smaller funds dominant — 14% AUM from top-100
14% from top-100 AUM funds
16 of 124 holders rank in the top 100 by AUM, but together hold only 14% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.