Based on 114 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 this stock 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 trade.
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At the ownership peak (99% of max)
99% of all-time peak
114 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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Steady growth — +8% more funds vs a year ago
fund count last 6Q
+8 new funds entered over the past year (+8% 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 — 61% buying
73 buying46 selling
Last quarter: 73 funds were net buyers (23 opened a brand new position + 50 added to an existing one). Only 46 were sellers (30 trimmed + 16 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+6 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 21 → 20 → 17 → 23. A growing number of new institutional buyers means the stock is still being discovered — the opportunity hasn't been fully priced in.
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Mostly new holders — 28% entered in last year
■ 21% conviction (2yr+)
■ 51% medium
■ 28% new
Only 24 funds (21%) 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 — ~23 new funds/quarter
23 → 21 → 20 → 17 → 23 new funds/Q
New funds entering each quarter: 21 → 20 → 17 → 23. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Mixed cohorts — 23% veterans, 48% new entrants
■ 23% veterans
■ 29% 1-2yr
■ 48% new
Of 114 current holders: 26 (23%) held 2+ years, 33 held 1–2 years, 55 (48%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Smaller funds dominant — 14% top-100 AUM
14% from top-100 AUM funds
Only 16 of 114 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 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.