Based on 139 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added FLY 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.
🏔️
At the ownership peak (100% of max)
100% of all-time peak
139 hedge funds hold FLY 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.
🚀
Fast accumulation — +83% more funds vs a year ago
fund count last 6Q
+63 new funds entered over the past year (+83% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks. The peak was reached in just 2 quarters from the low — a sharp move.
🟢
More buyers than sellers — 67% buying
104 buying51 selling
Last quarter: 104 funds were net buyers (64 opened a brand new position + 40 added to an existing one). Only 51 were sellers (19 trimmed + 32 sold completely). A clear majority buying is a strong confirmation signal.
⚠️
Fewer new buyers each quarter (-42 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 14 → 0 → 106 → 64. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔄
Mostly new holders — 66% entered in last year
■ 24% conviction (2yr+)
■ 9% medium
■ 66% new
Only 34 funds (24%) 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.
💎
Buying through price weakness — shares +2%, value -21%
Last quarter: funds added +2% more shares while total portfolio value only changed -21%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
🚀
Acceleration phase — new buyers rushing in
39 → 14 → 0 → 106 → 64 new funds/Q
New funds entering each quarter: 14 → 0 → 106 → 64. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🌱
Early stage — 56% of holders entered in last year
■ 44% veterans
■ 0% 1-2yr
■ 56% new
Of 151 current holders: 85 (56%) entered in the past year, only 66 (44%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
📋
Smaller funds dominant — 16% AUM from top-100
16% from top-100 AUM funds
28 of 139 holders rank in the top 100 by AUM, but together hold only 16% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
6.7
out of 10
Moderate Exit Risk
Exit risk score 6.7/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.