Based on 175 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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High ownership — 86% of 3.0Y peak
86% of all-time peak
175 funds currently hold this stock — 86% of the 3.0-year high of 204 funds (reached 2023 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 12% fewer funds vs a year ago
fund count last 6Q
24 fewer hedge funds hold this stock compared to a year ago (-12% 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 — 54% buying
99 buying85 selling
Last quarter: 99 funds bought or added vs 85 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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Fewer new buyers each quarter (-13 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 57 → 30 → 38 → 25. 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.
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49% of holders stayed for 2+ years
■ 49% conviction (2yr+)
■ 32% medium
■ 19% new
85 out of 175 hedge funds have held this stock for over 2 years without selling. Long-term holders are harder to shake out during market dips — they represent a stable ownership base that reduces the risk of sudden mass selling.
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Peak discovery — momentum slowing
44 → 57 → 30 → 38 → 25 new funds/Q
New funds entering each quarter: 57 → 30 → 38 → 25. The stock is well-known in the hedge fund world but new entries are declining. The easy phase of institutional discovery may be behind us.
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Deep conviction — 59% of holders stayed 2+ years
■ 59% veterans
■ 14% 1-2yr
■ 27% new
Of 179 current holders: 106 (59%) 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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Smaller funds dominant — 19% top-100 AUM
19% from top-100 AUM funds
Only 33 of 175 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 2.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.