Based on 213 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 11 quarters in a row
For 11 consecutive quarters, more hedge funds added FRDM 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
213 hedge funds hold FRDM 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 — +68% more funds vs a year ago
fund count last 6Q
+86 new funds entered over the past year (+68% 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.
🟢
More buyers than sellers — 74% buying
144 buying50 selling
Last quarter: 144 funds were net buyers (48 opened a brand new position + 96 added to an existing one). Only 50 were sellers (43 trimmed + 7 sold completely). A clear majority buying is a strong confirmation signal.
📈
More new buyers each quarter (+13 vs last Q)
new funds entering per quarter
Funds opening a new FRDM position: 20 → 28 → 35 → 48. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌
Mixed — 31% long-term, 44% new
■ 31% conviction (2yr+)
■ 26% medium
■ 44% new
Of the 213 current holders: 65 (31%) held >2 years, 55 held 1–2 years, and 93 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.
💰
Value +33% but shares only +13% — price-driven
Last quarter: the total dollar value of institutional holdings rose +33%, but actual share count only changed +13%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
🚀
Acceleration phase — new buyers rushing in
23 → 20 → 28 → 35 → 48 new funds/Q
New funds entering each quarter: 20 → 28 → 35 → 48. 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.
📊
Mixed cohorts — 31% veterans, 49% new entrants
■ 31% veterans
■ 20% 1-2yr
■ 49% new
Of 213 current holders: 66 (31%) held 2+ years, 43 held 1–2 years, 104 (49%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
📋
Smaller funds dominant — 11% AUM from top-100
11% from top-100 AUM funds
12 of 213 holders rank in the top 100 by AUM, but together hold only 11% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
5.0
out of 10
Moderate Exit Risk
Exit risk score 5.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.