Based on 17 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added FSEA 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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High ownership — 74% of 3.0Y peak
74% of all-time peak
17 funds currently hold this stock — 74% of the 3.0-year high of 23 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 — 11% fewer funds vs a year ago
fund count last 6Q
2 fewer hedge funds hold FSEA compared to a year ago (-11% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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More buyers than sellers — 82% buying
9 buying2 selling
Last quarter: 9 funds were net buyers (3 opened a brand new position + 6 added to an existing one). Only 2 were sellers (0 trimmed + 2 sold completely). A clear majority buying is a strong confirmation signal.
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Steady new buyers — ~3 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 0 → 1 → 1 → 3. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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47% of holders stayed for 2+ years
■ 47% conviction (2yr+)
■ 24% medium
■ 29% new
8 out of 17 hedge funds have held FSEA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
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Steady discovery — ~3 new funds/quarter
1 → 0 → 1 → 1 → 3 new funds/Q
New funds entering each quarter: 0 → 1 → 1 → 3. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 47% veterans vs 29% newcomers
■ 47% veterans
■ 24% 1-2yr
■ 29% new
Entry-cohort mix of 17 holders: 8 (47%) are 2+ year veterans, 4 entered 1–2 years ago, and 5 (29%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 44% AUM from top-100 funds
44% from top-100 AUM funds
4 of 17 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in FSEA. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
Exit risk score 2.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.