Based on 656 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added FTEC 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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At the ownership peak (100% of max)
100% of all-time peak
656 hedge funds hold FTEC 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.
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Fast accumulation — +23% more funds vs a year ago
fund count last 6Q
+122 new funds entered over the past year (+23% 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.
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Slight buying edge — 54% buying
306 buying263 selling
Last quarter: 306 funds bought or added vs 263 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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More new buyers each quarter (+45 vs last Q)
new funds entering per quarter
Funds opening a new FTEC position: 58 → 99 → 60 → 105. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
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52% of holders stayed for 2+ years
■ 52% conviction (2yr+)
■ 26% medium
■ 22% new
344 out of 656 hedge funds have held FTEC 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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Price up while funds trimmed (+36% value, -1% shares)
Last quarter: total value of institutional FTEC holdings rose +36% even though funds reduced share count by 1%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
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Steady discovery — ~105 new funds/quarter
77 → 58 → 99 → 60 → 105 new funds/Q
New funds entering each quarter: 58 → 99 → 60 → 105. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 56% veterans vs 27% newcomers
■ 56% veterans
■ 16% 1-2yr
■ 27% new
Entry-cohort mix of 662 holders: 373 (56%) are 2+ year veterans, 107 entered 1–2 years ago, and 182 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Strong quality — 35% AUM from major funds
35% from top-100 AUM funds
31 of 653 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.