Based on 189 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 11 quarters in a row
For 11 consecutive quarters, more hedge funds added FTHI 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
189 hedge funds hold FTHI 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 — +36% more funds vs a year ago
fund count last 6Q
+50 new funds entered over the past year (+36% 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 — 70% buying
138 buying58 selling
Last quarter: 138 funds were net buyers (35 opened a brand new position + 103 added to an existing one). Only 58 were sellers (41 trimmed + 17 sold completely). A clear majority buying is a strong confirmation signal.
➡️
Steady new buyers — ~35 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 22 → 30 → 33 → 35. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Mixed — 38% long-term, 34% new
■ 38% conviction (2yr+)
■ 29% medium
■ 34% new
Of the 189 current holders: 71 (38%) held >2 years, 54 held 1–2 years, and 64 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.
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Growing discovery — still being found
27 → 22 → 30 → 33 → 35 new funds/Q
New funds entering each quarter: 22 → 30 → 33 → 35. A growing number of institutions are discovering FTHI each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Mixed cohorts — 38% veterans, 44% new entrants
■ 38% veterans
■ 17% 1-2yr
■ 44% new
Of 189 current holders: 72 (38%) held 2+ years, 33 held 1–2 years, 84 (44%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Elite ownership — 47% AUM from top-100 funds
47% from top-100 AUM funds
10 of 189 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in FTHI. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.3
out of 10
Moderate Exit Risk
Exit risk score 4.3/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.