Based on 85 hedge funds · latest filing: 2025 Q4 · updated quarterly
📉
Selling streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds reduced or closed this position than added to it. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams deciding to exit.
📊
High ownership — 88% of 3.0Y peak
88% of all-time peak
85 funds currently hold this stock — 88% of the 3.0-year high of 97 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀
Fast accumulation — +39% more funds vs a year ago
fund count last 6Q
+24 new funds entered over the past year (+39% 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 sellers than buyers — 40% buying
41 buying61 selling
Last quarter: 61 funds reduced or exited vs 41 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️
Fewer new buyers each quarter (-17 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 18 → 27 → 31 → 14. 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.
🔄
Mostly new holders — 47% entered in last year
■ 24% conviction (2yr+)
■ 29% medium
■ 47% new
Only 20 funds (24%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
💰
Price up while funds trimmed (+12% value, -5% shares)
Last quarter: total value of institutional FTK holdings rose +12% even though funds reduced share count by 5%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
➡️
Steady discovery — ~14 new funds/quarter
29 → 18 → 27 → 31 → 14 new funds/Q
New funds entering each quarter: 18 → 27 → 31 → 14. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🌱
Early stage — 62% of holders entered in last year
■ 25% veterans
■ 13% 1-2yr
■ 62% new
Of 87 current holders: 54 (62%) entered in the past year, only 22 (25%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
✅
Strong quality — 28% from major AUM funds
28% from top-100 AUM funds
24 of 85 current holders rank in the top 100 by AUM. A meaningful share of the ownership base comes from the most well-resourced institutions.
4.7
out of 10
Moderate Exit Risk
Exit risk score 4.7/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.