Based on 103 hedge funds · latest filing: 2026 Q1 · updated quarterly
📈
Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added FTQI 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
103 hedge funds hold FTQI 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 — +26% more funds vs a year ago
fund count last 6Q
+21 new funds entered over the past year (+26% 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 — 72% buying
75 buying29 selling
Last quarter: 75 funds were net buyers (13 opened a brand new position + 62 added to an existing one). Only 29 were sellers (17 trimmed + 12 sold completely). A clear majority buying is a strong confirmation signal.
⚠️
Fewer new buyers each quarter (-10 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 16 → 13 → 23 → 13. 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.
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Mixed — 36% long-term, 24% new
■ 36% conviction (2yr+)
■ 40% medium
■ 24% new
Of the 103 current holders: 37 (36%) held >2 years, 41 held 1–2 years, and 25 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.
💎
Buying through price weakness — shares +7%, value -10%
Last quarter: funds added +7% more shares while total portfolio value only changed -10%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
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Growing discovery — still being found
19 → 16 → 13 → 23 → 13 new funds/Q
New funds entering each quarter: 16 → 13 → 23 → 13. A growing number of institutions are discovering FTQI each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Mixed cohorts — 39% veterans, 41% new entrants
■ 39% veterans
■ 20% 1-2yr
■ 41% new
Of 103 current holders: 40 (39%) held 2+ years, 21 held 1–2 years, 42 (41%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Elite ownership — 50% AUM from top-100 funds
50% from top-100 AUM funds
8 of 103 holders are among the 100 largest funds by AUM, controlling 50% of total institutional value in FTQI. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.