Based on 90 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added this stock 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 trade.
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At the ownership peak (100% of max)
100% of all-time peak
90 hedge funds hold this stock 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 'crowded trade' — high ownership doesn't mean safe.
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Fast accumulation — +23% more funds vs a year ago
fund count last 6Q
+17 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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More buyers than sellers — 67% buying
58 buying29 selling
Last quarter: 58 funds were net buyers (20 opened a brand new position + 38 added to an existing one). Only 29 were sellers (23 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+11 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 17 → 13 → 9 → 20. A growing number of new institutional buyers means the stock is still being discovered — the opportunity hasn't been fully priced in.
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Mixed — 37% long-term, 26% new
■ 37% conviction (2yr+)
■ 38% medium
■ 26% new
Of the 90 current holders: 33 (37%) held >2 years, 34 held 1–2 years, and 23 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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Steady discovery — ~20 new funds/quarter
16 → 17 → 13 → 9 → 20 new funds/Q
New funds entering each quarter: 17 → 13 → 9 → 20. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Mixed cohorts — 38% veterans, 39% new entrants
■ 38% veterans
■ 23% 1-2yr
■ 39% new
Of 90 current holders: 34 (38%) held 2+ years, 21 held 1–2 years, 35 (39%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Smaller funds dominant — 9% top-100 AUM
9% from top-100 AUM funds
Only 8 of 90 current holders rank in the top 100 by AUM. The stock is held mostly by smaller and mid-sized funds — the largest institutional players haven't yet built significant positions.
Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.