Based on 215 hedge funds · latest filing: 2026 Q2 · updated quarterly
📈
Buying streak — 5 quarters in a row
For 5 consecutive quarters, more hedge funds added FTXL 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
215 hedge funds hold FTXL 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 — +97% more funds vs a year ago
fund count last 6Q
+106 new funds entered over the past year (+97% 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 — 63% buying
122 buying73 selling
Last quarter: 122 funds were net buyers (63 opened a brand new position + 59 added to an existing one). Only 73 were sellers (65 trimmed + 8 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+27 vs last Q)
new funds entering per quarter
Funds opening a new FTXL position: 15 → 38 → 36 → 63. 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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Mixed — 39% long-term, 41% new
■ 39% conviction (2yr+)
■ 20% medium
■ 41% new
Of the 215 current holders: 83 (39%) held >2 years, 44 held 1–2 years, and 88 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.
💰
Price up while funds trimmed (+56% value, -17% shares)
Last quarter: total value of institutional FTXL holdings rose +56% even though funds reduced share count by 17%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
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Acceleration phase — new buyers rushing in
13 → 15 → 38 → 36 → 63 new funds/Q
New funds entering each quarter: 15 → 38 → 36 → 63. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
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Veteran-anchored — 47% veterans vs 40% newcomers
■ 47% veterans
■ 13% 1-2yr
■ 40% new
Entry-cohort mix of 220 holders: 104 (47%) are 2+ year veterans, 28 entered 1–2 years ago, and 88 (40%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 70% AUM from top-100 funds
70% from top-100 AUM funds
21 of 214 holders are among the 100 largest funds by AUM, controlling 70% of total institutional value in FTXL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
5.1
out of 10
Moderate Exit Risk
Exit risk score 5.1/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.