Based on 174 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 (97% of max)
97% of all-time peak
174 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 — +45% more funds vs a year ago
fund count last 6Q
+54 new funds entered over the past year (+45% 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 — 61% buying
97 buying63 selling
Last quarter: 97 funds were net buyers (23 opened a brand new position + 74 added to an existing one). Only 63 were sellers (44 trimmed + 19 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+8 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 47 → 35 → 15 → 23. 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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51% of holders stayed for 2+ years
■ 51% conviction (2yr+)
■ 30% medium
■ 18% new
89 out of 174 hedge funds have held this stock for over 2 years without selling. Long-term holders are harder to shake out during market dips — they represent a stable ownership base that reduces the risk of sudden mass selling.
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Peak discovery — momentum slowing
21 → 47 → 35 → 15 → 23 new funds/Q
New funds entering each quarter: 47 → 35 → 15 → 23. The stock is well-known in the hedge fund world but new entries are declining. The easy phase of institutional discovery may be behind us.
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Deep conviction — 59% of holders stayed 2+ years
■ 59% veterans
■ 13% 1-2yr
■ 28% new
Of 174 current holders: 102 (59%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
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Smaller funds dominant — 8% top-100 AUM
8% from top-100 AUM funds
Only 14 of 174 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 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.