Based on 103 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 GDEC 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.
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At the ownership peak (100% of max)
100% of all-time peak
103 hedge funds hold GDEC 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.
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Fast accumulation — +21% more funds vs a year ago
fund count last 6Q
+18 new funds entered over the past year (+21% 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 — 70% buying
63 buying27 selling
Last quarter: 63 funds were net buyers (37 opened a brand new position + 26 added to an existing one). Only 27 were sellers (18 trimmed + 9 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+33 vs last Q)
new funds entering per quarter
Funds opening a new GDEC position: 16 → 14 → 4 → 37. 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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Mostly new holders — 35% entered in last year
■ 15% conviction (2yr+)
■ 50% medium
■ 35% new
Only 15 funds (15%) 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.
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Growing discovery — still being found
45 → 16 → 14 → 4 → 37 new funds/Q
New funds entering each quarter: 16 → 14 → 4 → 37. A growing number of institutions are discovering GDEC each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Early stage — 62% of holders entered in last year
■ 1% veterans
■ 37% 1-2yr
■ 62% new
Of 103 current holders: 64 (62%) entered in the past year, only 1 (1%) 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.
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Smaller funds dominant — 12% AUM from top-100
12% from top-100 AUM funds
6 of 103 holders rank in the top 100 by AUM, but together hold only 12% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.