Based on 105 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 GFEB 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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High ownership — 93% of 3.0Y peak
93% of all-time peak
105 funds currently hold this stock — 93% of the 3.0-year high of 113 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Steady growth — +18% more funds vs a year ago
fund count last 6Q
+16 new funds entered over the past year (+18% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🔴
Heavy selling pressure — only 34% buying
29 buying56 selling
Last quarter: 56 funds sold vs only 29 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
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More new buyers each quarter (+14 vs last Q)
new funds entering per quarter
Funds opening a new GFEB position: 32 → 18 → 3 → 17. 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 — 25% long-term, 19% new
■ 25% conviction (2yr+)
■ 56% medium
■ 19% new
Of the 105 current holders: 26 (25%) held >2 years, 59 held 1–2 years, and 20 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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Peak discovery — momentum slowing
16 → 32 → 18 → 3 → 17 new funds/Q
New funds entering each quarter: 32 → 18 → 3 → 17. GFEB is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
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Mixed cohorts — 28% veterans, 40% new entrants
■ 28% veterans
■ 32% 1-2yr
■ 40% new
Of 105 current holders: 29 (28%) held 2+ years, 34 held 1–2 years, 42 (40%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Smaller funds dominant — 6% AUM from top-100
6% from top-100 AUM funds
6 of 105 holders rank in the top 100 by AUM, but together hold only 6% 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.