Based on 34 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 2 quarters in a row
For 2 consecutive quarters, 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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High ownership — 87% of 3.0Y peak
87% of all-time peak
34 funds currently hold this stock — 87% of the 3.0-year high of 39 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 11% fewer funds vs a year ago
fund count last 6Q
4 fewer hedge funds hold this stock compared to a year ago (-11% decline). When institutions consistently reduce exposure, it's worth asking what they know that retail investors don't.
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More buyers than sellers — 68% buying
25 buying12 selling
Last quarter: 25 funds were net buyers (14 opened a brand new position + 11 added to an existing one). Only 12 were sellers (5 trimmed + 7 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: 9 → 2 → 3 → 14. 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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Mostly new holders — 35% entered in last year
■ 3% conviction (2yr+)
■ 62% medium
■ 35% new
Only 1 funds (3%) 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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Buying through price weakness — shares -40%, value -96%
Last quarter: funds added -40% more shares while total portfolio value only changed -96%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
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Growing discovery — still being found
9 → 9 → 2 → 3 → 14 new funds/Q
New funds entering each quarter: 9 → 2 → 3 → 14. A growing number of institutions are discovering this stock each quarter. The idea is still spreading — there is room for more buyers to enter.
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Mixed cohorts — 15% veterans, 41% new entrants
■ 15% veterans
■ 44% 1-2yr
■ 41% new
Of 34 current holders: 5 (15%) held 2+ years, 15 held 1–2 years, 14 (41%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Strong quality — 26% from major AUM funds
26% from top-100 AUM funds
9 of 34 current holders rank in the top 100 by AUM. A meaningful share of the ownership base comes from the most well-resourced institutions.
Exit risk score 3.2/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.