Based on 33 hedge funds · latest filing: 2025 Q4 · updated quarterly
📉
Selling streak — 5 quarters in a row
For 5 consecutive quarters, more hedge funds reduced or closed this position than added to it. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams deciding to exit.
🔻
Below peak — only 52% of 3.0Y high
52% of all-time peak
Only 33 funds hold this stock today versus a peak of 63 funds at 2024 Q2 — just 52% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📉
Outflows — 47% fewer funds vs a year ago
fund count last 6Q
29 fewer hedge funds hold this stock compared to a year ago (-47% decline). When institutions consistently reduce exposure, it's worth asking what they know that retail investors don't.
🔴
Heavy selling pressure — only 37% buying
13 buying22 selling
Last quarter: 22 funds sold vs only 13 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️
Steady new buyers — ~5 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 2 → 2 → 3 → 5. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒
82% of holders stayed for 2+ years
■ 82% conviction (2yr+)
■ 9% medium
■ 9% new
27 out of 33 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.
💰
Value +28% but shares only +7% — price-driven
Last quarter: the total dollar value of institutional holdings rose +28%, but actual share count only changed +7%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈
Growing discovery — still being found
8 → 2 → 2 → 3 → 5 new funds/Q
New funds entering each quarter: 2 → 2 → 3 → 5. A growing number of institutions are discovering this stock each quarter. The idea is still spreading — there is room for more buyers to enter.
🏛️
Deep conviction — 82% of holders stayed 2+ years
■ 82% veterans
■ 9% 1-2yr
■ 9% new
Of 33 current holders: 27 (82%) 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.
✅
Strong quality — 24% from major AUM funds
24% from top-100 AUM funds
8 of 33 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 1.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.