Based on 24 hedge funds · latest filing: 2026 Q1 · updated quarterly
📈
Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added GNPX 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.
🏔️
At the ownership peak (96% of max)
96% of all-time peak
24 hedge funds hold GNPX right now — the highest count in 2.5 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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Steady growth — +4% more funds vs a year ago
fund count last 6Q
+1 new funds entered over the past year (+4% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢
More buyers than sellers — 65% buying
13 buying7 selling
Last quarter: 13 funds were net buyers (11 opened a brand new position + 2 added to an existing one). Only 7 were sellers (2 trimmed + 5 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+6 vs last Q)
new funds entering per quarter
Funds opening a new GNPX position: 6 → 1 → 5 → 11. 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 — 50% entered in last year
■ 17% conviction (2yr+)
■ 33% medium
■ 50% new
Only 4 funds (17%) 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 +1177%, value +1101%
Last quarter: funds added +1177% more shares while total portfolio value only changed +1101%. 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
5 → 6 → 1 → 5 → 11 new funds/Q
New funds entering each quarter: 6 → 1 → 5 → 11. A growing number of institutions are discovering GNPX each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱
Early stage — 58% of holders entered in last year
■ 0% veterans
■ 42% 1-2yr
■ 58% new
Of 24 current holders: 14 (58%) entered in the past year, only 0 (0%) 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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Elite ownership — 44% AUM from top-100 funds
44% from top-100 AUM funds
5 of 24 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in GNPX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.