Based on 160 hedge funds · latest filing: 2025 Q4 · updated quarterly
📉
Selling streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds reduced or closed their GRND positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊
High ownership — 88% of 3.0Y peak
88% of all-time peak
160 funds currently hold this stock — 88% of the 3.0-year high of 182 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️
Stable — ownership unchanged year-over-year
fund count last 6Q
The number of hedge funds holding GRND is almost the same as a year ago (+3 funds, +2% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠
More sellers than buyers — 46% buying
93 buying109 selling
Last quarter: 109 funds reduced or exited vs 93 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
📈
More new buyers each quarter (+18 vs last Q)
new funds entering per quarter
Funds opening a new GRND position: 33 → 49 → 28 → 46. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌
Mixed — 32% long-term, 36% new
■ 32% conviction (2yr+)
■ 32% medium
■ 36% new
Of the 160 current holders: 51 (32%) held >2 years, 51 held 1–2 years, and 58 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.
➡️
Steady discovery — ~46 new funds/quarter
48 → 33 → 49 → 28 → 46 new funds/Q
New funds entering each quarter: 33 → 49 → 28 → 46. Consistent flow of new institutional buyers without clear acceleration or slowdown.
📊
Mixed cohorts — 32% veterans, 45% new entrants
■ 32% veterans
■ 23% 1-2yr
■ 45% new
Of 174 current holders: 55 (32%) held 2+ years, 40 held 1–2 years, 79 (45%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅
Strong quality — 33% AUM from major funds
33% from top-100 AUM funds
30 of 160 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.