Based on 249 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added GSAT 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 (100% of max)
100% of all-time peak
249 hedge funds hold GSAT right now — the highest count in 3.0 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.
🚀
Fast accumulation — +8200% more funds vs a year ago
fund count last 6Q
+246 new funds entered over the past year (+8200% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢
More buyers than sellers — 63% buying
162 buying97 selling
Last quarter: 162 funds were net buyers (90 opened a brand new position + 72 added to an existing one). Only 97 were sellers (73 trimmed + 24 sold completely). A clear majority buying is a strong confirmation signal.
📈
More new buyers each quarter (+34 vs last Q)
new funds entering per quarter
Funds opening a new GSAT position: 152 → 18 → 56 → 90. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔄
Mostly new holders — 55% entered in last year
■ 4% conviction (2yr+)
■ 41% medium
■ 55% new
Only 9 funds (4%) 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.
💰
Value +70% but shares only +18% — price-driven
Last quarter: the total dollar value of institutional holdings rose +70%, but actual share count only changed +18%. 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.
➡️
Steady discovery — ~90 new funds/quarter
3 → 152 → 18 → 56 → 90 new funds/Q
New funds entering each quarter: 152 → 18 → 56 → 90. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🌱
Early stage — 97% of holders entered in last year
■ 3% veterans
■ 0% 1-2yr
■ 97% new
Of 267 current holders: 258 (97%) entered in the past year, only 9 (3%) 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.
✅
Strong quality — 39% AUM from major funds
39% from top-100 AUM funds
36 of 249 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
6.4
out of 10
Moderate Exit Risk
Exit risk score 6.4/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.