Based on 31 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added GSC 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.
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Below peak — only 47% of 3.0Y high
47% of all-time peak
Only 31 funds hold GSC today versus a peak of 66 funds at 2021 Q4 — just 47% 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.
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Stable — ownership unchanged year-over-year
fund count last 6Q
The number of hedge funds holding GSC is almost the same as a year ago (+0 funds, +0% change). No significant rush to buy or sell — institutional backing is holding steady.
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Slight buying edge — 57% buying
17 buying13 selling
Last quarter: 17 funds bought or added vs 13 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
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More new buyers each quarter (+6 vs last Q)
new funds entering per quarter
Funds opening a new GSC position: 5 → 5 → 3 → 9. 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 — 39% entered in last year
■ 16% conviction (2yr+)
■ 45% medium
■ 39% new
Only 5 funds (16%) 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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Steady discovery — ~9 new funds/quarter
15 → 5 → 5 → 3 → 9 new funds/Q
New funds entering each quarter: 5 → 5 → 3 → 9. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Early stage — 55% of holders entered in last year
■ 16% veterans
■ 29% 1-2yr
■ 55% new
Of 31 current holders: 17 (55%) entered in the past year, only 5 (16%) 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 — 48% AUM from top-100 funds
48% from top-100 AUM funds
5 of 31 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in GSC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
Exit risk score 1.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.