Based on 323 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 this stock 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 trade.
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At the ownership peak (97% of max)
97% of all-time peak
323 hedge funds hold this stock 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 'crowded trade' — high ownership doesn't mean safe.
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Steady growth — +9% more funds vs a year ago
fund count last 6Q
+26 new funds entered over the past year (+9% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
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More sellers than buyers — 48% buying
128 buying137 selling
Last quarter: 137 funds reduced or exited vs 128 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.
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More new buyers each quarter (+14 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 35 → 53 → 22 → 36. A growing number of new institutional buyers means the stock is still being discovered — the opportunity hasn't been fully priced in.
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60% of holders stayed for 2+ years
■ 60% conviction (2yr+)
■ 24% medium
■ 16% new
194 out of 323 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.
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Peak discovery — momentum slowing
52 → 35 → 53 → 22 → 36 new funds/Q
New funds entering each quarter: 35 → 53 → 22 → 36. The stock is well-known in the hedge fund world but new entries are declining. The easy phase of institutional discovery may be behind us.
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Deep conviction — 63% of holders stayed 2+ years
■ 63% veterans
■ 14% 1-2yr
■ 23% new
Of 328 current holders: 207 (63%) 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.
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Smaller funds dominant — 5% top-100 AUM
5% from top-100 AUM funds
Only 16 of 323 current holders rank in the top 100 by AUM. The stock is held mostly by smaller and mid-sized funds — the largest institutional players haven't yet built significant positions.
Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.