Based on 117 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 5 quarters in a row
For 5 consecutive quarters, more hedge funds added HAFN 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
117 hedge funds hold HAFN 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 — +36% more funds vs a year ago
fund count last 6Q
+31 new funds entered over the past year (+36% 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 — 62% buying
80 buying48 selling
Last quarter: 80 funds were net buyers (29 opened a brand new position + 51 added to an existing one). Only 48 were sellers (31 trimmed + 17 sold completely). A clear majority buying is a strong confirmation signal.
➡️
Steady new buyers — ~29 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 22 → 35 → 24 → 29. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄
Mostly new holders — 46% entered in last year
■ 5% conviction (2yr+)
■ 49% medium
■ 46% new
Only 6 funds (5%) 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.
➡️
Steady discovery — ~29 new funds/quarter
85 → 22 → 35 → 24 → 29 new funds/Q
New funds entering each quarter: 22 → 35 → 24 → 29. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🌱
Early stage — 93% of holders entered in last year
■ 6% veterans
■ 1% 1-2yr
■ 93% new
Of 121 current holders: 113 (93%) entered in the past year, only 7 (6%) 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.
🏆
Elite ownership — 42% AUM from top-100 funds
42% from top-100 AUM funds
20 of 117 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in HAFN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.5
out of 10
Moderate Exit Risk
Exit risk score 4.5/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.