Based on 33 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added HCWC 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
33 hedge funds hold HCWC 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 — +38% more funds vs a year ago
fund count last 6Q
+9 new funds entered over the past year (+38% 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.
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Slight buying edge — 53% buying
17 buying15 selling
Last quarter: 17 funds bought or added vs 15 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.
➡️
Steady new buyers — ~10 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 13 → 10 → 11 → 10. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Mostly new holders — 42% entered in last year
■ 3% conviction (2yr+)
■ 55% medium
■ 42% new
Only 1 funds (3%) 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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Buying through price weakness — shares +114%, value +56%
Last quarter: funds added +114% more shares while total portfolio value only changed +56%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️
Steady discovery — ~10 new funds/quarter
7 → 13 → 10 → 11 → 10 new funds/Q
New funds entering each quarter: 13 → 10 → 11 → 10. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Mixed cohorts — 3% veterans, 52% new entrants
■ 3% veterans
■ 45% 1-2yr
■ 52% new
Of 33 current holders: 1 (3%) held 2+ years, 15 held 1–2 years, 17 (52%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Elite ownership — 48% AUM from top-100 funds
48% from top-100 AUM funds
10 of 33 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in HCWC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.