Based on 13 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 HFBL 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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High ownership — 93% of 3.0Y peak
93% of all-time peak
13 funds currently hold this stock — 93% of the 3.0-year high of 14 funds (reached 2024 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Stable — ownership unchanged year-over-year
fund count last 6Q
The number of hedge funds holding HFBL 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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More buyers than sellers — 75% buying
6 buying2 selling
Last quarter: 6 funds were net buyers (3 opened a brand new position + 3 added to an existing one). Only 2 were sellers (1 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.
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Steady new buyers — ~3 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 0 → 1 → 0 → 3. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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85% of holders stayed for 2+ years
■ 85% conviction (2yr+)
■ 15% medium
■ 0% new
11 out of 13 hedge funds have held HFBL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
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Value +35% but shares only +3% — price-driven
Last quarter: the total dollar value of institutional holdings rose +35%, but actual share count only changed +3%. 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.
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Steady discovery — ~3 new funds/quarter
0 → 0 → 1 → 0 → 3 new funds/Q
New funds entering each quarter: 0 → 1 → 0 → 3. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Deep conviction — 85% of holders stayed 2+ years
■ 85% veterans
■ 15% 1-2yr
■ 0% new
Of 13 current holders: 11 (85%) 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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Elite ownership — 59% AUM from top-100 funds
59% from top-100 AUM funds
7 of 13 holders are among the 100 largest funds by AUM, controlling 59% of total institutional value in HFBL. 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 2.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.