Based on 56 hedge funds · latest filing: 2022 Q2 · updated quarterly
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Buying streak — 2 quarters in a row
For 2 consecutive quarters, 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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High ownership — 90% of 3.0Y peak
90% of all-time peak
56 funds currently hold this stock — 90% of the 3.0-year high of 62 funds (reached 2021 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 10% fewer funds vs a year ago
fund count last 6Q
6 fewer hedge funds hold this stock compared to a year ago (-10% decline). When institutions consistently reduce exposure, it's worth asking what they know that retail investors don't.
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More sellers than buyers — 49% buying
37 buying39 selling
Last quarter: 39 funds reduced or exited vs 37 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: 6 → 5 → 11 → 25. A growing number of new institutional buyers means the stock is still being discovered — the opportunity hasn't been fully priced in.
🔒
52% of holders stayed for 2+ years
■ 52% conviction (2yr+)
■ 14% medium
■ 34% new
29 out of 56 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.
💰
Value +98% but shares only +19% — price-driven
Last quarter: the total dollar value of institutional holdings rose +98%, but actual share count only changed +19%. 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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Acceleration phase — new buyers rushing in
12 → 6 → 5 → 11 → 25 new funds/Q
New funds entering each quarter: 6 → 5 → 11 → 25. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️
Deep conviction — 61% of holders stayed 2+ years
■ 61% veterans
■ 7% 1-2yr
■ 32% new
Of 59 current holders: 36 (61%) 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.
✅
Strong quality — 23% from major AUM funds
23% from top-100 AUM funds
13 of 56 current holders rank in the top 100 by AUM. A meaningful share of the ownership base comes from the most well-resourced institutions.
Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.