Based on 93 hedge funds · latest filing: 2025 Q4 · updated quarterly
📉
Selling streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds reduced or closed their HYGH positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊
High ownership — 92% of 3.0Y peak
92% of all-time peak
93 funds currently hold this stock — 92% of the 3.0-year high of 101 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀
Fast accumulation — +21% more funds vs a year ago
fund count last 6Q
+16 new funds entered over the past year (+21% 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.
🟡
Slight buying edge — 53% buying
52 buying47 selling
Last quarter: 52 funds bought or added vs 47 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.
⚠️
Fewer new buyers each quarter (-8 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 12 → 23 → 19 → 11. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
📌
Mixed — 34% long-term, 22% new
■ 34% conviction (2yr+)
■ 44% medium
■ 22% new
Of the 93 current holders: 32 (34%) held >2 years, 41 held 1–2 years, and 20 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💎
Buying through price weakness — shares +345%, value +150%
Last quarter: funds added +345% more shares while total portfolio value only changed +150%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️
Steady discovery — ~11 new funds/quarter
20 → 12 → 23 → 19 → 11 new funds/Q
New funds entering each quarter: 12 → 23 → 19 → 11. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️
Deep conviction — 40% of holders stayed 2+ years
■ 40% veterans
■ 22% 1-2yr
■ 39% new
Of 93 current holders: 37 (40%) 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.
🏆
Elite ownership — 69% AUM from top-100 funds
69% from top-100 AUM funds
9 of 93 holders are among the 100 largest funds by AUM, controlling 69% of total institutional value in HYGH. 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 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.