Based on 73 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added IDRV 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 — 77% of 3.0Y peak
77% of all-time peak
73 funds currently hold this stock — 77% of the 3.0-year high of 95 funds (reached 2023 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 4% fewer funds vs a year ago
fund count last 6Q
3 fewer hedge funds hold IDRV compared to a year ago (-4% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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More sellers than buyers — 46% buying
29 buying34 selling
Last quarter: 34 funds reduced or exited vs 29 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 (+6 vs last Q)
new funds entering per quarter
Funds opening a new IDRV position: 7 → 6 → 8 → 14. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
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74% of holders stayed for 2+ years
■ 74% conviction (2yr+)
■ 5% medium
■ 21% new
54 out of 73 hedge funds have held IDRV 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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Growing discovery — still being found
13 → 7 → 6 → 8 → 14 new funds/Q
New funds entering each quarter: 7 → 6 → 8 → 14. A growing number of institutions are discovering IDRV each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Veteran-anchored — 68% veterans vs 23% newcomers
■ 68% veterans
■ 8% 1-2yr
■ 23% new
Entry-cohort mix of 73 holders: 50 (68%) are 2+ year veterans, 6 entered 1–2 years ago, and 17 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 64% AUM from top-100 funds
64% from top-100 AUM funds
17 of 72 holders are among the 100 largest funds by AUM, controlling 64% of total institutional value in IDRV. 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.