Based on 489 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Selling streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds reduced or closed this position than added to it. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams deciding to exit.
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High ownership — 91% of 3.0Y peak
91% of all-time peak
489 funds currently hold this stock — 91% of the 3.0-year high of 537 funds (reached 2024 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 5% fewer funds vs a year ago
fund count last 6Q
28 fewer hedge funds hold this stock compared to a year ago (-5% decline). When institutions consistently reduce exposure, it's worth asking what they know that retail investors don't.
🟠
More sellers than buyers — 46% buying
232 buying275 selling
Last quarter: 275 funds reduced or exited vs 232 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 (+12 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 57 → 65 → 65 → 77. A growing number of new institutional buyers means the stock is still being discovered — the opportunity hasn't been fully priced in.
🔒
73% of holders stayed for 2+ years
■ 73% conviction (2yr+)
■ 14% medium
■ 13% new
356 out of 489 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.
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Growing discovery — still being found
53 → 57 → 65 → 65 → 77 new funds/Q
New funds entering each quarter: 57 → 65 → 65 → 77. A growing number of institutions are discovering this stock each quarter. The idea is still spreading — there is room for more buyers to enter.
🏛️
Deep conviction — 76% of holders stayed 2+ years
■ 76% veterans
■ 10% 1-2yr
■ 14% new
Of 496 current holders: 379 (76%) 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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Smaller funds dominant — 8% top-100 AUM
8% from top-100 AUM funds
Only 40 of 489 current holders rank in the top 100 by AUM. The stock is held mostly by smaller and mid-sized funds — the largest institutional players haven't yet built significant positions.
Exit risk score 3.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.