Based on 163 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 this position than added to it. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams deciding to exit.
📊
High ownership — 74% of 3.0Y peak
74% of all-time peak
163 funds currently hold this stock — 74% of the 3.0-year high of 219 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶
Steady growth — +5% more funds vs a year ago
fund count last 6Q
+8 new funds entered over the past year (+5% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢
More buyers than sellers — 65% buying
111 buying59 selling
Last quarter: 111 funds were net buyers (17 opened a brand new position + 94 added to an existing one). Only 59 were sellers (41 trimmed + 18 sold completely). A clear majority buying is a strong confirmation signal.
➡️
Steady new buyers — ~17 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 9 → 30 → 19 → 17. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌
Mixed — 34% long-term, 18% new
■ 34% conviction (2yr+)
■ 48% medium
■ 18% new
Of the 163 current holders: 56 (34%) held >2 years, 78 held 1–2 years, and 29 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.
➡️
Steady discovery — ~17 new funds/quarter
23 → 9 → 30 → 19 → 17 new funds/Q
New funds entering each quarter: 9 → 30 → 19 → 17. Consistent flow of new institutional buyers without clear acceleration or slowdown.
📊
Mixed cohorts — 25% veterans, 24% new entrants
■ 25% veterans
■ 52% 1-2yr
■ 24% new
Of 163 current holders: 40 (25%) held 2+ years, 84 held 1–2 years, 39 (24%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
📋
Smaller funds dominant — 8% top-100 AUM
8% from top-100 AUM funds
Only 13 of 163 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 2.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.