Based on 179 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.
🏔️
At the ownership peak (98% of max)
98% of all-time peak
179 hedge funds hold this stock right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a 'crowded trade' — high ownership doesn't mean safe.
📶
Steady growth — +9% more funds vs a year ago
fund count last 6Q
+15 new funds entered over the past year (+9% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡
Slight buying edge — 53% buying
101 buying88 selling
Last quarter: 101 funds bought or added vs 88 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.
📈
More new buyers each quarter (+6 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 21 → 29 → 19 → 25. A growing number of new institutional buyers means the stock is still being discovered — the opportunity hasn't been fully priced in.
🔒
55% of holders stayed for 2+ years
■ 55% conviction (2yr+)
■ 25% medium
■ 20% new
99 out of 179 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.
➡️
Steady discovery — ~25 new funds/quarter
18 → 21 → 29 → 19 → 25 new funds/Q
New funds entering each quarter: 21 → 29 → 19 → 25. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️
Deep conviction — 56% of holders stayed 2+ years
■ 56% veterans
■ 18% 1-2yr
■ 26% new
Of 179 current holders: 100 (56%) 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.
📋
Smaller funds dominant — 8% top-100 AUM
8% from top-100 AUM funds
Only 15 of 179 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 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.