Based on 252 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 11 quarters in a row
For 11 consecutive quarters, more hedge funds added IHG 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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At the ownership peak (100% of max)
100% of all-time peak
252 hedge funds hold IHG 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 classic 'crowded trade' — high popularity doesn't equal safety.
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Steady growth — +17% more funds vs a year ago
fund count last 6Q
+37 new funds entered over the past year (+17% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
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More buyers than sellers — 62% buying
152 buying95 selling
Last quarter: 152 funds were net buyers (53 opened a brand new position + 99 added to an existing one). Only 95 were sellers (64 trimmed + 31 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+18 vs last Q)
new funds entering per quarter
Funds opening a new IHG position: 36 → 39 → 35 → 53. 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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46% of holders stayed for 2+ years
■ 46% conviction (2yr+)
■ 27% medium
■ 27% new
117 out of 252 hedge funds have held IHG 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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Value +21% but shares only +5% — price-driven
Last quarter: the total dollar value of institutional holdings rose +21%, but actual share count only changed +5%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
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Growing discovery — still being found
39 → 36 → 39 → 35 → 53 new funds/Q
New funds entering each quarter: 36 → 39 → 35 → 53. A growing number of institutions are discovering IHG each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Deep conviction — 52% of holders stayed 2+ years
■ 52% veterans
■ 14% 1-2yr
■ 34% new
Of 252 current holders: 130 (52%) 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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Elite ownership — 70% AUM from top-100 funds
70% from top-100 AUM funds
27 of 252 holders are among the 100 largest funds by AUM, controlling 70% of total institutional value in IHG. 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 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.