Based on 76 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added IMTX 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 — 84% of 3.0Y peak
84% of all-time peak
76 funds currently hold this stock — 84% of the 3.0-year high of 90 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 — 10% fewer funds vs a year ago
fund count last 6Q
8 fewer hedge funds hold IMTX compared to a year ago (-10% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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More buyers than sellers — 61% buying
49 buying31 selling
Last quarter: 49 funds were net buyers (21 opened a brand new position + 28 added to an existing one). Only 31 were sellers (22 trimmed + 9 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+11 vs last Q)
new funds entering per quarter
Funds opening a new IMTX position: 15 → 15 → 10 → 21. 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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54% of holders stayed for 2+ years
■ 54% conviction (2yr+)
■ 24% medium
■ 22% new
41 out of 76 hedge funds have held IMTX 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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Price up while funds trimmed (+15% value, -7% shares)
Last quarter: total value of institutional IMTX holdings rose +15% even though funds reduced share count by 7%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
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Steady discovery — ~21 new funds/quarter
15 → 15 → 15 → 10 → 21 new funds/Q
New funds entering each quarter: 15 → 15 → 10 → 21. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Deep conviction — 58% of holders stayed 2+ years
■ 58% veterans
■ 18% 1-2yr
■ 24% new
Of 79 current holders: 46 (58%) 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 — 12% AUM from top-100
12% from top-100 AUM funds
12 of 76 holders rank in the top 100 by AUM, but together hold only 12% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
Exit risk score 2.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.