Based on 83 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Buying streak — 3 quarters in a row
For 3 consecutive quarters, more hedge funds added INMB 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 (95% of max)
95% of all-time peak
83 hedge funds hold INMB 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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Outflows — 5% fewer funds vs a year ago
fund count last 6Q
4 fewer hedge funds hold INMB compared to a year ago (-5% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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Slight buying edge — 54% buying
51 buying43 selling
Last quarter: 51 funds bought or added vs 43 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.
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More new buyers each quarter (+6 vs last Q)
new funds entering per quarter
Funds opening a new INMB position: 15 → 13 → 18 → 24. 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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Mixed — 35% long-term, 35% new
■ 35% conviction (2yr+)
■ 30% medium
■ 35% new
Of the 83 current holders: 29 (35%) held >2 years, 25 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.
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Price up while funds trimmed (+10% value, -18% shares)
Last quarter: total value of institutional INMB holdings rose +10% even though funds reduced share count by 18%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
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Growing discovery — still being found
27 → 15 → 13 → 18 → 24 new funds/Q
New funds entering each quarter: 15 → 13 → 18 → 24. A growing number of institutions are discovering INMB each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Veteran-anchored — 49% veterans vs 38% newcomers
■ 49% veterans
■ 13% 1-2yr
■ 38% new
Entry-cohort mix of 86 holders: 42 (49%) are 2+ year veterans, 11 entered 1–2 years ago, and 33 (38%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 48% AUM from top-100 funds
48% from top-100 AUM funds
25 of 83 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in INMB. 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 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.