Based on 639 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 3 quarters in a row
For 3 consecutive quarters, more hedge funds added IONQ 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.
🏔️
At the ownership peak (100% of max)
100% of all-time peak
639 hedge funds hold IONQ 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.
🚀
Fast accumulation — +71% more funds vs a year ago
fund count last 6Q
+265 new funds entered over the past year (+71% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢
More buyers than sellers — 64% buying
455 buying259 selling
Last quarter: 455 funds were net buyers (163 opened a brand new position + 292 added to an existing one). Only 259 were sellers (148 trimmed + 111 sold completely). A clear majority buying is a strong confirmation signal.
➡️
Steady new buyers — ~163 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 83 → 159 → 166 → 163. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄
Mostly new holders — 46% entered in last year
■ 23% conviction (2yr+)
■ 32% medium
■ 46% new
Only 144 funds (23%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
💎
Buying through price weakness — shares +7%, value -18%
Last quarter: funds added +7% more shares while total portfolio value only changed -18%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈
Growing discovery — still being found
172 → 83 → 159 → 166 → 163 new funds/Q
New funds entering each quarter: 83 → 159 → 166 → 163. A growing number of institutions are discovering IONQ each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱
Early stage — 60% of holders entered in last year
■ 30% veterans
■ 11% 1-2yr
■ 60% new
Of 688 current holders: 411 (60%) entered in the past year, only 203 (30%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
🏆
Elite ownership — 51% AUM from top-100 funds
51% from top-100 AUM funds
43 of 639 holders are among the 100 largest funds by AUM, controlling 51% of total institutional value in IONQ. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
5.2
out of 10
Moderate Exit Risk
Exit risk score 5.2/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.