Based on 795 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, 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
795 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 — +62% more funds vs a year ago
fund count last 6Q
+305 new funds entered over the past year (+62% 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 — 68% buying
566 buying265 selling
Last quarter: 566 funds were net buyers (244 opened a brand new position + 322 added to an existing one). Only 265 were sellers (175 trimmed + 90 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+141 vs last Q)
new funds entering per quarter
Funds opening a new IONQ position: 173 → 175 → 103 → 244. 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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Mostly new holders — 44% entered in last year
■ 22% conviction (2yr+)
■ 34% medium
■ 44% new
Only 174 funds (22%) 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.
💰
Value +100% but shares only +17% — price-driven
Last quarter: the total dollar value of institutional holdings rose +100%, but actual share count only changed +17%. 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.
➡️
Steady discovery — ~244 new funds/quarter
165 → 173 → 175 → 103 → 244 new funds/Q
New funds entering each quarter: 173 → 175 → 103 → 244. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Mixed cohorts — 28% veterans, 52% new entrants
■ 28% veterans
■ 20% 1-2yr
■ 52% new
Of 852 current holders: 238 (28%) held 2+ years, 172 held 1–2 years, 442 (52%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Elite ownership — 58% AUM from top-100 funds
58% from top-100 AUM funds
66 of 774 holders are among the 100 largest funds by AUM, controlling 58% 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.
4.5
out of 10
Moderate Exit Risk
Exit risk score 4.5/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.