Based on 265 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added IPGP 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 — 91% of 3.0Y peak
91% of all-time peak
265 funds currently hold this stock — 91% of the 3.0-year high of 292 funds (reached 2023 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Stable — ownership unchanged year-over-year
fund count last 6Q
The number of hedge funds holding IPGP is almost the same as a year ago (+7 funds, +3% change). No significant rush to buy or sell — institutional backing is holding steady.
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Slight buying edge — 51% buying
132 buying129 selling
Last quarter: 132 funds bought or added vs 129 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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Steady new buyers — ~46 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 38 → 34 → 43 → 46. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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71% of holders stayed for 2+ years
■ 71% conviction (2yr+)
■ 15% medium
■ 14% new
188 out of 265 hedge funds have held IPGP 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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Growing discovery — still being found
38 → 38 → 34 → 43 → 46 new funds/Q
New funds entering each quarter: 38 → 34 → 43 → 46. A growing number of institutions are discovering IPGP each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Deep conviction — 76% of holders stayed 2+ years
■ 76% veterans
■ 7% 1-2yr
■ 16% new
Of 268 current holders: 205 (76%) 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 — 40% AUM from top-100 funds
40% from top-100 AUM funds
36 of 265 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in IPGP. 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 3.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.