Based on 22 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Selling streak — 6 quarters in a row
For 6 consecutive quarters, more hedge funds reduced or closed their IRBT positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
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Below peak — only 11% of 3.0Y high
11% of all-time peak
Only 22 funds hold IRBT today versus a peak of 205 funds at 2023 Q4 — just 11% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
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Outflows — 86% fewer funds vs a year ago
fund count last 6Q
137 fewer hedge funds hold IRBT compared to a year ago (-86% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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Heavy selling pressure — only 10% buying
13 buying116 selling
Last quarter: 116 funds sold vs only 13 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️
Fewer new buyers each quarter (-8 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 20 → 25 → 18 → 10. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
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45% of holders stayed for 2+ years
■ 45% conviction (2yr+)
■ 18% medium
■ 36% new
10 out of 22 hedge funds have held IRBT 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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Peak discovery — momentum slowing
26 → 20 → 25 → 18 → 10 new funds/Q
New funds entering each quarter: 20 → 25 → 18 → 10. IRBT is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️
Deep conviction — 54% of holders stayed 2+ years
■ 54% veterans
■ 4% 1-2yr
■ 42% new
Of 24 current holders: 13 (54%) 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 — 14% AUM from top-100
14% from top-100 AUM funds
2 of 22 holders rank in the top 100 by AUM, but together hold only 14% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
Exit risk score 2.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.