Based on 12 hedge funds · latest filing: 2026 Q1 · updated quarterly
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No change last quarter
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
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Below peak — only 31% of 3.0Y high
31% of all-time peak
Only 12 funds hold IROH today versus a peak of 39 funds at 2024 Q3 — just 31% 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 — 64% fewer funds vs a year ago
fund count last 6Q
21 fewer hedge funds hold IROH compared to a year ago (-64% 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 — 50% buying
1 buying1 selling
Last quarter: 1 funds bought or added vs 1 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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Fewer new buyers each quarter (-8 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 2 → 2 → 9 → 1. 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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Mostly new holders — 17% entered in last year
■ 8% conviction (2yr+)
■ 75% medium
■ 17% new
Only 1 funds (8%) 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.
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Steady discovery — ~1 new funds/quarter
6 → 2 → 2 → 9 → 1 new funds/Q
New funds entering each quarter: 2 → 2 → 9 → 1. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Mixed cohorts — 8% veterans, 33% new entrants
■ 8% veterans
■ 58% 1-2yr
■ 33% new
Of 12 current holders: 1 (8%) held 2+ years, 7 held 1–2 years, 4 (33%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Smaller funds dominant — 11% AUM from top-100
11% from top-100 AUM funds
4 of 12 holders rank in the top 100 by AUM, but together hold only 11% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
Exit risk score 1.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.