Based on 83 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 3 quarters in a row
For 3 consecutive quarters, more hedge funds added ISHG 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
83 hedge funds hold ISHG 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 — +219% more funds vs a year ago
fund count last 6Q
+57 new funds entered over the past year (+219% 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 — 65% buying
49 buying26 selling
Last quarter: 49 funds were net buyers (16 opened a brand new position + 33 added to an existing one). Only 26 were sellers (20 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.
⚠️
Fewer new buyers each quarter (-7 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 8 → 36 → 23 → 16. 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.
📌
Mixed — 25% long-term, 64% new
■ 25% conviction (2yr+)
■ 11% medium
■ 64% new
Of the 83 current holders: 21 (25%) held >2 years, 9 held 1–2 years, and 53 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
➡️
Steady discovery — ~16 new funds/quarter
8 → 8 → 36 → 23 → 16 new funds/Q
New funds entering each quarter: 8 → 36 → 23 → 16. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🌱
Early stage — 69% of holders entered in last year
■ 30% veterans
■ 1% 1-2yr
■ 69% new
Of 83 current holders: 57 (69%) entered in the past year, only 25 (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.
📋
Smaller funds dominant — 15% AUM from top-100
15% from top-100 AUM funds
8 of 83 holders rank in the top 100 by AUM, but together hold only 15% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
6.6
out of 10
Moderate Exit Risk
Exit risk score 6.6/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.