Based on 340 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added IXC 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 — 78% of 3.0Y peak
78% of all-time peak
340 funds currently hold this stock — 78% of the 3.0-year high of 437 funds (reached 2024 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Steady growth — +6% more funds vs a year ago
fund count last 6Q
+20 new funds entered over the past year (+6% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction. The peak was reached in just 3 quarters from the low — a sharp move.
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More buyers than sellers — 60% buying
165 buying111 selling
Last quarter: 165 funds were net buyers (80 opened a brand new position + 85 added to an existing one). Only 111 were sellers (80 trimmed + 31 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+31 vs last Q)
new funds entering per quarter
Funds opening a new IXC position: 18 → 37 → 49 → 80. 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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58% of holders stayed for 2+ years
■ 58% conviction (2yr+)
■ 19% medium
■ 23% new
197 out of 340 hedge funds have held IXC 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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Value +28% but shares only +3% — price-driven
Last quarter: the total dollar value of institutional holdings rose +28%, but actual share count only changed +3%. 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.
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Acceleration phase — new buyers rushing in
40 → 18 → 37 → 49 → 80 new funds/Q
New funds entering each quarter: 18 → 37 → 49 → 80. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
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Veteran-anchored — 63% veterans vs 24% newcomers
■ 63% veterans
■ 13% 1-2yr
■ 24% new
Entry-cohort mix of 343 holders: 216 (63%) are 2+ year veterans, 45 entered 1–2 years ago, and 82 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 69% AUM from top-100 funds
69% from top-100 AUM funds
30 of 340 holders are among the 100 largest funds by AUM, controlling 69% of total institutional value in IXC. 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 2.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.