Based on 61 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added JANW 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 — 86% of 3.0Y peak
86% of all-time peak
61 funds currently hold this stock — 86% of the 3.0-year high of 71 funds (reached 2025 Q2). 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 JANW is almost the same as a year ago (-1 funds, -2% change). No significant rush to buy or sell — institutional backing is holding steady.
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More sellers than buyers — 45% buying
28 buying34 selling
Last quarter: 34 funds reduced or exited vs 28 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
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Steady new buyers — ~11 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 8 → 11 → 6 → 11. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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44% of holders stayed for 2+ years
■ 44% conviction (2yr+)
■ 33% medium
■ 23% new
27 out of 61 hedge funds have held JANW 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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Steady discovery — ~11 new funds/quarter
19 → 8 → 11 → 6 → 11 new funds/Q
New funds entering each quarter: 8 → 11 → 6 → 11. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Mixed cohorts — 36% veterans, 34% new entrants
■ 36% veterans
■ 30% 1-2yr
■ 34% new
Of 61 current holders: 22 (36%) held 2+ years, 18 held 1–2 years, 21 (34%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Smaller funds dominant — 5% AUM from top-100
5% from top-100 AUM funds
3 of 61 holders rank in the top 100 by AUM, but together hold only 5% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
Exit risk score 3.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.