Based on 167 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 JANX 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 — 83% of 3.0Y peak
83% of all-time peak
167 funds currently hold this stock — 83% of the 3.0-year high of 202 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 17% fewer funds vs a year ago
fund count last 6Q
35 fewer hedge funds hold JANX compared to a year ago (-17% 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 — 58% buying
115 buying82 selling
Last quarter: 115 funds bought or added vs 82 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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More new buyers each quarter (+26 vs last Q)
new funds entering per quarter
Funds opening a new JANX position: 21 → 13 → 20 → 46. 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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Mixed — 35% long-term, 29% new
■ 35% conviction (2yr+)
■ 36% medium
■ 29% new
Of the 167 current holders: 59 (35%) held >2 years, 60 held 1–2 years, and 48 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.
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Buying through price weakness — shares -4%, value -45%
Last quarter: funds added -4% more shares while total portfolio value only changed -45%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
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Acceleration phase — new buyers rushing in
70 → 21 → 13 → 20 → 46 new funds/Q
New funds entering each quarter: 21 → 13 → 20 → 46. 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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Mixed cohorts — 37% veterans, 36% new entrants
■ 37% veterans
■ 27% 1-2yr
■ 36% new
Of 179 current holders: 67 (37%) held 2+ years, 48 held 1–2 years, 64 (36%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Strong quality — 38% AUM from major funds
38% from top-100 AUM funds
31 of 167 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
Exit risk score 2.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.