Based on 93 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 3 quarters in a row
For 3 consecutive quarters, more hedge funds added this stock 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 trade.
🏔️
At the ownership peak (100% of max)
100% of all-time peak
93 hedge funds hold this stock 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 'crowded trade' — high ownership doesn't mean safe.
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Fast accumulation — +9200% more funds vs a year ago
fund count last 6Q
+92 new funds entered over the past year (+9200% 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 — 80% buying
69 buying17 selling
Last quarter: 69 funds were net buyers (33 opened a brand new position + 36 added to an existing one). Only 17 were sellers (12 trimmed + 5 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+26 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 0 → 60 → 7 → 33. A growing number of new institutional buyers means the stock is still being discovered — the opportunity hasn't been fully priced in.
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Mostly new holders — 91% entered in last year
■ 3% conviction (2yr+)
■ 5% medium
■ 91% new
Only 3 funds (3%) 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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Value +167% but shares only +49% — price-driven
Last quarter: the total dollar value of institutional holdings rose +167%, but actual share count only changed +49%. 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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Peak discovery — momentum slowing
1 → 0 → 60 → 7 → 33 new funds/Q
New funds entering each quarter: 0 → 60 → 7 → 33. The stock is well-known in the hedge fund world but new entries are declining. The easy phase of institutional discovery may be behind us.
🌱
Early stage — 91% of holders entered in last year
■ 9% veterans
■ 0% 1-2yr
■ 91% new
Of 94 current holders: 86 (91%) entered in the past year, only 8 (9%) 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.
✅
Strong quality — 23% from major AUM funds
23% from top-100 AUM funds
21 of 93 current holders rank in the top 100 by AUM. A meaningful share of the ownership base comes from the most well-resourced institutions.
Exit risk score 7.3/10 — multiple crowding signals converge. Institutional ownership is at 100% of its all-time high. Crowded trades can unwind fast — a single catalyst can trigger a cascade.