Based on 18 hedge funds · latest filing: 2026 Q2 · updated quarterly
📈
Buying streak — 5 quarters in a row
For 5 consecutive quarters, more hedge funds added JHMU 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
18 hedge funds hold JHMU 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 — +100% more funds vs a year ago
fund count last 6Q
+9 new funds entered over the past year (+100% 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 — 75% buying
12 buying4 selling
Last quarter: 12 funds were net buyers (3 opened a brand new position + 9 added to an existing one). Only 4 were sellers (3 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.
➡️
Steady new buyers — ~3 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 4 → 4 → 5 → 3. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌
Mixed — 28% long-term, 39% new
■ 28% conviction (2yr+)
■ 33% medium
■ 39% new
Of the 18 current holders: 5 (28%) held >2 years, 6 held 1–2 years, and 7 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 — ~3 new funds/quarter
3 → 4 → 4 → 5 → 3 new funds/Q
New funds entering each quarter: 4 → 4 → 5 → 3. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🌱
Early stage — 56% of holders entered in last year
■ 28% veterans
■ 17% 1-2yr
■ 56% new
Of 18 current holders: 10 (56%) entered in the past year, only 5 (28%) 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.
🏆
Elite ownership — 79% AUM from top-100 funds
79% from top-100 AUM funds
4 of 18 holders are among the 100 largest funds by AUM, controlling 79% of total institutional value in JHMU. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
5.0
out of 10
Moderate Exit Risk
Exit risk score 5.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.