Based on 161 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added JMEE 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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At the ownership peak (100% of max)
100% of all-time peak
161 hedge funds hold JMEE 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.
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Steady growth — +16% more funds vs a year ago
fund count last 6Q
+22 new funds entered over the past year (+16% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
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More buyers than sellers — 66% buying
106 buying54 selling
Last quarter: 106 funds were net buyers (31 opened a brand new position + 75 added to an existing one). Only 54 were sellers (40 trimmed + 14 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+13 vs last Q)
new funds entering per quarter
Funds opening a new JMEE position: 25 → 18 → 18 → 31. 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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Mostly new holders — 25% entered in last year
■ 24% conviction (2yr+)
■ 51% medium
■ 25% new
Only 39 funds (24%) 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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Growing discovery — still being found
41 → 25 → 18 → 18 → 31 new funds/Q
New funds entering each quarter: 25 → 18 → 18 → 31. A growing number of institutions are discovering JMEE each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Mixed cohorts — 25% veterans, 47% new entrants
■ 25% veterans
■ 28% 1-2yr
■ 47% new
Of 161 current holders: 41 (25%) held 2+ years, 45 held 1–2 years, 75 (47%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Elite ownership — 56% AUM from top-100 funds
56% from top-100 AUM funds
14 of 161 holders are among the 100 largest funds by AUM, controlling 56% of total institutional value in JMEE. 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 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.