Based on 324 hedge funds · latest filing: 2026 Q1 · updated quarterly
📈
Buying streak — 11 quarters in a row
For 11 consecutive quarters, more hedge funds added KGS 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
324 hedge funds hold KGS 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 — +46% more funds vs a year ago
fund count last 6Q
+102 new funds entered over the past year (+46% 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 — 64% buying
220 buying124 selling
Last quarter: 220 funds were net buyers (94 opened a brand new position + 126 added to an existing one). Only 124 were sellers (77 trimmed + 47 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+30 vs last Q)
new funds entering per quarter
Funds opening a new KGS position: 52 → 52 → 64 → 94. 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 — 42% entered in last year
■ 23% conviction (2yr+)
■ 35% medium
■ 42% new
Only 74 funds (23%) 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.
💰
Price up while funds trimmed (+51% value, -2% shares)
Last quarter: total value of institutional KGS holdings rose +51% even though funds reduced share count by 2%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
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Acceleration phase — new buyers rushing in
53 → 52 → 52 → 64 → 94 new funds/Q
New funds entering each quarter: 52 → 52 → 64 → 94. 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.
📊
Mixed cohorts — 26% veterans, 48% new entrants
■ 26% veterans
■ 26% 1-2yr
■ 48% new
Of 334 current holders: 86 (26%) held 2+ years, 88 held 1–2 years, 160 (48%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Elite ownership — 48% AUM from top-100 funds
48% from top-100 AUM funds
49 of 322 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in KGS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.6
out of 10
Moderate Exit Risk
Exit risk score 4.6/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.