Based on 382 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added KNF 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 — 90% of 3.0Y peak
90% of all-time peak
382 funds currently hold this stock — 90% of the 3.0-year high of 423 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 10% fewer funds vs a year ago
fund count last 6Q
41 fewer hedge funds hold KNF compared to a year ago (-10% 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 — 53% buying
179 buying159 selling
Last quarter: 179 funds bought or added vs 159 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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Steady new buyers — ~55 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 48 → 41 → 60 → 55. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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56% of holders stayed for 2+ years
■ 56% conviction (2yr+)
■ 23% medium
■ 21% new
214 out of 382 hedge funds have held KNF for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
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Growing discovery — still being found
64 → 48 → 41 → 60 → 55 new funds/Q
New funds entering each quarter: 48 → 41 → 60 → 55. A growing number of institutions are discovering KNF each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Veteran-anchored — 56% veterans vs 26% newcomers
■ 56% veterans
■ 18% 1-2yr
■ 26% new
Entry-cohort mix of 387 holders: 215 (56%) are 2+ year veterans, 70 entered 1–2 years ago, and 102 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 49% AUM from top-100 funds
49% from top-100 AUM funds
55 of 382 holders are among the 100 largest funds by AUM, controlling 49% of total institutional value in KNF. 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 3.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.