Based on 15 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added KVAC 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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Below peak — only 38% of 3.0Y high
38% of all-time peak
Only 15 funds hold KVAC today versus a peak of 39 funds at 2023 Q4 — just 38% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
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Outflows — 21% fewer funds vs a year ago
fund count last 6Q
4 fewer hedge funds hold KVAC compared to a year ago (-21% 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 — 50% buying
4 buying4 selling
Last quarter: 4 funds bought or added vs 4 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 — ~2 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 3 → 0 → 3 → 2. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Mixed — 27% long-term, 27% new
■ 27% conviction (2yr+)
■ 47% medium
■ 27% new
Of the 15 current holders: 4 (27%) held >2 years, 7 held 1–2 years, and 4 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.
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Steady discovery — ~2 new funds/quarter
2 → 3 → 0 → 3 → 2 new funds/Q
New funds entering each quarter: 3 → 0 → 3 → 2. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Mixed cohorts — 27% veterans, 40% new entrants
■ 27% veterans
■ 33% 1-2yr
■ 40% new
Of 15 current holders: 4 (27%) held 2+ years, 5 held 1–2 years, 6 (40%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Smaller funds dominant — 1% AUM from top-100
1% from top-100 AUM funds
3 of 14 holders rank in the top 100 by AUM, but together hold only 1% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
Exit risk score 1.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.