Based on 243 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added LBTYK 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 — 91% of 3.0Y peak
91% of all-time peak
243 funds currently hold this stock — 91% of the 3.0-year high of 267 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 9% fewer funds vs a year ago
fund count last 6Q
24 fewer hedge funds hold LBTYK compared to a year ago (-9% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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More sellers than buyers — 48% buying
106 buying113 selling
Last quarter: 113 funds reduced or exited vs 106 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
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More new buyers each quarter (+11 vs last Q)
new funds entering per quarter
Funds opening a new LBTYK position: 38 → 24 → 27 → 38. 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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43% of holders stayed for 2+ years
■ 43% conviction (2yr+)
■ 38% medium
■ 19% new
105 out of 243 hedge funds have held LBTYK 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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Steady discovery — ~38 new funds/quarter
55 → 38 → 24 → 27 → 38 new funds/Q
New funds entering each quarter: 38 → 24 → 27 → 38. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Mixed cohorts — 4% veterans, 26% new entrants
■ 4% veterans
■ 70% 1-2yr
■ 26% new
Of 243 current holders: 10 (4%) held 2+ years, 170 held 1–2 years, 63 (26%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Strong quality — 35% AUM from major funds
35% from top-100 AUM funds
36 of 243 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
Exit risk score 3.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.