Based on 251 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added LINE 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
251 hedge funds hold LINE 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 — +34% more funds vs a year ago
fund count last 6Q
+63 new funds entered over the past year (+34% 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 — 62% buying
161 buying100 selling
Last quarter: 161 funds were net buyers (61 opened a brand new position + 100 added to an existing one). Only 100 were sellers (69 trimmed + 31 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+12 vs last Q)
new funds entering per quarter
Funds opening a new LINE position: 63 → 31 → 49 → 61. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔄
Mostly new holders — 37% entered in last year
■ 4% conviction (2yr+)
■ 59% medium
■ 37% new
Only 11 funds (4%) 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
49 → 63 → 31 → 49 → 61 new funds/Q
New funds entering each quarter: 63 → 31 → 49 → 61. A growing number of institutions are discovering LINE each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱
Early stage — 55% of holders entered in last year
■ 4% veterans
■ 41% 1-2yr
■ 55% new
Of 259 current holders: 143 (55%) entered in the past year, only 11 (4%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
🏆
Elite ownership — 55% AUM from top-100 funds
55% from top-100 AUM funds
36 of 251 holders are among the 100 largest funds by AUM, controlling 55% of total institutional value in LINE. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.