Based on 285 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 3 quarters in a row
For 3 consecutive quarters, more hedge funds added LIT 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 — 76% of 3.0Y peak
76% of all-time peak
285 funds currently hold this stock — 76% of the 3.0-year high of 376 funds (reached 2023 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Steady growth — +18% more funds vs a year ago
fund count last 6Q
+44 new funds entered over the past year (+18% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
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More sellers than buyers — 49% buying
118 buying121 selling
Last quarter: 121 funds reduced or exited vs 118 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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Fewer new buyers each quarter (-20 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 23 → 52 → 66 → 46. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
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59% of holders stayed for 2+ years
■ 59% conviction (2yr+)
■ 17% medium
■ 24% new
168 out of 285 hedge funds have held LIT 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
28 → 23 → 52 → 66 → 46 new funds/Q
New funds entering each quarter: 23 → 52 → 66 → 46. A growing number of institutions are discovering LIT each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Veteran-anchored — 65% veterans vs 25% newcomers
■ 65% veterans
■ 10% 1-2yr
■ 25% new
Entry-cohort mix of 293 holders: 190 (65%) are 2+ year veterans, 30 entered 1–2 years ago, and 73 (25%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 60% AUM from top-100 funds
60% from top-100 AUM funds
22 of 280 holders are among the 100 largest funds by AUM, controlling 60% of total institutional value in LIT. 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 2.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.