Based on 7 hedge funds · latest filing: 2026 Q2 · updated quarterly
📉
Selling streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds reduced or closed their LNVGY positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🔻
Below peak — only 64% of 3.0Y high
64% of all-time peak
Only 7 funds hold LNVGY today versus a peak of 11 funds at 2023 Q4 — just 64% 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 — 30% fewer funds vs a year ago
fund count last 6Q
3 fewer hedge funds hold LNVGY compared to a year ago (-30% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟢
More buyers than sellers — 67% buying
6 buying3 selling
Last quarter: 6 funds were net buyers (2 opened a brand new position + 4 added to an existing one). Only 3 were sellers (0 trimmed + 3 sold completely). A clear majority buying is a strong confirmation signal.
➡️
Steady new buyers — ~2 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 1 → 2 → 1 → 2. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒
57% of holders stayed for 2+ years
■ 57% conviction (2yr+)
■ 0% medium
■ 43% new
4 out of 7 hedge funds have held LNVGY 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.
💰
Price up while funds trimmed (-14% value, -33% shares)
Last quarter: total value of institutional LNVGY holdings rose -14% even though funds reduced share count by 33%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
➡️
Steady discovery — ~2 new funds/quarter
1 → 1 → 2 → 1 → 2 new funds/Q
New funds entering each quarter: 1 → 2 → 1 → 2. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️
Veteran-anchored — 57% veterans vs 43% newcomers
■ 57% veterans
■ 0% 1-2yr
■ 43% new
Entry-cohort mix of 7 holders: 4 (57%) are 2+ year veterans, 0 entered 1–2 years ago, and 3 (43%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆
Elite ownership — 85% AUM from top-100 funds
85% from top-100 AUM funds
2 of 7 holders are among the 100 largest funds by AUM, controlling 85% of total institutional value in LNVGY. 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 2.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.