Based on 46 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 LPTX 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 — 81% of 3.0Y peak
81% of all-time peak
46 funds currently hold this stock — 81% of the 3.0-year high of 57 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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Steady growth — +12% more funds vs a year ago
fund count last 6Q
+5 new funds entered over the past year (+12% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
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More buyers than sellers — 70% buying
32 buying14 selling
Last quarter: 32 funds were net buyers (13 opened a brand new position + 19 added to an existing one). Only 14 were sellers (8 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.
➡️
Steady new buyers — ~13 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 2 → 13 → 11 → 13. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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52% of holders stayed for 2+ years
■ 52% conviction (2yr+)
■ 15% medium
■ 33% new
24 out of 46 hedge funds have held LPTX 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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Buying through price weakness — shares +90%, value +38%
Last quarter: funds added +90% more shares while total portfolio value only changed +38%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
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Growing discovery — still being found
7 → 2 → 13 → 11 → 13 new funds/Q
New funds entering each quarter: 2 → 13 → 11 → 13. A growing number of institutions are discovering LPTX each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Veteran-anchored — 62% veterans vs 23% newcomers
■ 62% veterans
■ 15% 1-2yr
■ 23% new
Entry-cohort mix of 53 holders: 33 (62%) are 2+ year veterans, 8 entered 1–2 years ago, and 12 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 48% AUM from top-100 funds
48% from top-100 AUM funds
14 of 46 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in LPTX. 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 3.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.