Based on 267 hedge funds · latest filing: 2025 Q4 · updated quarterly
➡️
No change last quarter
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
📊
High ownership — 94% of 3.0Y peak
94% of all-time peak
267 funds currently hold this stock — 94% of the 3.0-year high of 284 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀
Fast accumulation — +29% more funds vs a year ago
fund count last 6Q
+60 new funds entered over the past year (+29% 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.
🟡
Slight buying edge — 52% buying
155 buying142 selling
Last quarter: 155 funds bought or added vs 142 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️
Steady new buyers — ~52 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 98 → 64 → 48 → 52. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌
Mixed — 33% long-term, 31% new
■ 33% conviction (2yr+)
■ 36% medium
■ 31% new
Of the 267 current holders: 88 (33%) held >2 years, 96 held 1–2 years, and 83 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
📊
Peak discovery — momentum slowing
56 → 98 → 64 → 48 → 52 new funds/Q
New funds entering each quarter: 98 → 64 → 48 → 52. LTH is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️
Deep conviction — 40% of holders stayed 2+ years
■ 40% veterans
■ 15% 1-2yr
■ 45% new
Of 272 current holders: 110 (40%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅
Strong quality — 39% AUM from major funds
39% from top-100 AUM funds
39 of 267 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.