Based on 94 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 LWAY 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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At the ownership peak (96% of max)
96% of all-time peak
94 hedge funds hold LWAY 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.
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Steady growth — +11% more funds vs a year ago
fund count last 6Q
+9 new funds entered over the past year (+11% 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 — 72% buying
67 buying26 selling
Last quarter: 67 funds were net buyers (30 opened a brand new position + 37 added to an existing one). Only 26 were sellers (12 trimmed + 14 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+20 vs last Q)
new funds entering per quarter
Funds opening a new LWAY position: 27 → 17 → 10 → 30. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
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40% of holders stayed for 2+ years
■ 40% conviction (2yr+)
■ 26% medium
■ 34% new
38 out of 94 hedge funds have held LWAY 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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Value +149% but shares only +62% — price-driven
Last quarter: the total dollar value of institutional holdings rose +149%, but actual share count only changed +62%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
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Steady discovery — ~30 new funds/quarter
11 → 27 → 17 → 10 → 30 new funds/Q
New funds entering each quarter: 27 → 17 → 10 → 30. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 46% veterans vs 40% newcomers
■ 46% veterans
■ 14% 1-2yr
■ 40% new
Entry-cohort mix of 94 holders: 43 (46%) are 2+ year veterans, 13 entered 1–2 years ago, and 38 (40%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 40% AUM from top-100 funds
40% from top-100 AUM funds
32 of 94 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in LWAY. 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 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.