Based on 180 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added MAGN 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 — 87% of 3.0Y peak
87% of all-time peak
180 funds currently hold this stock — 87% of the 3.0-year high of 207 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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Outflows — 13% fewer funds vs a year ago
fund count last 6Q
27 fewer hedge funds hold MAGN compared to a year ago (-13% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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Slight buying edge — 51% buying
100 buying98 selling
Last quarter: 100 funds bought or added vs 98 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.
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More new buyers each quarter (+24 vs last Q)
new funds entering per quarter
Funds opening a new MAGN position: 29 → 32 → 21 → 45. 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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Mostly new holders — 39% entered in last year
■ 4% conviction (2yr+)
■ 57% medium
■ 39% new
Only 7 funds (4%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
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Steady discovery — ~45 new funds/quarter
205 → 29 → 32 → 21 → 45 new funds/Q
New funds entering each quarter: 29 → 32 → 21 → 45. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Early stage — 96% of holders entered in last year
■ 3% veterans
■ 1% 1-2yr
■ 96% new
Of 183 current holders: 176 (96%) entered in the past year, only 6 (3%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
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Elite ownership — 99% AUM from top-100 funds
99% from top-100 AUM funds
27 of 180 holders are among the 100 largest funds by AUM, controlling 99% of total institutional value in MAGN. 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 3.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.