Based on 3 hedge funds · latest filing: 2025 Q4 · updated quarterly
📉
Selling streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds reduced or closed their MOB 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 12% of 3.0Y high
12% of all-time peak
Only 3 funds hold MOB today versus a peak of 26 funds at 2025 Q3 — just 12% 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.
📉
Outflows — 70% fewer funds vs a year ago
fund count last 6Q
7 fewer hedge funds hold MOB compared to a year ago (-70% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🔴
Heavy selling pressure — only 8% buying
2 buying24 selling
Last quarter: 24 funds sold vs only 2 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️
Fewer new buyers each quarter (-15 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 5 → 6 → 16 → 1. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
📌
Mixed — 33% long-term, 67% new
■ 33% conviction (2yr+)
■ 0% medium
■ 67% new
Of the 3 current holders: 1 (33%) held >2 years, 0 held 1–2 years, and 2 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.
➡️
Steady discovery — ~1 new funds/quarter
6 → 5 → 6 → 16 → 1 new funds/Q
New funds entering each quarter: 5 → 6 → 16 → 1. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🌱
Early stage — 67% of holders entered in last year
■ 33% veterans
■ 0% 1-2yr
■ 67% new
Of 3 current holders: 2 (67%) entered in the past year, only 1 (33%) 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.
📋
Smaller funds dominant — 0% AUM from top-100
0% from top-100 AUM funds
0 of 3 holders rank in the top 100 by AUM, but together hold only 0% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.3
out of 10
Moderate Exit Risk
Exit risk score 4.3/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.