Based on 21 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 this stock 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 trade.
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High ownership — 84% of 2.5Y peak
84% of all-time peak
21 funds currently hold this stock — 84% of the 2.5-year high of 25 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 5% fewer funds vs a year ago
fund count last 6Q
1 fewer hedge funds hold this stock compared to a year ago (-5% decline). When institutions consistently reduce exposure, it's worth asking what they know that retail investors don't.
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More buyers than sellers — 74% buying
14 buying5 selling
Last quarter: 14 funds were net buyers (7 opened a brand new position + 7 added to an existing one). Only 5 were sellers (1 trimmed + 4 sold completely). A clear majority buying is a strong confirmation signal.
➡️
Steady new buyers — ~7 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 3 → 2 → 5 → 7. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Mostly new holders — 33% entered in last year
■ 5% conviction (2yr+)
■ 62% medium
■ 33% new
Only 1 funds (5%) 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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Buying through price weakness — shares -33%, value -67%
Last quarter: funds added -33% more shares while total portfolio value only changed -67%. 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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Steady discovery — ~7 new funds/quarter
4 → 3 → 2 → 5 → 7 new funds/Q
New funds entering each quarter: 3 → 2 → 5 → 7. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Mixed cohorts — 5% veterans, 33% new entrants
■ 5% veterans
■ 62% 1-2yr
■ 33% new
Of 21 current holders: 1 (5%) held 2+ years, 13 held 1–2 years, 7 (33%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅
Strong quality — 24% AUM from major funds
24% from top-100 AUM funds
6 of 21 holders rank in the top 100 by AUM, accounting for 24% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
Exit risk score 3.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.