Based on 70 hedge funds · latest filing: 2026 Q2 · updated quarterly
📉
Selling streak — 3 quarters in a row
For 3 consecutive quarters, more hedge funds reduced or closed their MSTY 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 41% of 3.0Y high
41% of all-time peak
Only 70 funds hold MSTY today versus a peak of 169 funds at 2025 Q3 — just 41% 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.
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Outflows — 57% fewer funds vs a year ago
fund count last 6Q
94 fewer hedge funds hold MSTY compared to a year ago (-57% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟢
More buyers than sellers — 61% buying
45 buying29 selling
Last quarter: 45 funds were net buyers (18 opened a brand new position + 27 added to an existing one). Only 29 were sellers (9 trimmed + 20 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+7 vs last Q)
new funds entering per quarter
Funds opening a new MSTY position: 41 → 14 → 11 → 18. 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 — 29% entered in last year
■ 10% conviction (2yr+)
■ 61% medium
■ 29% new
Only 7 funds (10%) 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.
💎
Buying through price weakness — shares -19%, value -53%
Last quarter: funds added -19% more shares while total portfolio value only changed -53%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊
Peak discovery — momentum slowing
99 → 41 → 14 → 11 → 18 new funds/Q
New funds entering each quarter: 41 → 14 → 11 → 18. MSTY is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
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Mixed cohorts — 8% veterans, 48% new entrants
■ 8% veterans
■ 44% 1-2yr
■ 48% new
Of 77 current holders: 6 (8%) held 2+ years, 34 held 1–2 years, 37 (48%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆
Elite ownership — 40% AUM from top-100 funds
40% from top-100 AUM funds
10 of 69 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in MSTY. 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 1.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.