Based on 2471 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 4 quarters in a row
For 4 consecutive quarters, more hedge funds added MU 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.
🏔️
At the ownership peak (100% of max)
100% of all-time peak
2,471 hedge funds hold MU 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.
🚀
Fast accumulation — +57% more funds vs a year ago
fund count last 6Q
+896 new funds entered over the past year (+57% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢
More buyers than sellers — 61% buying
1523 buying954 selling
Last quarter: 1,523 funds were net buyers (640 opened a brand new position + 883 added to an existing one). Only 954 were sellers (841 trimmed + 113 sold completely). A clear majority buying is a strong confirmation signal.
📈
More new buyers each quarter (+282 vs last Q)
new funds entering per quarter
Funds opening a new MU position: 218 → 298 → 358 → 640. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒
50% of holders stayed for 2+ years
■ 50% conviction (2yr+)
■ 20% medium
■ 30% new
1,235 out of 2,471 hedge funds have held MU 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.
💰
Value +70% but shares only +0% — price-driven
Last quarter: the total dollar value of institutional holdings rose +70%, but actual share count only changed +0%. 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.
🚀
Acceleration phase — new buyers rushing in
210 → 218 → 298 → 358 → 640 new funds/Q
New funds entering each quarter: 218 → 298 → 358 → 640. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️
Deep conviction — 57% of holders stayed 2+ years
■ 57% veterans
■ 12% 1-2yr
■ 31% new
Of 2,615 current holders: 1,484 (57%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆
Elite ownership — 53% AUM from top-100 funds
53% from top-100 AUM funds
48 of 2471 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in MU. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.4
out of 10
Moderate Exit Risk
Exit risk score 4.4/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.