Based on 270 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 2 quarters in a row
For 2 consecutive quarters, 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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At the ownership peak (100% of max)
100% of all-time peak
270 hedge funds hold this stock 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 'crowded trade' — high ownership doesn't mean safe.
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Steady growth — +15% more funds vs a year ago
fund count last 6Q
+35 new funds entered over the past year (+15% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
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More sellers than buyers — 49% buying
117 buying121 selling
Last quarter: 121 funds reduced or exited vs 117 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️
Fewer new buyers each quarter (-7 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 29 → 27 → 53 → 46. 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.
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Mixed — 39% long-term, 26% new
■ 39% conviction (2yr+)
■ 35% medium
■ 26% new
Of the 270 current holders: 105 (39%) held >2 years, 95 held 1–2 years, and 70 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.
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Acceleration phase — new buyers rushing in
29 → 29 → 27 → 53 → 46 new funds/Q
New funds entering each quarter: 29 → 27 → 53 → 46. 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.
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Mixed cohorts — 3% veterans, 30% new entrants
■ 3% veterans
■ 67% 1-2yr
■ 30% new
Of 276 current holders: 9 (3%) held 2+ years, 185 held 1–2 years, 82 (30%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Smaller funds dominant — 13% top-100 AUM
13% from top-100 AUM funds
Only 35 of 270 current holders rank in the top 100 by AUM. The stock is held mostly by smaller and mid-sized funds — the largest institutional players haven't yet built significant positions.
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.