Based on 18 hedge funds · latest filing: 2025 Q4 · updated quarterly
➡️
No change last quarter
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
📊
High ownership — 86% of 3.0Y peak
86% of all-time peak
18 funds currently hold this stock — 86% of the 3.0-year high of 21 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉
Outflows — 5% fewer funds vs a year ago
fund count last 6Q
1 fewer hedge funds hold NEHCW compared to a year ago (-5% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡
Slight buying edge — 50% buying
8 buying8 selling
Last quarter: 8 funds bought or added vs 8 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️
Steady new buyers — ~5 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 4 → 2 → 4 → 5. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄
Mostly new holders — 44% entered in last year
■ 17% conviction (2yr+)
■ 39% medium
■ 44% new
Only 3 funds (17%) 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 +16%, value -90%
Last quarter: funds added +16% more shares while total portfolio value only changed -90%. 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 — ~5 new funds/quarter
17 → 4 → 2 → 4 → 5 new funds/Q
New funds entering each quarter: 4 → 2 → 4 → 5. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🌱
Early stage — 83% of holders entered in last year
■ 17% veterans
■ 0% 1-2yr
■ 83% new
Of 18 current holders: 15 (83%) entered in the past year, only 3 (17%) 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.
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Smaller funds dominant — 2% AUM from top-100
2% from top-100 AUM funds
1 of 18 holders rank in the top 100 by AUM, but together hold only 2% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.