Based on 16 hedge funds · latest filing: 2025 Q4 · updated quarterly
📉 Selling streak — 3 quarters in a row
For 3 consecutive quarters, more hedge funds reduced or closed this position than added to it. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams deciding to exit.
📊 High ownership — 76% of 3.0Y peak
16 funds currently hold this stock — 76% 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 — 16% fewer funds vs a year ago
3 fewer hedge funds hold this stock compared to a year ago (-16% decline). When institutions consistently reduce exposure, it's worth asking what they know that retail investors don't.
🟡 Slight buying edge — 50% buying
Last quarter: 7 funds bought or added vs 7 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 — ~4 new funds per quarter
Funds opening this position for the first time: 4 → 2 → 3 → 4. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄 Mostly new holders — 38% entered in last year
Only 3 funds (19%) 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.