Based on 743 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 3 quarters in a row
For 3 consecutive quarters, more hedge funds added NTRA 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
743 hedge funds hold NTRA 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.
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Fast accumulation — +33% more funds vs a year ago
fund count last 6Q
+183 new funds entered over the past year (+33% 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.
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Slight buying edge — 58% buying
441 buying317 selling
Last quarter: 441 funds bought or added vs 317 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.
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More new buyers each quarter (+67 vs last Q)
new funds entering per quarter
Funds opening a new NTRA position: 110 → 113 → 108 → 175. 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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Mixed — 38% long-term, 31% new
■ 38% conviction (2yr+)
■ 31% medium
■ 31% new
Of the 743 current holders: 281 (38%) held >2 years, 229 held 1–2 years, and 233 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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Value +46% but shares only +2% — price-driven
Last quarter: the total dollar value of institutional holdings rose +46%, but actual share count only changed +2%. 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.
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Growing discovery — still being found
130 → 110 → 113 → 108 → 175 new funds/Q
New funds entering each quarter: 110 → 113 → 108 → 175. A growing number of institutions are discovering NTRA each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Deep conviction — 43% of holders stayed 2+ years
■ 43% veterans
■ 15% 1-2yr
■ 43% new
Of 769 current holders: 329 (43%) 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.
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Elite ownership — 52% AUM from top-100 funds
52% from top-100 AUM funds
45 of 743 holders are among the 100 largest funds by AUM, controlling 52% of total institutional value in NTRA. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.