Based on 60 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 OBIL 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.
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At the ownership peak (100% of max)
100% of all-time peak
60 hedge funds hold OBIL 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 — +22% more funds vs a year ago
fund count last 6Q
+11 new funds entered over the past year (+22% 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 — 52% buying
28 buying26 selling
Last quarter: 28 funds bought or added vs 26 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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Steady new buyers — ~6 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 13 → 8 → 10 → 6. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Mixed — 35% long-term, 25% new
■ 35% conviction (2yr+)
■ 40% medium
■ 25% new
Of the 60 current holders: 21 (35%) held >2 years, 24 held 1–2 years, and 15 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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Peak discovery — momentum slowing
7 → 13 → 8 → 10 → 6 new funds/Q
New funds entering each quarter: 13 → 8 → 10 → 6. OBIL is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
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Mixed cohorts — 30% veterans, 45% new entrants
■ 30% veterans
■ 25% 1-2yr
■ 45% new
Of 60 current holders: 18 (30%) held 2+ years, 15 held 1–2 years, 27 (45%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Elite ownership — 45% AUM from top-100 funds
45% from top-100 AUM funds
7 of 60 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in OBIL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.