Based on 461 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 ONTO 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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High ownership — 93% of 3.0Y peak
93% of all-time peak
461 funds currently hold this stock — 93% of the 3.0-year high of 494 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 6% fewer funds vs a year ago
fund count last 6Q
30 fewer hedge funds hold ONTO compared to a year ago (-6% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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Slight buying edge — 51% buying
256 buying244 selling
Last quarter: 256 funds bought or added vs 244 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 — ~102 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 66 → 85 → 103 → 102. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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52% of holders stayed for 2+ years
■ 52% conviction (2yr+)
■ 22% medium
■ 26% new
242 out of 461 hedge funds have held ONTO for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
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Price up while funds trimmed (+21% value, -2% shares)
Last quarter: total value of institutional ONTO holdings rose +21% even though funds reduced share count by 2%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
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Growing discovery — still being found
82 → 66 → 85 → 103 → 102 new funds/Q
New funds entering each quarter: 66 → 85 → 103 → 102. A growing number of institutions are discovering ONTO each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Deep conviction — 56% of holders stayed 2+ years
■ 56% veterans
■ 15% 1-2yr
■ 29% new
Of 473 current holders: 263 (56%) 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 — 43% AUM from top-100 funds
43% from top-100 AUM funds
43 of 461 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in ONTO. 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 3.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.