Based on 11 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added PCGG 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 — 92% of 2.8Y peak
92% of all-time peak
11 funds currently hold this stock — 92% of the 2.8-year high of 12 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Stable — ownership unchanged year-over-year
fund count last 6Q
The number of hedge funds holding PCGG is almost the same as a year ago (+0 funds, +0% change). No significant rush to buy or sell — institutional backing is holding steady.
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More buyers than sellers — 67% buying
8 buying4 selling
Last quarter: 8 funds were net buyers (5 opened a brand new position + 3 added to an existing one). Only 4 were sellers (2 trimmed + 2 sold completely). A clear majority buying is a strong confirmation signal.
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Steady new buyers — ~5 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 2 → 2 → 1 → 5. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Mostly new holders — 9% entered in last year
■ 18% conviction (2yr+)
■ 73% medium
■ 9% new
Only 2 funds (18%) 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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Steady discovery — ~5 new funds/quarter
4 → 2 → 2 → 1 → 5 new funds/Q
New funds entering each quarter: 2 → 2 → 1 → 5. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 45% veterans vs 18% newcomers
■ 45% veterans
■ 36% 1-2yr
■ 18% new
Entry-cohort mix of 11 holders: 5 (45%) are 2+ year veterans, 4 entered 1–2 years ago, and 2 (18%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 95% AUM from top-100 funds
95% from top-100 AUM funds
5 of 11 holders are among the 100 largest funds by AUM, controlling 95% of total institutional value in PCGG. 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 2.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.