Based on 176 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Selling streak — 2 quarters in a row
For 2 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.
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High ownership — 94% of 3.0Y peak
94% of all-time peak
176 funds currently hold this stock — 94% of the 3.0-year high of 187 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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Outflows — 5% fewer funds vs a year ago
fund count last 6Q
9 fewer hedge funds hold this stock compared to a year ago (-5% decline). When institutions consistently reduce exposure, it's worth asking what they know that retail investors don't.
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Heavy selling pressure — only 39% buying
57 buying89 selling
Last quarter: 89 funds sold vs only 57 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
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More new buyers each quarter (+9 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 19 → 18 → 13 → 22. A growing number of new institutional buyers means the stock is still being discovered — the opportunity hasn't been fully priced in.
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67% of holders stayed for 2+ years
■ 67% conviction (2yr+)
■ 21% medium
■ 12% new
118 out of 176 hedge funds have held this stock for over 2 years without selling. Long-term holders are harder to shake out during market dips — they represent a stable ownership base that reduces the risk of sudden mass selling.
➡️
Steady discovery — ~22 new funds/quarter
22 → 19 → 18 → 13 → 22 new funds/Q
New funds entering each quarter: 19 → 18 → 13 → 22. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️
Deep conviction — 67% of holders stayed 2+ years
■ 67% veterans
■ 17% 1-2yr
■ 16% new
Of 176 current holders: 118 (67%) 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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Smaller funds dominant — 9% top-100 AUM
9% from top-100 AUM funds
Only 16 of 176 current holders rank in the top 100 by AUM. The stock is held mostly by smaller and mid-sized funds — the largest institutional players haven't yet built significant positions.
Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.