Based on 24 hedge funds · latest filing: 2026 Q1 · updated quarterly
📈
Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added PHIO 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
24 hedge funds hold PHIO 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.
🚀
Fast accumulation — +140% more funds vs a year ago
fund count last 6Q
+14 new funds entered over the past year (+140% 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.
🟢
More buyers than sellers — 73% buying
19 buying7 selling
Last quarter: 19 funds were net buyers (14 opened a brand new position + 5 added to an existing one). Only 7 were sellers (0 trimmed + 7 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+6 vs last Q)
new funds entering per quarter
Funds opening a new PHIO position: 4 → 3 → 8 → 14. 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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Mostly new holders — 62% entered in last year
■ 4% conviction (2yr+)
■ 33% medium
■ 62% new
Only 1 funds (4%) 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.
💰
Value +107% but shares only +84% — price-driven
Last quarter: the total dollar value of institutional holdings rose +107%, but actual share count only changed +84%. 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
3 → 4 → 3 → 8 → 14 new funds/Q
New funds entering each quarter: 4 → 3 → 8 → 14. A growing number of institutions are discovering PHIO each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱
Early stage — 67% of holders entered in last year
■ 4% veterans
■ 29% 1-2yr
■ 67% new
Of 24 current holders: 16 (67%) entered in the past year, only 1 (4%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
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Elite ownership — 50% AUM from top-100 funds
50% from top-100 AUM funds
6 of 24 holders are among the 100 largest funds by AUM, controlling 50% of total institutional value in PHIO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
6.4
out of 10
Moderate Exit Risk
Exit risk score 6.4/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.