Based on 228 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 5 quarters in a row
For 5 consecutive quarters, more hedge funds added PPLT 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
228 hedge funds hold PPLT 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 — +87% more funds vs a year ago
fund count last 6Q
+106 new funds entered over the past year (+87% 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 — 63% buying
139 buying81 selling
Last quarter: 139 funds were net buyers (77 opened a brand new position + 62 added to an existing one). Only 81 were sellers (51 trimmed + 30 sold completely). A clear majority buying is a strong confirmation signal.
📈
More new buyers each quarter (+29 vs last Q)
new funds entering per quarter
Funds opening a new PPLT position: 23 → 47 → 48 → 77. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌
Mixed — 30% long-term, 49% new
■ 30% conviction (2yr+)
■ 21% medium
■ 49% new
Of the 228 current holders: 68 (30%) held >2 years, 48 held 1–2 years, and 112 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.
💰
Value +79% but shares only +43% — price-driven
Last quarter: the total dollar value of institutional holdings rose +79%, but actual share count only changed +43%. 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.
🚀
Acceleration phase — new buyers rushing in
34 → 23 → 47 → 48 → 77 new funds/Q
New funds entering each quarter: 23 → 47 → 48 → 77. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️
Deep conviction — 40% of holders stayed 2+ years
■ 40% veterans
■ 8% 1-2yr
■ 52% new
Of 237 current holders: 94 (40%) 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.
✅
Strong quality — 25% AUM from major funds
25% from top-100 AUM funds
16 of 228 holders rank in the top 100 by AUM, accounting for 25% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
5.3
out of 10
Moderate Exit Risk
Exit risk score 5.3/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.