Based on 246 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added PRCT 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.
📊
High ownership — 93% of 3.0Y peak
93% of all-time peak
246 funds currently hold this stock — 93% of the 3.0-year high of 265 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉
Outflows — 5% fewer funds vs a year ago
fund count last 6Q
13 fewer hedge funds hold PRCT compared to a year ago (-5% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟢
More buyers than sellers — 62% buying
167 buying103 selling
Last quarter: 167 funds were net buyers (60 opened a brand new position + 107 added to an existing one). Only 103 were sellers (60 trimmed + 43 sold completely). A clear majority buying is a strong confirmation signal.
📈
More new buyers each quarter (+22 vs last Q)
new funds entering per quarter
Funds opening a new PRCT position: 53 → 31 → 38 → 60. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌
Mixed — 39% long-term, 28% new
■ 39% conviction (2yr+)
■ 33% medium
■ 28% new
Of the 246 current holders: 96 (39%) held >2 years, 82 held 1–2 years, and 68 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.
📈
Growing discovery — still being found
54 → 53 → 31 → 38 → 60 new funds/Q
New funds entering each quarter: 53 → 31 → 38 → 60. A growing number of institutions are discovering PRCT each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️
Deep conviction — 45% of holders stayed 2+ years
■ 45% veterans
■ 23% 1-2yr
■ 32% new
Of 257 current holders: 115 (45%) 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.
🏆
Elite ownership — 42% AUM from top-100 funds
42% from top-100 AUM funds
34 of 246 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in PRCT. 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.