Based on 77 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 10 quarters in a row
For 10 consecutive quarters, more hedge funds added PSC 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
77 hedge funds hold PSC 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 — +108% more funds vs a year ago
fund count last 6Q
+40 new funds entered over the past year (+108% 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 — 83% buying
62 buying13 selling
Last quarter: 62 funds were net buyers (20 opened a brand new position + 42 added to an existing one). Only 13 were sellers (9 trimmed + 4 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 PSC position: 10 → 17 → 14 → 20. 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, 44% new
■ 30% conviction (2yr+)
■ 26% medium
■ 44% new
Of the 77 current holders: 23 (30%) held >2 years, 20 held 1–2 years, and 34 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
14 → 10 → 17 → 14 → 20 new funds/Q
New funds entering each quarter: 10 → 17 → 14 → 20. A growing number of institutions are discovering PSC each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱
Early stage — 58% of holders entered in last year
■ 31% veterans
■ 10% 1-2yr
■ 58% new
Of 77 current holders: 45 (58%) entered in the past year, only 24 (31%) 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.
🏆
Elite ownership — 74% AUM from top-100 funds
74% from top-100 AUM funds
12 of 77 holders are among the 100 largest funds by AUM, controlling 74% of total institutional value in PSC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
5.2
out of 10
Moderate Exit Risk
Exit risk score 5.2/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.