Based on 48 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added PSR 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.
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High ownership — 86% of 3.0Y peak
86% of all-time peak
48 funds currently hold this stock — 86% of the 3.0-year high of 56 funds (reached 2023 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 6% fewer funds vs a year ago
fund count last 6Q
3 fewer hedge funds hold PSR compared to a year ago (-6% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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Slight buying edge — 58% buying
25 buying18 selling
Last quarter: 25 funds bought or added vs 18 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
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Steady new buyers — ~9 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 7 → 8 → 4 → 9. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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73% of holders stayed for 2+ years
■ 73% conviction (2yr+)
■ 10% medium
■ 17% new
35 out of 48 hedge funds have held PSR for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
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Steady discovery — ~9 new funds/quarter
8 → 7 → 8 → 4 → 9 new funds/Q
New funds entering each quarter: 7 → 8 → 4 → 9. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 79% veterans vs 15% newcomers
■ 79% veterans
■ 6% 1-2yr
■ 15% new
Entry-cohort mix of 48 holders: 38 (79%) are 2+ year veterans, 3 entered 1–2 years ago, and 7 (15%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Smaller funds dominant — 14% AUM from top-100
14% from top-100 AUM funds
11 of 48 holders rank in the top 100 by AUM, but together hold only 14% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
Exit risk score 2.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.