Based on 25 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added PSTV 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
25 hedge funds hold PSTV right now — the highest count in 2.8 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 — +178% more funds vs a year ago
fund count last 6Q
+16 new funds entered over the past year (+178% 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 — 71% buying
20 buying8 selling
Last quarter: 20 funds were net buyers (11 opened a brand new position + 9 added to an existing one). Only 8 were sellers (0 trimmed + 8 sold completely). A clear majority buying is a strong confirmation signal.
➡️
Steady new buyers — ~11 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 7 → 7 → 13 → 11. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Mostly new holders — 64% entered in last year
■ 12% conviction (2yr+)
■ 24% medium
■ 64% new
Only 3 funds (12%) 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.
💎
Buying through price weakness — shares +122%, value -99%
Last quarter: funds added +122% more shares while total portfolio value only changed -99%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
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Growing discovery — still being found
1 → 7 → 7 → 13 → 11 new funds/Q
New funds entering each quarter: 7 → 7 → 13 → 11. A growing number of institutions are discovering PSTV each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱
Early stage — 60% of holders entered in last year
■ 24% veterans
■ 16% 1-2yr
■ 60% new
Of 25 current holders: 15 (60%) entered in the past year, only 6 (24%) 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 — 46% AUM from top-100 funds
46% from top-100 AUM funds
10 of 25 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in PSTV. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
6.2
out of 10
Moderate Exit Risk
Exit risk score 6.2/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.