Based on 341 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 7 quarters in a row
For 7 consecutive quarters, more hedge funds added this stock 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 trade.
🏔️
At the ownership peak (100% of max)
100% of all-time peak
341 hedge funds hold this stock 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 'crowded trade' — high ownership doesn't mean safe.
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Steady growth — +15% more funds vs a year ago
fund count last 6Q
+45 new funds entered over the past year (+15% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢
More buyers than sellers — 60% buying
206 buying138 selling
Last quarter: 206 funds were net buyers (35 opened a brand new position + 171 added to an existing one). Only 138 were sellers (108 trimmed + 30 sold completely). A clear majority buying is a strong confirmation signal.
⚠️
Fewer new buyers each quarter (-22 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 40 → 46 → 57 → 35. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒
43% of holders stayed for 2+ years
■ 43% conviction (2yr+)
■ 35% medium
■ 22% new
146 out of 341 hedge funds have held this stock for over 2 years without selling. Long-term holders are harder to shake out during market dips — they represent a stable ownership base that reduces the risk of sudden mass selling.
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Steady discovery — ~35 new funds/quarter
55 → 40 → 46 → 57 → 35 new funds/Q
New funds entering each quarter: 40 → 46 → 57 → 35. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Deep conviction — 46% of holders stayed 2+ years
■ 46% veterans
■ 23% 1-2yr
■ 31% new
Of 341 current holders: 157 (46%) 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.
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Smaller funds dominant — 4% top-100 AUM
4% from top-100 AUM funds
Only 15 of 341 current holders rank in the top 100 by AUM. The stock is held mostly by smaller and mid-sized funds — the largest institutional players haven't yet built significant positions.
Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.