Based on 936 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added Q 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
936 hedge funds hold Q 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 — +93500% more funds vs a year ago
fund count last 6Q
+935 new funds entered over the past year (+93500% 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 — 100% buying
934 buying0 selling
Last quarter: 934 funds were net buyers (934 opened a brand new position + 0 added to an existing one). Only 0 were sellers (0 trimmed + 0 sold completely). A clear majority buying is a strong confirmation signal.
📈
More new buyers each quarter (+933 vs last Q)
new funds entering per quarter
Funds opening a new Q position: 0 → 0 → 1 → 934. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔄
Mostly new holders — 71% entered in last year
■ 22% conviction (2yr+)
■ 7% medium
■ 71% new
Only 207 funds (22%) 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 +105024714%, value +102803706%
Last quarter: funds added +105024714% more shares while total portfolio value only changed +102803706%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️
Steady discovery — ~934 new funds/quarter
0 → 0 → 0 → 1 → 934 new funds/Q
New funds entering each quarter: 0 → 0 → 1 → 934. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🌱
Early stage — 65% of holders entered in last year
■ 35% veterans
■ 0% 1-2yr
■ 65% new
Of 950 current holders: 619 (65%) entered in the past year, only 331 (35%) 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 — 54% AUM from top-100 funds
54% from top-100 AUM funds
44 of 936 holders are among the 100 largest funds by AUM, controlling 54% of total institutional value in Q. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
6.8
out of 10
Moderate Exit Risk
Exit risk score 6.8/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.