Based on 279 hedge funds · latest filing: 2025 Q4 · updated quarterly
📉
Selling streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds reduced or closed their QGEN positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊
High ownership — 90% of 3.0Y peak
90% of all-time peak
279 funds currently hold this stock — 90% of the 3.0-year high of 311 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀
Fast accumulation — +3886% more funds vs a year ago
fund count last 6Q
+272 new funds entered over the past year (+3886% 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 sellers than buyers — 43% buying
151 buying199 selling
Last quarter: 199 funds reduced or exited vs 151 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️
Steady new buyers — ~55 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 262 → 68 → 55 → 55. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌
Mixed — 30% long-term, 32% new
■ 30% conviction (2yr+)
■ 38% medium
■ 32% new
Of the 279 current holders: 84 (30%) held >2 years, 105 held 1–2 years, and 90 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.
📊
Peak discovery — momentum slowing
6 → 262 → 68 → 55 → 55 new funds/Q
New funds entering each quarter: 262 → 68 → 55 → 55. QGEN is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🌱
Early stage — 60% of holders entered in last year
■ 40% veterans
■ 0% 1-2yr
■ 60% new
Of 292 current holders: 175 (60%) entered in the past year, only 116 (40%) 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 — 67% AUM from top-100 funds
67% from top-100 AUM funds
37 of 279 holders are among the 100 largest funds by AUM, controlling 67% of total institutional value in QGEN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.7
out of 10
Moderate Exit Risk
Exit risk score 4.7/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.