Based on 201 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 9 quarters in a row
For 9 consecutive quarters, more hedge funds added RDW 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
201 hedge funds hold RDW 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 — +75% more funds vs a year ago
fund count last 6Q
+86 new funds entered over the past year (+75% 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 — 69% buying
163 buying72 selling
Last quarter: 163 funds were net buyers (75 opened a brand new position + 88 added to an existing one). Only 72 were sellers (35 trimmed + 37 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+32 vs last Q)
new funds entering per quarter
Funds opening a new RDW position: 49 → 50 → 43 → 75. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔄
Mostly new holders — 45% entered in last year
■ 23% conviction (2yr+)
■ 32% medium
■ 45% new
Only 46 funds (23%) 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 +13%, value -33%
Last quarter: funds added +13% more shares while total portfolio value only changed -33%. 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
39 → 49 → 50 → 43 → 75 new funds/Q
New funds entering each quarter: 49 → 50 → 43 → 75. A growing number of institutions are discovering RDW each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱
Early stage — 55% of holders entered in last year
■ 32% veterans
■ 12% 1-2yr
■ 55% new
Of 217 current holders: 120 (55%) entered in the past year, only 70 (32%) 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.
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Smaller funds dominant — 14% AUM from top-100
14% from top-100 AUM funds
27 of 201 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.
4.8
out of 10
Moderate Exit Risk
Exit risk score 4.8/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.