Based on 244 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added RDY 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.
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At the ownership peak (100% of max)
100% of all-time peak
244 hedge funds hold RDY 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.
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Stable — ownership unchanged year-over-year
fund count last 6Q
The number of hedge funds holding RDY is almost the same as a year ago (+5 funds, +2% change). No significant rush to buy or sell — institutional backing is holding steady.
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More buyers than sellers — 61% buying
141 buying92 selling
Last quarter: 141 funds were net buyers (40 opened a brand new position + 101 added to an existing one). Only 92 were sellers (62 trimmed + 30 sold completely). A clear majority buying is a strong confirmation signal.
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Steady new buyers — ~40 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 35 → 27 → 41 → 40. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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60% of holders stayed for 2+ years
■ 60% conviction (2yr+)
■ 18% medium
■ 23% new
146 out of 244 hedge funds have held RDY for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
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Growing discovery — still being found
34 → 35 → 27 → 41 → 40 new funds/Q
New funds entering each quarter: 35 → 27 → 41 → 40. A growing number of institutions are discovering RDY each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Deep conviction — 63% of holders stayed 2+ years
■ 63% veterans
■ 11% 1-2yr
■ 26% new
Of 244 current holders: 153 (63%) 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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Elite ownership — 43% AUM from top-100 funds
43% from top-100 AUM funds
44 of 244 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in RDY. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.