Based on 29 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added REE 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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High ownership — 81% of 3.0Y peak
81% of all-time peak
29 funds currently hold this stock — 81% of the 3.0-year high of 36 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 19% fewer funds vs a year ago
fund count last 6Q
7 fewer hedge funds hold REE compared to a year ago (-19% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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More buyers than sellers — 62% buying
13 buying8 selling
Last quarter: 13 funds were net buyers (9 opened a brand new position + 4 added to an existing one). Only 8 were sellers (3 trimmed + 5 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+8 vs last Q)
new funds entering per quarter
Funds opening a new REE position: 8 → 3 → 1 → 9. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
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Mostly new holders — 28% entered in last year
■ 24% conviction (2yr+)
■ 48% medium
■ 28% new
Only 7 funds (24%) 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.
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Steady discovery — ~9 new funds/quarter
6 → 8 → 3 → 1 → 9 new funds/Q
New funds entering each quarter: 8 → 3 → 1 → 9. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Mixed cohorts — 3% veterans, 34% new entrants
■ 3% veterans
■ 62% 1-2yr
■ 34% new
Of 29 current holders: 1 (3%) held 2+ years, 18 held 1–2 years, 10 (34%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Smaller funds dominant — 1% AUM from top-100
1% from top-100 AUM funds
5 of 29 holders rank in the top 100 by AUM, but together hold only 1% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
Exit risk score 2.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.