Based on 265 hedge funds · latest filing: 2025 Q4 · updated quarterly
➡️
No change last quarter
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
🏔️
At the ownership peak (97% of max)
97% of all-time peak
265 hedge funds hold RELY 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.
📶
Steady growth — +14% more funds vs a year ago
fund count last 6Q
+32 new funds entered over the past year (+14% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡
Slight buying edge — 52% buying
156 buying144 selling
Last quarter: 156 funds bought or added vs 144 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈
More new buyers each quarter (+9 vs last Q)
new funds entering per quarter
Funds opening a new RELY position: 65 → 39 → 50 → 59. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒
44% of holders stayed for 2+ years
■ 44% conviction (2yr+)
■ 30% medium
■ 26% new
117 out of 265 hedge funds have held RELY 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.
➡️
Steady discovery — ~59 new funds/quarter
64 → 65 → 39 → 50 → 59 new funds/Q
New funds entering each quarter: 65 → 39 → 50 → 59. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️
Deep conviction — 54% of holders stayed 2+ years
■ 54% veterans
■ 18% 1-2yr
■ 29% new
Of 279 current holders: 150 (54%) 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.
✅
Strong quality — 31% AUM from major funds
31% from top-100 AUM funds
38 of 265 holders rank in the top 100 by AUM, accounting for 31% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.