Based on 2 hedge funds · latest filing: 2023 Q4 · updated quarterly
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Selling streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds reduced or closed their RIBT positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
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Below peak — only 9% of 3.0Y high
9% of all-time peak
Only 2 funds hold RIBT today versus a peak of 23 funds at 2022 Q2 — just 9% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
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Outflows — 91% fewer funds vs a year ago
fund count last 6Q
20 fewer hedge funds hold RIBT compared to a year ago (-91% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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Heavy selling pressure — only 13% buying
2 buying13 selling
Last quarter: 13 funds sold vs only 2 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️
Steady new buyers — ~2 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 2 → 1 → 2 → 2. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Price up while funds trimmed (+46146% value, -10% shares)
Last quarter: total value of institutional RIBT holdings rose +46146% even though funds reduced share count by 10%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
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Steady discovery — ~2 new funds/quarter
13 → 2 → 1 → 2 → 2 new funds/Q
New funds entering each quarter: 2 → 1 → 2 → 2. Consistent flow of new institutional buyers without clear acceleration or slowdown.
Exit risk score 1.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.