Based on 35 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 RJET 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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Below peak — only 30% of 3.0Y high
30% of all-time peak
Only 35 funds hold RJET today versus a peak of 116 funds at 2015 Q1 — just 30% 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 — 60% fewer funds vs a year ago
fund count last 6Q
53 fewer hedge funds hold RJET compared to a year ago (-60% 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 — 97% buying
35 buying1 selling
Last quarter: 35 funds were net buyers (35 opened a brand new position + 0 added to an existing one). Only 1 were sellers (0 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+34 vs last Q)
new funds entering per quarter
Funds opening a new RJET position: 18 → 2 → 1 → 35. 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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51% of holders stayed for 2+ years
■ 51% conviction (2yr+)
■ 3% medium
■ 46% new
18 out of 35 hedge funds have held RJET 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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Value +2874876% but shares only +142176% — price-driven
Last quarter: the total dollar value of institutional holdings rose +2874876%, but actual share count only changed +142176%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
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Acceleration phase — new buyers rushing in
15 → 18 → 2 → 1 → 35 new funds/Q
New funds entering each quarter: 18 → 2 → 1 → 35. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
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Deep conviction — 58% of holders stayed 2+ years
■ 58% veterans
■ 0% 1-2yr
■ 42% new
Of 36 current holders: 21 (58%) 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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Smaller funds dominant — 0% AUM from top-100
0% from top-100 AUM funds
9 of 35 holders rank in the top 100 by AUM, but together hold only 0% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
Exit risk score 1.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.