Based on 782 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 11 quarters in a row
For 11 consecutive quarters, more hedge funds added RKLB 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.
🏔️
At the ownership peak (100% of max)
100% of all-time peak
782 hedge funds hold RKLB 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.
🚀
Fast accumulation — +104% more funds vs a year ago
fund count last 6Q
+399 new funds entered over the past year (+104% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢
More buyers than sellers — 64% buying
528 buying294 selling
Last quarter: 528 funds were net buyers (229 opened a brand new position + 299 added to an existing one). Only 294 were sellers (217 trimmed + 77 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+19 vs last Q)
new funds entering per quarter
Funds opening a new RKLB position: 88 → 160 → 210 → 229. 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 — 55% entered in last year
■ 23% conviction (2yr+)
■ 22% medium
■ 55% new
Only 176 funds (23%) 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.
💰
Value +48% but shares only +0% — price-driven
Last quarter: the total dollar value of institutional holdings rose +48%, but actual share count only changed +0%. 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
141 → 88 → 160 → 210 → 229 new funds/Q
New funds entering each quarter: 88 → 160 → 210 → 229. 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.
🌱
Early stage — 63% of holders entered in last year
■ 28% veterans
■ 10% 1-2yr
■ 63% new
Of 848 current holders: 533 (63%) entered in the past year, only 234 (28%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
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Elite ownership — 50% AUM from top-100 funds
50% from top-100 AUM funds
40 of 782 holders are among the 100 largest funds by AUM, controlling 50% of total institutional value in RKLB. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
5.7
out of 10
Moderate Exit Risk
Exit risk score 5.7/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.