Based on 16 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added RNEM 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 67% of 3.0Y high
67% of all-time peak
Only 16 funds hold RNEM today versus a peak of 24 funds at 2024 Q2 — just 67% 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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Stable — ownership unchanged year-over-year
fund count last 6Q
The number of hedge funds holding RNEM is almost the same as a year ago (+0 funds, +0% change). No significant rush to buy or sell — institutional backing is holding steady.
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More sellers than buyers — 42% buying
5 buying7 selling
Last quarter: 7 funds reduced or exited vs 5 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
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Steady new buyers — ~3 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 2 → 0 → 2 → 3. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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81% of holders stayed for 2+ years
■ 81% conviction (2yr+)
■ 12% medium
■ 6% new
13 out of 16 hedge funds have held RNEM 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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Steady discovery — ~3 new funds/quarter
0 → 2 → 0 → 2 → 3 new funds/Q
New funds entering each quarter: 2 → 0 → 2 → 3. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 81% veterans vs 6% newcomers
■ 81% veterans
■ 12% 1-2yr
■ 6% new
Entry-cohort mix of 16 holders: 13 (81%) are 2+ year veterans, 2 entered 1–2 years ago, and 1 (6%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 45% AUM from top-100 funds
45% from top-100 AUM funds
6 of 15 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in RNEM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
Exit risk score 1.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.