Based on 17 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added RVYL 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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High ownership — 71% of 3.0Y peak
71% of all-time peak
17 funds currently hold this stock — 71% of the 3.0-year high of 24 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 29% fewer funds vs a year ago
fund count last 6Q
7 fewer hedge funds hold RVYL compared to a year ago (-29% 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 — 75% buying
12 buying4 selling
Last quarter: 12 funds were net buyers (6 opened a brand new position + 6 added to an existing one). Only 4 were sellers (3 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.
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Steady new buyers — ~6 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 3 → 7 → 4 → 6. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Mixed — 35% long-term, 53% new
■ 35% conviction (2yr+)
■ 12% medium
■ 53% new
Of the 17 current holders: 6 (35%) held >2 years, 2 held 1–2 years, and 9 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
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Value +5868% but shares only +1284% — price-driven
Last quarter: the total dollar value of institutional holdings rose +5868%, but actual share count only changed +1284%. 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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Steady discovery — ~6 new funds/quarter
7 → 3 → 7 → 4 → 6 new funds/Q
New funds entering each quarter: 3 → 7 → 4 → 6. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 41% veterans vs 47% newcomers
■ 41% veterans
■ 12% 1-2yr
■ 47% new
Entry-cohort mix of 17 holders: 7 (41%) are 2+ year veterans, 2 entered 1–2 years ago, and 8 (47%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 43% AUM from top-100 funds
43% from top-100 AUM funds
9 of 17 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in RVYL. 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 2.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.