Based on 126 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 6 quarters in a row
For 6 consecutive quarters, more hedge funds added RZLV 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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At the ownership peak (100% of max)
100% of all-time peak
126 hedge funds hold RZLV 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.
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Fast accumulation — +473% more funds vs a year ago
fund count last 6Q
+104 new funds entered over the past year (+473% 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.
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More buyers than sellers — 61% buying
91 buying58 selling
Last quarter: 91 funds were net buyers (40 opened a brand new position + 51 added to an existing one). Only 58 were sellers (33 trimmed + 25 sold completely). A clear majority buying is a strong confirmation signal.
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Fewer new buyers each quarter (-13 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 20 → 47 → 53 → 40. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
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Mostly new holders — 79% entered in last year
■ 3% conviction (2yr+)
■ 17% medium
■ 79% new
Only 4 funds (3%) 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.
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Buying through price weakness — shares -32%, value -65%
Last quarter: funds added -32% more shares while total portfolio value only changed -65%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
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Growing discovery — still being found
17 → 20 → 47 → 53 → 40 new funds/Q
New funds entering each quarter: 20 → 47 → 53 → 40. A growing number of institutions are discovering RZLV each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Early stage — 93% of holders entered in last year
■ 4% veterans
■ 3% 1-2yr
■ 93% new
Of 136 current holders: 127 (93%) entered in the past year, only 5 (4%) 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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Strong quality — 22% AUM from major funds
22% from top-100 AUM funds
25 of 126 holders rank in the top 100 by AUM, accounting for 22% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
Exit risk score 7.0/10 — multiple crowding signals converge. Institutional ownership is at 100% of its all-time high — near peak crowding. Crowded trades can unwind fast — a single catalyst can trigger a cascade.