Based on 101 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 3 quarters in a row
For 3 consecutive quarters, more hedge funds added this stock 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 trade.
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At the ownership peak (100% of max)
100% of all-time peak
101 hedge funds hold this stock 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 'crowded trade' — high ownership doesn't mean safe.
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Steady growth — +5% more funds vs a year ago
fund count last 6Q
+5 new funds entered over the past year (+5% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
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More buyers than sellers — 64% buying
70 buying40 selling
Last quarter: 70 funds were net buyers (19 opened a brand new position + 51 added to an existing one). Only 40 were sellers (24 trimmed + 16 sold completely). A clear majority buying is a strong confirmation signal.
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Steady new buyers — ~19 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 17 → 18 → 16 → 19. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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42% of holders stayed for 2+ years
■ 42% conviction (2yr+)
■ 31% medium
■ 28% new
42 out of 101 hedge funds have held this stock for over 2 years without selling. Long-term holders are harder to shake out during market dips — they represent a stable ownership base that reduces the risk of sudden mass selling.
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Steady discovery — ~19 new funds/quarter
18 → 17 → 18 → 16 → 19 new funds/Q
New funds entering each quarter: 17 → 18 → 16 → 19. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Mixed cohorts — 37% veterans, 33% new entrants
■ 37% veterans
■ 31% 1-2yr
■ 33% new
Of 101 current holders: 37 (37%) held 2+ years, 31 held 1–2 years, 33 (33%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Smaller funds dominant — 13% top-100 AUM
13% from top-100 AUM funds
Only 13 of 101 current holders rank in the top 100 by AUM. The stock is held mostly by smaller and mid-sized funds — the largest institutional players haven't yet built significant positions.
Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.