Based on 10 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 SCLZ 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 — 91% of 2.5Y peak
91% of all-time peak
10 funds currently hold this stock — 91% of the 2.5-year high of 11 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 — 9% fewer funds vs a year ago
fund count last 6Q
1 fewer hedge funds hold SCLZ compared to a year ago (-9% 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 — 89% buying
8 buying1 selling
Last quarter: 8 funds were net buyers (3 opened a brand new position + 5 added to an existing one). Only 1 were sellers (0 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.
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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 → 0 → 3. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Mixed — 30% long-term, 30% new
■ 30% conviction (2yr+)
■ 40% medium
■ 30% new
Of the 10 current holders: 3 (30%) held >2 years, 4 held 1–2 years, and 3 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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Steady discovery — ~3 new funds/quarter
4 → 2 → 0 → 0 → 3 new funds/Q
New funds entering each quarter: 2 → 0 → 0 → 3. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Early stage — 60% of holders entered in last year
■ 30% veterans
■ 10% 1-2yr
■ 60% new
Of 10 current holders: 6 (60%) entered in the past year, only 3 (30%) 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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Smaller funds dominant — 2% AUM from top-100
2% from top-100 AUM funds
1 of 10 holders rank in the top 100 by AUM, but together hold only 2% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
Exit risk score 3.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.