Based on 6 hedge funds · latest filing: 2001 Q2 · updated quarterly
📉
Selling streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds reduced or closed this position than added to it. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams deciding to exit.
🔻
Below peak — only 21% of 2.5Y high
21% of all-time peak
Only 6 funds hold this stock today versus a peak of 29 funds at 2001 Q1 — just 21% 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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Outflows — 71% fewer funds vs a year ago
fund count last 6Q
15 fewer hedge funds hold this stock compared to a year ago (-71% decline). When institutions consistently reduce exposure, it's worth asking what they know that retail investors don't.
🔴
Heavy selling pressure — only 7% buying
2 buying26 selling
Last quarter: 26 funds sold vs only 2 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️
Fewer new buyers each quarter (-9 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 0 → 5 → 10 → 1. 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.
📌
Mixed — 33% long-term, 50% new
■ 33% conviction (2yr+)
■ 17% medium
■ 50% new
Of the 6 current holders: 2 (33%) held >2 years, 1 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.
📈
Growing discovery — still being found
4 → 0 → 5 → 10 → 1 new funds/Q
New funds entering each quarter: 0 → 5 → 10 → 1. A growing number of institutions are discovering this stock each quarter. The idea is still spreading — there is room for more buyers to enter.
📊
Mixed cohorts — 17% veterans, 50% new entrants
■ 17% veterans
■ 33% 1-2yr
■ 50% new
Of 6 current holders: 1 (17%) held 2+ years, 2 held 1–2 years, 3 (50%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆
Elite ownership — 50% from top-100 AUM funds
50% from top-100 AUM funds
3 of 6 current holders are among the 100 largest hedge funds by AUM. When the biggest players own a stock, it reflects deep institutional conviction — large funds have the most resources for due diligence and the most at stake.
Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.