Based on 92 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, 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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High ownership — 85% of 3.0Y peak
85% of all-time peak
92 funds currently hold this stock — 85% of the 3.0-year high of 108 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 15% fewer funds vs a year ago
fund count last 6Q
16 fewer hedge funds hold this stock compared to a year ago (-15% decline). When institutions consistently reduce exposure, it's worth asking what they know that retail investors don't.
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More sellers than buyers — 47% buying
38 buying43 selling
Last quarter: 43 funds reduced or exited vs 38 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
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Steady new buyers — ~16 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 13 → 14 → 15 → 16. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Mostly new holders — 25% entered in last year
■ 23% conviction (2yr+)
■ 52% medium
■ 25% new
Only 21 funds (23%) 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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Growing discovery — still being found
23 → 13 → 14 → 15 → 16 new funds/Q
New funds entering each quarter: 13 → 14 → 15 → 16. A growing number of institutions are discovering this stock each quarter. The idea is still spreading — there is room for more buyers to enter.
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Mixed cohorts — 23% veterans, 36% new entrants
■ 23% veterans
■ 41% 1-2yr
■ 36% new
Of 92 current holders: 21 (23%) held 2+ years, 38 held 1–2 years, 33 (36%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Strong quality — 22% from major AUM funds
22% from top-100 AUM funds
20 of 92 current holders rank in the top 100 by AUM. A meaningful share of the ownership base comes from the most well-resourced institutions.
Exit risk score 3.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.