Based on 47 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added SHIP 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 — 81% of 3.0Y peak
81% of all-time peak
47 funds currently hold this stock — 81% of the 3.0-year high of 58 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 — 19% fewer funds vs a year ago
fund count last 6Q
11 fewer hedge funds hold SHIP compared to a year ago (-19% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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Slight buying edge — 52% buying
28 buying26 selling
Last quarter: 28 funds bought or added vs 26 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
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Steady new buyers — ~11 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 1 → 5 → 14 → 11. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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40% of holders stayed for 2+ years
■ 40% conviction (2yr+)
■ 36% medium
■ 23% new
19 out of 47 hedge funds have held SHIP for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
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Value +63% but shares only +46% — price-driven
Last quarter: the total dollar value of institutional holdings rose +63%, but actual share count only changed +46%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
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Growing discovery — still being found
16 → 1 → 5 → 14 → 11 new funds/Q
New funds entering each quarter: 1 → 5 → 14 → 11. A growing number of institutions are discovering SHIP each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Deep conviction — 45% of holders stayed 2+ years
■ 45% veterans
■ 39% 1-2yr
■ 16% new
Of 49 current holders: 22 (45%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
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Smaller funds dominant — 19% AUM from top-100
19% from top-100 AUM funds
11 of 47 holders rank in the top 100 by AUM, but together hold only 19% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
Exit risk score 2.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.