Based on 56 hedge funds · latest filing: 2022 Q4 · updated quarterly
📉
Selling streak — 7 quarters in a row
For 7 consecutive quarters, more hedge funds reduced or closed their SIEN positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🔻
Below peak — only 49% of 3.0Y high
49% of all-time peak
Only 56 funds hold SIEN today versus a peak of 114 funds at 2021 Q1 — just 49% 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.
📉
Outflows — 47% fewer funds vs a year ago
fund count last 6Q
49 fewer hedge funds hold SIEN compared to a year ago (-47% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠
More sellers than buyers — 48% buying
31 buying33 selling
Last quarter: 33 funds reduced or exited vs 31 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.
➡️
Steady new buyers — ~17 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 16 → 10 → 12 → 17. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
💰
Price up while funds trimmed (+20272% value, -0% shares)
Last quarter: total value of institutional SIEN holdings rose +20272% even though funds reduced share count by 0%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
📈
Growing discovery — still being found
17 → 16 → 10 → 12 → 17 new funds/Q
New funds entering each quarter: 16 → 10 → 12 → 17. A growing number of institutions are discovering SIEN each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
Exit risk score 1.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.