Based on 25 hedge funds · latest filing: 2025 Q4 · 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.
📊
High ownership — 71% of 2.0Y peak
71% of all-time peak
25 funds currently hold this stock — 71% of the 2.0-year high of 35 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀
Fast accumulation — +39% more funds vs a year ago
fund count last 6Q
+7 new funds entered over the past year (+39% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🔴
Heavy selling pressure — only 18% buying
6 buying28 selling
Last quarter: 28 funds sold vs only 6 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️
Fewer new buyers each quarter (-10 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 3 → 11 → 13 → 3. 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.
🔄
Mostly new holders — 40% entered in last year
■ 0% conviction (2yr+)
■ 60% medium
■ 40% new
Only 0 funds (0%) 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.
📈
Growing discovery — still being found
6 → 3 → 11 → 13 → 3 new funds/Q
New funds entering each quarter: 3 → 11 → 13 → 3. 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 — 0% veterans, 36% new entrants
■ 0% veterans
■ 64% 1-2yr
■ 36% new
Of 25 current holders: 0 (0%) held 2+ years, 16 held 1–2 years, 9 (36%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅
Strong quality — 20% from major AUM funds
20% from top-100 AUM funds
5 of 25 current holders rank in the top 100 by AUM. A meaningful share of the ownership base comes from the most well-resourced institutions.
5.0
out of 10
Moderate Exit Risk
Exit risk score 5.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.