Based on 651 hedge funds · latest filing: 2025 Q4 · updated quarterly
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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.
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High ownership — 84% of 3.0Y peak
84% of all-time peak
651 funds currently hold this stock — 84% of the 3.0-year high of 778 funds (reached 2023 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 7% fewer funds vs a year ago
fund count last 6Q
48 fewer hedge funds hold this stock compared to a year ago (-7% 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 — 41% buying
276 buying393 selling
Last quarter: 393 funds reduced or exited vs 276 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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Fewer new buyers each quarter (-6 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 77 → 75 → 89 → 83. 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.
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77% of holders stayed for 2+ years
■ 77% conviction (2yr+)
■ 12% medium
■ 12% new
500 out of 651 hedge funds have held this stock for over 2 years without selling. Long-term holders are harder to shake out during market dips — they represent a stable ownership base that reduces the risk of sudden mass selling.
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Growing discovery — still being found
63 → 77 → 75 → 89 → 83 new funds/Q
New funds entering each quarter: 77 → 75 → 89 → 83. 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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Deep conviction — 78% of holders stayed 2+ years
■ 78% veterans
■ 9% 1-2yr
■ 13% new
Of 678 current holders: 529 (78%) 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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Elite ownership — 48% AUM from top-100 funds
48% from top-100 AUM funds
36 of 651 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in this stock. When the biggest players hold the majority of a position, it reflects deep institutional conviction — large funds have the most resources for due diligence and the most at stake.
Exit risk score 2.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.