Based on 343 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 3 quarters in a row
For 3 consecutive quarters, more hedge funds added SKT 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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At the ownership peak (100% of max)
100% of all-time peak
343 hedge funds hold SKT right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
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Steady growth — +4% more funds vs a year ago
fund count last 6Q
+13 new funds entered over the past year (+4% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
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Slight buying edge — 56% buying
186 buying144 selling
Last quarter: 186 funds bought or added vs 144 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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Fewer new buyers each quarter (-7 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 47 → 50 → 50 → 43. 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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65% of holders stayed for 2+ years
■ 65% conviction (2yr+)
■ 21% medium
■ 15% new
222 out of 343 hedge funds have held SKT 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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Steady discovery — ~43 new funds/quarter
52 → 47 → 50 → 50 → 43 new funds/Q
New funds entering each quarter: 47 → 50 → 50 → 43. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 71% veterans vs 18% newcomers
■ 71% veterans
■ 11% 1-2yr
■ 18% new
Entry-cohort mix of 348 holders: 247 (71%) are 2+ year veterans, 39 entered 1–2 years ago, and 62 (18%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 45% AUM from top-100 funds
45% from top-100 AUM funds
55 of 343 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in SKT. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.