Based on 198 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added this stock 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 trade.
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High ownership — 91% of 3.0Y peak
91% of all-time peak
198 funds currently hold this stock — 91% of the 3.0-year high of 217 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Steady growth — +11% more funds vs a year ago
fund count last 6Q
+20 new funds entered over the past year (+11% 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
120 buying95 selling
Last quarter: 120 funds bought or added vs 95 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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More new buyers each quarter (+11 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 49 → 44 → 27 → 38. A growing number of new institutional buyers means the stock is still being discovered — the opportunity hasn't been fully priced in.
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Mixed — 35% long-term, 26% new
■ 35% conviction (2yr+)
■ 39% medium
■ 26% new
Of the 198 current holders: 69 (35%) held >2 years, 78 held 1–2 years, and 51 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
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Peak discovery — momentum slowing
33 → 49 → 44 → 27 → 38 new funds/Q
New funds entering each quarter: 49 → 44 → 27 → 38. The stock is well-known in the hedge fund world but new entries are declining. The easy phase of institutional discovery may be behind us.
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Mixed cohorts — 37% veterans, 37% new entrants
■ 37% veterans
■ 26% 1-2yr
■ 37% new
Of 202 current holders: 75 (37%) held 2+ years, 53 held 1–2 years, 74 (37%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Elite ownership — 42% AUM from top-100 funds
42% from top-100 AUM funds
33 of 198 holders are among the 100 largest funds by AUM, controlling 42% 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 3.2/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.