Based on 78 hedge funds · latest filing: 2025 Q4 · updated quarterly
📉
Selling streak — 3 quarters in a row
For 3 consecutive quarters, 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 — 80% of 3.0Y peak
80% of all-time peak
78 funds currently hold this stock — 80% of the 3.0-year high of 97 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉
Outflows — 20% fewer funds vs a year ago
fund count last 6Q
19 fewer hedge funds hold this stock compared to a year ago (-20% decline). When institutions consistently reduce exposure, it's worth asking what they know that retail investors don't.
🟠
More sellers than buyers — 44% buying
37 buying47 selling
Last quarter: 47 funds reduced or exited vs 37 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.
📈
More new buyers each quarter (+6 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 23 → 18 → 8 → 14. A growing number of new institutional buyers means the stock is still being discovered — the opportunity hasn't been fully priced in.
🔒
47% of holders stayed for 2+ years
■ 47% conviction (2yr+)
■ 36% medium
■ 17% new
37 out of 78 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.
💎
Buying through price weakness — shares +5%, value -15%
Last quarter: funds added +5% more shares while total portfolio value only changed -15%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
⚠️
Saturation — most institutions already know this story
21 → 23 → 18 → 8 → 14 new funds/Q
New funds entering each quarter: 23 → 18 → 8 → 14. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.
🏛️
Deep conviction — 55% of holders stayed 2+ years
■ 55% veterans
■ 23% 1-2yr
■ 23% new
Of 84 current holders: 46 (55%) 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.
✅
Strong quality — 22% from major AUM funds
22% from top-100 AUM funds
17 of 78 current holders rank in the top 100 by AUM. A meaningful share of the ownership base comes from the most well-resourced institutions.
Exit risk score 2.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.