Based on 438 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 2 quarters in a row
For 2 consecutive quarters, 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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At the ownership peak (100% of max)
100% of all-time peak
438 hedge funds hold this stock 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 'crowded trade' — high ownership doesn't mean safe.
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Steady growth — +17% more funds vs a year ago
fund count last 6Q
+65 new funds entered over the past year (+17% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
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More buyers than sellers — 64% buying
283 buying157 selling
Last quarter: 283 funds were net buyers (58 opened a brand new position + 225 added to an existing one). Only 157 were sellers (124 trimmed + 33 sold completely). A clear majority buying is a strong confirmation signal.
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Steady new buyers — ~58 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 58 → 50 → 63 → 58. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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43% of holders stayed for 2+ years
■ 43% conviction (2yr+)
■ 34% medium
■ 23% new
188 out of 438 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
71 → 58 → 50 → 63 → 58 new funds/Q
New funds entering each quarter: 58 → 50 → 63 → 58. 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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Mixed cohorts — 38% veterans, 31% new entrants
■ 38% veterans
■ 30% 1-2yr
■ 31% new
Of 438 current holders: 168 (38%) held 2+ years, 133 held 1–2 years, 137 (31%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Smaller funds dominant — 5% top-100 AUM
5% from top-100 AUM funds
Only 22 of 438 current holders rank in the top 100 by AUM. The stock is held mostly by smaller and mid-sized funds — the largest institutional players haven't yet built significant positions.
Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.