Based on 511 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Buying streak — 4 quarters in a row
For 4 consecutive quarters, more hedge funds added SPXC 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
511 hedge funds hold SPXC 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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Fast accumulation — +34% more funds vs a year ago
fund count last 6Q
+130 new funds entered over the past year (+34% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
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Slight buying edge — 53% buying
276 buying243 selling
Last quarter: 276 funds bought or added vs 243 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 (+34 vs last Q)
new funds entering per quarter
Funds opening a new SPXC position: 90 → 93 → 72 → 106. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
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45% of holders stayed for 2+ years
■ 45% conviction (2yr+)
■ 24% medium
■ 30% new
232 out of 511 hedge funds have held SPXC 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 — ~106 new funds/quarter
54 → 90 → 93 → 72 → 106 new funds/Q
New funds entering each quarter: 90 → 93 → 72 → 106. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 49% veterans vs 37% newcomers
■ 49% veterans
■ 14% 1-2yr
■ 37% new
Entry-cohort mix of 520 holders: 257 (49%) are 2+ year veterans, 73 entered 1–2 years ago, and 190 (37%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 56% AUM from top-100 funds
56% from top-100 AUM funds
65 of 510 holders are among the 100 largest funds by AUM, controlling 56% of total institutional value in SPXC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.