Based on 16 hedge funds · latest filing: 2026 Q2 · updated quarterly
📈
Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added SQFT 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.
🔻
Below peak — only 48% of 3.0Y high
48% of all-time peak
Only 16 funds hold SQFT today versus a peak of 33 funds at 2024 Q2 — just 48% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
🚀
Fast accumulation — +23% more funds vs a year ago
fund count last 6Q
+3 new funds entered over the past year (+23% 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.
🟢
More buyers than sellers — 67% buying
10 buying5 selling
Last quarter: 10 funds were net buyers (9 opened a brand new position + 1 added to an existing one). Only 5 were sellers (2 trimmed + 3 sold completely). A clear majority buying is a strong confirmation signal.
📈
More new buyers each quarter (+8 vs last Q)
new funds entering per quarter
Funds opening a new SQFT position: 3 → 4 → 1 → 9. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒
50% of holders stayed for 2+ years
■ 50% conviction (2yr+)
■ 12% medium
■ 38% new
8 out of 16 hedge funds have held SQFT 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.
💰
Value +170% but shares only +152% — price-driven
Last quarter: the total dollar value of institutional holdings rose +170%, but actual share count only changed +152%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
➡️
Steady discovery — ~9 new funds/quarter
0 → 3 → 4 → 1 → 9 new funds/Q
New funds entering each quarter: 3 → 4 → 1 → 9. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️
Veteran-anchored — 62% veterans vs 38% newcomers
■ 62% veterans
■ 0% 1-2yr
■ 38% new
Entry-cohort mix of 16 holders: 10 (62%) are 2+ year veterans, 0 entered 1–2 years ago, and 6 (38%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆
Elite ownership — 64% AUM from top-100 funds
64% from top-100 AUM funds
7 of 16 holders are among the 100 largest funds by AUM, controlling 64% of total institutional value in SQFT. 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 1.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.