Based on 39 hedge funds · latest filing: 2022 Q2 · 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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Below peak — only 64% of 3.0Y high
64% of all-time peak
Only 39 funds hold this stock today versus a peak of 61 funds at 2020 Q2 — just 64% 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.
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Outflows — 24% fewer funds vs a year ago
fund count last 6Q
12 fewer hedge funds hold this stock compared to a year ago (-24% decline). When institutions consistently reduce exposure, it's worth asking what they know that retail investors don't.
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More buyers than sellers — 62% buying
23 buying14 selling
Last quarter: 23 funds were net buyers (11 opened a brand new position + 12 added to an existing one). Only 14 were sellers (7 trimmed + 7 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+10 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 2 → 6 → 1 → 11. 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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Growing discovery — still being found
8 → 2 → 6 → 1 → 11 new funds/Q
New funds entering each quarter: 2 → 6 → 1 → 11. A growing number of institutions are discovering this stock each quarter. The idea is still spreading — there is room for more buyers to enter.
Exit risk score 1.2/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.