Based on 36 hedge funds · latest filing: 2023 Q4 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added SRT 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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Below peak — only 65% of 3.0Y high
65% of all-time peak
Only 36 funds hold SRT today versus a peak of 55 funds at 2021 Q4 — just 65% 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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Steady growth — +12% more funds vs a year ago
fund count last 6Q
+4 new funds entered over the past year (+12% 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 — 62% buying
23 buying14 selling
Last quarter: 23 funds were net buyers (14 opened a brand new position + 9 added to an existing one). Only 14 were sellers (8 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+11 vs last Q)
new funds entering per quarter
Funds opening a new SRT position: 9 → 4 → 3 → 14. 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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Value +108% but shares only +54% — price-driven
Last quarter: the total dollar value of institutional holdings rose +108%, but actual share count only changed +54%. 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.
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Growing discovery — still being found
8 → 9 → 4 → 3 → 14 new funds/Q
New funds entering each quarter: 9 → 4 → 3 → 14. A growing number of institutions are discovering SRT each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
Exit risk score 1.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.