Based on 34 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 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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High ownership — 72% of 3.0Y peak
72% of all-time peak
34 funds currently hold this stock — 72% of the 3.0-year high of 47 funds (reached 2021 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Steady growth — +13% more funds vs a year ago
fund count last 6Q
+4 new funds entered over the past year (+13% 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 — 60% buying
21 buying14 selling
Last quarter: 21 funds were net buyers (13 opened a brand new position + 8 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 (+10 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 9 → 4 → 3 → 13. 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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Value +105% but shares only +51% — price-driven
Last quarter: the total dollar value of institutional holdings rose +105%, but actual share count only changed +51%. 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 → 13 new funds/Q
New funds entering each quarter: 9 → 4 → 3 → 13. 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 1.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.