Based on 270 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 2 quarters in a row
For 2 consecutive quarters, 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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At the ownership peak (100% of max)
100% of all-time peak
270 hedge funds hold this stock 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 'crowded trade' — high ownership doesn't mean safe.
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Steady growth — +13% more funds vs a year ago
fund count last 6Q
+31 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 — 72% buying
196 buying77 selling
Last quarter: 196 funds were net buyers (48 opened a brand new position + 148 added to an existing one). Only 77 were sellers (57 trimmed + 20 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+17 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 26 → 22 → 31 → 48. 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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54% of holders stayed for 2+ years
■ 54% conviction (2yr+)
■ 23% medium
■ 24% new
145 out of 270 hedge funds have held this stock for over 2 years without selling. Long-term holders are harder to shake out during market dips — they represent a stable ownership base that reduces the risk of sudden mass selling.
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Acceleration phase — new buyers rushing in
39 → 26 → 22 → 31 → 48 new funds/Q
New funds entering each quarter: 26 → 22 → 31 → 48. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
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Deep conviction — 55% of holders stayed 2+ years
■ 55% veterans
■ 14% 1-2yr
■ 31% new
Of 270 current holders: 148 (55%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
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Elite ownership — 49% AUM from top-100 funds
49% from top-100 AUM funds
15 of 270 holders are among the 100 largest funds by AUM, controlling 49% of total institutional value in this stock. When the biggest players hold the majority of a position, it reflects deep institutional conviction — large funds have the most resources for due diligence and the most at stake.
Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.