Based on 127 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
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.
🏔️
At the ownership peak (100% of max)
100% of all-time peak
127 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.
📶
Steady growth — +19% more funds vs a year ago
fund count last 6Q
+20 new funds entered over the past year (+19% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢
More buyers than sellers — 70% buying
87 buying38 selling
Last quarter: 87 funds were net buyers (26 opened a brand new position + 61 added to an existing one). Only 38 were sellers (25 trimmed + 13 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+8 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 20 → 15 → 18 → 26. A growing number of new institutional buyers means the stock is still being discovered — the opportunity hasn't been fully priced in.
📌
Mixed — 27% long-term, 25% new
■ 27% conviction (2yr+)
■ 48% medium
■ 25% new
Of the 127 current holders: 34 (27%) held >2 years, 61 held 1–2 years, and 32 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💰
Value +144% but shares only +26% — price-driven
Last quarter: the total dollar value of institutional holdings rose +144%, but actual share count only changed +26%. 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
24 → 20 → 15 → 18 → 26 new funds/Q
New funds entering each quarter: 20 → 15 → 18 → 26. A growing number of institutions are discovering this stock each quarter. The idea is still spreading — there is room for more buyers to enter.
📊
Mixed cohorts — 21% veterans, 37% new entrants
■ 21% veterans
■ 42% 1-2yr
■ 37% new
Of 130 current holders: 27 (21%) held 2+ years, 55 held 1–2 years, 48 (37%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅
Strong quality — 21% from major AUM funds
21% from top-100 AUM funds
27 of 127 current holders rank in the top 100 by AUM. A meaningful share of the ownership base comes from the most well-resourced institutions.
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.