Based on 144 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 SYRE 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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At the ownership peak (100% of max)
100% of all-time peak
144 hedge funds hold SYRE 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 classic 'crowded trade' — high popularity doesn't equal safety.
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Steady growth — +16% more funds vs a year ago
fund count last 6Q
+20 new funds entered over the past year (+16% 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
102 buying40 selling
Last quarter: 102 funds were net buyers (30 opened a brand new position + 72 added to an existing one). Only 40 were sellers (26 trimmed + 14 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 SYRE position: 21 → 18 → 19 → 30. 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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Mostly new holders — 24% entered in last year
■ 24% conviction (2yr+)
■ 51% medium
■ 24% new
Only 35 funds (24%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
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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
30 → 21 → 18 → 19 → 30 new funds/Q
New funds entering each quarter: 21 → 18 → 19 → 30. A growing number of institutions are discovering SYRE each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Mixed cohorts — 18% veterans, 37% new entrants
■ 18% veterans
■ 45% 1-2yr
■ 37% new
Of 147 current holders: 27 (18%) held 2+ years, 66 held 1–2 years, 54 (37%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Elite ownership — 40% AUM from top-100 funds
40% from top-100 AUM funds
31 of 144 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in SYRE. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.