Based on 431 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Buying streak — 3 quarters in a row
For 3 consecutive quarters, more hedge funds added TGTX 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
431 hedge funds hold TGTX 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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Fast accumulation — +21% more funds vs a year ago
fund count last 6Q
+76 new funds entered over the past year (+21% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
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More buyers than sellers — 60% buying
260 buying172 selling
Last quarter: 260 funds were net buyers (108 opened a brand new position + 152 added to an existing one). Only 172 were sellers (129 trimmed + 43 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+37 vs last Q)
new funds entering per quarter
Funds opening a new TGTX position: 45 → 64 → 71 → 108. 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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45% of holders stayed for 2+ years
■ 45% conviction (2yr+)
■ 29% medium
■ 26% new
195 out of 431 hedge funds have held TGTX for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
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Value +74% but shares only +13% — price-driven
Last quarter: the total dollar value of institutional holdings rose +74%, but actual share count only changed +13%. 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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Acceleration phase — new buyers rushing in
46 → 45 → 64 → 71 → 108 new funds/Q
New funds entering each quarter: 45 → 64 → 71 → 108. 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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Veteran-anchored — 55% veterans vs 24% newcomers
■ 55% veterans
■ 20% 1-2yr
■ 24% new
Entry-cohort mix of 458 holders: 254 (55%) are 2+ year veterans, 93 entered 1–2 years ago, and 111 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 57% AUM from top-100 funds
57% from top-100 AUM funds
54 of 425 holders are among the 100 largest funds by AUM, controlling 57% of total institutional value in TGTX. 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 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.