Based on 97 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added THQ 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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High ownership — 93% of 3.0Y peak
93% of all-time peak
97 funds currently hold this stock — 93% of the 3.0-year high of 104 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Stable — ownership unchanged year-over-year
fund count last 6Q
The number of hedge funds holding THQ is almost the same as a year ago (-2 funds, -2% change). No significant rush to buy or sell — institutional backing is holding steady.
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More buyers than sellers — 62% buying
56 buying34 selling
Last quarter: 56 funds were net buyers (19 opened a brand new position + 37 added to an existing one). Only 34 were sellers (25 trimmed + 9 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+6 vs last Q)
new funds entering per quarter
Funds opening a new THQ position: 19 → 5 → 13 → 19. 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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57% of holders stayed for 2+ years
■ 57% conviction (2yr+)
■ 24% medium
■ 20% new
55 out of 97 hedge funds have held THQ 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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Growing discovery — still being found
19 → 19 → 5 → 13 → 19 new funds/Q
New funds entering each quarter: 19 → 5 → 13 → 19. A growing number of institutions are discovering THQ each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Veteran-anchored — 59% veterans vs 28% newcomers
■ 59% veterans
■ 13% 1-2yr
■ 28% new
Entry-cohort mix of 97 holders: 57 (59%) are 2+ year veterans, 13 entered 1–2 years ago, and 27 (28%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 51% AUM from top-100 funds
51% from top-100 AUM funds
11 of 97 holders are among the 100 largest funds by AUM, controlling 51% of total institutional value in THQ. 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 3.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.