Based on 192 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 4 quarters in a row
For 4 consecutive quarters, more hedge funds added TMC 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.
🏔️
At the ownership peak (100% of max)
100% of all-time peak
192 hedge funds hold TMC 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.
🚀
Fast accumulation — +146% more funds vs a year ago
fund count last 6Q
+114 new funds entered over the past year (+146% 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.
🟡
Slight buying edge — 56% buying
105 buying83 selling
Last quarter: 105 funds bought or added vs 83 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈
More new buyers each quarter (+9 vs last Q)
new funds entering per quarter
Funds opening a new TMC position: 30 → 71 → 46 → 55. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌
Mixed — 28% long-term, 49% new
■ 28% conviction (2yr+)
■ 22% medium
■ 49% new
Of the 192 current holders: 54 (28%) held >2 years, 43 held 1–2 years, and 95 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.
➡️
Steady discovery — ~55 new funds/quarter
10 → 30 → 71 → 46 → 55 new funds/Q
New funds entering each quarter: 30 → 71 → 46 → 55. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️
Deep conviction — 40% of holders stayed 2+ years
■ 40% veterans
■ 9% 1-2yr
■ 51% new
Of 203 current holders: 81 (40%) 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.
📋
Smaller funds dominant — 9% AUM from top-100
9% from top-100 AUM funds
24 of 192 holders rank in the top 100 by AUM, but together hold only 9% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
5.5
out of 10
Moderate Exit Risk
Exit risk score 5.5/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.