Based on 68 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added TWFG 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 — 86% of 3.0Y peak
86% of all-time peak
68 funds currently hold this stock — 86% of the 3.0-year high of 79 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 7% fewer funds vs a year ago
fund count last 6Q
5 fewer hedge funds hold TWFG compared to a year ago (-7% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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Slight buying edge — 56% buying
39 buying31 selling
Last quarter: 39 funds bought or added vs 31 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.
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Steady new buyers — ~13 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 11 → 20 → 11 → 13. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Mostly new holders — 34% entered in last year
■ 7% conviction (2yr+)
■ 59% medium
■ 34% new
Only 5 funds (7%) 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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Peak discovery — momentum slowing
21 → 11 → 20 → 11 → 13 new funds/Q
New funds entering each quarter: 11 → 20 → 11 → 13. TWFG is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
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Mixed cohorts — 7% veterans, 44% new entrants
■ 7% veterans
■ 49% 1-2yr
■ 44% new
Of 68 current holders: 5 (7%) held 2+ years, 33 held 1–2 years, 30 (44%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Elite ownership — 50% AUM from top-100 funds
50% from top-100 AUM funds
21 of 68 holders are among the 100 largest funds by AUM, controlling 50% of total institutional value in TWFG. 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.