Based on 110 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added this stock 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 trade.
🏔️
At the ownership peak (100% of max)
100% of all-time peak
110 hedge funds hold this stock 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 'crowded trade' — high ownership doesn't mean safe.
📶
Steady growth — +16% more funds vs a year ago
fund count last 6Q
+15 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.
🟡
Slight buying edge — 57% buying
59 buying44 selling
Last quarter: 59 funds bought or added vs 44 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 (+14 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 19 → 17 → 8 → 22. A growing number of new institutional buyers means the stock is still being discovered — the opportunity hasn't been fully priced in.
📌
Mixed — 37% long-term, 29% new
■ 37% conviction (2yr+)
■ 34% medium
■ 29% new
Of the 110 current holders: 41 (37%) held >2 years, 37 held 1–2 years, and 32 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.
💰
Value +90% but shares only +1% — price-driven
Last quarter: the total dollar value of institutional holdings rose +90%, but actual share count only changed +1%. 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.
📊
Peak discovery — momentum slowing
26 → 19 → 17 → 8 → 22 new funds/Q
New funds entering each quarter: 19 → 17 → 8 → 22. The stock is well-known in the hedge fund world but new entries are declining. The easy phase of institutional discovery may be behind us.
📊
Mixed cohorts — 39% veterans, 43% new entrants
■ 39% veterans
■ 18% 1-2yr
■ 43% new
Of 110 current holders: 43 (39%) held 2+ years, 20 held 1–2 years, 47 (43%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅
Strong quality — 24% from major AUM funds
24% from top-100 AUM funds
26 of 110 current holders rank in the top 100 by AUM. A meaningful share of the ownership base comes from the most well-resourced institutions.
Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.