Based on 15 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 UBT 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 — 71% of 3.0Y peak
71% of all-time peak
15 funds currently hold this stock — 71% of the 3.0-year high of 21 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Steady growth — +7% more funds vs a year ago
fund count last 6Q
+1 new funds entered over the past year (+7% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction. The peak was reached in just 4 quarters from the low — a sharp move.
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More buyers than sellers — 75% buying
9 buying3 selling
Last quarter: 9 funds were net buyers (5 opened a brand new position + 4 added to an existing one). Only 3 were sellers (2 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.
➡️
Steady new buyers — ~5 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 4 → 2 → 2 → 5. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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40% of holders stayed for 2+ years
■ 40% conviction (2yr+)
■ 20% medium
■ 40% new
6 out of 15 hedge funds have held UBT 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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Steady discovery — ~5 new funds/quarter
5 → 4 → 2 → 2 → 5 new funds/Q
New funds entering each quarter: 4 → 2 → 2 → 5. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 44% veterans vs 44% newcomers
■ 44% veterans
■ 12% 1-2yr
■ 44% new
Entry-cohort mix of 16 holders: 7 (44%) are 2+ year veterans, 2 entered 1–2 years ago, and 7 (44%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 47% AUM from top-100 funds
47% from top-100 AUM funds
4 of 14 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in UBT. 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 2.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.