Based on 1 hedge funds · latest filing: 2002 Q1 · updated quarterly
📉
Selling streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds reduced or closed this position than added to it. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams deciding to exit.
🔻
Below peak — only 1% of 3.0Y high
1% of all-time peak
Only 1 funds hold this stock today versus a peak of 70 funds at 2001 Q4 — just 1% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📉
Outflows — 98% fewer funds vs a year ago
fund count last 6Q
65 fewer hedge funds hold this stock compared to a year ago (-98% decline). When institutions consistently reduce exposure, it's worth asking what they know that retail investors don't.
🔴
Heavy selling pressure — only 0% buying
0 buying69 selling
Last quarter: 69 funds sold vs only 0 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️
Fewer new buyers each quarter (-16 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 16 → 3 → 16 → 0. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
📊
Peak discovery — momentum slowing
13 → 16 → 3 → 16 → 0 new funds/Q
New funds entering each quarter: 16 → 3 → 16 → 0. 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.
Exit risk score 2.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.