Based on 596 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Selling streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds reduced or closed their UHS positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
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High ownership — 87% of 3.0Y peak
87% of all-time peak
596 funds currently hold this stock — 87% of the 3.0-year high of 682 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️
Stable — ownership unchanged year-over-year
fund count last 6Q
The number of hedge funds holding UHS is almost the same as a year ago (-20 funds, -3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠
More sellers than buyers — 44% buying
293 buying369 selling
Last quarter: 369 funds reduced or exited vs 293 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️
Steady new buyers — ~75 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 97 → 127 → 76 → 75. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒
64% of holders stayed for 2+ years
■ 64% conviction (2yr+)
■ 20% medium
■ 16% new
384 out of 596 hedge funds have held UHS 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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Buying through price weakness — shares +19%, value -15%
Last quarter: funds added +19% more shares while total portfolio value only changed -15%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
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Peak discovery — momentum slowing
86 → 97 → 127 → 76 → 75 new funds/Q
New funds entering each quarter: 97 → 127 → 76 → 75. UHS is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️
Veteran-anchored — 68% veterans vs 19% newcomers
■ 68% veterans
■ 13% 1-2yr
■ 19% new
Entry-cohort mix of 612 holders: 419 (68%) are 2+ year veterans, 78 entered 1–2 years ago, and 115 (19%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆
Elite ownership — 53% AUM from top-100 funds
53% from top-100 AUM funds
63 of 595 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in UHS. 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 3.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.