Based on 48 hedge funds · latest filing: 2025 Q4 · updated quarterly
📉
Selling streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds reduced or closed their ULTY positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🔻
Below peak — only 48% of 2.2Y high
48% of all-time peak
Only 48 funds hold ULTY today versus a peak of 101 funds at 2025 Q3 — just 48% 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.
🚀
Fast accumulation — +100% more funds vs a year ago
fund count last 6Q
+24 new funds entered over the past year (+100% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🔴
Heavy selling pressure — only 13% buying
15 buying99 selling
Last quarter: 99 funds sold vs only 15 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️
Fewer new buyers each quarter (-58 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 5 → 29 → 69 → 11. 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.
🔄
Mostly new holders — 71% entered in last year
■ 6% conviction (2yr+)
■ 23% medium
■ 71% new
Only 3 funds (6%) 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.
💰
Price up while funds trimmed (+73% value, -74% shares)
Last quarter: total value of institutional ULTY holdings rose +73% even though funds reduced share count by 74%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
📈
Growing discovery — still being found
14 → 5 → 29 → 69 → 11 new funds/Q
New funds entering each quarter: 5 → 29 → 69 → 11. A growing number of institutions are discovering ULTY each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱
Early stage — 70% of holders entered in last year
■ 2% veterans
■ 28% 1-2yr
■ 70% new
Of 53 current holders: 37 (70%) entered in the past year, only 1 (2%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
📋
Smaller funds dominant — 6% AUM from top-100
6% from top-100 AUM funds
5 of 48 holders rank in the top 100 by AUM, but together hold only 6% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
6.0
out of 10
Moderate Exit Risk
Exit risk score 6.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.