Based on 651 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added UNM 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 — 94% of 3.0Y peak
94% of all-time peak
651 funds currently hold this stock — 94% of the 3.0-year high of 694 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Stable — ownership unchanged year-over-year
fund count last 6Q
The number of hedge funds holding UNM is almost the same as a year ago (+3 funds, +0% change). No significant rush to buy or sell — institutional backing is holding steady.
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More sellers than buyers — 47% buying
298 buying340 selling
Last quarter: 340 funds reduced or exited vs 298 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.
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More new buyers each quarter (+46 vs last Q)
new funds entering per quarter
Funds opening a new UNM position: 105 → 79 → 56 → 102. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
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64% of holders stayed for 2+ years
■ 64% conviction (2yr+)
■ 21% medium
■ 14% new
419 out of 651 hedge funds have held UNM 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 — ~102 new funds/quarter
107 → 105 → 79 → 56 → 102 new funds/Q
New funds entering each quarter: 105 → 79 → 56 → 102. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Deep conviction — 68% of holders stayed 2+ years
■ 68% veterans
■ 12% 1-2yr
■ 20% new
Of 665 current holders: 454 (68%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
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Elite ownership — 56% AUM from top-100 funds
56% from top-100 AUM funds
41 of 651 holders are among the 100 largest funds by AUM, controlling 56% of total institutional value in UNM. 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 3.2/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.