Based on 20 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added USL 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 — 87% of 3.0Y peak
87% of all-time peak
20 funds currently hold this stock — 87% of the 3.0-year high of 23 funds (reached 2023 Q4). 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 USL is almost the same as a year ago (+0 funds, +0% change). No significant rush to buy or sell — institutional backing is holding steady.
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Slight buying edge — 56% buying
10 buying8 selling
Last quarter: 10 funds bought or added vs 8 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
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More new buyers each quarter (+7 vs last Q)
new funds entering per quarter
Funds opening a new USL position: 1 → 2 → 1 → 8. 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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75% of holders stayed for 2+ years
■ 75% conviction (2yr+)
■ 10% medium
■ 15% new
15 out of 20 hedge funds have held USL 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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Value +61% but shares only +38% — price-driven
Last quarter: the total dollar value of institutional holdings rose +61%, but actual share count only changed +38%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
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Steady discovery — ~8 new funds/quarter
2 → 1 → 2 → 1 → 8 new funds/Q
New funds entering each quarter: 1 → 2 → 1 → 8. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Deep conviction — 83% of holders stayed 2+ years
■ 83% veterans
■ 4% 1-2yr
■ 13% new
Of 23 current holders: 19 (83%) 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 — 83% AUM from top-100 funds
83% from top-100 AUM funds
9 of 20 holders are among the 100 largest funds by AUM, controlling 83% of total institutional value in USL. 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 2.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.