Based on 208 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added VERA 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.
🏔️
At the ownership peak (100% of max)
100% of all-time peak
208 hedge funds hold VERA right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀
Fast accumulation — +22% more funds vs a year ago
fund count last 6Q
+38 new funds entered over the past year (+22% 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.
🟢
More buyers than sellers — 64% buying
143 buying80 selling
Last quarter: 143 funds were net buyers (65 opened a brand new position + 78 added to an existing one). Only 80 were sellers (59 trimmed + 21 sold completely). A clear majority buying is a strong confirmation signal.
📈
More new buyers each quarter (+34 vs last Q)
new funds entering per quarter
Funds opening a new VERA position: 32 → 36 → 31 → 65. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌
Mixed — 32% long-term, 33% new
■ 32% conviction (2yr+)
■ 35% medium
■ 33% new
Of the 208 current holders: 67 (32%) held >2 years, 72 held 1–2 years, and 69 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💰
Value +98% but shares only +15% — price-driven
Last quarter: the total dollar value of institutional holdings rose +98%, but actual share count only changed +15%. 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.
📈
Growing discovery — still being found
28 → 32 → 36 → 31 → 65 new funds/Q
New funds entering each quarter: 32 → 36 → 31 → 65. A growing number of institutions are discovering VERA each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
📊
Mixed cohorts — 37% veterans, 36% new entrants
■ 37% veterans
■ 27% 1-2yr
■ 36% new
Of 215 current holders: 80 (37%) held 2+ years, 57 held 1–2 years, 78 (36%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅
Strong quality — 26% AUM from major funds
26% from top-100 AUM funds
31 of 208 holders rank in the top 100 by AUM, accounting for 26% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.