Based on 58 hedge funds · latest filing: 2025 Q4 · updated quarterly
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No change last quarter
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
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High ownership — 77% of 3.0Y peak
77% of all-time peak
58 funds currently hold this stock — 77% of the 3.0-year high of 75 funds (reached 2024 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 13% fewer funds vs a year ago
fund count last 6Q
9 fewer hedge funds hold VTMX compared to a year ago (-13% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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Slight buying edge — 52% buying
29 buying27 selling
Last quarter: 29 funds bought or added vs 27 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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Steady new buyers — ~9 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 13 → 9 → 9 → 9. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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41% of holders stayed for 2+ years
■ 41% conviction (2yr+)
■ 38% medium
■ 21% new
24 out of 58 hedge funds have held VTMX 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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Peak discovery — momentum slowing
15 → 13 → 9 → 9 → 9 new funds/Q
New funds entering each quarter: 13 → 9 → 9 → 9. VTMX is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
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Mixed cohorts — 36% veterans, 34% new entrants
■ 36% veterans
■ 29% 1-2yr
■ 34% new
Of 58 current holders: 21 (36%) held 2+ years, 17 held 1–2 years, 20 (34%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Elite ownership — 62% AUM from top-100 funds
62% from top-100 AUM funds
13 of 58 holders are among the 100 largest funds by AUM, controlling 62% of total institutional value in VTMX. 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 2.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.