Based on 30 hedge funds · latest filing: 2026 Q1 · updated quarterly
📈
Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added WATT 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.
🔻
Below peak — only 58% of 3.0Y high
58% of all-time peak
Only 30 funds hold WATT today versus a peak of 52 funds at 2023 Q2 — just 58% 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.
📉
Outflows — 9% fewer funds vs a year ago
fund count last 6Q
3 fewer hedge funds hold WATT compared to a year ago (-9% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟢
More buyers than sellers — 75% buying
24 buying8 selling
Last quarter: 24 funds were net buyers (19 opened a brand new position + 5 added to an existing one). Only 8 were sellers (3 trimmed + 5 sold completely). A clear majority buying is a strong confirmation signal.
📈
More new buyers each quarter (+16 vs last Q)
new funds entering per quarter
Funds opening a new WATT position: 10 → 4 → 3 → 19. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒
47% of holders stayed for 2+ years
■ 47% conviction (2yr+)
■ 10% medium
■ 43% new
14 out of 30 hedge funds have held WATT 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.
💰
Value +4251% but shares only +1019% — price-driven
Last quarter: the total dollar value of institutional holdings rose +4251%, but actual share count only changed +1019%. 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.
🚀
Acceleration phase — new buyers rushing in
10 → 10 → 4 → 3 → 19 new funds/Q
New funds entering each quarter: 10 → 4 → 3 → 19. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️
Veteran-anchored — 50% veterans vs 43% newcomers
■ 50% veterans
■ 7% 1-2yr
■ 43% new
Entry-cohort mix of 30 holders: 15 (50%) are 2+ year veterans, 2 entered 1–2 years ago, and 13 (43%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋
Smaller funds dominant — 14% AUM from top-100
14% from top-100 AUM funds
7 of 29 holders rank in the top 100 by AUM, but together hold only 14% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
Exit risk score 2.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.