Based on 148 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 this stock 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 trade.
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High ownership — 90% of 3.0Y peak
90% of all-time peak
148 funds currently hold this stock — 90% of the 3.0-year high of 164 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 10% fewer funds vs a year ago
fund count last 6Q
16 fewer hedge funds hold this stock compared to a year ago (-10% decline). When institutions consistently reduce exposure, it's worth asking what they know that retail investors don't.
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More buyers than sellers — 65% buying
103 buying56 selling
Last quarter: 103 funds were net buyers (32 opened a brand new position + 71 added to an existing one). Only 56 were sellers (31 trimmed + 25 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+7 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 19 → 28 → 25 → 32. A growing number of new institutional buyers means the stock is still being discovered — the opportunity hasn't been fully priced in.
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Mixed — 39% long-term, 27% new
■ 39% conviction (2yr+)
■ 34% medium
■ 27% new
Of the 148 current holders: 57 (39%) held >2 years, 51 held 1–2 years, and 40 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.
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Growing discovery — still being found
44 → 19 → 28 → 25 → 32 new funds/Q
New funds entering each quarter: 19 → 28 → 25 → 32. A growing number of institutions are discovering this stock each quarter. The idea is still spreading — there is room for more buyers to enter.
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Deep conviction — 46% of holders stayed 2+ years
■ 46% veterans
■ 21% 1-2yr
■ 33% new
Of 149 current holders: 69 (46%) 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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Smaller funds dominant — 16% top-100 AUM
16% from top-100 AUM funds
Only 23 of 148 current holders rank in the top 100 by AUM. The stock is held mostly by smaller and mid-sized funds — the largest institutional players haven't yet built significant positions.
Exit risk score 3.2/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.