Based on 307 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Buying streak — 4 quarters in a row
For 4 consecutive quarters, more hedge funds added WRBY 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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At the ownership peak (100% of max)
100% of all-time peak
307 hedge funds hold WRBY 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.
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Fast accumulation — +24% more funds vs a year ago
fund count last 6Q
+59 new funds entered over the past year (+24% 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.
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Slight buying edge — 58% buying
203 buying146 selling
Last quarter: 203 funds bought or added vs 146 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 — ~71 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 52 → 90 → 66 → 71. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Mixed — 37% long-term, 36% new
■ 37% conviction (2yr+)
■ 28% medium
■ 36% new
Of the 307 current holders: 113 (37%) held >2 years, 85 held 1–2 years, and 109 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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Value +86% but shares only +28% — price-driven
Last quarter: the total dollar value of institutional holdings rose +86%, but actual share count only changed +28%. 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 — ~71 new funds/quarter
50 → 52 → 90 → 66 → 71 new funds/Q
New funds entering each quarter: 52 → 90 → 66 → 71. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 42% veterans vs 39% newcomers
■ 42% veterans
■ 19% 1-2yr
■ 39% new
Entry-cohort mix of 327 holders: 136 (42%) are 2+ year veterans, 62 entered 1–2 years ago, and 129 (39%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 57% AUM from top-100 funds
57% from top-100 AUM funds
53 of 304 holders are among the 100 largest funds by AUM, controlling 57% of total institutional value in WRBY. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.