Based on 296 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added XMTR 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
296 hedge funds hold XMTR 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 — +50% more funds vs a year ago
fund count last 6Q
+99 new funds entered over the past year (+50% 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 — 59% buying
183 buying125 selling
Last quarter: 183 funds bought or added vs 125 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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More new buyers each quarter (+39 vs last Q)
new funds entering per quarter
Funds opening a new XMTR position: 72 → 57 → 44 → 83. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
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Mixed — 36% long-term, 32% new
■ 36% conviction (2yr+)
■ 32% medium
■ 32% new
Of the 296 current holders: 107 (36%) held >2 years, 94 held 1–2 years, and 95 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 +160% but shares only +20% — price-driven
Last quarter: the total dollar value of institutional holdings rose +160%, but actual share count only changed +20%. 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 — ~83 new funds/quarter
45 → 72 → 57 → 44 → 83 new funds/Q
New funds entering each quarter: 72 → 57 → 44 → 83. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 49% veterans vs 35% newcomers
■ 49% veterans
■ 17% 1-2yr
■ 35% new
Entry-cohort mix of 307 holders: 149 (49%) are 2+ year veterans, 51 entered 1–2 years ago, and 107 (35%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 53% AUM from top-100 funds
53% from top-100 AUM funds
55 of 292 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in XMTR. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.