Based on 264 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 9 quarters in a row
For 9 consecutive quarters, more hedge funds added XSMO 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.
🏔️
At the ownership peak (100% of max)
100% of all-time peak
264 hedge funds hold XSMO 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.
🚀
Fast accumulation — +43% more funds vs a year ago
fund count last 6Q
+80 new funds entered over the past year (+43% 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.
🟢
More buyers than sellers — 69% buying
177 buying81 selling
Last quarter: 177 funds were net buyers (48 opened a brand new position + 129 added to an existing one). Only 81 were sellers (64 trimmed + 17 sold completely). A clear majority buying is a strong confirmation signal.
📈
More new buyers each quarter (+12 vs last Q)
new funds entering per quarter
Funds opening a new XSMO position: 42 → 42 → 36 → 48. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌
Mixed — 25% long-term, 33% new
■ 25% conviction (2yr+)
■ 43% medium
■ 33% new
Of the 264 current holders: 65 (25%) held >2 years, 113 held 1–2 years, and 86 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.
➡️
Steady discovery — ~48 new funds/quarter
40 → 42 → 42 → 36 → 48 new funds/Q
New funds entering each quarter: 42 → 42 → 36 → 48. Consistent flow of new institutional buyers without clear acceleration or slowdown.
📊
Mixed cohorts — 26% veterans, 48% new entrants
■ 26% veterans
■ 26% 1-2yr
■ 48% new
Of 264 current holders: 68 (26%) held 2+ years, 69 held 1–2 years, 127 (48%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅
Strong quality — 33% AUM from major funds
33% from top-100 AUM funds
15 of 264 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.3
out of 10
Moderate Exit Risk
Exit risk score 4.3/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.