Based on 41 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 4 quarters in a row
For 4 consecutive quarters, more hedge funds added XSVN 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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High ownership — 93% of 3.0Y peak
93% of all-time peak
41 funds currently hold this stock — 93% of the 3.0-year high of 44 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀
Fast accumulation — +58% more funds vs a year ago
fund count last 6Q
+15 new funds entered over the past year (+58% 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 — 71% buying
32 buying13 selling
Last quarter: 32 funds were net buyers (12 opened a brand new position + 20 added to an existing one). Only 13 were sellers (6 trimmed + 7 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+6 vs last Q)
new funds entering per quarter
Funds opening a new XSVN position: 7 → 12 → 6 → 12. 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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Mostly new holders — 41% entered in last year
■ 20% conviction (2yr+)
■ 39% medium
■ 41% new
Only 8 funds (20%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
➡️
Steady discovery — ~12 new funds/quarter
5 → 7 → 12 → 6 → 12 new funds/Q
New funds entering each quarter: 7 → 12 → 6 → 12. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Mixed cohorts — 12% veterans, 54% new entrants
■ 12% veterans
■ 34% 1-2yr
■ 54% new
Of 41 current holders: 5 (12%) held 2+ years, 14 held 1–2 years, 22 (54%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆
Elite ownership — 43% AUM from top-100 funds
43% from top-100 AUM funds
5 of 41 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in XSVN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.3
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.