Based on 128 hedge funds · latest filing: 2026 Q2 · updated quarterly
📈
Buying streak — 4 quarters in a row
For 4 consecutive quarters, more hedge funds added XTL 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
128 hedge funds hold XTL 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 — +172% more funds vs a year ago
fund count last 6Q
+81 new funds entered over the past year (+172% 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 — 66% buying
89 buying46 selling
Last quarter: 89 funds were net buyers (51 opened a brand new position + 38 added to an existing one). Only 46 were sellers (28 trimmed + 18 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+18 vs last Q)
new funds entering per quarter
Funds opening a new XTL position: 14 → 13 → 33 → 51. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌
Mixed — 32% long-term, 48% new
■ 32% conviction (2yr+)
■ 20% medium
■ 48% new
Of the 128 current holders: 41 (32%) held >2 years, 25 held 1–2 years, and 62 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.
💰
Value +31% but shares only +7% — price-driven
Last quarter: the total dollar value of institutional holdings rose +31%, but actual share count only changed +7%. 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.
🚀
Acceleration phase — new buyers rushing in
10 → 14 → 13 → 33 → 51 new funds/Q
New funds entering each quarter: 14 → 13 → 33 → 51. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
📊
Mixed cohorts — 38% veterans, 51% new entrants
■ 38% veterans
■ 11% 1-2yr
■ 51% new
Of 133 current holders: 50 (38%) held 2+ years, 15 held 1–2 years, 68 (51%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆
Elite ownership — 46% AUM from top-100 funds
46% from top-100 AUM funds
21 of 127 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in XTL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
6.0
out of 10
Moderate Exit Risk
Exit risk score 6.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.