Based on 67 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added YLD 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
67 hedge funds hold YLD 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 — +37% more funds vs a year ago
fund count last 6Q
+18 new funds entered over the past year (+37% 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 — 64% buying
44 buying25 selling
Last quarter: 44 funds were net buyers (11 opened a brand new position + 33 added to an existing one). Only 25 were sellers (19 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.
➡️
Steady new buyers — ~11 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 13 → 9 → 10 → 11. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌
Mixed — 39% long-term, 31% new
■ 39% conviction (2yr+)
■ 30% medium
■ 31% new
Of the 67 current holders: 26 (39%) held >2 years, 20 held 1–2 years, and 21 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 — ~11 new funds/quarter
7 → 13 → 9 → 10 → 11 new funds/Q
New funds entering each quarter: 13 → 9 → 10 → 11. Consistent flow of new institutional buyers without clear acceleration or slowdown.
📊
Mixed cohorts — 31% veterans, 42% new entrants
■ 31% veterans
■ 27% 1-2yr
■ 42% new
Of 67 current holders: 21 (31%) held 2+ years, 18 held 1–2 years, 28 (42%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆
Elite ownership — 50% AUM from top-100 funds
50% from top-100 AUM funds
10 of 67 holders are among the 100 largest funds by AUM, controlling 50% of total institutional value in YLD. 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.