Based on 44 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Selling streak — 3 quarters in a row
For 3 consecutive quarters, more hedge funds reduced or closed their YSG positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
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Below peak — only 68% of 3.0Y high
68% of all-time peak
Only 44 funds hold YSG today versus a peak of 65 funds at 2025 Q3 — just 68% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
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Outflows — 6% fewer funds vs a year ago
fund count last 6Q
3 fewer hedge funds hold YSG compared to a year ago (-6% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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Heavy selling pressure — only 35% buying
17 buying31 selling
Last quarter: 31 funds sold vs only 17 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️
Steady new buyers — ~8 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 27 → 14 → 6 → 8. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Mixed — 39% long-term, 30% new
■ 39% conviction (2yr+)
■ 32% medium
■ 30% new
Of the 44 current holders: 17 (39%) held >2 years, 14 held 1–2 years, and 13 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.
⚠️
Saturation — most institutions already know this story
18 → 27 → 14 → 6 → 8 new funds/Q
New funds entering each quarter: 27 → 14 → 6 → 8. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.
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Veteran-anchored — 52% veterans vs 27% newcomers
■ 52% veterans
■ 20% 1-2yr
■ 27% new
Entry-cohort mix of 44 holders: 23 (52%) are 2+ year veterans, 9 entered 1–2 years ago, and 12 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 42% AUM from top-100 funds
42% from top-100 AUM funds
17 of 44 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in YSG. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
Exit risk score 2.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.