Based on 83 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added this stock 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 trade.
🏔️
At the ownership peak (99% of max)
99% of all-time peak
83 hedge funds hold this stock 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 'crowded trade' — high ownership doesn't mean safe.
〰️
Stable — ownership unchanged year-over-year
fund count last 6Q
The number of hedge funds holding this stock is almost the same as a year ago (+1 funds, +1% change). No significant rush to buy or sell — the institutional base is holding steady.
🔴
Heavy selling pressure — only 37% buying
29 buying49 selling
Last quarter: 49 funds sold vs only 29 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
📈
More new buyers each quarter (+7 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 11 → 8 → 6 → 13. A growing number of new institutional buyers means the stock is still being discovered — the opportunity hasn't been fully priced in.
🔒
61% of holders stayed for 2+ years
■ 61% conviction (2yr+)
■ 24% medium
■ 14% new
51 out of 83 hedge funds have held this stock for over 2 years without selling. Long-term holders are harder to shake out during market dips — they represent a stable ownership base that reduces the risk of sudden mass selling.
💰
Price up while funds trimmed (-23% value, -39% shares)
Last quarter: total value of institutional ZTR holdings rose -23% even though funds reduced share count by 39%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
➡️
Steady discovery — ~13 new funds/quarter
18 → 11 → 8 → 6 → 13 new funds/Q
New funds entering each quarter: 11 → 8 → 6 → 13. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️
Deep conviction — 65% of holders stayed 2+ years
■ 65% veterans
■ 11% 1-2yr
■ 24% new
Of 83 current holders: 54 (65%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
📋
Smaller funds dominant — 16% top-100 AUM
16% from top-100 AUM funds
Only 13 of 83 current holders rank in the top 100 by AUM. The stock is held mostly by smaller and mid-sized funds — the largest institutional players haven't yet built significant positions.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.