Based on 283 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added AB 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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At the ownership peak (97% of max)
97% of all-time peak
283 hedge funds hold AB 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.
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Stable — ownership unchanged year-over-year
fund count last 6Q
The number of hedge funds holding AB is almost the same as a year ago (-8 funds, -3% change). No significant rush to buy or sell — institutional backing is holding steady.
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More buyers than sellers — 60% buying
137 buying93 selling
Last quarter: 137 funds were net buyers (36 opened a brand new position + 101 added to an existing one). Only 93 were sellers (62 trimmed + 31 sold completely). A clear majority buying is a strong confirmation signal.
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Steady new buyers — ~36 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 29 → 26 → 38 → 36. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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62% of holders stayed for 2+ years
■ 62% conviction (2yr+)
■ 22% medium
■ 16% new
176 out of 283 hedge funds have held AB for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
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Growing discovery — still being found
50 → 29 → 26 → 38 → 36 new funds/Q
New funds entering each quarter: 29 → 26 → 38 → 36. A growing number of institutions are discovering AB each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Veteran-anchored — 65% veterans vs 21% newcomers
■ 65% veterans
■ 13% 1-2yr
■ 21% new
Entry-cohort mix of 291 holders: 190 (65%) are 2+ year veterans, 39 entered 1–2 years ago, and 62 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 52% AUM from top-100 funds
52% from top-100 AUM funds
27 of 281 holders are among the 100 largest funds by AUM, controlling 52% of total institutional value in AB. 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 3.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.