Based on 15 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added ADDYY 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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High ownership — 71% of 3.0Y peak
71% of all-time peak
15 funds currently hold this stock — 71% of the 3.0-year high of 21 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 29% fewer funds vs a year ago
fund count last 6Q
6 fewer hedge funds hold ADDYY compared to a year ago (-29% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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More buyers than sellers — 61% buying
11 buying7 selling
Last quarter: 11 funds were net buyers (7 opened a brand new position + 4 added to an existing one). Only 7 were sellers (3 trimmed + 4 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+6 vs last Q)
new funds entering per quarter
Funds opening a new ADDYY position: 1 → 3 → 1 → 7. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
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53% of holders stayed for 2+ years
■ 53% conviction (2yr+)
■ 7% medium
■ 40% new
8 out of 15 hedge funds have held ADDYY 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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Value +147% but shares only +90% — price-driven
Last quarter: the total dollar value of institutional holdings rose +147%, but actual share count only changed +90%. 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.
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Steady discovery — ~7 new funds/quarter
4 → 1 → 3 → 1 → 7 new funds/Q
New funds entering each quarter: 1 → 3 → 1 → 7. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 47% veterans vs 40% newcomers
■ 47% veterans
■ 13% 1-2yr
■ 40% new
Entry-cohort mix of 15 holders: 7 (47%) are 2+ year veterans, 2 entered 1–2 years ago, and 6 (40%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Smaller funds dominant — 12% AUM from top-100
12% from top-100 AUM funds
2 of 15 holders rank in the top 100 by AUM, but together hold only 12% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
Exit risk score 2.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.