Based on 47 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added ANSC 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 — 89% of 3.0Y peak
89% of all-time peak
47 funds currently hold this stock — 89% of the 3.0-year high of 53 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 6% fewer funds vs a year ago
fund count last 6Q
3 fewer hedge funds hold ANSC 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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Slight buying edge — 57% buying
17 buying13 selling
Last quarter: 17 funds bought or added vs 13 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
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Steady new buyers — ~6 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 8 → 4 → 9 → 6. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Mixed — 30% long-term, 28% new
■ 30% conviction (2yr+)
■ 43% medium
■ 28% new
Of the 47 current holders: 14 (30%) held >2 years, 20 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.
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Value +1902% but shares only +9% — price-driven
Last quarter: the total dollar value of institutional holdings rose +1902%, but actual share count only changed +9%. 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 — ~6 new funds/quarter
5 → 8 → 4 → 9 → 6 new funds/Q
New funds entering each quarter: 8 → 4 → 9 → 6. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Mixed cohorts — 6% veterans, 36% new entrants
■ 6% veterans
■ 57% 1-2yr
■ 36% new
Of 47 current holders: 3 (6%) held 2+ years, 27 held 1–2 years, 17 (36%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Elite ownership — 95% AUM from top-100 funds
95% from top-100 AUM funds
7 of 47 holders are among the 100 largest funds by AUM, controlling 95% of total institutional value in ANSC. 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 3.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.