Based on 2118 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 11 quarters in a row
For 11 consecutive quarters, more hedge funds added APH 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.
🏔️
At the ownership peak (100% of max)
100% of all-time peak
2,118 hedge funds hold APH 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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Fast accumulation — +51% more funds vs a year ago
fund count last 6Q
+716 new funds entered over the past year (+51% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
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Slight buying edge — 53% buying
1135 buying989 selling
Last quarter: 1,135 funds bought or added vs 989 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.
⚠️
Fewer new buyers each quarter (-64 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 332 → 286 → 335 → 271. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
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50% of holders stayed for 2+ years
■ 50% conviction (2yr+)
■ 24% medium
■ 26% new
1,061 out of 2,118 hedge funds have held APH 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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Steady discovery — ~271 new funds/quarter
189 → 332 → 286 → 335 → 271 new funds/Q
New funds entering each quarter: 332 → 286 → 335 → 271. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 54% veterans vs 34% newcomers
■ 54% veterans
■ 11% 1-2yr
■ 34% new
Entry-cohort mix of 2,180 holders: 1,188 (54%) are 2+ year veterans, 247 entered 1–2 years ago, and 745 (34%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 53% AUM from top-100 funds
53% from top-100 AUM funds
70 of 2106 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in APH. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.