Based on 39 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 ARTV 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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Below peak — only 68% of 3.0Y high
68% of all-time peak
Only 39 funds hold ARTV today versus a peak of 57 funds at 2024 Q4 — just 68% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
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Outflows — 25% fewer funds vs a year ago
fund count last 6Q
13 fewer hedge funds hold ARTV compared to a year ago (-25% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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More sellers than buyers — 42% buying
14 buying19 selling
Last quarter: 19 funds reduced or exited vs 14 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
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More new buyers each quarter (+6 vs last Q)
new funds entering per quarter
Funds opening a new ARTV position: 12 → 5 → 6 → 12. 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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Mostly new holders — 36% entered in last year
■ 8% conviction (2yr+)
■ 56% medium
■ 36% new
Only 3 funds (8%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
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Price up while funds trimmed (+49% value, -1% shares)
Last quarter: total value of institutional ARTV holdings rose +49% even though funds reduced share count by 1%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
➡️
Steady discovery — ~12 new funds/quarter
3 → 12 → 5 → 6 → 12 new funds/Q
New funds entering each quarter: 12 → 5 → 6 → 12. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Mixed cohorts — 8% veterans, 44% new entrants
■ 8% veterans
■ 49% 1-2yr
■ 44% new
Of 39 current holders: 3 (8%) held 2+ years, 19 held 1–2 years, 17 (44%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Smaller funds dominant — 7% AUM from top-100
7% from top-100 AUM funds
16 of 39 holders rank in the top 100 by AUM, but together hold only 7% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
Exit risk score 2.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.