Based on 2189 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 6 quarters in a row
For 6 consecutive quarters, more hedge funds added ASML 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 (100% of max)
100% of all-time peak
2,189 hedge funds hold ASML 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 — +38% more funds vs a year ago
fund count last 6Q
+603 new funds entered over the past year (+38% 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 — 55% buying
1151 buying930 selling
Last quarter: 1,151 funds bought or added vs 930 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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More new buyers each quarter (+10 vs last Q)
new funds entering per quarter
Funds opening a new ASML position: 240 → 250 → 336 → 346. 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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50% of holders stayed for 2+ years
■ 50% conviction (2yr+)
■ 24% medium
■ 25% new
1,105 out of 2,189 hedge funds have held ASML 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 +21% but shares only +2% — price-driven
Last quarter: the total dollar value of institutional holdings rose +21%, but actual share count only changed +2%. 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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Growing discovery — still being found
194 → 240 → 250 → 336 → 346 new funds/Q
New funds entering each quarter: 240 → 250 → 336 → 346. A growing number of institutions are discovering ASML each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Veteran-anchored — 55% veterans vs 29% newcomers
■ 55% veterans
■ 16% 1-2yr
■ 29% new
Entry-cohort mix of 2,279 holders: 1,252 (55%) are 2+ year veterans, 356 entered 1–2 years ago, and 671 (29%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 58% AUM from top-100 funds
58% from top-100 AUM funds
67 of 2185 holders are among the 100 largest funds by AUM, controlling 58% of total institutional value in ASML. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.