Based on 112 hedge funds · latest filing: 2026 Q2 · updated quarterly
📈
Buying streak — 4 quarters in a row
For 4 consecutive quarters, more hedge funds added ASYS 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
112 hedge funds hold ASYS 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.
🚀
Fast accumulation — +211% more funds vs a year ago
fund count last 6Q
+76 new funds entered over the past year (+211% 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.
🟢
More buyers than sellers — 72% buying
88 buying34 selling
Last quarter: 88 funds were net buyers (48 opened a brand new position + 40 added to an existing one). Only 34 were sellers (20 trimmed + 14 sold completely). A clear majority buying is a strong confirmation signal.
📈
More new buyers each quarter (+28 vs last Q)
new funds entering per quarter
Funds opening a new ASYS position: 24 → 25 → 20 → 48. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌
Mixed — 39% long-term, 41% new
■ 39% conviction (2yr+)
■ 20% medium
■ 41% new
Of the 112 current holders: 44 (39%) held >2 years, 22 held 1–2 years, and 46 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.
💰
Value +181% but shares only +41% — price-driven
Last quarter: the total dollar value of institutional holdings rose +181%, but actual share count only changed +41%. 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.
📈
Growing discovery — still being found
4 → 24 → 25 → 20 → 48 new funds/Q
New funds entering each quarter: 24 → 25 → 20 → 48. A growing number of institutions are discovering ASYS each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️
Veteran-anchored — 58% veterans vs 40% newcomers
■ 58% veterans
■ 3% 1-2yr
■ 40% new
Entry-cohort mix of 118 holders: 68 (58%) are 2+ year veterans, 3 entered 1–2 years ago, and 47 (40%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅
Strong quality — 30% AUM from major funds
30% from top-100 AUM funds
31 of 111 holders rank in the top 100 by AUM, accounting for 30% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
5.7
out of 10
Moderate Exit Risk
Exit risk score 5.7/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.