Based on 155 hedge funds · latest filing: 2026 Q1 · updated quarterly
➡️
No change last quarter
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
🏔️
At the ownership peak (97% of max)
97% of all-time peak
155 hedge funds hold BAND 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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Stable — ownership unchanged year-over-year
fund count last 6Q
The number of hedge funds holding BAND is almost the same as a year ago (-5 funds, -3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡
Slight buying edge — 53% buying
85 buying75 selling
Last quarter: 85 funds bought or added vs 75 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.
📈
More new buyers each quarter (+12 vs last Q)
new funds entering per quarter
Funds opening a new BAND position: 30 → 17 → 14 → 26. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒
61% of holders stayed for 2+ years
■ 61% conviction (2yr+)
■ 22% medium
■ 17% new
95 out of 155 hedge funds have held BAND 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 — ~26 new funds/quarter
27 → 30 → 17 → 14 → 26 new funds/Q
New funds entering each quarter: 30 → 17 → 14 → 26. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 71% veterans vs 21% newcomers
■ 71% veterans
■ 8% 1-2yr
■ 21% new
Entry-cohort mix of 160 holders: 113 (71%) are 2+ year veterans, 13 entered 1–2 years ago, and 34 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆
Elite ownership — 53% AUM from top-100 funds
53% from top-100 AUM funds
46 of 155 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in BAND. 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 3.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.