Based on 36 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added BATL 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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High ownership — 90% of 3.0Y peak
90% of all-time peak
36 funds currently hold this stock — 90% of the 3.0-year high of 40 funds (reached 2024 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Fast accumulation — +24% more funds vs a year ago
fund count last 6Q
+7 new funds entered over the past year (+24% 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 — 60% buying
24 buying16 selling
Last quarter: 24 funds were net buyers (20 opened a brand new position + 4 added to an existing one). Only 16 were sellers (4 trimmed + 12 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+18 vs last Q)
new funds entering per quarter
Funds opening a new BATL position: 6 → 3 → 2 → 20. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒
44% of holders stayed for 2+ years
■ 44% conviction (2yr+)
■ 19% medium
■ 36% new
16 out of 36 hedge funds have held BATL 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.
💰
Price up while funds trimmed (+121% value, -36% shares)
Last quarter: total value of institutional BATL holdings rose +121% even though funds reduced share count by 36%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
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Acceleration phase — new buyers rushing in
2 → 6 → 3 → 2 → 20 new funds/Q
New funds entering each quarter: 6 → 3 → 2 → 20. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️
Veteran-anchored — 58% veterans vs 36% newcomers
■ 58% veterans
■ 6% 1-2yr
■ 36% new
Entry-cohort mix of 36 holders: 21 (58%) are 2+ year veterans, 2 entered 1–2 years ago, and 13 (36%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Smaller funds dominant — 3% AUM from top-100
3% from top-100 AUM funds
11 of 36 holders rank in the top 100 by AUM, but together hold only 3% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.