Based on 36 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added BIVI 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 — 86% of 3.0Y peak
86% of all-time peak
36 funds currently hold this stock — 86% of the 3.0-year high of 42 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 5% fewer funds vs a year ago
fund count last 6Q
2 fewer hedge funds hold BIVI compared to a year ago (-5% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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Slight buying edge — 59% buying
17 buying12 selling
Last quarter: 17 funds bought or added vs 12 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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Steady new buyers — ~9 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 10 → 7 → 7 → 9. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Mostly new holders — 31% entered in last year
■ 8% conviction (2yr+)
■ 61% medium
■ 31% 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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Value +104% but shares only +43% — price-driven
Last quarter: the total dollar value of institutional holdings rose +104%, but actual share count only changed +43%. 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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Steady discovery — ~9 new funds/quarter
8 → 10 → 7 → 7 → 9 new funds/Q
New funds entering each quarter: 10 → 7 → 7 → 9. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Mixed cohorts — 3% veterans, 53% new entrants
■ 3% veterans
■ 44% 1-2yr
■ 53% new
Of 36 current holders: 1 (3%) held 2+ years, 16 held 1–2 years, 19 (53%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Elite ownership — 57% AUM from top-100 funds
57% from top-100 AUM funds
10 of 36 holders are among the 100 largest funds by AUM, controlling 57% of total institutional value in BIVI. 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 3.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.