Based on 147 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added BLDP 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 — 83% of 3.0Y peak
83% of all-time peak
147 funds currently hold this stock — 83% of the 3.0-year high of 177 funds (reached 2023 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Stable — ownership unchanged year-over-year
fund count last 6Q
The number of hedge funds holding BLDP is almost the same as a year ago (+3 funds, +2% change). No significant rush to buy or sell — institutional backing is holding steady.
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Slight buying edge — 58% buying
77 buying55 selling
Last quarter: 77 funds bought or added vs 55 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 — ~30 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 11 → 23 → 28 → 30. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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63% of holders stayed for 2+ years
■ 63% conviction (2yr+)
■ 18% medium
■ 20% new
92 out of 147 hedge funds have held BLDP 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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Acceleration phase — new buyers rushing in
16 → 11 → 23 → 28 → 30 new funds/Q
New funds entering each quarter: 11 → 23 → 28 → 30. 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.
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Veteran-anchored — 68% veterans vs 18% newcomers
■ 68% veterans
■ 14% 1-2yr
■ 18% new
Entry-cohort mix of 154 holders: 105 (68%) are 2+ year veterans, 21 entered 1–2 years ago, and 28 (18%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 65% AUM from top-100 funds
65% from top-100 AUM funds
36 of 146 holders are among the 100 largest funds by AUM, controlling 65% of total institutional value in BLDP. 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 2.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.