Based on 88 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 3 quarters in a row
For 3 consecutive quarters, more hedge funds added BMEZ 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 — 87% of 3.0Y peak
87% of all-time peak
88 funds currently hold this stock — 87% of the 3.0-year high of 101 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 — 8% fewer funds vs a year ago
fund count last 6Q
8 fewer hedge funds hold BMEZ compared to a year ago (-8% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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More buyers than sellers — 63% buying
55 buying32 selling
Last quarter: 55 funds were net buyers (17 opened a brand new position + 38 added to an existing one). Only 32 were sellers (19 trimmed + 13 sold completely). A clear majority buying is a strong confirmation signal.
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Fewer new buyers each quarter (-6 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 14 → 16 → 23 → 17. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
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51% of holders stayed for 2+ years
■ 51% conviction (2yr+)
■ 25% medium
■ 24% new
45 out of 88 hedge funds have held BMEZ 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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Growing discovery — still being found
14 → 14 → 16 → 23 → 17 new funds/Q
New funds entering each quarter: 14 → 16 → 23 → 17. A growing number of institutions are discovering BMEZ each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Veteran-anchored — 57% veterans vs 27% newcomers
■ 57% veterans
■ 16% 1-2yr
■ 27% new
Entry-cohort mix of 88 holders: 50 (57%) are 2+ year veterans, 14 entered 1–2 years ago, and 24 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 47% AUM from top-100 funds
47% from top-100 AUM funds
13 of 88 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in BMEZ. 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.