Based on 122 hedge funds · latest filing: 2026 Q1 · updated quarterly
📉
Selling streak — 3 quarters in a row
For 3 consecutive quarters, more hedge funds reduced or closed their BYRN positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊
High ownership — 89% of 3.0Y peak
89% of all-time peak
122 funds currently hold this stock — 89% of the 3.0-year high of 137 funds (reached 2025 Q2). 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
7 fewer hedge funds hold BYRN compared to a year ago (-5% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠
More sellers than buyers — 49% buying
67 buying69 selling
Last quarter: 69 funds reduced or exited vs 67 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
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More new buyers each quarter (+7 vs last Q)
new funds entering per quarter
Funds opening a new BYRN position: 40 → 32 → 23 → 30. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌
Mixed — 34% long-term, 27% new
■ 34% conviction (2yr+)
■ 39% medium
■ 27% new
Of the 122 current holders: 41 (34%) held >2 years, 48 held 1–2 years, and 33 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💎
Buying through price weakness — shares -14%, value -53%
Last quarter: funds added -14% more shares while total portfolio value only changed -53%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊
Peak discovery — momentum slowing
28 → 40 → 32 → 23 → 30 new funds/Q
New funds entering each quarter: 40 → 32 → 23 → 30. BYRN is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️
Veteran-anchored — 42% veterans vs 33% newcomers
■ 42% veterans
■ 25% 1-2yr
■ 33% new
Entry-cohort mix of 126 holders: 53 (42%) are 2+ year veterans, 31 entered 1–2 years ago, and 42 (33%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆
Elite ownership — 52% AUM from top-100 funds
52% from top-100 AUM funds
32 of 121 holders are among the 100 largest funds by AUM, controlling 52% of total institutional value in BYRN. 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 3.2/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.