Based on 409 hedge funds · latest filing: 2026 Q1 · updated quarterly
📈
Buying streak — 11 quarters in a row
For 11 consecutive quarters, more hedge funds added CGGO 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.
🏔️
At the ownership peak (100% of max)
100% of all-time peak
409 hedge funds hold CGGO right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀
Fast accumulation — +37% more funds vs a year ago
fund count last 6Q
+110 new funds entered over the past year (+37% 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 — 69% buying
265 buying117 selling
Last quarter: 265 funds were net buyers (50 opened a brand new position + 215 added to an existing one). Only 117 were sellers (90 trimmed + 27 sold completely). A clear majority buying is a strong confirmation signal.
⚠️
Fewer new buyers each quarter (-11 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 35 → 50 → 61 → 50. 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.
📌
Mixed — 38% long-term, 28% new
■ 38% conviction (2yr+)
■ 35% medium
■ 28% new
Of the 409 current holders: 154 (38%) held >2 years, 142 held 1–2 years, and 113 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.
📈
Growing discovery — still being found
40 → 35 → 50 → 61 → 50 new funds/Q
New funds entering each quarter: 35 → 50 → 61 → 50. A growing number of institutions are discovering CGGO each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
📊
Mixed cohorts — 37% veterans, 37% new entrants
■ 37% veterans
■ 25% 1-2yr
■ 37% new
Of 409 current holders: 152 (37%) held 2+ years, 104 held 1–2 years, 153 (37%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆
Elite ownership — 40% AUM from top-100 funds
40% from top-100 AUM funds
21 of 409 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in CGGO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.