Based on 325 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 11 quarters in a row
For 11 consecutive quarters, more hedge funds added CGMS 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
325 hedge funds hold CGMS 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.
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Fast accumulation — +39% more funds vs a year ago
fund count last 6Q
+91 new funds entered over the past year (+39% 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.
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More buyers than sellers — 75% buying
243 buying82 selling
Last quarter: 243 funds were net buyers (42 opened a brand new position + 201 added to an existing one). Only 82 were sellers (59 trimmed + 23 sold completely). A clear majority buying is a strong confirmation signal.
⚠️
Fewer new buyers each quarter (-29 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 31 → 32 → 71 → 42. 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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Mostly new holders — 33% entered in last year
■ 22% conviction (2yr+)
■ 46% medium
■ 33% new
Only 71 funds (22%) 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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Acceleration phase — new buyers rushing in
36 → 31 → 32 → 71 → 42 new funds/Q
New funds entering each quarter: 31 → 32 → 71 → 42. 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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Mixed cohorts — 18% veterans, 44% new entrants
■ 18% veterans
■ 38% 1-2yr
■ 44% new
Of 325 current holders: 60 (18%) held 2+ years, 123 held 1–2 years, 142 (44%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Elite ownership — 43% AUM from top-100 funds
43% from top-100 AUM funds
15 of 325 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in CGMS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.4
out of 10
Moderate Exit Risk
Exit risk score 4.4/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.