Based on 73 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Buying streak — 4 quarters in a row
For 4 consecutive quarters, more hedge funds added CNRG 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 — 91% of 3.0Y peak
91% of all-time peak
73 funds currently hold this stock — 91% of the 3.0-year high of 80 funds (reached 2023 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Fast accumulation — +28% more funds vs a year ago
fund count last 6Q
+16 new funds entered over the past year (+28% 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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Slight buying edge — 54% buying
35 buying30 selling
Last quarter: 35 funds bought or added vs 30 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 — ~19 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 11 → 12 → 14 → 19. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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52% of holders stayed for 2+ years
■ 52% conviction (2yr+)
■ 23% medium
■ 25% new
38 out of 73 hedge funds have held CNRG 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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Price up while funds trimmed (+3% value, -31% shares)
Last quarter: total value of institutional CNRG holdings rose +3% even though funds reduced share count by 31%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
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Growing discovery — still being found
6 → 11 → 12 → 14 → 19 new funds/Q
New funds entering each quarter: 11 → 12 → 14 → 19. A growing number of institutions are discovering CNRG each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Veteran-anchored — 66% veterans vs 26% newcomers
■ 66% veterans
■ 8% 1-2yr
■ 26% new
Entry-cohort mix of 73 holders: 48 (66%) are 2+ year veterans, 6 entered 1–2 years ago, and 19 (26%) 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
17 of 72 holders are among the 100 largest funds by AUM, controlling 65% of total institutional value in CNRG. 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 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.