Based on 1101 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 4 quarters in a row
For 4 consecutive quarters, more hedge funds added COHR 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
1,101 hedge funds hold COHR 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 — +88% more funds vs a year ago
fund count last 6Q
+516 new funds entered over the past year (+88% 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 — 59% buying
679 buying465 selling
Last quarter: 679 funds bought or added vs 465 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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More new buyers each quarter (+45 vs last Q)
new funds entering per quarter
Funds opening a new COHR position: 137 → 143 → 275 → 320. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
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Mixed — 38% long-term, 41% new
■ 38% conviction (2yr+)
■ 21% medium
■ 41% new
Of the 1,101 current holders: 414 (38%) held >2 years, 234 held 1–2 years, and 453 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.
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Value +34% but shares only +7% — price-driven
Last quarter: the total dollar value of institutional holdings rose +34%, but actual share count only changed +7%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
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Acceleration phase — new buyers rushing in
101 → 137 → 143 → 275 → 320 new funds/Q
New funds entering each quarter: 137 → 143 → 275 → 320. 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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Veteran-anchored — 46% veterans vs 42% newcomers
■ 46% veterans
■ 12% 1-2yr
■ 42% new
Entry-cohort mix of 1,157 holders: 531 (46%) are 2+ year veterans, 143 entered 1–2 years ago, and 483 (42%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 48% AUM from top-100 funds
48% from top-100 AUM funds
65 of 1094 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in COHR. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
5.1
out of 10
Moderate Exit Risk
Exit risk score 5.1/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.