Based on 297 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added COLM 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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At the ownership peak (96% of max)
96% of all-time peak
297 hedge funds hold COLM 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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Outflows — 4% fewer funds vs a year ago
fund count last 6Q
13 fewer hedge funds hold COLM compared to a year ago (-4% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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Slight buying edge — 58% buying
170 buying121 selling
Last quarter: 170 funds bought or added vs 121 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 (+20 vs last Q)
new funds entering per quarter
Funds opening a new COLM position: 49 → 56 → 48 → 68. 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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60% of holders stayed for 2+ years
■ 60% conviction (2yr+)
■ 19% medium
■ 22% new
178 out of 297 hedge funds have held COLM 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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Growing discovery — still being found
52 → 49 → 56 → 48 → 68 new funds/Q
New funds entering each quarter: 49 → 56 → 48 → 68. A growing number of institutions are discovering COLM each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Veteran-anchored — 70% veterans vs 22% newcomers
■ 70% veterans
■ 8% 1-2yr
■ 22% new
Entry-cohort mix of 305 holders: 215 (70%) are 2+ year veterans, 23 entered 1–2 years ago, and 67 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 52% AUM from top-100 funds
52% from top-100 AUM funds
48 of 295 holders are among the 100 largest funds by AUM, controlling 52% of total institutional value in COLM. 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 3.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.