Based on 80 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 CRNT 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 — 89% of 3.0Y peak
89% of all-time peak
80 funds currently hold this stock — 89% of the 3.0-year high of 90 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 4% fewer funds vs a year ago
fund count last 6Q
3 fewer hedge funds hold CRNT 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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More buyers than sellers — 61% buying
46 buying30 selling
Last quarter: 46 funds were net buyers (26 opened a brand new position + 20 added to an existing one). Only 30 were sellers (17 trimmed + 13 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+17 vs last Q)
new funds entering per quarter
Funds opening a new CRNT position: 14 → 11 → 9 → 26. 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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54% of holders stayed for 2+ years
■ 54% conviction (2yr+)
■ 21% medium
■ 25% new
43 out of 80 hedge funds have held CRNT 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
17 → 14 → 11 → 9 → 26 new funds/Q
New funds entering each quarter: 14 → 11 → 9 → 26. A growing number of institutions are discovering CRNT each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Veteran-anchored — 62% veterans vs 22% newcomers
■ 62% veterans
■ 16% 1-2yr
■ 22% new
Entry-cohort mix of 86 holders: 53 (62%) are 2+ year veterans, 14 entered 1–2 years ago, and 19 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Strong quality — 23% AUM from major funds
23% from top-100 AUM funds
22 of 80 holders rank in the top 100 by AUM, accounting for 23% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
Exit risk score 3.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.