Based on 164 hedge funds · latest filing: 2026 Q1 · updated quarterly
📈
Buying streak — 4 quarters in a row
For 4 consecutive quarters, more hedge funds added CRVS 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
164 hedge funds hold CRVS 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.
🚀
Fast accumulation — +80% more funds vs a year ago
fund count last 6Q
+73 new funds entered over the past year (+80% 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.
🟢
More buyers than sellers — 68% buying
123 buying57 selling
Last quarter: 123 funds were net buyers (65 opened a brand new position + 58 added to an existing one). Only 57 were sellers (31 trimmed + 26 sold completely). A clear majority buying is a strong confirmation signal.
📈
More new buyers each quarter (+34 vs last Q)
new funds entering per quarter
Funds opening a new CRVS position: 31 → 24 → 31 → 65. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌
Mixed — 31% long-term, 47% new
■ 31% conviction (2yr+)
■ 22% medium
■ 47% new
Of the 164 current holders: 51 (31%) held >2 years, 36 held 1–2 years, and 77 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.
💰
Value +172% but shares only +50% — price-driven
Last quarter: the total dollar value of institutional holdings rose +172%, but actual share count only changed +50%. 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.
🚀
Acceleration phase — new buyers rushing in
15 → 31 → 24 → 31 → 65 new funds/Q
New funds entering each quarter: 31 → 24 → 31 → 65. 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.
🏛️
Veteran-anchored — 42% veterans vs 49% newcomers
■ 42% veterans
■ 9% 1-2yr
■ 49% new
Entry-cohort mix of 172 holders: 72 (42%) are 2+ year veterans, 15 entered 1–2 years ago, and 85 (49%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅
Strong quality — 23% AUM from major funds
23% from top-100 AUM funds
35 of 163 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.
5.2
out of 10
Moderate Exit Risk
Exit risk score 5.2/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.