Based on 218 hedge funds · latest filing: 2026 Q1 · updated quarterly
📉
Selling streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds reduced or closed their CVI positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊
High ownership — 94% of 3.0Y peak
94% of all-time peak
218 funds currently hold this stock — 94% of the 3.0-year high of 231 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶
Steady growth — +10% more funds vs a year ago
fund count last 6Q
+20 new funds entered over the past year (+10% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠
More sellers than buyers — 48% buying
115 buying126 selling
Last quarter: 126 funds reduced or exited vs 115 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️
Steady new buyers — ~42 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 50 → 44 → 43 → 42. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒
67% of holders stayed for 2+ years
■ 67% conviction (2yr+)
■ 20% medium
■ 13% new
145 out of 218 hedge funds have held CVI 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.
💰
Price up while funds trimmed (+32% value, -0% shares)
Last quarter: total value of institutional CVI holdings rose +32% even though funds reduced share count by 0%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
➡️
Steady discovery — ~42 new funds/quarter
41 → 50 → 44 → 43 → 42 new funds/Q
New funds entering each quarter: 50 → 44 → 43 → 42. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️
Veteran-anchored — 74% veterans vs 16% newcomers
■ 74% veterans
■ 10% 1-2yr
■ 16% new
Entry-cohort mix of 234 holders: 174 (74%) are 2+ year veterans, 23 entered 1–2 years ago, and 37 (16%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋
Smaller funds dominant — 13% AUM from top-100
13% from top-100 AUM funds
44 of 216 holders rank in the top 100 by AUM, but together hold only 13% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
Exit risk score 3.2/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.