Based on 53 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Buying streak — 3 quarters in a row
For 3 consecutive quarters, more hedge funds added DEUS 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 (100% of max)
100% of all-time peak
53 hedge funds hold DEUS 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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Steady growth — +18% more funds vs a year ago
fund count last 6Q
+8 new funds entered over the past year (+18% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
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More buyers than sellers — 68% buying
30 buying14 selling
Last quarter: 30 funds were net buyers (6 opened a brand new position + 24 added to an existing one). Only 14 were sellers (10 trimmed + 4 sold completely). A clear majority buying is a strong confirmation signal.
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Steady new buyers — ~6 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 4 → 8 → 7 → 6. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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70% of holders stayed for 2+ years
■ 70% conviction (2yr+)
■ 13% medium
■ 17% new
37 out of 53 hedge funds have held DEUS 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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Steady discovery — ~6 new funds/quarter
3 → 4 → 8 → 7 → 6 new funds/Q
New funds entering each quarter: 4 → 8 → 7 → 6. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 68% veterans vs 15% newcomers
■ 68% veterans
■ 17% 1-2yr
■ 15% new
Entry-cohort mix of 53 holders: 36 (68%) are 2+ year veterans, 9 entered 1–2 years ago, and 8 (15%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 58% AUM from top-100 funds
58% from top-100 AUM funds
9 of 52 holders are among the 100 largest funds by AUM, controlling 58% of total institutional value in DEUS. 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 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.