Based on 120 hedge funds · latest filing: 2026 Q1 · updated quarterly
📈
Buying streak — 10 quarters in a row
For 10 consecutive quarters, more hedge funds added DGCB 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
120 hedge funds hold DGCB 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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Fast accumulation — +79% more funds vs a year ago
fund count last 6Q
+53 new funds entered over the past year (+79% 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 — 79% buying
95 buying26 selling
Last quarter: 95 funds were net buyers (27 opened a brand new position + 68 added to an existing one). Only 26 were sellers (15 trimmed + 11 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+7 vs last Q)
new funds entering per quarter
Funds opening a new DGCB position: 15 → 25 → 20 → 27. 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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Mostly new holders — 44% entered in last year
■ 16% conviction (2yr+)
■ 40% medium
■ 44% new
Only 19 funds (16%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
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Growing discovery — still being found
16 → 15 → 25 → 20 → 27 new funds/Q
New funds entering each quarter: 15 → 25 → 20 → 27. A growing number of institutions are discovering DGCB each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱
Early stage — 56% of holders entered in last year
■ 11% veterans
■ 33% 1-2yr
■ 56% new
Of 120 current holders: 67 (56%) entered in the past year, only 13 (11%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
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Smaller funds dominant — 17% AUM from top-100
17% from top-100 AUM funds
8 of 120 holders rank in the top 100 by AUM, but together hold only 17% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
5.0
out of 10
Moderate Exit Risk
Exit risk score 5.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.