Based on 65 hedge funds · latest filing: 2026 Q1 · updated quarterly
📈
Buying streak — 4 quarters in a row
For 4 consecutive quarters, more hedge funds added DXJS 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
65 hedge funds hold DXJS 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 — +141% more funds vs a year ago
fund count last 6Q
+38 new funds entered over the past year (+141% 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 — 78% buying
43 buying12 selling
Last quarter: 43 funds were net buyers (23 opened a brand new position + 20 added to an existing one). Only 12 were sellers (11 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.
📈
More new buyers each quarter (+15 vs last Q)
new funds entering per quarter
Funds opening a new DXJS position: 6 → 16 → 8 → 23. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌
Mixed — 29% long-term, 51% new
■ 29% conviction (2yr+)
■ 20% medium
■ 51% new
Of the 65 current holders: 19 (29%) held >2 years, 13 held 1–2 years, and 33 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 +108% but shares only +80% — price-driven
Last quarter: the total dollar value of institutional holdings rose +108%, but actual share count only changed +80%. 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.
📈
Growing discovery — still being found
5 → 6 → 16 → 8 → 23 new funds/Q
New funds entering each quarter: 6 → 16 → 8 → 23. A growing number of institutions are discovering DXJS each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
📊
Mixed cohorts — 38% veterans, 51% new entrants
■ 38% veterans
■ 11% 1-2yr
■ 51% new
Of 65 current holders: 25 (38%) held 2+ years, 7 held 1–2 years, 33 (51%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅
Strong quality — 36% AUM from major funds
36% from top-100 AUM funds
12 of 65 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
5.7
out of 10
Moderate Exit Risk
Exit risk score 5.7/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.