Based on 16 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added DYLD 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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Below peak — only 62% of 3.0Y high
62% of all-time peak
Only 16 funds hold DYLD today versus a peak of 26 funds at 2023 Q3 — just 62% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
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Outflows — 27% fewer funds vs a year ago
fund count last 6Q
6 fewer hedge funds hold DYLD compared to a year ago (-27% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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More sellers than buyers — 40% buying
6 buying9 selling
Last quarter: 9 funds reduced or exited vs 6 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.
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Steady new buyers — ~3 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 3 → 2 → 2 → 3. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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81% of holders stayed for 2+ years
■ 81% conviction (2yr+)
■ 12% medium
■ 6% new
13 out of 16 hedge funds have held DYLD 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 — ~3 new funds/quarter
1 → 3 → 2 → 2 → 3 new funds/Q
New funds entering each quarter: 3 → 2 → 2 → 3. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 81% veterans vs 6% newcomers
■ 81% veterans
■ 12% 1-2yr
■ 6% new
Entry-cohort mix of 16 holders: 13 (81%) are 2+ year veterans, 2 entered 1–2 years ago, and 1 (6%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 85% AUM from top-100 funds
85% from top-100 AUM funds
4 of 15 holders are among the 100 largest funds by AUM, controlling 85% of total institutional value in DYLD. 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 1.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.