Based on 188 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added EGY 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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High ownership — 90% of 3.0Y peak
90% of all-time peak
188 funds currently hold this stock — 90% of the 3.0-year high of 210 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 4% fewer funds vs a year ago
fund count last 6Q
7 fewer hedge funds hold EGY compared to a year ago (-4% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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More buyers than sellers — 61% buying
118 buying77 selling
Last quarter: 118 funds were net buyers (45 opened a brand new position + 73 added to an existing one). Only 77 were sellers (48 trimmed + 29 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+22 vs last Q)
new funds entering per quarter
Funds opening a new EGY position: 30 → 30 → 23 → 45. 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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60% of holders stayed for 2+ years
■ 60% conviction (2yr+)
■ 22% medium
■ 18% new
113 out of 188 hedge funds have held EGY 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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Value +90% but shares only +11% — price-driven
Last quarter: the total dollar value of institutional holdings rose +90%, but actual share count only changed +11%. 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.
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Growing discovery — still being found
30 → 30 → 30 → 23 → 45 new funds/Q
New funds entering each quarter: 30 → 30 → 23 → 45. A growing number of institutions are discovering EGY each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Veteran-anchored — 65% veterans vs 22% newcomers
■ 65% veterans
■ 13% 1-2yr
■ 22% new
Entry-cohort mix of 194 holders: 126 (65%) are 2+ year veterans, 25 entered 1–2 years ago, and 43 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 41% AUM from top-100 funds
41% from top-100 AUM funds
42 of 186 holders are among the 100 largest funds by AUM, controlling 41% of total institutional value in EGY. 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 3.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.