Based on 64 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added ETHO 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 (98% of max)
98% of all-time peak
64 hedge funds hold ETHO 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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Stable — ownership unchanged year-over-year
fund count last 6Q
The number of hedge funds holding ETHO is almost the same as a year ago (+2 funds, +3% change). No significant rush to buy or sell — institutional backing is holding steady.
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Slight buying edge — 50% buying
26 buying26 selling
Last quarter: 26 funds bought or added vs 26 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
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Steady new buyers — ~8 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 5 → 7 → 7 → 8. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Mixed — 39% long-term, 16% new
■ 39% conviction (2yr+)
■ 45% medium
■ 16% new
Of the 64 current holders: 25 (39%) held >2 years, 29 held 1–2 years, and 10 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.
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Steady discovery — ~8 new funds/quarter
9 → 5 → 7 → 7 → 8 new funds/Q
New funds entering each quarter: 5 → 7 → 7 → 8. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Mixed cohorts — 0% veterans, 27% new entrants
■ 0% veterans
■ 73% 1-2yr
■ 27% new
Of 64 current holders: 0 (0%) held 2+ years, 47 held 1–2 years, 17 (27%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Strong quality — 20% AUM from major funds
20% from top-100 AUM funds
10 of 63 holders rank in the top 100 by AUM, accounting for 20% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
Exit risk score 3.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.