Based on 140 hedge funds · latest filing: 2026 Q1 · updated quarterly
📈
Buying streak — 8 quarters in a row
For 8 consecutive quarters, more hedge funds added EVEX 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
140 hedge funds hold EVEX 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 — +71% more funds vs a year ago
fund count last 6Q
+58 new funds entered over the past year (+71% 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 — 61% buying
86 buying54 selling
Last quarter: 86 funds were net buyers (32 opened a brand new position + 54 added to an existing one). Only 54 were sellers (33 trimmed + 21 sold completely). A clear majority buying is a strong confirmation signal.
➡️
Steady new buyers — ~32 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 17 → 42 → 33 → 32. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄
Mostly new holders — 41% entered in last year
■ 22% conviction (2yr+)
■ 37% medium
■ 41% new
Only 31 funds (22%) 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.
💎
Buying through price weakness — shares -1%, value -39%
Last quarter: funds added -1% more shares while total portfolio value only changed -39%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈
Growing discovery — still being found
18 → 17 → 42 → 33 → 32 new funds/Q
New funds entering each quarter: 17 → 42 → 33 → 32. A growing number of institutions are discovering EVEX each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
📊
Mixed cohorts — 30% veterans, 46% new entrants
■ 30% veterans
■ 24% 1-2yr
■ 46% new
Of 143 current holders: 43 (30%) held 2+ years, 34 held 1–2 years, 66 (46%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅
Strong quality — 28% AUM from major funds
28% from top-100 AUM funds
35 of 138 holders rank in the top 100 by AUM, accounting for 28% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.8
out of 10
Moderate Exit Risk
Exit risk score 4.8/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.