Based on 154 hedge funds · latest filing: 2026 Q1 · updated quarterly
📈
Buying streak — 4 quarters in a row
For 4 consecutive quarters, more hedge funds added FATE 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.
📊
High ownership — 87% of 3.0Y peak
87% of all-time peak
154 funds currently hold this stock — 87% of the 3.0-year high of 178 funds (reached 2024 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶
Steady growth — +20% more funds vs a year ago
fund count last 6Q
+26 new funds entered over the past year (+20% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢
More buyers than sellers — 62% buying
82 buying51 selling
Last quarter: 82 funds were net buyers (28 opened a brand new position + 54 added to an existing one). Only 51 were sellers (35 trimmed + 16 sold completely). A clear majority buying is a strong confirmation signal.
➡️
Steady new buyers — ~28 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 28 → 23 → 23 → 28. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒
56% of holders stayed for 2+ years
■ 56% conviction (2yr+)
■ 21% medium
■ 22% new
87 out of 154 hedge funds have held FATE 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.
💰
Value +20% but shares only +5% — price-driven
Last quarter: the total dollar value of institutional holdings rose +20%, but actual share count only changed +5%. 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.
➡️
Steady discovery — ~28 new funds/quarter
18 → 28 → 23 → 23 → 28 new funds/Q
New funds entering each quarter: 28 → 23 → 23 → 28. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️
Veteran-anchored — 60% veterans vs 26% newcomers
■ 60% veterans
■ 14% 1-2yr
■ 26% new
Entry-cohort mix of 159 holders: 95 (60%) are 2+ year veterans, 22 entered 1–2 years ago, and 42 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅
Strong quality — 25% AUM from major funds
25% from top-100 AUM funds
35 of 154 holders rank in the top 100 by AUM, accounting for 25% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
Exit risk score 3.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.