Based on 58 hedge funds · latest filing: 2026 Q2 · updated quarterly
📈
Buying streak — 3 quarters in a row
For 3 consecutive quarters, more hedge funds added FBYD 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
58 hedge funds hold FBYD 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 — +222% more funds vs a year ago
fund count last 6Q
+40 new funds entered over the past year (+222% 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 — 67% buying
42 buying21 selling
Last quarter: 42 funds were net buyers (11 opened a brand new position + 31 added to an existing one). Only 21 were sellers (11 trimmed + 10 sold completely). A clear majority buying is a strong confirmation signal.
⚠️
Fewer new buyers each quarter (-12 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 2 → 28 → 23 → 11. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
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Mostly new holders — 69% entered in last year
■ 14% conviction (2yr+)
■ 17% medium
■ 69% new
Only 8 funds (14%) 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.
💰
Value +92% but shares only +51% — price-driven
Last quarter: the total dollar value of institutional holdings rose +92%, but actual share count only changed +51%. 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
3 → 2 → 28 → 23 → 11 new funds/Q
New funds entering each quarter: 2 → 28 → 23 → 11. A growing number of institutions are discovering FBYD each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱
Early stage — 67% of holders entered in last year
■ 21% veterans
■ 12% 1-2yr
■ 67% new
Of 58 current holders: 39 (67%) entered in the past year, only 12 (21%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
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Elite ownership — 80% AUM from top-100 funds
80% from top-100 AUM funds
24 of 58 holders are among the 100 largest funds by AUM, controlling 80% of total institutional value in FBYD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
6.7
out of 10
Moderate Exit Risk
Exit risk score 6.7/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.