Based on 24 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 FLAU 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 (100% of max)
100% of all-time peak
24 hedge funds hold FLAU 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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Fast accumulation — +41% more funds vs a year ago
fund count last 6Q
+7 new funds entered over the past year (+41% 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.
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More buyers than sellers — 67% buying
12 buying6 selling
Last quarter: 12 funds were net buyers (4 opened a brand new position + 8 added to an existing one). Only 6 were sellers (5 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.
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Steady new buyers — ~4 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 4 → 2 → 2 → 4. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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46% of holders stayed for 2+ years
■ 46% conviction (2yr+)
■ 33% medium
■ 21% new
11 out of 24 hedge funds have held FLAU 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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Steady discovery — ~4 new funds/quarter
4 → 4 → 2 → 2 → 4 new funds/Q
New funds entering each quarter: 4 → 2 → 2 → 4. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 54% veterans vs 38% newcomers
■ 54% veterans
■ 8% 1-2yr
■ 38% new
Entry-cohort mix of 24 holders: 13 (54%) are 2+ year veterans, 2 entered 1–2 years ago, and 9 (38%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Strong quality — 26% AUM from major funds
26% from top-100 AUM funds
8 of 23 holders rank in the top 100 by AUM, accounting for 26% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.