Based on 444 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added FLO 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
444 hedge funds hold FLO 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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Steady growth — +7% more funds vs a year ago
fund count last 6Q
+28 new funds entered over the past year (+7% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
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More buyers than sellers — 60% buying
295 buying194 selling
Last quarter: 295 funds were net buyers (107 opened a brand new position + 188 added to an existing one). Only 194 were sellers (105 trimmed + 89 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+32 vs last Q)
new funds entering per quarter
Funds opening a new FLO position: 74 → 106 → 75 → 107. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
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54% of holders stayed for 2+ years
■ 54% conviction (2yr+)
■ 20% medium
■ 27% new
238 out of 444 hedge funds have held FLO 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 — ~107 new funds/quarter
77 → 74 → 106 → 75 → 107 new funds/Q
New funds entering each quarter: 74 → 106 → 75 → 107. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 62% veterans vs 30% newcomers
■ 62% veterans
■ 8% 1-2yr
■ 30% new
Entry-cohort mix of 454 holders: 281 (62%) are 2+ year veterans, 37 entered 1–2 years ago, and 136 (30%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 53% AUM from top-100 funds
53% from top-100 AUM funds
54 of 444 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in FLO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.