Based on 75 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 FPXI 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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High ownership — 86% of 3.0Y peak
86% of all-time peak
75 funds currently hold this stock — 86% of the 3.0-year high of 87 funds (reached 2023 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Steady growth — +10% more funds vs a year ago
fund count last 6Q
+7 new funds entered over the past year (+10% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
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Slight buying edge — 52% buying
35 buying32 selling
Last quarter: 35 funds bought or added vs 32 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
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More new buyers each quarter (+8 vs last Q)
new funds entering per quarter
Funds opening a new FPXI position: 7 → 8 → 6 → 14. 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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71% of holders stayed for 2+ years
■ 71% conviction (2yr+)
■ 19% medium
■ 11% new
53 out of 75 hedge funds have held FPXI 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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Growing discovery — still being found
7 → 7 → 8 → 6 → 14 new funds/Q
New funds entering each quarter: 7 → 8 → 6 → 14. A growing number of institutions are discovering FPXI each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Deep conviction — 80% of holders stayed 2+ years
■ 80% veterans
■ 7% 1-2yr
■ 13% new
Of 75 current holders: 60 (80%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
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Elite ownership — 66% AUM from top-100 funds
66% from top-100 AUM funds
15 of 75 holders are among the 100 largest funds by AUM, controlling 66% of total institutional value in FPXI. 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 2.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.