Based on 160 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 4 quarters in a row
For 4 consecutive quarters, more hedge funds added FTXL 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
160 hedge funds hold FTXL 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 — +52% more funds vs a year ago
fund count last 6Q
+55 new funds entered over the past year (+52% 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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Slight buying edge — 54% buying
77 buying65 selling
Last quarter: 77 funds bought or added vs 65 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.
➡️
Steady new buyers — ~36 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 13 → 15 → 37 → 36. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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49% of holders stayed for 2+ years
■ 49% conviction (2yr+)
■ 20% medium
■ 31% new
79 out of 160 hedge funds have held FTXL 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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Acceleration phase — new buyers rushing in
9 → 13 → 15 → 37 → 36 new funds/Q
New funds entering each quarter: 13 → 15 → 37 → 36. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
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Veteran-anchored — 56% veterans vs 29% newcomers
■ 56% veterans
■ 15% 1-2yr
■ 29% new
Entry-cohort mix of 163 holders: 92 (56%) are 2+ year veterans, 24 entered 1–2 years ago, and 47 (29%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 75% AUM from top-100 funds
75% from top-100 AUM funds
20 of 159 holders are among the 100 largest funds by AUM, controlling 75% of total institutional value in FTXL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.5
out of 10
Moderate Exit Risk
Exit risk score 4.5/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.