Based on 83 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Selling streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds reduced or closed their FXE positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
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High ownership — 81% of 3.0Y peak
81% of all-time peak
83 funds currently hold this stock — 81% of the 3.0-year high of 102 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 19% fewer funds vs a year ago
fund count last 6Q
19 fewer hedge funds hold FXE compared to a year ago (-19% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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More sellers than buyers — 40% buying
33 buying50 selling
Last quarter: 50 funds reduced or exited vs 33 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️
Fewer new buyers each quarter (-7 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 21 → 16 → 19 → 12. 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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47% of holders stayed for 2+ years
■ 47% conviction (2yr+)
■ 30% medium
■ 23% new
39 out of 83 hedge funds have held FXE 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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Peak discovery — momentum slowing
56 → 21 → 16 → 19 → 12 new funds/Q
New funds entering each quarter: 21 → 16 → 19 → 12. FXE is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
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Veteran-anchored — 55% veterans vs 40% newcomers
■ 55% veterans
■ 4% 1-2yr
■ 40% new
Entry-cohort mix of 89 holders: 49 (55%) are 2+ year veterans, 4 entered 1–2 years ago, and 36 (40%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 59% AUM from top-100 funds
59% from top-100 AUM funds
13 of 78 holders are among the 100 largest funds by AUM, controlling 59% of total institutional value in FXE. 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 3.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.