Based on 145 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Selling streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds reduced or closed their GCMG 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 — 87% of 3.0Y peak
87% of all-time peak
145 funds currently hold this stock — 87% of the 3.0-year high of 167 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 10% fewer funds vs a year ago
fund count last 6Q
16 fewer hedge funds hold GCMG compared to a year ago (-10% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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Slight buying edge — 50% buying
81 buying82 selling
Last quarter: 81 funds bought or added vs 82 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 GCMG position: 18 → 31 → 20 → 28. 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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51% of holders stayed for 2+ years
■ 51% conviction (2yr+)
■ 27% medium
■ 22% new
74 out of 145 hedge funds have held GCMG 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 — ~28 new funds/quarter
39 → 18 → 31 → 20 → 28 new funds/Q
New funds entering each quarter: 18 → 31 → 20 → 28. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 59% veterans vs 28% newcomers
■ 59% veterans
■ 14% 1-2yr
■ 28% new
Entry-cohort mix of 145 holders: 85 (59%) are 2+ year veterans, 20 entered 1–2 years ago, and 40 (28%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 43% AUM from top-100 funds
43% from top-100 AUM funds
38 of 145 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in GCMG. 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 2.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.