Based on 322 hedge funds · latest filing: 2026 Q1 · updated quarterly
📉
Selling streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds reduced or closed their GHC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️
At the ownership peak (95% of max)
95% of all-time peak
322 hedge funds hold GHC 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.
📶
Steady growth — +10% more funds vs a year ago
fund count last 6Q
+30 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.
🟠
More sellers than buyers — 48% buying
144 buying155 selling
Last quarter: 155 funds reduced or exited vs 144 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 (-15 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 43 → 44 → 51 → 36. 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.
🔒
64% of holders stayed for 2+ years
■ 64% conviction (2yr+)
■ 21% medium
■ 15% new
207 out of 322 hedge funds have held GHC 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.
➡️
Steady discovery — ~36 new funds/quarter
45 → 43 → 44 → 51 → 36 new funds/Q
New funds entering each quarter: 43 → 44 → 51 → 36. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️
Veteran-anchored — 69% veterans vs 22% newcomers
■ 69% veterans
■ 9% 1-2yr
■ 22% new
Entry-cohort mix of 322 holders: 221 (69%) are 2+ year veterans, 29 entered 1–2 years ago, and 72 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆
Elite ownership — 40% AUM from top-100 funds
40% from top-100 AUM funds
49 of 322 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in GHC. 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 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.