Based on 336 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 3 quarters in a row
For 3 consecutive quarters, more hedge funds added GKOS 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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At the ownership peak (100% of max)
100% of all-time peak
336 hedge funds hold GKOS 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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Steady growth — +7% more funds vs a year ago
fund count last 6Q
+21 new funds entered over the past year (+7% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
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More sellers than buyers — 49% buying
162 buying172 selling
Last quarter: 172 funds reduced or exited vs 162 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.
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Fewer new buyers each quarter (-29 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 45 → 61 → 78 → 49. 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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58% of holders stayed for 2+ years
■ 58% conviction (2yr+)
■ 24% medium
■ 18% new
195 out of 336 hedge funds have held GKOS 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
58 → 45 → 61 → 78 → 49 new funds/Q
New funds entering each quarter: 45 → 61 → 78 → 49. A growing number of institutions are discovering GKOS each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Veteran-anchored — 66% veterans vs 22% newcomers
■ 66% veterans
■ 13% 1-2yr
■ 22% new
Entry-cohort mix of 343 holders: 225 (66%) are 2+ year veterans, 44 entered 1–2 years ago, and 74 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 50% AUM from top-100 funds
50% from top-100 AUM funds
56 of 332 holders are among the 100 largest funds by AUM, controlling 50% of total institutional value in GKOS. 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 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.