Based on 904 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 11 quarters in a row
For 11 consecutive quarters, more hedge funds added GLDM 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
904 hedge funds hold GLDM 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 — +50% more funds vs a year ago
fund count last 6Q
+303 new funds entered over the past year (+50% 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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More sellers than buyers — 47% buying
414 buying466 selling
Last quarter: 466 funds reduced or exited vs 414 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 (-42 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 128 → 120 → 176 → 134. 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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Mixed — 35% long-term, 33% new
■ 35% conviction (2yr+)
■ 33% medium
■ 33% new
Of the 904 current holders: 315 (35%) held >2 years, 294 held 1–2 years, and 295 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
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Growing discovery — still being found
106 → 128 → 120 → 176 → 134 new funds/Q
New funds entering each quarter: 128 → 120 → 176 → 134. A growing number of institutions are discovering GLDM each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Mixed cohorts — 39% veterans, 43% new entrants
■ 39% veterans
■ 18% 1-2yr
■ 43% new
Of 904 current holders: 353 (39%) held 2+ years, 161 held 1–2 years, 390 (43%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Elite ownership — 41% AUM from top-100 funds
41% from top-100 AUM funds
31 of 903 holders are among the 100 largest funds by AUM, controlling 41% of total institutional value in GLDM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.6
out of 10
Moderate Exit Risk
Exit risk score 4.6/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.