Based on 64 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added GOCO 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 (97% of max)
97% of all-time peak
64 hedge funds hold GOCO 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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Stable — ownership unchanged year-over-year
fund count last 6Q
The number of hedge funds holding GOCO is almost the same as a year ago (-2 funds, -3% change). No significant rush to buy or sell — institutional backing is holding steady.
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More buyers than sellers — 62% buying
33 buying20 selling
Last quarter: 33 funds were net buyers (15 opened a brand new position + 18 added to an existing one). Only 20 were sellers (13 trimmed + 7 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+8 vs last Q)
new funds entering per quarter
Funds opening a new GOCO position: 5 → 12 → 7 → 15. 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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41% of holders stayed for 2+ years
■ 41% conviction (2yr+)
■ 30% medium
■ 30% new
26 out of 64 hedge funds have held GOCO 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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Buying through price weakness — shares +3%, value -28%
Last quarter: funds added +3% more shares while total portfolio value only changed -28%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
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Growing discovery — still being found
16 → 5 → 12 → 7 → 15 new funds/Q
New funds entering each quarter: 5 → 12 → 7 → 15. A growing number of institutions are discovering GOCO each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Veteran-anchored — 47% veterans vs 39% newcomers
■ 47% veterans
■ 14% 1-2yr
■ 39% new
Entry-cohort mix of 64 holders: 30 (47%) are 2+ year veterans, 9 entered 1–2 years ago, and 25 (39%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Smaller funds dominant — 8% AUM from top-100
8% from top-100 AUM funds
24 of 64 holders rank in the top 100 by AUM, but together hold only 8% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.