Based on 183 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 4 quarters in a row
For 4 consecutive quarters, more hedge funds added GRFS 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
183 hedge funds hold GRFS 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 — +28% more funds vs a year ago
fund count last 6Q
+40 new funds entered over the past year (+28% 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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Slight buying edge — 55% buying
98 buying81 selling
Last quarter: 98 funds bought or added vs 81 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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Steady new buyers — ~27 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 24 → 42 → 30 → 27. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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55% of holders stayed for 2+ years
■ 55% conviction (2yr+)
■ 20% medium
■ 26% new
100 out of 183 hedge funds have held GRFS 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 — ~27 new funds/quarter
20 → 24 → 42 → 30 → 27 new funds/Q
New funds entering each quarter: 24 → 42 → 30 → 27. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 62% veterans vs 28% newcomers
■ 62% veterans
■ 10% 1-2yr
■ 28% new
Entry-cohort mix of 186 holders: 115 (62%) are 2+ year veterans, 18 entered 1–2 years ago, and 53 (28%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Strong quality — 39% AUM from major funds
39% from top-100 AUM funds
33 of 182 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.