Based on 159 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added HUMA 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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High ownership — 94% of 3.0Y peak
94% of all-time peak
159 funds currently hold this stock — 94% of the 3.0-year high of 169 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 6% fewer funds vs a year ago
fund count last 6Q
10 fewer hedge funds hold HUMA compared to a year ago (-6% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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More buyers than sellers — 63% buying
89 buying53 selling
Last quarter: 89 funds were net buyers (34 opened a brand new position + 55 added to an existing one). Only 53 were sellers (34 trimmed + 19 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+11 vs last Q)
new funds entering per quarter
Funds opening a new HUMA position: 32 → 17 → 23 → 34. 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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Mixed — 34% long-term, 26% new
■ 34% conviction (2yr+)
■ 40% medium
■ 26% new
Of the 159 current holders: 54 (34%) held >2 years, 64 held 1–2 years, and 41 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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Buying through price weakness — shares +8%, value -32%
Last quarter: funds added +8% more shares while total portfolio value only changed -32%. 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
38 → 32 → 17 → 23 → 34 new funds/Q
New funds entering each quarter: 32 → 17 → 23 → 34. A growing number of institutions are discovering HUMA each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Mixed cohorts — 39% veterans, 34% new entrants
■ 39% veterans
■ 27% 1-2yr
■ 34% new
Of 163 current holders: 64 (39%) held 2+ years, 44 held 1–2 years, 55 (34%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅
Strong quality — 32% AUM from major funds
32% from top-100 AUM funds
32 of 156 holders rank in the top 100 by AUM, accounting for 32% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
Exit risk score 3.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.