Based on 101 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 IFS 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
101 hedge funds hold IFS 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 — +25% more funds vs a year ago
fund count last 6Q
+20 new funds entered over the past year (+25% 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 — 51% buying
50 buying48 selling
Last quarter: 50 funds bought or added vs 48 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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More new buyers each quarter (+6 vs last Q)
new funds entering per quarter
Funds opening a new IFS position: 20 → 15 → 16 → 22. 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 — 36% long-term, 27% new
■ 36% conviction (2yr+)
■ 38% medium
■ 27% new
Of the 101 current holders: 36 (36%) held >2 years, 38 held 1–2 years, and 27 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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Steady discovery — ~22 new funds/quarter
20 → 20 → 15 → 16 → 22 new funds/Q
New funds entering each quarter: 20 → 15 → 16 → 22. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 46% veterans vs 34% newcomers
■ 46% veterans
■ 21% 1-2yr
■ 34% new
Entry-cohort mix of 101 holders: 46 (46%) are 2+ year veterans, 21 entered 1–2 years ago, and 34 (34%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 54% AUM from top-100 funds
54% from top-100 AUM funds
27 of 101 holders are among the 100 largest funds by AUM, controlling 54% of total institutional value in IFS. 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 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.