Based on 51 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added IFV 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 — 88% of 3.0Y peak
88% of all-time peak
51 funds currently hold this stock — 88% of the 3.0-year high of 58 funds (reached 2024 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Stable — ownership unchanged year-over-year
fund count last 6Q
The number of hedge funds holding IFV is almost the same as a year ago (+0 funds, +0% change). No significant rush to buy or sell — institutional backing is holding steady.
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More buyers than sellers — 61% buying
33 buying21 selling
Last quarter: 33 funds were net buyers (13 opened a brand new position + 20 added to an existing one). Only 21 were sellers (13 trimmed + 8 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+6 vs last Q)
new funds entering per quarter
Funds opening a new IFV position: 2 → 7 → 7 → 13. 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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73% of holders stayed for 2+ years
■ 73% conviction (2yr+)
■ 12% medium
■ 16% new
37 out of 51 hedge funds have held IFV 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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Growing discovery — still being found
8 → 2 → 7 → 7 → 13 new funds/Q
New funds entering each quarter: 2 → 7 → 7 → 13. A growing number of institutions are discovering IFV each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Deep conviction — 78% of holders stayed 2+ years
■ 78% veterans
■ 6% 1-2yr
■ 16% new
Of 51 current holders: 40 (78%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
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Elite ownership — 62% AUM from top-100 funds
62% from top-100 AUM funds
9 of 51 holders are among the 100 largest funds by AUM, controlling 62% of total institutional value in IFV. 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 2.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.