Based on 203 hedge funds · latest filing: 2026 Q2 · updated quarterly
📈
Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added IGPT 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.
🏔️
At the ownership peak (100% of max)
100% of all-time peak
203 hedge funds hold IGPT 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 — +77% more funds vs a year ago
fund count last 6Q
+88 new funds entered over the past year (+77% 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.
🟢
More buyers than sellers — 75% buying
125 buying41 selling
Last quarter: 125 funds were net buyers (70 opened a brand new position + 55 added to an existing one). Only 41 were sellers (29 trimmed + 12 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+48 vs last Q)
new funds entering per quarter
Funds opening a new IGPT position: 15 → 39 → 22 → 70. 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, 40% new
■ 36% conviction (2yr+)
■ 24% medium
■ 40% new
Of the 203 current holders: 73 (36%) held >2 years, 49 held 1–2 years, and 81 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.
💰
Value +103% but shares only +13% — price-driven
Last quarter: the total dollar value of institutional holdings rose +103%, but actual share count only changed +13%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
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Acceleration phase — new buyers rushing in
25 → 15 → 39 → 22 → 70 new funds/Q
New funds entering each quarter: 15 → 39 → 22 → 70. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
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Veteran-anchored — 42% veterans vs 43% newcomers
■ 42% veterans
■ 14% 1-2yr
■ 43% new
Entry-cohort mix of 205 holders: 87 (42%) are 2+ year veterans, 29 entered 1–2 years ago, and 89 (43%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 53% AUM from top-100 funds
53% from top-100 AUM funds
20 of 201 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in IGPT. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.8
out of 10
Moderate Exit Risk
Exit risk score 4.8/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.