Based on 199 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 5 quarters in a row
For 5 consecutive quarters, more hedge funds added JPIB 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
199 hedge funds hold JPIB 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 — +73% more funds vs a year ago
fund count last 6Q
+84 new funds entered over the past year (+73% 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 — 73% buying
147 buying54 selling
Last quarter: 147 funds were net buyers (40 opened a brand new position + 107 added to an existing one). Only 54 were sellers (39 trimmed + 15 sold completely). A clear majority buying is a strong confirmation signal.
➡️
Steady new buyers — ~40 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 20 → 36 → 42 → 40. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Mixed — 37% long-term, 39% new
■ 37% conviction (2yr+)
■ 25% medium
■ 39% new
Of the 199 current holders: 73 (37%) held >2 years, 49 held 1–2 years, and 77 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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Growing discovery — still being found
21 → 20 → 36 → 42 → 40 new funds/Q
New funds entering each quarter: 20 → 36 → 42 → 40. A growing number of institutions are discovering JPIB each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Mixed cohorts — 37% veterans, 49% new entrants
■ 37% veterans
■ 15% 1-2yr
■ 49% new
Of 199 current holders: 73 (37%) held 2+ years, 29 held 1–2 years, 97 (49%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Smaller funds dominant — 13% AUM from top-100
13% from top-100 AUM funds
11 of 199 holders rank in the top 100 by AUM, but together hold only 13% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.9
out of 10
Moderate Exit Risk
Exit risk score 4.9/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.