Based on 47 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added KRBN 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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Below peak — only 48% of 3.0Y high
48% of all-time peak
Only 47 funds hold KRBN today versus a peak of 98 funds at 2023 Q3 — just 48% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
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Outflows — 6% fewer funds vs a year ago
fund count last 6Q
3 fewer hedge funds hold KRBN 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 sellers than buyers — 43% buying
12 buying16 selling
Last quarter: 16 funds reduced or exited vs 12 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
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More new buyers each quarter (+6 vs last Q)
new funds entering per quarter
Funds opening a new KRBN position: 8 → 9 → 2 → 8. 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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74% of holders stayed for 2+ years
■ 74% conviction (2yr+)
■ 15% medium
■ 11% new
35 out of 47 hedge funds have held KRBN 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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Saturation — most institutions already know this story
6 → 8 → 9 → 2 → 8 new funds/Q
New funds entering each quarter: 8 → 9 → 2 → 8. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.
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Veteran-anchored — 77% veterans vs 17% newcomers
■ 77% veterans
■ 6% 1-2yr
■ 17% new
Entry-cohort mix of 47 holders: 36 (77%) are 2+ year veterans, 3 entered 1–2 years ago, and 8 (17%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Smaller funds dominant — 11% AUM from top-100
11% from top-100 AUM funds
7 of 47 holders rank in the top 100 by AUM, but together hold only 11% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
Exit risk score 1.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.