Based on 39 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 LNZA 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 51% of 3.0Y high
51% of all-time peak
Only 39 funds hold LNZA today versus a peak of 76 funds at 2025 Q1 — just 51% 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 — 34% fewer funds vs a year ago
fund count last 6Q
20 fewer hedge funds hold LNZA compared to a year ago (-34% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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More buyers than sellers — 87% buying
34 buying5 selling
Last quarter: 34 funds were net buyers (23 opened a brand new position + 11 added to an existing one). Only 5 were sellers (1 trimmed + 4 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+19 vs last Q)
new funds entering per quarter
Funds opening a new LNZA position: 4 → 1 → 4 → 23. 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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49% of holders stayed for 2+ years
■ 49% conviction (2yr+)
■ 33% medium
■ 18% new
19 out of 39 hedge funds have held LNZA 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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Buying through price weakness — shares +549%, value +178%
Last quarter: funds added +549% more shares while total portfolio value only changed +178%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
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Acceleration phase — new buyers rushing in
17 → 4 → 1 → 4 → 23 new funds/Q
New funds entering each quarter: 4 → 1 → 4 → 23. 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 — 62% veterans vs 13% newcomers
■ 62% veterans
■ 26% 1-2yr
■ 13% new
Entry-cohort mix of 39 holders: 24 (62%) are 2+ year veterans, 10 entered 1–2 years ago, and 5 (13%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅
Strong quality — 36% AUM from major funds
36% from top-100 AUM funds
19 of 39 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
Exit risk score 1.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.