Based on 392 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added MATX 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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At the ownership peak (100% of max)
100% of all-time peak
392 hedge funds hold MATX 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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Stable — ownership unchanged year-over-year
fund count last 6Q
The number of hedge funds holding MATX is almost the same as a year ago (+7 funds, +2% change). No significant rush to buy or sell — institutional backing is holding steady.
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Slight buying edge — 54% buying
198 buying172 selling
Last quarter: 198 funds bought or added vs 172 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
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More new buyers each quarter (+13 vs last Q)
new funds entering per quarter
Funds opening a new MATX position: 60 → 45 → 68 → 81. 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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60% of holders stayed for 2+ years
■ 60% conviction (2yr+)
■ 19% medium
■ 20% new
237 out of 392 hedge funds have held MATX 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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Price up while funds trimmed (+25% value, -0% shares)
Last quarter: total value of institutional MATX holdings rose +25% even though funds reduced share count by 0%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
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Growing discovery — still being found
61 → 60 → 45 → 68 → 81 new funds/Q
New funds entering each quarter: 60 → 45 → 68 → 81. A growing number of institutions are discovering MATX each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Veteran-anchored — 66% veterans vs 22% newcomers
■ 66% veterans
■ 12% 1-2yr
■ 22% new
Entry-cohort mix of 400 holders: 265 (66%) are 2+ year veterans, 47 entered 1–2 years ago, and 88 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 42% AUM from top-100 funds
42% from top-100 AUM funds
53 of 388 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in MATX. 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 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.