Based on 74 hedge funds · latest filing: 2026 Q2 · updated quarterly
📉
Selling streak — 4 quarters in a row
For 4 consecutive quarters, more hedge funds reduced or closed their METCB positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊
High ownership — 84% of 3.0Y peak
84% of all-time peak
74 funds currently hold this stock — 84% of the 3.0-year high of 88 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 16% fewer funds vs a year ago
fund count last 6Q
14 fewer hedge funds hold METCB compared to a year ago (-16% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟢
More buyers than sellers — 67% buying
56 buying28 selling
Last quarter: 56 funds were net buyers (16 opened a brand new position + 40 added to an existing one). Only 28 were sellers (9 trimmed + 19 sold completely). A clear majority buying is a strong confirmation signal.
📈
More new buyers each quarter (+6 vs last Q)
new funds entering per quarter
Funds opening a new METCB position: 18 → 12 → 10 → 16. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒
50% of holders stayed for 2+ years
■ 50% conviction (2yr+)
■ 31% medium
■ 19% new
37 out of 74 hedge funds have held METCB 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.
💎
Buying through price weakness — shares +6%, value -11%
Last quarter: funds added +6% more shares while total portfolio value only changed -11%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️
Steady discovery — ~16 new funds/quarter
22 → 18 → 12 → 10 → 16 new funds/Q
New funds entering each quarter: 18 → 12 → 10 → 16. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️
Veteran-anchored — 53% veterans vs 28% newcomers
■ 53% veterans
■ 19% 1-2yr
■ 28% new
Entry-cohort mix of 74 holders: 39 (53%) are 2+ year veterans, 14 entered 1–2 years ago, and 21 (28%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅
Strong quality — 23% AUM from major funds
23% from top-100 AUM funds
24 of 74 holders rank in the top 100 by AUM, accounting for 23% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
Exit risk score 2.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.