Based on 18 hedge funds · latest filing: 2026 Q2 · updated quarterly
📉
Selling streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds reduced or closed their MSAIW positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🔻
Below peak — only 49% of 3.0Y high
49% of all-time peak
Only 18 funds hold MSAIW today versus a peak of 37 funds at 2023 Q4 — just 49% 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.
📉
Outflows — 28% fewer funds vs a year ago
fund count last 6Q
7 fewer hedge funds hold MSAIW compared to a year ago (-28% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🔴
Heavy selling pressure — only 0% buying
0 buying4 selling
Last quarter: 4 funds sold vs only 0 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️
Steady new buyers — ~0 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 1 → 0 → 2 → 0. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒
89% of holders stayed for 2+ years
■ 89% conviction (2yr+)
■ 11% medium
■ 0% new
16 out of 18 hedge funds have held MSAIW 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.
💰
Price up while funds trimmed (+559% value, -10% shares)
Last quarter: total value of institutional MSAIW holdings rose +559% even though funds reduced share count by 10%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
➡️
Steady discovery — ~0 new funds/quarter
2 → 1 → 0 → 2 → 0 new funds/Q
New funds entering each quarter: 1 → 0 → 2 → 0. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️
Veteran-anchored — 89% veterans vs 11% newcomers
■ 89% veterans
■ 0% 1-2yr
■ 11% new
Entry-cohort mix of 18 holders: 16 (89%) are 2+ year veterans, 0 entered 1–2 years ago, and 2 (11%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋
Smaller funds dominant — 1% AUM from top-100
1% from top-100 AUM funds
2 of 17 holders rank in the top 100 by AUM, but together hold only 1% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
Exit risk score 3.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.