Based on 351 hedge funds · latest filing: 2026 Q2 · updated quarterly
📈
Buying streak — 7 quarters in a row
For 7 consecutive quarters, more hedge funds added NVTS 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.
🏔️
At the ownership peak (100% of max)
100% of all-time peak
351 hedge funds hold NVTS 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.
🚀
Fast accumulation — +60% more funds vs a year ago
fund count last 6Q
+132 new funds entered over the past year (+60% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢
More buyers than sellers — 60% buying
233 buying154 selling
Last quarter: 233 funds were net buyers (114 opened a brand new position + 119 added to an existing one). Only 154 were sellers (97 trimmed + 57 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+46 vs last Q)
new funds entering per quarter
Funds opening a new NVTS position: 58 → 81 → 68 → 114. 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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Mixed — 26% long-term, 46% new
■ 26% conviction (2yr+)
■ 28% medium
■ 46% new
Of the 351 current holders: 93 (26%) held >2 years, 97 held 1–2 years, and 161 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💰
Value +169% but shares only +36% — price-driven
Last quarter: the total dollar value of institutional holdings rose +169%, but actual share count only changed +36%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
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Growing discovery — still being found
98 → 58 → 81 → 68 → 114 new funds/Q
New funds entering each quarter: 58 → 81 → 68 → 114. A growing number of institutions are discovering NVTS each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Mixed cohorts — 36% veterans, 52% new entrants
■ 36% veterans
■ 12% 1-2yr
■ 52% new
Of 391 current holders: 139 (36%) held 2+ years, 47 held 1–2 years, 205 (52%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Elite ownership — 59% AUM from top-100 funds
59% from top-100 AUM funds
52 of 343 holders are among the 100 largest funds by AUM, controlling 59% of total institutional value in NVTS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.8
out of 10
Moderate Exit Risk
Exit risk score 4.8/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.