Based on 9 hedge funds · latest filing: 2026 Q2 · updated quarterly
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No change last quarter
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
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High ownership — 82% of 3.0Y peak
82% of all-time peak
9 funds currently hold this stock — 82% of the 3.0-year high of 11 funds (reached 2023 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 18% fewer funds vs a year ago
fund count last 6Q
2 fewer hedge funds hold NVZMY compared to a year ago (-18% 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 — 75% buying
6 buying2 selling
Last quarter: 6 funds were net buyers (1 opened a brand new position + 5 added to an existing one). Only 2 were sellers (1 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.
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Steady new buyers — ~1 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 1 → 3 → 2 → 1. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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44% of holders stayed for 2+ years
■ 44% conviction (2yr+)
■ 22% medium
■ 33% new
4 out of 9 hedge funds have held NVZMY 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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Peak discovery — momentum slowing
3 → 1 → 3 → 2 → 1 new funds/Q
New funds entering each quarter: 1 → 3 → 2 → 1. NVZMY is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
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Veteran-anchored — 44% veterans vs 44% newcomers
■ 44% veterans
■ 11% 1-2yr
■ 44% new
Entry-cohort mix of 9 holders: 4 (44%) are 2+ year veterans, 1 entered 1–2 years ago, and 4 (44%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 66% AUM from top-100 funds
66% from top-100 AUM funds
2 of 9 holders are among the 100 largest funds by AUM, controlling 66% of total institutional value in NVZMY. 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 2.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.