Based on 225 hedge funds · latest filing: 2026 Q1 · updated quarterly
📈
Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added OUST 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 (99% of max)
99% of all-time peak
225 hedge funds hold OUST 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 — +38% more funds vs a year ago
fund count last 6Q
+62 new funds entered over the past year (+38% 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 — 61% buying
150 buying95 selling
Last quarter: 150 funds were net buyers (47 opened a brand new position + 103 added to an existing one). Only 95 were sellers (50 trimmed + 45 sold completely). A clear majority buying is a strong confirmation signal.
➡️
Steady new buyers — ~47 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 65 → 65 → 46 → 47. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌
Mixed — 26% long-term, 38% new
■ 26% conviction (2yr+)
■ 36% medium
■ 38% new
Of the 225 current holders: 59 (26%) held >2 years, 80 held 1–2 years, and 86 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.
💎
Buying through price weakness — shares +0%, value -17%
Last quarter: funds added +0% more shares while total portfolio value only changed -17%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊
Peak discovery — momentum slowing
42 → 65 → 65 → 46 → 47 new funds/Q
New funds entering each quarter: 65 → 65 → 46 → 47. OUST is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
📊
Mixed cohorts — 34% veterans, 47% new entrants
■ 34% veterans
■ 19% 1-2yr
■ 47% new
Of 238 current holders: 82 (34%) held 2+ years, 45 held 1–2 years, 111 (47%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅
Strong quality — 38% AUM from major funds
38% from top-100 AUM funds
45 of 222 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.