Based on 125 hedge funds · latest filing: 2025 Q4 · updated quarterly
📈
Buying streak — 11 quarters in a row
For 11 consecutive quarters, more hedge funds added QGRW 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
125 hedge funds hold QGRW 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 — +49% more funds vs a year ago
fund count last 6Q
+41 new funds entered over the past year (+49% 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 — 70% buying
87 buying38 selling
Last quarter: 87 funds were net buyers (26 opened a brand new position + 61 added to an existing one). Only 38 were sellers (30 trimmed + 8 sold completely). A clear majority buying is a strong confirmation signal.
➡️
Steady new buyers — ~26 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 17 → 15 → 21 → 26. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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Mostly new holders — 37% entered in last year
■ 11% conviction (2yr+)
■ 52% medium
■ 37% new
Only 14 funds (11%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
📈
Growing discovery — still being found
23 → 17 → 15 → 21 → 26 new funds/Q
New funds entering each quarter: 17 → 15 → 21 → 26. A growing number of institutions are discovering QGRW each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Mixed cohorts — 7% veterans, 54% new entrants
■ 7% veterans
■ 38% 1-2yr
■ 54% new
Of 125 current holders: 9 (7%) held 2+ years, 48 held 1–2 years, 68 (54%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅
Strong quality — 31% AUM from major funds
31% from top-100 AUM funds
13 of 125 holders rank in the top 100 by AUM, accounting for 31% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.5
out of 10
Moderate Exit Risk
Exit risk score 4.5/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.