Based on 158 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added RBBN 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.
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At the ownership peak (100% of max)
100% of all-time peak
158 hedge funds hold RBBN 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.
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Steady growth — +10% more funds vs a year ago
fund count last 6Q
+15 new funds entered over the past year (+10% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
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More buyers than sellers — 62% buying
89 buying55 selling
Last quarter: 89 funds were net buyers (25 opened a brand new position + 64 added to an existing one). Only 55 were sellers (41 trimmed + 14 sold completely). A clear majority buying is a strong confirmation signal.
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Fewer new buyers each quarter (-11 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 24 → 24 → 36 → 25. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
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61% of holders stayed for 2+ years
■ 61% conviction (2yr+)
■ 19% medium
■ 20% new
97 out of 158 hedge funds have held RBBN 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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Value +83% but shares only +66% — price-driven
Last quarter: the total dollar value of institutional holdings rose +83%, but actual share count only changed +66%. 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
22 → 24 → 24 → 36 → 25 new funds/Q
New funds entering each quarter: 24 → 24 → 36 → 25. A growing number of institutions are discovering RBBN each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Veteran-anchored — 69% veterans vs 23% newcomers
■ 69% veterans
■ 8% 1-2yr
■ 23% new
Entry-cohort mix of 161 holders: 111 (69%) are 2+ year veterans, 13 entered 1–2 years ago, and 37 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 79% AUM from top-100 funds
79% from top-100 AUM funds
47 of 158 holders are among the 100 largest funds by AUM, controlling 79% of total institutional value in RBBN. 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 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.