Based on 51 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 RENT 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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Below peak — only 53% of 3.0Y high
53% of all-time peak
Only 51 funds hold RENT today versus a peak of 96 funds at 2015 Q3 — just 53% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
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Fast accumulation — +82% more funds vs a year ago
fund count last 6Q
+23 new funds entered over the past year (+82% 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.
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More buyers than sellers — 61% buying
30 buying19 selling
Last quarter: 30 funds were net buyers (19 opened a brand new position + 11 added to an existing one). Only 19 were sellers (9 trimmed + 10 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+11 vs last Q)
new funds entering per quarter
Funds opening a new RENT position: 12 → 18 → 8 → 19. 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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51% of holders stayed for 2+ years
■ 51% conviction (2yr+)
■ 24% medium
■ 25% new
26 out of 51 hedge funds have held RENT 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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Buying through price weakness — shares +6%, value -30%
Last quarter: funds added +6% more shares while total portfolio value only changed -30%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️
Steady discovery — ~19 new funds/quarter
2 → 12 → 18 → 8 → 19 new funds/Q
New funds entering each quarter: 12 → 18 → 8 → 19. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 49% veterans vs 22% newcomers
■ 49% veterans
■ 29% 1-2yr
■ 22% new
Entry-cohort mix of 51 holders: 25 (49%) are 2+ year veterans, 15 entered 1–2 years ago, and 11 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 52% AUM from top-100 funds
52% from top-100 AUM funds
19 of 51 holders are among the 100 largest funds by AUM, controlling 52% of total institutional value in RENT. 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 1.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.