Based on 162 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added RXST 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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High ownership — 72% of 3.0Y peak
72% of all-time peak
162 funds currently hold this stock — 72% of the 3.0-year high of 224 funds (reached 2024 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 15% fewer funds vs a year ago
fund count last 6Q
29 fewer hedge funds hold RXST compared to a year ago (-15% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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Slight buying edge — 52% buying
92 buying86 selling
Last quarter: 92 funds bought or added vs 86 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️
Steady new buyers — ~33 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 36 → 33 → 34 → 33. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒
44% of holders stayed for 2+ years
■ 44% conviction (2yr+)
■ 30% medium
■ 26% new
71 out of 162 hedge funds have held RXST 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 +5%, value -39%
Last quarter: funds added +5% more shares while total portfolio value only changed -39%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
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Steady discovery — ~33 new funds/quarter
24 → 36 → 33 → 34 → 33 new funds/Q
New funds entering each quarter: 36 → 33 → 34 → 33. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 50% veterans vs 26% newcomers
■ 50% veterans
■ 24% 1-2yr
■ 26% new
Entry-cohort mix of 165 holders: 83 (50%) are 2+ year veterans, 39 entered 1–2 years ago, and 43 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Strong quality — 37% AUM from major funds
37% from top-100 AUM funds
39 of 162 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
Exit risk score 2.2/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.