Based on 233 hedge funds · latest filing: 2026 Q1 · updated quarterly
➡️
No change last quarter
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
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High ownership — 80% of 3.0Y peak
80% of all-time peak
233 funds currently hold this stock — 80% of the 3.0-year high of 292 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 10% fewer funds vs a year ago
fund count last 6Q
27 fewer hedge funds hold SG compared to a year ago (-10% 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
131 buying121 selling
Last quarter: 131 funds bought or added vs 121 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.
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Fewer new buyers each quarter (-14 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 61 → 53 → 66 → 52. 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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41% of holders stayed for 2+ years
■ 41% conviction (2yr+)
■ 32% medium
■ 27% new
96 out of 233 hedge funds have held SG 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 -2%, value -26%
Last quarter: funds added -2% more shares while total portfolio value only changed -26%. 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 — ~52 new funds/quarter
47 → 61 → 53 → 66 → 52 new funds/Q
New funds entering each quarter: 61 → 53 → 66 → 52. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 53% veterans vs 25% newcomers
■ 53% veterans
■ 22% 1-2yr
■ 25% new
Entry-cohort mix of 258 holders: 137 (53%) are 2+ year veterans, 56 entered 1–2 years ago, and 65 (25%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 47% AUM from top-100 funds
47% from top-100 AUM funds
42 of 229 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in SG. 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 2.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.