Based on 235 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 TNK 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
235 hedge funds hold TNK 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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Fast accumulation — +21% more funds vs a year ago
fund count last 6Q
+40 new funds entered over the past year (+21% 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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Slight buying edge — 58% buying
143 buying102 selling
Last quarter: 143 funds bought or added vs 102 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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More new buyers each quarter (+11 vs last Q)
new funds entering per quarter
Funds opening a new TNK position: 36 → 25 → 40 → 51. 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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Mostly new holders — 33% entered in last year
■ 3% conviction (2yr+)
■ 64% medium
■ 33% new
Only 8 funds (3%) 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.
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Value +51% but shares only +17% — price-driven
Last quarter: the total dollar value of institutional holdings rose +51%, but actual share count only changed +17%. 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
44 → 36 → 25 → 40 → 51 new funds/Q
New funds entering each quarter: 36 → 25 → 40 → 51. A growing number of institutions are discovering TNK each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Mixed cohorts — 4% veterans, 40% new entrants
■ 4% veterans
■ 57% 1-2yr
■ 40% new
Of 242 current holders: 9 (4%) held 2+ years, 137 held 1–2 years, 96 (40%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
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Elite ownership — 44% AUM from top-100 funds
44% from top-100 AUM funds
43 of 235 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in TNK. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.