Based on 109 hedge funds · latest filing: 2026 Q1 · updated quarterly
📈
Buying streak — 4 quarters in a row
For 4 consecutive quarters, more hedge funds added TRAK 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.
🏔️
At the ownership peak (100% of max)
100% of all-time peak
109 hedge funds hold TRAK 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.
🚀
Fast accumulation — +28% more funds vs a year ago
fund count last 6Q
+24 new funds entered over the past year (+28% 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.
🟢
More buyers than sellers — 71% buying
77 buying32 selling
Last quarter: 77 funds were net buyers (33 opened a brand new position + 44 added to an existing one). Only 32 were sellers (17 trimmed + 15 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+18 vs last Q)
new funds entering per quarter
Funds opening a new TRAK position: 13 → 14 → 15 → 33. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒
48% of holders stayed for 2+ years
■ 48% conviction (2yr+)
■ 18% medium
■ 34% new
52 out of 109 hedge funds have held TRAK 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.
💎
Buying through price weakness — shares +3%, value -39%
Last quarter: funds added +3% 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.
🚀
Acceleration phase — new buyers rushing in
9 → 13 → 14 → 15 → 33 new funds/Q
New funds entering each quarter: 13 → 14 → 15 → 33. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️
Veteran-anchored — 59% veterans vs 32% newcomers
■ 59% veterans
■ 9% 1-2yr
■ 32% new
Entry-cohort mix of 110 holders: 65 (59%) are 2+ year veterans, 10 entered 1–2 years ago, and 35 (32%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅
Strong quality — 29% AUM from major funds
29% from top-100 AUM funds
31 of 109 holders rank in the top 100 by AUM, accounting for 29% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
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.