Based on 777 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Selling streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds reduced or closed their TYL positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
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High ownership — 93% of 3.0Y peak
93% of all-time peak
777 funds currently hold this stock — 93% of the 3.0-year high of 832 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 6% fewer funds vs a year ago
fund count last 6Q
47 fewer hedge funds hold TYL compared to a year ago (-6% 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 — 51% buying
440 buying416 selling
Last quarter: 440 funds bought or added vs 416 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 (+6 vs last Q)
new funds entering per quarter
Funds opening a new TYL position: 81 → 108 → 113 → 119. 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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64% of holders stayed for 2+ years
■ 64% conviction (2yr+)
■ 17% medium
■ 20% new
494 out of 777 hedge funds have held TYL 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 -4%, value -35%
Last quarter: funds added -4% more shares while total portfolio value only changed -35%. 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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Growing discovery — still being found
108 → 81 → 108 → 113 → 119 new funds/Q
New funds entering each quarter: 81 → 108 → 113 → 119. A growing number of institutions are discovering TYL each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Veteran-anchored — 68% veterans vs 22% newcomers
■ 68% veterans
■ 10% 1-2yr
■ 22% new
Entry-cohort mix of 791 holders: 536 (68%) are 2+ year veterans, 78 entered 1–2 years ago, and 177 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 42% AUM from top-100 funds
42% from top-100 AUM funds
60 of 775 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in TYL. 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 3.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.