Based on 191 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added UDMY 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
191 hedge funds hold UDMY 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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Steady growth — +15% more funds vs a year ago
fund count last 6Q
+25 new funds entered over the past year (+15% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
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Slight buying edge — 59% buying
124 buying87 selling
Last quarter: 124 funds bought or added vs 87 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 (+8 vs last Q)
new funds entering per quarter
Funds opening a new UDMY position: 37 → 34 → 41 → 49. 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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Mixed — 39% long-term, 34% new
■ 39% conviction (2yr+)
■ 27% medium
■ 34% new
Of the 191 current holders: 75 (39%) held >2 years, 51 held 1–2 years, and 65 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
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Buying through price weakness — shares +2%, value -20%
Last quarter: funds added +2% more shares while total portfolio value only changed -20%. 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
31 → 37 → 34 → 41 → 49 new funds/Q
New funds entering each quarter: 37 → 34 → 41 → 49. A growing number of institutions are discovering UDMY each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Veteran-anchored — 45% veterans vs 40% newcomers
■ 45% veterans
■ 15% 1-2yr
■ 40% new
Entry-cohort mix of 193 holders: 87 (45%) are 2+ year veterans, 28 entered 1–2 years ago, and 78 (40%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Strong quality — 21% AUM from major funds
21% from top-100 AUM funds
44 of 191 holders rank in the top 100 by AUM, accounting for 21% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.