How it works
The machine, explained.
Three nouns run this product. A Print: the evidence changed. A stage: where the trade sits on the Conviction Curve. A Receipt: the timestamped proof of what happened between Prints. Here's the whole mechanism.
And it isn't only stocks. Most of what you own, you own through funds. We read those too, holding by holding, including the target-date fund in your 401k.
The Conviction Curve
Every stock sits somewhere on this curve.
Most people buy after Consensus. That's the definition of late. The evidence is legible long before. Fundprints tells you the stage today, and re-reads it every week, because trades move both ways: names cool off, get re-accumulated, heat up again.
In 13 months of weekly reads, names that turned Crowded or Fading had typically been on the radar 13 weeks earlier, at a healthier stage. That's the runway.
On the curve right now11 Emerging · 9 Early Conviction · 54 Consensus · 7 Crowded · 20 Fading · live, as of 2026-10-28
How we define crowd arrival: the stock sits in the top decile of lockstep crowding across institutional books, or its accumulation has peaked by our regime read: a stable, auditable definition, not a feeling. The options tape (Quiet / Neutral / Hot) is shown alongside as its own signal, not as a stage.
The five stages
Where a stock sits tells you what the evidence is worth.
The first graded specialists show up in the filings. Thin evidence: the stock is on the radar, not yet a case.
Several proven specialists converging on the same stock, independently, while the options tape is still quiet. This is the head start, the stage Fundprints exists to catch.
Participation broadens and the tape picks up. The market is catching on. Holders are being paid; fresh entries have less edge.
On the lockstep crowding list: too many institutions in the same trade at once, or accumulation has peaked. Not a prediction, a description of who's already in. Warnings fire here.
The evidence unwinds. Specialists trim, support fades. The record shows what tends to happen next, which is why the warnings matter as much as the finds.
How a Print fires
A Print is not a tip. It's a dated change in the evidence.
The evidence base recomputes
Every week, all 10,000+ filers are re-scored, every position re-aged, and every stock re-placed on the Conviction Curve.
A threshold crosses
A stock changes stage, a graded specialist joins, or the options tape turns Hot. The change itself is the event, not an opinion about it.
The Print fires
Dated the moment the evidence changed, pushed to the feed, and to your alerts if it's a stock you watch. That date never moves.
What a Receipt proves
Every claim on this site has a date attached.
When a journey completes (say, a stock enters Early Conviction and later turns Crowded), the pair of Prints becomes a Receipt: the entry evidence, the exit evidence, the move between them, and what the S&P 500 did over the same window. Receipts are generated from the record as it stood, dated when it happened. The warnings get Receipts too. check the archive.
The Theme Map, live
These are the trades the specialists are building right now.
Every dot is a live basket of stocks backed by several of the world's best-performing funds at the same time. The map shows where the money sits: early on the left, crowded and leaving on the right. It redraws itself as new filings land.
Ringed dots are showcase themes, the top of the run by calibrated score. Click any theme to see the case. The names inside unlock with a free account.
See who's inside each theme →The three objections, answered
“Filings are 45 days late.”
They are, and it barely matters. These investors build over months and hold for quarters; a disclosed buy is usually still alive. Then we correct the lag itself, week after week.
“If it's so obvious, it's priced in.”
The edge is buried in tedium: 10,000+ filers, unreadable at scale. Almost nobody does the work, and it regenerates every quarter. The infrastructure is the product.
“Is this insider trading?”
No. The opposite. Everything we read is public and mandatory. We don't know anything the market can't know. We just read it earlier, and more carefully.
Fit
Built for a specific investor. Maybe not you.
- You hold positions for one to six months
- You want evidence, not tips
- You'd rather be early and patient than late and loud
- Day traders. Nothing here moves intraday
- Indexers. You're already doing fine, keep going
- Anyone who wants certainty. Markets don't sell it