13 May 2025 Asia Quantitative Strategy India Quant Strategy: Institutional Ownership Trends- What is crowded and where are the opportunities? Rupal Agarwal +65 6326 7641 rupal.agarwal@bernsteinsg.com Cheng Zhang, CFA, CQF +852 2123 2636 cheng.zhang@bernsteinsg.com In this note, we present an update of the most institutionally crowded stocks in India and the under-owned alpha opportunities. We further extend the analysis to use ownership data as an effective industry rotation tool. Ownership by investor type ...