Just caught up on some institutional positioning data for COY, and there's actually some interesting movement happening. The analyst price target got bumped up to 137.16€ from 112.78€ back in January—that's a solid 21.61% revision. Current price is sitting around 131.36€, so there's still some upside if these targets pan out. What caught my eye though is the fund activity. Yeah, the number of institutional holders dropped by about 165 positions last quarter, but some of the big players are actually increasing their stakes. Schroder Investment Management jumped their position by 48%, and a couple of the Vanguard index funds are also adding to COY holdings. The average fund allocation is tiny at 0.24%, but that uptick of 3.09% suggests maybe there's quiet accumulation happening. Institutions now hold around 211M shares total. Curious if this is a sign of confidence or just index rebalancing.