CROWD: RED
Active holders jumped 404 to 355 recently. Ten years of our own data says fast institutional pile-ins mark late money, not early money. Careful chasing this.
Active holders
355
of 589 total, index funds excluded
This quarter
+76
124 out
Conviction
1 bps
median holder weight: token bet
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2019Mar 2026
Holdings as of Mar 31, 2026, filed by May 16, 2026. Counts for the newest quarter keep settling for a few weeks as amendments land.
The tide
funds in (up) vs out (down)
Top holders
by reported value · $11.0B held
Fund
Value
Note
Capital Research Global Inv…
$1.1B
Capital World Investors
$1.0B
MORGAN STANLEY
$995M
BlackRock, Inc.
$858M
FMR LLC
$792M
VANGUARD CAPITAL MANAGEMENT…
$557M
VANGUARD PORTFOLIO MANAGEME…
$532M
STATE STREET CORP
$276M
Durable Capital Partners LP
$259M
GEODE CAPITAL MANAGEMENT, L…
$252M
Tourists vs true believers
every holder a dot · right = bigger bet in their own book, up = patient money
Hover any dot for the fund and its bet size. Patience is measured from each filer's actual quarter-to-quarter turnover across our whole database.