CROWD: RED
Active holders jumped 132 to 171 recently (30% in one quarter). Ten years of our own data says fast institutional pile-ins mark late money, not early money. Careful chasing this.
Active holders
171
of 375 total, index funds excluded
This quarter
+63
24 out
Conviction
5 bps
median holder weight: token bet
Streak
4q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2016Mar 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 · $4.4B held
Fund
Value
Note
BlackRock, Inc.
$676M
STATE STREET CORP
$283M
VANGUARD PORTFOLIO MANAGEME…
$233M
DIMENSIONAL FUND ADVISORS LP
$213M
VANGUARD CAPITAL MANAGEMENT…
$186M
Invesco Ltd.
$153M
EARNEST PARTNERS LLC
$143M
Capital Research Global Inv…
$134M
GEODE CAPITAL MANAGEMENT, L…
$107M
WESTWOOD HOLDINGS GROUP INC
$104M
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.