CROWD: RED
Active holders jumped 462 to 451 recently. Ten years of our own data says fast institutional pile-ins mark late money, not early money. Careful chasing this.
Active holders
451
of 699 total, index funds excluded
This quarter
+115
124 out
Conviction
1 bps
median holder weight: token bet
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2024Mar 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 · $13.4B held
Fund
Value
Note
FMR LLC
$2.8B
BlackRock, Inc.
$1.3B
VANGUARD PORTFOLIO MANAGEME…
$801M
VANGUARD CAPITAL MANAGEMENT…
$695M
ALLIANCEBERNSTEIN L.P.
$418M
Atreides Management, LP
$369M
STATE STREET CORP
$365M
FRED ALGER MANAGEMENT, LLC
$282M
GEODE CAPITAL MANAGEMENT, L…
$274M
Amundi
$206M
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.