CROWD: RED
Active holders jumped 53 to 67 recently (26% 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
67
of 141 total, index funds excluded
This quarter
+28
14 out
Conviction
9 bps
median holder weight: token bet
Streak
2q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2025Mar 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 · $1.4B held
Fund
Value
Note
FMR LLC
$265M
VAN ECK ASSOCIATES CORP
$124M
VANGUARD CAPITAL MANAGEMENT…
$73M
GOLDMAN SACHS GROUP INC
$72M
COOPER CREEK PARTNERS MANAG…
$69M
Encompass Capital Advisors …
$62M
Hood River Capital Manageme…
$61M
Driehaus Capital Management…
$59M
Connor, Clark & Lunn Invest…
$56M
UBS Group AG
$51M
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.