CROWD: RED
Active holders jumped 33 to 30 recently (-9% 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
30
of 135 total, index funds excluded
This quarter
+6
9 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 · $909M held
Fund
Value
Note
CHAI TRUST CO LLC
$661M
Ventas, Inc.
$80M
GOLDENTREE ASSET MANAGEMENT…
$20M
AMERIPRISE FINANCIAL INC
$15M
BlackRock, Inc.
$15M
CastleKnight Management LP
$9M
VANGUARD CAPITAL MANAGEMENT…
$9M
AQR CAPITAL MANAGEMENT LLC
$8M
BRIDGEWAY CAPITAL MANAGEMEN…
$8M
ExodusPoint Capital Managem…
$6M
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.