CROWD: RED
Active holders jumped 581 to 527 recently. Ten years of our own data says fast institutional pile-ins mark late money, not early money. Careful chasing this.
Active holders
527
of 790 total, index funds excluded
This quarter
+122
174 out
Conviction
2 bps
median holder weight: token bet
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2018Mar 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 · $22.5B held
Fund
Value
Note
BlackRock, Inc.
$1.8B
VANGUARD CAPITAL MANAGEMENT…
$1.5B
SUMITOMO MITSUI FINANCIAL G…
$1.5B
Capital World Investors
$1.3B
WELLINGTON MANAGEMENT GROUP…
$1.2B
VANGUARD PORTFOLIO MANAGEME…
$1.2B
STATE STREET CORP
$939M
CANADA PENSION PLAN INVESTM…
$831M
CHARLES SCHWAB INVESTMENT M…
$651M
GEODE CAPITAL MANAGEMENT, L…
$611M
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.