CROWD: RED
Active holders jumped 85 to 88 recently (4% 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
88
of 184 total, index funds excluded
This quarter
+25
22 out
Conviction
5 bps
median holder weight: token bet
Streak
1q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2022Mar 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 · $2.8B held
Fund
Value
Note
OLP CAPITAL MANAGEMENT Ltd
$298M
FMR LLC
$180M
JPMORGAN CHASE & CO
$147M
WFM ASIA (BVI) Ltd
$135M
Aspex Management (HK) Ltd
$131M
SCHRODER INVESTMENT MANAGEM…
$127M
M&G PLC
$104M
Greenwoods Asset Management…
$95M
BANK OF AMERICA CORP /DE/
$89M
VANGUARD CAPITAL MANAGEMENT…
$84M
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.