CROWD: RED
Active holders jumped 69 to 63 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
63
of 180 total, index funds excluded
This quarter
+18
23 out
Conviction
1 bps
median holder weight: token bet
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2016Mar 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 · $479M held
Fund
Value
Note
Divisadero Street Capital M…
$38M
Pacifica Capital Investment…
$38M
BlackRock, Inc.
$34M
Thrivent Financial for Luth…
$31M
De Lisle Partners LLP
$29M
FULLER & THALER ASSET MANAG…
$23M
AMERICAN CENTURY COMPANIES …
$21M
VANGUARD CAPITAL MANAGEMENT…
$20M
PRICE T ROWE ASSOCIATES INC…
$15M
DIMENSIONAL FUND ADVISORS LP
$14M
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.