CROWD: RED
Active holders jumped 114 to 101 recently (-11% 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
101
of 227 total, index funds excluded
This quarter
+26
39 out
Conviction
4 bps
median holder weight: token bet
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2023Mar 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 · $6.2B held
Fund
Value
Note
Catterton Management Compan…
$3.6B
T. Rowe Price Investment Ma…
$423M
BAMCO INC /NY/
$336M
FMR LLC
$181M
DIMENSIONAL FUND ADVISORS LP
$145M
MASSACHUSETTS FINANCIAL SER…
$114M
WILLIAM BLAIR INVESTMENT MA…
$92M
MORGAN STANLEY
$90M
WESTFIELD CAPITAL MANAGEMEN…
$84M
UBS Group AG
$83M
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.