CROWD: RED
Active holders jumped 54 to 59 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
59
of 164 total, index funds excluded
This quarter
+23
18 out
Conviction
10 bps
median holder weight: token bet
Streak
2q
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 · $1.1B held
Fund
Value
Note
DME Capital Management, LP
$77M
GOLDMAN SACHS GROUP INC
$63M
Boston Partners
$63M
COOPER CREEK PARTNERS MANAG…
$60M
BlackRock, Inc.
$59M
Yaupon Capital Management LP
$58M
Zimmer Partners, LP
$56M
Merewether Investment Manag…
$47M
VANGUARD CAPITAL MANAGEMENT…
$42M
UBS Group AG
$41M
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.