CROWD: RED
Active holders jumped 114 to 149 recently (31% 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
149
of 335 total, index funds excluded
This quarter
+66
31 out
Conviction
4 bps
median holder weight: token bet
Streak
5q
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 · $8.9B held
Fund
Value
Note
Kohlberg Kravis Roberts & C…
$1.8B
FMR LLC
$894M
BlackRock, Inc.
$835M
Invesco Ltd.
$489M
PRICE T ROWE ASSOCIATES INC…
$455M
VANGUARD PORTFOLIO MANAGEME…
$342M
T. Rowe Price Investment Ma…
$325M
VANGUARD CAPITAL MANAGEMENT…
$268M
STATE STREET CORP
$210M
MANUFACTURERS LIFE INSURANC…
$181M
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.