CROWD: RED
Active holders jumped 40 to 54 recently (35% 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
54
of 205 total, index funds excluded
This quarter
+24
10 out
Conviction
n/a
Streak
1q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2019Mar 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 · $224M held
Fund
Value
Note
BlackRock, Inc.
$41M
MASSACHUSETTS FINANCIAL SER…
$17M
VANGUARD PORTFOLIO MANAGEME…
$15M
DIMENSIONAL FUND ADVISORS LP
$13M
VANGUARD CAPITAL MANAGEMENT…
$11M
AQR CAPITAL MANAGEMENT LLC
$11M
STATE STREET CORP
$10M
PALISADE CAPITAL MANAGEMENT…
$9M
D. E. Shaw & Co., Inc.
$8M
Invesco Ltd.
$8M
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.