CROWD: RED
Active holders jumped 30 to 37 recently (23% 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
37
of 129 total, index funds excluded
This quarter
+19
12 out
Conviction
n/a
Streak
4q
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 · $195M held
Fund
Value
Note
Alyeska Investment Group, L…
$26M
BlackRock, Inc.
$25M
FRANKLIN RESOURCES INC
$24M
VANGUARD CAPITAL MANAGEMENT…
$13M
GEODE CAPITAL MANAGEMENT, L…
$11M
BARINGS LLC
$9M
VAN ECK ASSOCIATES CORP
$9M
MARSHALL WACE, LLP
$6M
FEDERATED HERMES, INC.
$5M
STATE STREET CORP
$5M
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.