CROWD: RED
Active holders jumped 14 to 13 recently (-7% 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
13
of 82 total, index funds excluded
This quarter
+4
5 out
Conviction
1 bps
median holder weight: token bet
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2021Mar 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 · $152M held
Fund
Value
Note
SYCAMORE PARTNERS MANAGEMEN…
$104M
Fund 1 Investments, LLC
$17M
NOMURA HOLDINGS INC
$10M
HEALTHCARE OF ONTARIO PENSI…
$4M
SG Americas Securities, LLC
$3M
BlackRock, Inc.
$3M
VANGUARD CAPITAL MANAGEMENT…
$2M
BANK OF AMERICA CORP /DE/
$1M
GEODE CAPITAL MANAGEMENT, L…
$1M
GOLDMAN SACHS GROUP INC
$693K
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.