CROWD: RED
Active holders jumped 591 to 511 recently. Ten years of our own data says fast institutional pile-ins mark late money, not early money. Careful chasing this.
Active holders
511
of 771 total, index funds excluded
This quarter
+98
176 out
Conviction
3 bps
median holder weight: token bet
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2017Mar 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 · $47.3B held
Fund
Value
Note
PRICE T ROWE ASSOCIATES INC…
$5.6B
BlackRock, Inc.
$3.6B
Capital Research Global Inv…
$3.4B
VANGUARD CAPITAL MANAGEMENT…
$2.8B
FMR LLC
$2.3B
VANGUARD PORTFOLIO MANAGEME…
$2.0B
STATE STREET CORP
$1.8B
CAS Investment Partners, LLC
$1.4B
Greenoaks Capital Partners …
$1.3B
GEODE CAPITAL MANAGEMENT, L…
$1.2B
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.