CROWD: RED
Active holders jumped 121 to 101 recently (-17% 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
101
of 271 total, index funds excluded
This quarter
+29
48 out
Conviction
4 bps
median holder weight: token bet
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2023Mar 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 · $1.9B held
Fund
Value
Note
Hood River Capital Manageme…
$199M
BlackRock, Inc.
$144M
Divisadero Street Capital M…
$112M
VANGUARD CAPITAL MANAGEMENT…
$88M
RENAISSANCE TECHNOLOGIES LLC
$75M
GEODE CAPITAL MANAGEMENT, L…
$57M
SUSQUEHANNA INTERNATIONAL G…
$56M
DIMENSIONAL FUND ADVISORS LP
$44M
STATE STREET CORP
$41M
FMR LLC
$40M
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.