CROWD: RED
Active holders jumped 47 to 62 recently (32% 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
62
of 199 total, index funds excluded
This quarter
+23
8 out
Conviction
3 bps
median holder weight: token bet
Streak
3q
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 · $2.7B held
Fund
Value
Note
Capital World Investors
$875M
Millstreet Capital Manageme…
$394M
BlackRock, Inc.
$151M
WILLIAM BLAIR INVESTMENT MA…
$108M
DIMENSIONAL FUND ADVISORS LP
$87M
VANGUARD CAPITAL MANAGEMENT…
$85M
GEODE CAPITAL MANAGEMENT, L…
$63M
Beach Point Capital Managem…
$60M
AMERICAN CENTURY COMPANIES …
$56M
Allspring Global Investment…
$52M
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.