CROWD: RED
Active holders jumped 24 to 22 recently (-8% 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
22
of 60 total, index funds excluded
This quarter
+5
7 out
Conviction
n/a
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2025Mar 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 · $21M held
Fund
Value
Note
Vennlight Capital Managemen…
$6M
fast money
SUSQUEHANNA INTERNATIONAL G…
$2M
Vident Advisory, LLC
$2M
RENAISSANCE TECHNOLOGIES LLC
$1M
GEODE CAPITAL MANAGEMENT, L…
$1M
Texas Capital Bank Wealth M…
$1M
MORGAN STANLEY
$938K
JANE STREET GROUP, LLC
$784K
Diametric Capital, LP
$762K
Sullivan Wood Capital Manag…
$558K
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.