CROWD: RED
Active holders jumped 11 to 5 recently (-55% 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
5
of 25 total, index funds excluded
This quarter
+3
9 out
Conviction
1 bps
median holder weight: token bet
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2022Mar 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 · $4M held
Fund
Value
Note
VANGUARD CAPITAL MANAGEMENT…
$2M
GEODE CAPITAL MANAGEMENT, L…
$396K
UBS Group AG
$379K
BlackRock, Inc.
$318K
CITIGROUP INC
$257K
VANGUARD FIDUCIARY TRUST CO
$198K
STATE STREET CORP
$154K
TWO SIGMA INVESTMENTS, LP
$87K
NORTHERN TRUST CORP
$80K
Prairiewood Capital, LLC
$51K
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.