CROWD: RED
Active holders jumped 80 to 71 recently (-11% 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
71
of 223 total, index funds excluded
This quarter
+21
30 out
Conviction
1 bps
median holder weight: token bet
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2018Mar 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 · $463M held
Fund
Value
Note
BlackRock, Inc.
$54M
ACADIAN ASSET MANAGEMENT LLC
$21M
PRICE T ROWE ASSOCIATES INC…
$20M
VANGUARD CAPITAL MANAGEMENT…
$19M
RENAISSANCE TECHNOLOGIES LLC
$15M
VANGUARD PORTFOLIO MANAGEME…
$14M
Qube Research & Technologie…
$13M
Allspring Global Investment…
$13M
MILLENNIUM MANAGEMENT LLC
$12M
ARROWSTREET CAPITAL, LIMITE…
$11M
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.