CROWD: RED
Active holders jumped 29 to 30 recently (3% 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
30
of 141 total, index funds excluded
This quarter
+9
8 out
Conviction
1 bps
median holder weight: token bet
Streak
1q
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 · $102M held
Fund
Value
Note
BlackRock, Inc.
$16M
VANGUARD CAPITAL MANAGEMENT…
$11M
BW Gestao de Investimentos …
$9M
United Airlines Holdings, I…
$7M
SPX Gestao de Recursos Ltda
$6M
GEODE CAPITAL MANAGEMENT, L…
$6M
STATE STREET CORP
$5M
MASTERS CAPITAL MANAGEMENT …
$5M
UBS Group AG
$5M
Kapitalo Investimentos Ltda
$3M
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.