CROWD: RED
Active holders jumped 113 to 108 recently (-4% 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
108
of 259 total, index funds excluded
This quarter
+30
35 out
Conviction
2 bps
median holder weight: token bet
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2021Mar 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 · $716M held
Fund
Value
Note
BlackRock, Inc.
$70M
VANGUARD CAPITAL MANAGEMENT…
$43M
TWO SIGMA INVESTMENTS, LP
$36M
VANGUARD PORTFOLIO MANAGEME…
$35M
Stoic Point Capital Managem…
$35M
Data Collective IV GP, LLC
$28M
EMERALD ADVISERS, LLC
$26M
GEODE CAPITAL MANAGEMENT, L…
$22M
STATE STREET CORP
$21M
Alyeska Investment Group, L…
$19M
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.