EXEEL
CROWD: AMBER
Institutional ownership is building here. Not yet crowded, but the quiet phase is ending.
Active holders
22
of 51 total, index funds excluded
Streak
1q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2020Dec 2025
Holdings as of Dec 31, 2025, filed by Feb 15, 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 · $46M held
| Fund | Value | Note |
|---|
| VOYA INVESTMENT MANAGEMENT … |
$19M |
|
| Howard Marks |
$9M |
famous whale |
| OnyxPoint Global Management… |
$8M |
|
| CSS LLC/IL |
$1M |
|
| Glendon Capital Management … |
$930K |
|
| WOLVERINE ASSET MANAGEMENT … |
$792K |
|
| MORGAN STANLEY |
$687K |
|
| FMR LLC |
$677K |
|
| Dalton Investments, Inc. |
$545K |
|
| BlackRock, Inc. |
$522K |
|
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.