CROWD: RED
Active holders jumped 51 to 74 recently (45% 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
74
of 143 total, index funds excluded
This quarter
+32
9 out
Conviction
4 bps
median holder weight: token bet
Streak
2q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2016Mar 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 · $424M held
Fund
Value
Note
WELLS FARGO & COMPANY/MN
$60M
MORGAN STANLEY
$56M
GENDELL JEFFREY L
$29M
LPL Financial LLC
$25M
AMERIPRISE FINANCIAL INC
$18M
RAYMOND JAMES FINANCIAL INC
$17M
Guardian Partners Inc.
$16M
ROYAL BANK OF CANADA
$15M
PFG Advisors
$12M
Quadrature Capital Ltd
$11M
fast money
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.