FIG
Software & Services
CROWD: GREEN
Quiet institutional ownership. No unusual crowd behavior in the latest filings.
Active holders
171
of 307 total, index funds excluded
Conviction
6 bps
median holder weight: token bet
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2025Mar 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 · $6.8B held
| Fund | Value | Note |
|---|
| Greylock XIV GP LLC |
$1.2B |
|
| Index Venture Associates VI… |
$1.2B |
|
| SC US (TTGP), LTD. |
$565M |
|
| FMR LLC |
$438M |
|
| a16z Capital Management, L.… |
$338M |
|
| PRICE T ROWE ASSOCIATES INC… |
$265M |
|
| TWO SIGMA INVESTMENTS, LP |
$236M |
|
| VANGUARD PORTFOLIO MANAGEME… |
$211M |
|
| VANGUARD CAPITAL MANAGEMENT… |
$184M |
|
| UBS Group AG |
$170M |
|
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.