CROWD: RED
Active holders jumped 6 to 9 recently (50% 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
9
of 55 total, index funds excluded
This quarter
+4
1 out
Conviction
n/a
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 · $5M held
Fund
Value
Note
VANGUARD CAPITAL MANAGEMENT…
$2M
Blue Owl Capital Holdings LP
$1M
GEODE CAPITAL MANAGEMENT, L…
$400K
AQR CAPITAL MANAGEMENT LLC
$153K
Baird Financial Group, Inc.
$139K
VANGUARD FIDUCIARY TRUST CO
$138K
BlackRock, Inc.
$126K
Union Square Park Capital M…
$118K
STATE STREET CORP
$115K
Mariner, LLC
$90K
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.