CROWD: RED
Active holders jumped 21 to 24 recently (14% 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
24
of 141 total, index funds excluded
This quarter
+10
7 out
Conviction
n/a
Streak
1q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2017Mar 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 · $317M held
Fund
Value
Note
BlackRock, Inc.
$87M
STATE STREET CORP
$32M
GEODE CAPITAL MANAGEMENT, L…
$24M
MORGAN STANLEY
$17M
AQR CAPITAL MANAGEMENT LLC
$16M
JPMORGAN CHASE & CO
$9M
MILLENNIUM MANAGEMENT LLC
$9M
NORTHERN TRUST CORP
$8M
UBS Group AG
$7M
Bank of New York Mellon Corp
$7M
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.