CROWD: RED
Active holders jumped 61 to 54 recently (-11% 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
54
of 194 total, index funds excluded
This quarter
+17
24 out
Conviction
1 bps
median holder weight: token bet
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2020Mar 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 · $397M held
Fund
Value
Note
BlackRock, Inc.
$67M
Alyeska Investment Group, L…
$30M
ALLIANCEBERNSTEIN L.P.
$21M
BAMCO INC /NY/
$17M
STATE STREET CORP
$17M
VANGUARD CAPITAL MANAGEMENT…
$16M
VANGUARD PORTFOLIO MANAGEME…
$16M
T. Rowe Price Investment Ma…
$15M
MORGAN STANLEY
$11M
GEODE CAPITAL MANAGEMENT, L…
$9M
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.