CROWD: RED
Active holders jumped 169 to 156 recently (-8% 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
156
of 359 total, index funds excluded
This quarter
+57
70 out
Conviction
n/a
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2019Mar 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 · $1.7B held
Fund
Value
Note
BlackRock, Inc.
$196M
RPD Fund Management LLC
$103M
FMR LLC
$95M
GLENVIEW CAPITAL MANAGEMENT…
$95M
DIMENSIONAL FUND ADVISORS LP
$90M
VANGUARD PORTFOLIO MANAGEME…
$78M
LSV ASSET MANAGEMENT
$73M
Greenhouse Funds LLLP
$69M
VANGUARD CAPITAL MANAGEMENT…
$64M
AQR CAPITAL MANAGEMENT LLC
$57M
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.