CROWD: RED
Active holders jumped 54 to 47 recently (-13% 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
47
of 159 total, index funds excluded
This quarter
+10
17 out
Conviction
1 bps
median holder weight: token bet
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2016Mar 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 · $193M held
Fund
Value
Note
Hartree Partners, LP
$22M
WESTERLY CAPITAL MANAGEMENT…
$19M
BlackRock, Inc.
$17M
DIMENSIONAL FUND ADVISORS LP
$13M
VANGUARD CAPITAL MANAGEMENT…
$10M
RENAISSANCE TECHNOLOGIES LLC
$9M
AMERICAN CENTURY COMPANIES …
$9M
NEW SOUTH CAPITAL MANAGEMEN…
$7M
GEODE CAPITAL MANAGEMENT, L…
$6M
STATE STREET CORP
$5M
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.