CROWD: RED
Active holders jumped 8 to 6 recently (-25% 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
6
of 67 total, index funds excluded
This quarter
+2
4 out
Conviction
n/a
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2018Mar 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 · $20M held
Fund
Value
Note
BlackRock, Inc.
$5M
VANGUARD CAPITAL MANAGEMENT…
$3M
Zhang Financial LLC
$2M
GEODE CAPITAL MANAGEMENT, L…
$2M
STATE STREET CORP
$1M
Russell Investments Group, …
$926K
North Star Investment Manag…
$862K
NORTHERN TRUST CORP
$532K
VANGUARD FIDUCIARY TRUST CO
$459K
VANGUARD PORTFOLIO MANAGEME…
$428K
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.