CROWD: RED
Active holders jumped 151 to 157 recently (4% 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
157
of 329 total, index funds excluded
This quarter
+56
50 out
Conviction
5 bps
median holder weight: token bet
Streak
3q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2023Mar 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 · $4.1B held
Fund
Value
Note
BlackRock, Inc.
$405M
LONE PINE CAPITAL LLC
$285M
VANGUARD PORTFOLIO MANAGEME…
$226M
VANGUARD CAPITAL MANAGEMENT…
$208M
SRS Investment Management, …
$145M
D. E. Shaw & Co., Inc.
$141M
GEODE CAPITAL MANAGEMENT, L…
$139M
AMERIPRISE FINANCIAL INC
$137M
Value Aligned Research Advi…
$135M
STATE STREET CORP
$119M
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.