CROWD: RED
Active holders jumped 28 to 25 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
25
of 132 total, index funds excluded
This quarter
+10
13 out
Conviction
1 bps
median holder weight: token bet
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2024Mar 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 · $426M held
Fund
Value
Note
Koch, Inc.
$132M
D. E. Shaw & Co., Inc.
$51M
HSBC HOLDINGS PLC
$31M
BlackRock, Inc.
$29M
CITIGROUP INC
$19M
VANGUARD CAPITAL MANAGEMENT…
$16M
NOTABLE CAPITAL MANAGEMENT,…
$11M
BNP PARIBAS FINANCIAL MARKE…
$10M
GEODE CAPITAL MANAGEMENT, L…
$9M
STATE STREET CORP
$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.