CROWD: RED
Active holders jumped 90 to 70 recently (-22% 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
70
of 228 total, index funds excluded
This quarter
+22
42 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 · $609M held
Fund
Value
Note
BlackRock, Inc.
$92M
VANGUARD CAPITAL MANAGEMENT…
$52M
GEODE CAPITAL MANAGEMENT, L…
$30M
STATE STREET CORP
$27M
WELLINGTON MANAGEMENT GROUP…
$25M
DIMENSIONAL FUND ADVISORS LP
$23M
JANUS HENDERSON GROUP PLC
$20M
JANE STREET GROUP, LLC
$17M
UBS Group AG
$16M
NEXT CENTURY GROWTH INVESTO…
$14M
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.