CROWD: RED
Active holders jumped 10 to 10 recently. Ten years of our own data says fast institutional pile-ins mark late money, not early money. Careful chasing this.
Active holders
10
of 20 total, index funds excluded
This quarter
+3
3 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 · $7M held
Fund
Value
Note
Ativo Capital Management LLC
$2M
EVERETT HARRIS & CO /CA/
$1M
CONFLUENCE INVESTMENT MANAG…
$1M
RHUMBLINE ADVISERS
$879K
Lester Murray Antman dba Si…
$690K
YOUSIF CAPITAL MANAGEMENT, …
$365K
GAMMA Investing LLC
$322K
COZAD ASSET MANAGEMENT INC
$207K
HUNTINGTON NATIONAL BANK
$169K
PNC FINANCIAL SERVICES GROU…
$32K
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.