CROWD: RED
Active holders jumped 47 to 38 recently (-19% 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
38
of 135 total, index funds excluded
This quarter
+11
19 out
Conviction
n/a
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2020Mar 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 · $357M held
Fund
Value
Note
RENAISSANCE TECHNOLOGIES LLC
$43M
Athos Capital Ltd
$43M
ACADIAN ASSET MANAGEMENT LLC
$36M
VANGUARD CAPITAL MANAGEMENT…
$22M
LSV ASSET MANAGEMENT
$20M
GOLDMAN SACHS GROUP INC
$18M
BlackRock, Inc.
$18M
D. E. Shaw & Co., Inc.
$15M
DIMENSIONAL FUND ADVISORS LP
$14M
STATE STREET CORP
$11M
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.