NEM
Materials
CROWD: AMBER
Institutional ownership is building here (5 rising quarters). Not yet crowded, but the quiet phase is ending.
Active holders
1525
of 1811 total, index funds excluded
This quarter
+261
171 out
Conviction
8 bps
median holder weight: token bet
Streak
5q
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 · $87.5B held
| Fund | Value | Note |
|---|
| BlackRock, Inc. |
$13.6B |
|
| VANGUARD CAPITAL MANAGEMENT… |
$7.7B |
|
| STATE STREET CORP |
$5.5B |
|
| VANGUARD PORTFOLIO MANAGEME… |
$4.1B |
|
| VAN ECK ASSOCIATES CORP |
$3.9B |
|
| GEODE CAPITAL MANAGEMENT, L… |
$3.1B |
|
| FMR LLC |
$2.1B |
|
| Invesco Ltd. |
$1.6B |
|
| NORTHERN TRUST CORP |
$1.4B |
|
| Bank of New York Mellon Corp |
$1.3B |
|
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.