CROWD: RED
Active holders jumped 452 to 435 recently. Ten years of our own data says fast institutional pile-ins mark late money, not early money. Careful chasing this.
Active holders
435
of 671 total, index funds excluded
This quarter
+113
129 out
Conviction
1 bps
median holder weight: token bet
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2021Mar 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 · $4.4B held
Fund
Value
Note
BlackRock, Inc.
$789M
MIRAE ASSET GLOBAL ETFS HOL…
$439M
VANGUARD PORTFOLIO MANAGEME…
$309M
VAN ECK ASSOCIATES CORP
$302M
VANGUARD CAPITAL MANAGEMENT…
$289M
Defiance ETFs, LLC
$181M
STATE STREET CORP
$165M
GEODE CAPITAL MANAGEMENT, L…
$151M
MORGAN STANLEY
$133M
Alyeska Investment Group, L…
$85M
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.