CROWD: RED
Active holders jumped 49 to 63 recently (29% 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
63
of 216 total, index funds excluded
This quarter
+41
27 out
Conviction
3 bps
median holder weight: token bet
Streak
3q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2024Mar 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 · $1.5B held
Fund
Value
Note
COHEN & STEERS, INC.
$293M
FMR LLC
$169M
BlackRock, Inc.
$121M
Alyeska Investment Group, L…
$96M
Crewe Advisors LLC
$88M
VANGUARD PORTFOLIO MANAGEME…
$60M
AMERICAN CENTURY COMPANIES …
$58M
VANGUARD CAPITAL MANAGEMENT…
$58M
AMERIPRISE FINANCIAL INC
$36M
GEODE CAPITAL MANAGEMENT, L…
$36M
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.