CROWD: RED
Active holders jumped 104 to 87 recently (-16% 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
87
of 277 total, index funds excluded
This quarter
+27
43 out
Conviction
n/a
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 · $1.4B held
Fund
Value
Note
BlackRock, Inc.
$193M
Technology Crossover Manage…
$165M
Susquehanna Capital Managem…
$99M
VANGUARD PORTFOLIO MANAGEME…
$71M
BNP PARIBAS ASSET MANAGEMEN…
$66M
VANGUARD CAPITAL MANAGEMENT…
$61M
STATE STREET CORP
$53M
PRICE T ROWE ASSOCIATES INC…
$48M
AMERICAN CENTURY COMPANIES …
$37M
DIMENSIONAL FUND ADVISORS LP
$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.