CROWD: RED
Active holders jumped 177 to 156 recently (-12% 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
156
of 342 total, index funds excluded
This quarter
+38
59 out
Conviction
6 bps
median holder weight: token bet
Streak
0q
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 · $7.5B held
Fund
Value
Note
One Rock Capital Partners, …
$2.2B
FMR LLC
$549M
Sachem Head Capital Managem…
$322M
SAMLYN CAPITAL, LLC
$313M
AMERIPRISE FINANCIAL INC
$275M
FULLER & THALER ASSET MANAG…
$266M
WILLIAM BLAIR INVESTMENT MA…
$246M
BlackRock, Inc.
$218M
VANGUARD PORTFOLIO MANAGEME…
$213M
VANGUARD CAPITAL MANAGEMENT…
$203M
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.