CROWD: RED
Active holders jumped 290 to 260 recently. Ten years of our own data says fast institutional pile-ins mark late money, not early money. Careful chasing this.
Active holders
260
of 489 total, index funds excluded
This quarter
+62
92 out
Conviction
n/a
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2022Mar 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 · $2.5B held
Fund
Value
Note
BlackRock, Inc.
$435M
VANGUARD PORTFOLIO MANAGEME…
$300M
VANGUARD CAPITAL MANAGEMENT…
$229M
UBS Group AG
$142M
GEODE CAPITAL MANAGEMENT, L…
$132M
STATE STREET CORP
$122M
Clear Street Group Inc.
$82M
GOLDMAN SACHS GROUP INC
$62M
BANK OF AMERICA CORP /DE/
$56M
HRT FINANCIAL LP
$48M
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.