CROWD: RED
Active holders jumped 84 to 109 recently (30% 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
109
of 265 total, index funds excluded
This quarter
+54
29 out
Conviction
1 bps
median holder weight: token bet
Streak
4q
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 · $822M held
Fund
Value
Note
BlackRock, Inc.
$153M
STATE STREET CORP
$94M
VANGUARD CAPITAL MANAGEMENT…
$59M
Hood River Capital Manageme…
$40M
GEODE CAPITAL MANAGEMENT, L…
$34M
PRICE T ROWE ASSOCIATES INC…
$31M
Defiance ETFs, LLC
$26M
MORGAN STANLEY
$24M
D. E. Shaw & Co., Inc.
$20M
MARSHALL WACE, LLP
$20M
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.