CROWD: RED
Active holders jumped 67 to 56 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
56
of 203 total, index funds excluded
This quarter
+16
27 out
Conviction
3 bps
median holder weight: token bet
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2019Mar 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 · $1.1B held
Fund
Value
Note
FMR LLC
$140M
BlackRock, Inc.
$83M
VANGUARD PORTFOLIO MANAGEME…
$75M
COOPER CREEK PARTNERS MANAG…
$47M
FULLER & THALER ASSET MANAG…
$45M
MARSHALL WACE, LLP
$44M
WILLIAM BLAIR INVESTMENT MA…
$40M
VANGUARD CAPITAL MANAGEMENT…
$40M
KAYNE ANDERSON RUDNICK INVE…
$36M
Balyasny Asset Management L…
$27M
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.