CROWD: RED
Active holders jumped 215 to 218 recently. Ten years of our own data says fast institutional pile-ins mark late money, not early money. Careful chasing this.
Active holders
218
of 454 total, index funds excluded
This quarter
+60
56 out
Conviction
2 bps
median holder weight: token bet
Streak
5q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2016Mar 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 · $6.9B held
Fund
Value
Note
BlackRock, Inc.
$1.1B
FMR LLC
$941M
VANGUARD PORTFOLIO MANAGEME…
$522M
Invesco Ltd.
$313M
VANGUARD CAPITAL MANAGEMENT…
$305M
DIMENSIONAL FUND ADVISORS LP
$282M
STATE STREET CORP
$280M
GEODE CAPITAL MANAGEMENT, L…
$199M
ADVANCED MICRO DEVICES INC
$149M
BANK OF AMERICA CORP /DE/
$123M
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.