CROWD: RED
Active holders jumped 103 to 151 recently (47% 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
151
of 324 total, index funds excluded
This quarter
+72
24 out
Conviction
4 bps
median holder weight: token bet
Streak
2q
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 · $8.5B held
Fund
Value
Note
Carlyle Group Inc.
$2.2B
PRICE T ROWE ASSOCIATES INC…
$1.0B
BlackRock, Inc.
$563M
Allspring Global Investment…
$396M
T. Rowe Price Investment Ma…
$345M
STATE STREET CORP
$327M
JANUS HENDERSON GROUP PLC
$311M
VICTORY CAPITAL MANAGEMENT …
$246M
WELLINGTON MANAGEMENT GROUP…
$211M
VANGUARD CAPITAL MANAGEMENT…
$201M
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.