CROWD: RED
Active holders jumped 142 to 147 recently (4% 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
147
of 352 total, index funds excluded
This quarter
+43
37 out
Conviction
1 bps
median holder weight: token bet
Streak
4q
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 · $3.8B held
Fund
Value
Note
BlackRock, Inc.
$526M
FMR LLC
$384M
Select Equity Group, L.P.
$277M
VANGUARD PORTFOLIO MANAGEME…
$245M
DIMENSIONAL FUND ADVISORS LP
$208M
AMERICAN CENTURY COMPANIES …
$148M
VANGUARD CAPITAL MANAGEMENT…
$147M
STATE STREET CORP
$139M
LSV ASSET MANAGEMENT
$99M
GEODE CAPITAL MANAGEMENT, L…
$86M
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.