CROWD: RED
Active holders jumped 191 to 211 recently. Ten years of our own data says fast institutional pile-ins mark late money, not early money. Careful chasing this.
Active holders
211
of 421 total, index funds excluded
This quarter
+70
50 out
Conviction
4 bps
median holder weight: token bet
Streak
4q
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 · $7.9B held
Fund
Value
Note
FMR LLC
$1.4B
BlackRock, Inc.
$995M
VANGUARD PORTFOLIO MANAGEME…
$481M
VANGUARD CAPITAL MANAGEMENT…
$343M
STATE STREET CORP
$319M
PRICE T ROWE ASSOCIATES INC…
$236M
GEODE CAPITAL MANAGEMENT, L…
$216M
Whale Rock Capital Manageme…
$199M
FRANKLIN RESOURCES INC
$183M
AMERIPRISE FINANCIAL INC
$161M
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.