SLS
Pharmaceuticals, Biotechnology & Life Sciences
CROWD: RED
Active holders jumped 35 to 48 recently (37% 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
48
of 159 total, index funds excluded
This quarter
+25
12 out
Conviction
n/a
Streak
5q
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 · $228M held
Fund
Value
Note
BlackRock, Inc.
$52M
STATE STREET CORP
$36M
VANGUARD CAPITAL MANAGEMENT…
$32M
GEODE CAPITAL MANAGEMENT, L…
$17M
MARSHALL WACE, LLP
$9M
JONES FINANCIAL COMPANIES L…
$7M
VANGUARD PORTFOLIO MANAGEME…
$6M
MORGAN STANLEY
$6M
NORTHERN TRUST CORP
$5M
VANGUARD FIDUCIARY TRUST CO
$5M
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.