CROWD: RED
Active holders jumped 104 to 103 recently (-1% 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
103
of 256 total, index funds excluded
This quarter
+27
28 out
Conviction
2 bps
median holder weight: token bet
Streak
0q
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 · $1.5B held
Fund
Value
Note
PRICE T ROWE ASSOCIATES INC…
$181M
BlackRock, Inc.
$156M
GOLDMAN SACHS GROUP INC
$104M
VANGUARD PORTFOLIO MANAGEME…
$84M
PRINCIPAL FINANCIAL GROUP I…
$79M
PRUDENTIAL FINANCIAL INC
$71M
VANGUARD CAPITAL MANAGEMENT…
$66M
STATE STREET CORP
$66M
GEODE CAPITAL MANAGEMENT, L…
$43M
GOLDENTREE ASSET MANAGEMENT…
$40M
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.