CROWD: RED
Active holders jumped 31 to 28 recently (-10% 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
28
of 99 total, index funds excluded
This quarter
+7
10 out
Conviction
n/a
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2018Mar 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 · $60M held
Fund
Value
Note
Madryn Asset Management, LP
$27M
UBS Group AG
$4M
Balyasny Asset Management L…
$4M
BlackRock, Inc.
$3M
VANGUARD CAPITAL MANAGEMENT…
$3M
Lane Generational LLC
$3M
FourWorld Capital Managemen…
$2M
MASTERS CAPITAL MANAGEMENT …
$1M
GEODE CAPITAL MANAGEMENT, L…
$1M
STATE STREET CORP
$1M
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.