CROWD: RED
Active holders jumped 7 to 5 recently (-29% 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
5
of 23 total, index funds excluded
This quarter
+2
4 out
Conviction
14 bps
median holder weight: token bet
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2024Mar 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 · $41M held
Fund
Value
Note
Yong Rong (HK) Asset Manage…
$17M
fast money
Anatole Investment Manageme…
$14M
fast money
UBS Group AG
$2M
SUSQUEHANNA INTERNATIONAL G…
$2M
CITIGROUP INC
$2M
SG Americas Securities, LLC
$809K
MORGAN STANLEY
$754K
RENAISSANCE TECHNOLOGIES LLC
$459K
Boundless Plain Holdings Ltd
$431K
NOMURA HOLDINGS INC
$249K
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.