CROWD: RED
Active holders jumped 21 to 18 recently (-14% 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
18
of 69 total, index funds excluded
This quarter
+5
7 out
Conviction
n/a
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2021Mar 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 · $339M held
Fund
Value
Note
Anchor @ 65 Pte. Ltd.
$172M
VANGUARD CAPITAL MANAGEMENT…
$27M
FIL Ltd
$26M
PRINCIPAL FINANCIAL GROUP I…
$20M
BlackRock, Inc.
$14M
Nuveen, LLC
$11M
MANUFACTURERS LIFE INSURANC…
$9M
ARROWSTREET CAPITAL, LIMITE…
$8M
VANGUARD FIDUCIARY TRUST CO
$7M
Connor, Clark & Lunn Invest…
$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.