CROWD: RED
Active holders jumped 367 to 302 recently. Ten years of our own data says fast institutional pile-ins mark late money, not early money. Careful chasing this.
Active holders
302
of 526 total, index funds excluded
This quarter
+89
154 out
Conviction
1 bps
median holder weight: token bet
Streak
0q
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 · $7.6B held
Fund
Value
Note
Silver Lake Group, L.L.C.
$762M
SC US (TTGP), LTD.
$698M
BlackRock, Inc.
$415M
VANGUARD PORTFOLIO MANAGEME…
$408M
VANGUARD CAPITAL MANAGEMENT…
$341M
Atreides Management, LP
$272M
Slate Path Capital LP
$249M
WELLINGTON MANAGEMENT GROUP…
$218M
D. E. Shaw & Co., Inc.
$176M
TWO SIGMA INVESTMENTS, LP
$174M
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.