CROWD: RED
Active holders jumped 85 to 65 recently (-24% 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
65
of 119 total, index funds excluded
This quarter
+10
30 out
Conviction
5 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 · $146M held
Fund
Value
Note
Revere Asset Management, Inc
$18M
fast money
Ridgepath Capital Managemen…
$16M
Spectrum Financial Alliance…
$13M
Tower Research Capital LLC …
$7M
GOLDMAN SACHS GROUP INC
$5M
FLOW TRADERS U.S. LLC
$5M
Main Street Group, LTD
$5M
Diversified Trust Co
$4M
UBS Group AG
$3M
Millington Financial Adviso…
$3M
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.