Smart Money Radar / Tickers / W

W Consumer Discretionary Distribution & Retail

CROWD: RED Active holders jumped 252 to 218 recently. Ten years of our own data says fast institutional pile-ins mark late money, not early money. Careful chasing this.
Active holders
218
of 440 total, index funds excluded
This quarter
+77
110 out
Conviction
3 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)
Jun 23 Mar 26

Top holders

by reported value · $9.2B held
FundValueNote
FMR LLC $1.2B
Capital World Investors $1.0B
BlackRock, Inc. $432M
RENAISSANCE TECHNOLOGIES LLC $374M
VANGUARD CAPITAL MANAGEMENT… $351M
VANGUARD PORTFOLIO MANAGEME… $330M
JANUS HENDERSON GROUP PLC $291M
Baillie Gifford $215M famous whale
GREAT HILL PARTNERS, L.P. $210M
JPMORGAN CHASE & CO $199M

Tourists vs true believers

every holder a dot · right = bigger bet in their own book, up = patient money
TOURISTS: small bets, fast churn BELIEVERS: real weight, patient books POSITION WEIGHT IN THE HOLDER'S OWN BOOK (LOG) PATIENCE
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.