CROWD: RED
Active holders jumped 11 to 11 recently. Ten years of our own data says fast institutional pile-ins mark late money, not early money. Careful chasing this.
Active holders
11
of 99 total, index funds excluded
This quarter
+7
7 out
Conviction
1 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 · $506M held
Fund
Value
Note
SOFTBANK GROUP CORP.
$289M
FMR LLC
$139M
BlackRock, Inc.
$14M
MORGAN STANLEY
$12M
AMERIPRISE FINANCIAL INC
$9M
GEODE CAPITAL MANAGEMENT, L…
$5M
GOLDMAN SACHS GROUP INC
$5M
MILLENNIUM MANAGEMENT LLC
$4M
STATE STREET CORP
$4M
ExodusPoint Capital Managem…
$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.