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First movers · bought before the crowd

Who bought it first?

Across HoldLens’s 8-quarter archive, 2016 tickers have at least one new-position entry. On 509 of those, a second manager followed in a later quarter — that’s the crowd arriving. The names below are sorted by how many superinvestors now own them, tiebroken by first-mover lead time.

Dataroma shows who holds what today. It does not show who had the insight first. HoldLens keeps 8 quarters of move history, so you can separate the first-mover from the late add. The first-mover’s return is asymmetric — the crowd pays retail.

2016
Tickers with a new-position entry
509
Where the crowd followed
3Q
Longest first-mover lead
Top 8 · where the bet paid off

First movers, crowd followed

#1
META logoMETA
Meta Platforms
15 own now·3Q lead·−2
First opened Q2 2024 · crowd arrived Q1 2025
Then the crowd (13)
Chris Hohn· +3Q (Q1 2025)Andreas Halvorsen· +3Q (Q1 2025)Lee Ainslie· +3Q (Q1 2025)Jeffrey Ubben· +4Q (Q2 2025)Glenn Greenberg· +4Q (Q2 2025)Michael Burry· +4Q (Q2 2025)Polen Capital· +5Q (Q3 2025)Stanley Druckenmiller· +5Q (Q3 2025)Bill Ackman· +6Q (Q4 2025)Andreas Halvorsen· +7Q (Q1 2026)Lee Ainslie· +7Q (Q1 2026)Polen Capital· +7Q (Q1 2026)Stanley Druckenmiller· +8Q (Q2 2026)
#2
MSFT logoMSFT
Microsoft
12 own now·3Q lead·−17
First opened Q1 2024 · crowd arrived Q4 2024
Then the crowd (4)
François Rochon· +3Q (Q4 2024)Stanley Druckenmiller· +5Q (Q2 2025)Andreas Halvorsen· +6Q (Q3 2025)Bill Ackman· +8Q (Q1 2026)
#3
V logoV
VISA INC
10 own now·3Q lead·−14
First opened Q1 2025 · crowd arrived Q4 2025
Then the crowd (4)
Stephen Mandel· +3Q (Q4 2025)Seth Klarman· +4Q (Q1 2026)Chase Coleman· +5Q (Q2 2026)Glenn Greenberg· +5Q (Q2 2026)
#4
GOOGL logoGOOGL
Alphabet Inc
9 own now·3Q lead·−27
First opened Q4 2024 · crowd arrived Q3 2025
Then the crowd (7)
Stanley Druckenmiller· +3Q (Q3 2025)Warren Buffett· +3Q (Q3 2025)Andreas Halvorsen· +4Q (Q4 2025)Chris Hohn· +5Q (Q1 2026)Lee Ainslie· +5Q (Q1 2026)Stephen Mandel· +5Q (Q1 2026)Stanley Druckenmiller· +6Q (Q2 2026)
#5
NVDA logoNVDA
NVIDIA
8 own now·4Q lead·+1
First opened Q1 2024 · crowd arrived Q1 2025
Then the crowd (4)
Lee Ainslie· +4Q (Q1 2025)Michael Burry· +4Q (Q1 2025)Polen Capital· +5Q (Q2 2025)Michael Burry· +6Q (Q3 2025)
#6
MCO logoMCO
MOODYS CORP
7 own now·2Q lead·+14
First opened Q1 2026
#7
MA logoMA
MASTERCARD INCORPORATED
6 own now·2Q lead·−1
First opened Q4 2025 · crowd arrived Q2 2026
Then the crowd (1)
Terry Smith· +2Q (Q2 2026)
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Full list · every first-mover entry

All 2016 tickers with an opening quarter on record

#TickerFirst openedFirst moversLeadOwns now
1META
Meta Platforms
Q2 2024
Hohn*Halvorsen*Mandel*
3Q15
2MSFT
Microsoft
Q1 2024
Druckenmiller*
3Q12
3V
VISA INC
Q1 2025
Greenberg
3Q10
4GOOGL
Alphabet Inc
Q4 2024
Druckenmiller*
3Q9
5NVDA
NVIDIA
Q1 2024
Tepper*
4Q8
6MCO
MOODYS CORP
Q1 2026
Lu*
2Q7
7MA
MASTERCARD INCORPORATED
Q4 2025
Mandel*
2Q6
8SPCX
SPACE EXPLORATION TECHN CORP
Q2 2026
Halvorsen*Coleman*Tepper*+3
1Q6
9GOOG
Alphabet Class C
Q3 2025
Klarman*
2Q4
10SUNB
SUNBELT RENTALS HLDGS IN GB SHRS
Q1 2026
Rochon*GreenbergGreenblatt*+1
2Q4
11BABA
Alibaba
Q1 2024
Burry
2Q4
12BAC
Bank America Corp
Q2 2025
Druckenmiller*
5Q3
13RAL
RALLIANT CORP
Q2 2025
Halvorsen*Greenblatt*Ainslie*
5Q3
14AAPL
APPLE INC
Q1 2025
Tepper*
4Q3
15FERG
FERGUSON ENTERPRISES INC
Q4 2024
Rochon*Capital*Klarman*
4Q3
16CHYM
CHIME FINL INC
Q2 2025
Coleman*Druckenmiller*Slater*
4Q3
17TEM
TEMPUS AI INC
Q2 2025
Greenblatt*Capital*Slater*
4Q3
18NFLX
NETFLIX INC.
Q3 2025
Halvorsen*Coleman*
3Q3
19AMZN
AMAZON COM INC
Q4 2024
Druckenmiller*
2Q3
20MDLN
MEDLINE INC
Q4 2025
Halvorsen*Mandel*Slater*
2Q3
21BLK
BLACKROCK INC
Q4 2024
NygrenGreenblatt*Mueffling*
2Q3
22BIRK
BIRKENSTOCK HLDG PLC
Q4 2024
Rochon*Greenblatt*
7Q2
23NICE
NICE LTD
Q1 2025
Marks*Greenblatt*
6Q2
24CDNS
CADENCE DESIGN SYSTEM INC
Q1 2025
Mandel*Slater*
6Q2
25AS
AMER SPORTS INC
Q1 2025
Halvorsen*Greenblatt*
6Q2
26BZ
KANZHUN LIMITED
Q1 2025
Greenblatt*Slater*
6Q2
27MU
Micron Technology
Q4 2024
Druckenmiller*
5Q2
28IWM
ISHARES RUSSELL 2000 ETF
Q2 2025
Marks*Druckenmiller*
5Q2
29TBBB
Bbb Foods Inc
Q2 2025
Druckenmiller*Slater*
5Q2
30BILL
BILL HOLDINGS INC
Q2 2025
Marks*Greenblatt*
5Q2
31B
BARRICK MINING CORP
Q2 2025
Marks*Greenblatt*
5Q2
32CLBT
CELLEBRITE DI LTD
Q4 2024
Greenblatt*Capital*
5Q2
33TMDX
TRANSMEDICS GROUP INC
Q2 2025
Greenblatt*Capital*
5Q2
34KRUS
KURA SUSHI USA INC
Q2 2025
Greenblatt*Capital*
5Q2
35ARDT
ARDENT HEALTH INC
Q2 2025
Greenblatt*Ainslie*
5Q2
36SYM
SYMBOTIC INC
Q2 2025
Greenblatt*Capital*
5Q2
37MAGN
MAGNERA CORP
Q4 2024
Greenblatt*Burry
5Q2
38FICO
FAIR ISAAC CORP
Q2 2025
Akre*
4Q2
39STUB
STUBHUB HLDGS INC
Q3 2025
Halvorsen*Druckenmiller*
4Q2
40VNOM
VIPER ENERGY INC
Q3 2025
Marks*Greenblatt*
4Q2
41FWONK
Liberty Media Corp Del
Q3 2025
Druckenmiller*Mueffling*
4Q2
42MVST
MICROVAST HOLDINGS INC
Q3 2025
Greenblatt*Capital*
4Q2
43NXH
BED BATH & BEYOND INC
Q3 2025
Greenblatt*Capital*
4Q2
44UBS
UBS GROUP AG
Q2 2025
Halvorsen*Slater*
4Q2
45EOSE
EOS ENERGY ENTERPRISES INC
Q3 2025
Greenblatt*Capital*
4Q2
46CP
CANADIAN PACIFIC KANSAS CITY
Q3 2025
Greenblatt*
4Q2
47CHWY
CHEWY INC
Q3 2025
Halvorsen*Capital*
4Q2
48SRTA
STRATA CRITICAL MEDICAL INC
Q3 2025
Greenblatt*Ainslie*
4Q2
49BRSL
BRIGHTSTAR LOTTERY PLC
Q3 2025
Greenblatt*Watsa
4Q2
50MSI
MSI
Q3 2025
NygrenSlater*
4Q2
51SCHW
Charles Schwab
Q4 2025
Armitage*
3Q2
52LLYVA
LIBERTY LIVE HOLDINGS INC
Q4 2025
Greenblatt*Buffett*
3Q2
53AERO
GRUPO AEROMEXICO SAB DE CV
Q4 2025
Marks*Klarman*
3Q2
54YPF
YPF SA
Q2 2025
Marks*Capital*
3Q2
55JBS
Jbs N.V.
Q2 2025
Marks*Greenblatt*
3Q2
56CORZ
CORE SCIENTIFIC INC NEW
Q3 2025
Marks*Ainslie*
3Q2
57AAL
AMERICAN AIRLINES GROUP INC
Q4 2024
Halvorsen*Druckenmiller*
3Q2
58GDS
GDS HLDGS LTD
Q4 2025
Greenblatt*Klarman*
3Q2
59OPTU
OPTIMUM COMMUNICATIONS INC
Q4 2025
Marks*Greenblatt*
3Q2
60GRBK
GREEN BRICK PARTNERS INC
Q4 2025
Capital*
3Q2
61PSNL
PERSONALIS INC
Q4 2025
Greenblatt*Capital*
3Q2
62GDYN
GRID DYNAMICS HLDGS INC
Q4 2025
Greenblatt*Capital*
3Q2
63ULS
UL SOLUTIONS INC
Q4 2025
Greenblatt*Capital*
3Q2
64MELI
MERCADOLIBRE INC
Q2 2025
Burry
3Q2
65LYB
LYONDELLBASELL INDUSTRIES NV
Q1 2026
Marks*Druckenmiller*
2Q2
66VST
Vistra Corp
Q3 2024
Klarman*Marks*
2Q2
67DASH
DOORDASH INC
Q4 2025
Druckenmiller*Mandel*
2Q2
68XENE
XENON PHARMACEUTICALS INC
Q1 2026
Greenblatt*Druckenmiller*
2Q2
69ARM
ARM
Q3 2025
Druckenmiller*Slater*
2Q2
70CAI
CARIS LIFE SCIENCES INC
Q1 2026
Greenblatt*Druckenmiller*
2Q2
71WULF
TERAWULF INC
Q1 2026
Capital*Mandel*
2Q2
72TWST
TWIST BIOSCIENCE CORP
Q1 2026
Capital*Druckenmiller*
2Q2
73CRS
CARPENTER TECHNOLOGY CORP
Q2 2025
Capital*Druckenmiller*
2Q2
74MIR
MIRION TECHNOLOGIES INC
Q4 2024
Greenblatt*Druckenmiller*
2Q2
75SNDK
SANDISK CORP
Q1 2025
Greenblatt*Armitage*
2Q2
76PCT
PURECYCLE TECHNOLOGIES INC
Q4 2024
Greenblatt*Druckenmiller*
2Q2
77DB
DEUTSCHE BK AG
Q1 2025
Halvorsen*Tepper*
2Q2
78SGI
SOMNIGROUP INTERNATIONAL INC
Q1 2025
Greenblatt*Klarman*
2Q2
79WING
WINGSTOP INC
Q1 2025
Capital*Mandel*
2Q2
80NU
NU HLDGS LTD
Q4 2024
Capital*Druckenmiller*
2Q2
81UNH
UNITEDHEALTH GROUP INC
Q4 2024
Halvorsen*Rochon*
2Q2
82DNTH
DIANTHUS THERAPEUTICS INC
Q1 2026
Greenblatt*Capital*
2Q2
83CRCL
CIRCLE INTERNET GROUP INC
Q2 2025
Coleman*Slater*
2Q2
84EQPT
EQUIPMENTSHARE COM INC
Q1 2026
Halvorsen*Coleman*
2Q2
85FLY
FIREFLY AEROSPACE INC
Q1 2026
Greenblatt*Capital*
2Q2
86ESTA
ESTABLISHMENT LABS HLDGS INC
Q2 2025
Halvorsen*Greenblatt*
2Q2
87ZTS
Zoetis Inc
Q2 2025
NygrenRolfe*
2Q2
88RBRK
RUBRIK INC.
Q3 2025
Greenblatt*Capital*
2Q2
89DLX
DELUXE CORP MEDIUM TERM NTS
Q1 2026
Greenblatt*Capital*
2Q2
90PONY
Pony AI ADR
Q4 2024
Halvorsen*Coleman*
2Q2
91MICC
MAGNUM ICE CREAM CO NV
Q4 2025
Greenblatt*Slater*
2Q2
92HQY
HEALTHEQUITY INC
Q2 2025
Halvorsen*Capital*
2Q2
93WAT
WATERS CORP
Q1 2026
Halvorsen*Nygren
2Q2
94PDD
PDD HOLDINGS INC
Q4 2024
Coleman*Burry
2Q2
95ABNB
Airbnb Inc
Q4 2024
NygrenSlater*
2Q2
96TSM
Taiwan Semi
Q3 2024
Druckenmiller*
1Q2
97SHAZ
SHARONAI HOLDINGS INC
Q2 2026
Marks*Mandel*
1Q2
98BRK.B
BERKSHIRE HATHAWAY INC DEL
Q2 2026
Tepper*Slater*
1Q2
99FIGR
FIGURE TECHNOLOGY SOLUTIO
Q3 2025
Coleman*Druckenmiller*
1Q2
100SDRL
SEADRILL LTD
Q4 2024
Armitage*Ainslie*
1Q2

* first-mover is a quality-8+ manager (top tier). Lead column counts quarters between the first “new” record and the next one (or end of archive if crowd hasn’t arrived).

How first movers are identified

8-quarter moving-window, new-action only

  • 1. New-position entries only. We scan every 13F filing in the 8-quarter window (Q1 2024 → Q4 2025) for action="new" records. Adds on top of existing positions don’t count — we want the manager who opened the book.
  • 2. Earliest-quarter rule. For each ticker with at least one new entry, the earliest quarter in the archive with any new record defines the first-mover cohort. Managers in that quarter are first movers. Everyone later is the late wave.
  • 3. Lead quarters. The gap between the first-mover quarter and the next quarter with any new record on the same ticker. If no crowd has arrived, lead = quarters from first-move to the end of the archive.
  • 4. Sorting. Current owner count desc (the bet worked, crowd came), then lead quarters desc (bigger moat), then first-mover quality average desc (higher-quality pick), then ConvictionScore.

The 8-quarter window is a hard limit of the current archive — if a manager opened a position in 2022 and the archive only starts in Q1 2024, they are treated as an established holder, not a first mover. This is a known bias and the archive will extend as quarters close.

Not investment advice. First-mover status reflects archive coverage, not the full public history of a position. Methodology.

Deep dive

Reading for your research

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