Changes in total institutional holder counts are a lagging but durable signal of broadening or narrowing institutional consensus. Large holder-count gains indicate a name moving into more mandates; large declines suggest institutional abandonment.¹

Ticker	Name	Q3 Holders	Q4 Holders	Change	% Change	Net Flow
SOLS	Solstice Adv. Materials	2	1,008	+1,006	+50,300%	+$9.3B
MU	Micron Technology	2,244	2,814	+570	+25.4%	+$106.0B
GOOGL	Alphabet (Class A)	5,307	5,807	+500	+9.4%	+$349.4B
LLY	Eli Lilly	4,035	4,511	+476	+11.8%	+$1.08T
AMD	Advanced Micro Devices	2,857	3,279	+422	+14.8%	+$53.8B
FI	Fiserv	1,796	1,438	-358	-19.9%	-$8.7B
DD	DuPont de Nemours	1,409	1,244	-165	-11.7%	-$10.5B
SMCI	Super Micro Computer	951	839	-112	-11.8%	-$6.3B
MSTR	Strategy Inc	1,259	1,141	-118	-9.4%	-$9.4B

The most meaningful holder-count gains in non-SOLS names were in semiconductors: Micron's 570-holder gain (+25.4%) and AMD's 422-holder gain (+14.8%) represent genuine broadening of institutional mandates into the AI memory and GPU acceleration trade.⁸ Both showed large positive dollar flows, confirming the breadth signal was not an artifact of portfolio rebalancing.

On the decline side, Fiserv's 358-holder reduction and Stride's 128-holder decline (-23.7%) stand out as broad institutional exit rather than incremental trimming. Super Micro Computer lost 112 holders, consistent with ongoing accounting and compliance concerns ongoing since 2024.¹

Q4 2025 Institutional Flows: Healthcare and Industrials Surge, Software Faces Broad Selling

The Power Delivery Gap