Axon Enterprise, Inc. (AXON)

Highly Crowded

Held by 1,003 of 5,944 reporting institutions (99th percentile) — extremely crowded.

Data as of Q1 2026

Institutional Ownership

82.19%

QoQ Change

-0.38%

Total Value

$27.7T

Shares Outstanding

80.6M

Crowding AnalysisHighly Crowded

Holders1,003of 5,944

Avg: 68

Uncrowded99th percentileCrowded

Institutional Activity

Buy/Sell Ratio0.97x

97th percentile

560 buying580 selling

+134

New

-229

Closed

+1.7M

Net shares

Holding Period Distribution

estimate

Median: 4 QAvg: 3.7 QHolders: 1,003

Ownership Concentration

Top 5: 34.4%Top 10: 50.5%

BlackRock,12.1%

VANGUARD CAPITAL MANAGEMENT7.6%

STATE STREET5.6%

VANGUARD PORTFOLIO MANAGEMENT5.4%

BAILLIE GIFFORD &3.7%

Others (998)65.6%

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Conviction-Weighted Ownership

Median weight: 0.07%Avg weight: 0.98%Max: 5.56%High conviction (>1%): 3

BlackRock,

VANGUARD CAPITAL MANAGEMENT

STATE STREET

VANGUARD PORTFOLIO MANAGEMENT

BAILLIE GIFFORD &

WELLINGTON MANAGEMENT GROUP LLP

FMR

GEODE CAPITAL MANAGEMENT,

EDGEWOOD MANAGEMENT

SANDS CAPITAL MANAGEMENT,

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Whale Moves Timeline (8 Quarters)

Biggest dollar-value position changes among top 10 holders

NEWVANGUARD CAPITAL MANAGEMENT$2.1B5.0M shr

NEWVANGUARD PORTFOLIO MANAGEMENT$1.5B3.6M shr

BOUGHTWELLINGTON MANAGEMENT GROUP LLP$373M878K shr

BOUGHTBAILLIE GIFFORD$347M817K shr

BOUGHTEDGEWOOD MANAGEMENT$228M538K shr

NEWBAILLIE GIFFORD$933M1.6M shr

NEWWELLINGTON MANAGEMENT GROUP LLP$874M1.5M shr

NEWEDGEWOOD MANAGEMENT$847M1.5M shr

SOLDFMR$251M441K shr

SOLDInvesco$169M298K shr

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Institutional Trends (8 Quarters)

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Institutional Holders

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