% of shares outstanding is not shown for ADPV: this is a fund line, and we hold no cover-page share count for it at any quarter — a fund's shares outstanding move with creations and redemptions rather than with issuance and buybacks, and it is not the SEC cover-page count this percentage is defined against. The figure is withheld rather than computed against a count that does not exist. Holder share counts are shown as filed.
Crowding percentile withheld — no market cap for ADPV in the served universe — the cohort is size-matched, and an unmatched percentile would compare a micro-cap register to a mega-cap one.
| # | Holder | Shares | Value | % of shares out | Δ QoQ |
|---|---|---|---|---|---|
| 1 | Client First Investment Management LLC | 2,381,7182.4M | $100M | — | — |
| 2 | IronBridge Private Wealth, LLC | 334,984334,984 | $14M | — | ADD 2% |
| 3 | ROYAL BANK OF CANADA | 196,330196,330 | $8M | — | TRIM -8% |
| 4 | STEPHENS INC /AR/ | 72,73272,732 | $3M | — | ADD 38% |
| 5 | MATHER GROUP, LLC. | 65,89765,897 | $3M | — | NEW |
| 6 | Ankerstar Wealth, LLC | 49,89949,899 | $2M | — | ADD 23% |
| 7 | SHP Wealth Management | 24,64924,649 | $1M | — | ADD 60% |
| 8 | GTS SECURITIES LLC | 20,98220,982 | $884,769 | — | NEW |
| 9 | WEST MICHIGAN ADVISORS, LLC | 15,07215,072 | $635,562 | — | ADD 73% |
| 10 | Davis Investment Partners, LLC | 11,10511,105 | $468,275 | — | ADD 42% |
| 11 | TD Waterhouse Canada Inc. | 9,5979,597 | $411,231 | — | — |
| 12 | MONEY CONCEPTS CAPITAL CORP | 8,4748,474 | $357,331 | — | NEW |
| 13 | Accel Wealth Management | 8,0088,008 | $337,673 | — | ADD 25% |
| 14 | SeaCrest Wealth Management, LLC | 7,7997,799 | $328,867 | — | ADD 20% |
| 15 | Worth Asset Management, LLC | 7,1097,109 | $299,772 | — | TRIM -23% |
| 16 | Private Advisor Group, LLC | 6,5346,534 | $275,525 | — | NEW |
| 17 | Sound View Wealth Advisors Group, LLC | 6,4616,461 | $272,447 | — | ADD 14% |
| 18 | IFP Advisors, Inc | 2,4502,450 | $103,311 | — | — |
| 19 | MORGAN STANLEY | 11 | $43 | — | NEW |
Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.
| Holder | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| Client First Investment Management LLC | 2.1M | 2.2M | 2.2M | 2.3M | 2.3M | 2.4M | $100M |
| IronBridge Private Wealth, LLC | — | 193K | 313K | 328K | 328K | 335K | $14M |
| ROYAL BANK OF CANADA | 127K | 202K | 441K | 220K | 212K | 196K | $8M |
| STEPHENS INC /AR/ | — | 11K | 39K | 50K | 53K | 73K | $3M |
| MATHER GROUP, LLC. | — | — | — | — | — | 66K | $3M |
| Ankerstar Wealth, LLC | — | — | — | — | 40K | 50K | $2M |
| SHP Wealth Management | — | — | — | — | 15K | 25K | $1M |
| GTS SECURITIES LLC | 16K | 97K | 25K | — | — | 21K | $884,769 |
| WEST MICHIGAN ADVISORS, LLC | — | 8K | — | 8K | 9K | 15K | $635,562 |
| Davis Investment Partners, LLC | — | — | — | — | 8K | 11K | $468,275 |
| TD Waterhouse Canada Inc. | — | 10K | 10K | 10K | 10K | 10K | $411,231 |
| MONEY CONCEPTS CAPITAL CORP | — | — | — | — | — | 8K | $357,331 |
| Accel Wealth Management | — | — | — | — | 6K | 8K | $337,673 |
| SeaCrest Wealth Management, LLC | — | — | — | — | 7K | 8K | $328,867 |
| Worth Asset Management, LLC | — | — | 10K | 11K | 9K | 7K | $299,772 |
Shares reported each quarter by the largest current holders. Green = added vs the prior filing, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
Holder count only — too few computable %-of-shares-outstanding quarters for a % pane. Line breaks are quarters with no 13F record, never interpolated.
| Quarter | Holders | Shares held | % shares out | Value held |
|---|---|---|---|---|
| 2026-Q1 | 19 | 3,229,801 | — | $136M |
| 2025-Q4 | 17 | 3,043,233 | — | $130M |
| 2025-Q3 | 13 | 3,092,727 | — | $131M |
| 2025-Q2 |
Short interest has its own tab now — open SI →
Source: SEC Form 13F — every institution manager (≥ $100M in 13F securities) reporting a long US-listed position, across ~10,250 filers over 10 years of history. 13F is long-only, US-listed, filed up to 45 days after quarter-end.
| Biggest buyers | Δ shares | Δ value | |
|---|---|---|---|
| MATHER GROUP, LLC. | +65,897 | $3M | OPEN |
| Client First Investment Management LLC | +44,868 | $2M | — |
| GTS SECURITIES LLC | +20,982 | $884,767 | OPEN |
| STEPHENS INC /AR/ | +20,015 | $843,991 | ADD |
| Ankerstar Wealth, LLC | +9,451 | $398,529 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| ROYAL BANK OF CANADA | −16,111 | $679,367 | TRIM |
| Worth Asset Management, LLC | −2,126 | $89,649 | TRIM |
| Global Retirement Partners, LLC | −694 | $29,265 | CLOSE |
| Ancora Advisors LLC | −600 | $25,301 | CLOSE |
| UBS Group AG | −178 | $7,506 | CLOSE |
The 2025-Q4 register is as-filed in ITS OWN share basis; every count below was rebased into the 2026-Q1 basis (no split in between, factor 1). Dollar figures value the SHARE delta at one price — the 2026-03-31 close — rather than differencing two filings' own reported values, which would mix the quarter's price move into the trade figure.
13Fs disclose LONG US-listed positions only — shorts, most derivatives, bonds and non-US listings are invisible here, and a filer's quarter-over-quarter change is not necessarily a trade (index rebalances, in-kind transfers and entity successions all read as flow).
| 14 |
| 3,065,629 |
| — |
| $113M |
| 2025-Q1 | 10 | 2,729,148 | — | $94M |
| 2024-Q4 | 8 | 2,287,599 | — | $81M |
| 2024-Q3 | 8 | 2,152,722 | — | $69M |
| 2024-Q2 | 6 | 2,099,333 | — | $64M |
| 2024-Q1 | 4 | 1,886,798 | — | $58M |
| 2023-Q4 | 5 | 1,918,919 | — | $48M |
| 2023-Q3 | 5 | 151,950 | — | $4M |
| 2023-Q2 | 4 | 179,250 | — | $4M |
| 2023-Q1 | 3 | 180,976 | — | $4M |
| 2022-Q4 | 1 | 21,031 | — | $527,983 |
| 2020-Q4 | 1 | 8,108 | — | $2M |
