% of shares outstanding is not shown for APMU: 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 APMU 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 | ENVESTNET ASSET MANAGEMENT INC | 5,013,8145.0M | $125M | — | ADD 16% |
| 2 | Envestnet Portfolio Solutions, Inc. | 3,089,8683.1M | $77M | — | TRIM -6% |
| 3 | LPL Financial LLC | 452,184452,184 | $11M | — | ADD 3% |
| 4 | PRINCIPAL SECURITIES, INC. | 411,841411,841 | $10M | — | ADD 5% |
| 5 | PARK AVENUE SECURITIES LLC | 195,719195,719 | $5M | — | NEW |
| 6 | MML INVESTORS SERVICES, LLC | 182,239182,239 | $5M | — | ADD 43% |
| 7 | &PARTNERS | 165,646165,646 | $4M | — | ADD 61% |
| 8 | B. Riley Wealth Advisors, Inc. | 93,85793,857 | $2M | — | — |
| 9 | Cetera Investment Advisers | 80,36680,366 | $2M | — | ADD 48% |
| 10 | PRINCIPAL FINANCIAL GROUP INC | 42,99442,994 | $1M | — | — |
| 11 | COMMONWEALTH EQUITY SERVICES, LLC | 13,75013,750 | $342,240 | — | TRIM -2% |
| 12 | RESOLUTE WEALTH ADVISOR, INC. | 12,51712,517 | $311,554 | — | NEW |
| 13 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 11,47711,477 | $285,667 | — | TRIM -21% |
| 14 | Financial Sense Advisors, Inc. | 11,35311,353 | $282,581 | — | — |
| 15 | Allworth Financial LP | 11,23611,236 | $279,669 | — | TRIM -14% |
| 16 | OSAIC HOLDINGS, INC. | 8,8398,839 | $220,014 | — | TRIM -15% |
| 17 | Spire Wealth Management | 6,3796,379 | $158,776 | — | TRIM -5% |
| 18 | Farther Finance Advisors, LLC | 5,3255,325 | $132,433 | — | NEW |
| 19 | PNC FINANCIAL SERVICES GROUP, INC. | 3,6373,637 | $90,526 | — | NEW |
| 20 | Sound Income Strategies, LLC | 1,9931,993 | $49,566 | — | — |
| 21 | UBS Group AG | 313313 | $7,791 | — | ADD 440% |
| 22 | MORGAN STANLEY | 11 | $25 | — | — |
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 |
|---|---|---|---|---|---|---|---|
| ENVESTNET ASSET MANAGEMENT INC | 3.0M | 3.2M | 3.5M | 4.0M | 4.3M | 5.0M | $125M |
| Envestnet Portfolio Solutions, Inc. | 3.9M | 3.1M | 2.9M | 3.1M | 3.3M | 3.1M | $77M |
| LPL Financial LLC | 41K | 51K | 367K | 397K | 438K | 452K | $11M |
| PRINCIPAL SECURITIES, INC. | 159K | 159K | 230K | 300K | 391K | 412K | $10M |
| PARK AVENUE SECURITIES LLC | 18K | 13K | 24K | 32K | — | 196K | $5M |
| MML INVESTORS SERVICES, LLC | 48K | 67K | 85K | 100K | 128K | 182K | $5M |
| &PARTNERS | 35K | 74K | 89K | 101K | 103K | 166K | $4M |
| B. Riley Wealth Advisors, Inc. | 64K | — | 63K | 78K | 94K | 94K | $2M |
| Cetera Investment Advisers | — | 34K | 40K | 44K | 54K | 80K | $2M |
| PRINCIPAL FINANCIAL GROUP INC | 45K | 45K | 41K | 42K | 42K | 43K | $1M |
| COMMONWEALTH EQUITY SERVICES, LLC | 13K | 14K | 14K | 15K | 14K | 14K | $342,240 |
| RESOLUTE WEALTH ADVISOR, INC. | — | — | — | — | — | 13K | $311,554 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | — | 8K | — | — | 15K | 11K | $285,667 |
| Financial Sense Advisors, Inc. | 13K | 14K | 19K | 11K | 11K | 11K | $282,581 |
| Allworth Financial LP | 9K | 13K | 13K | 13K | 13K | 11K | $279,669 |
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 | 22 | 9,815,348 | — | $244M |
| 2025-Q4 | 21 | 8,968,967 | — | $225M |
| 2025-Q3 | 22 | 8,272,244 | — | $208M |
| 2025-Q2 | 21 | 7,379,557 | — | $183M |
| 2025-Q1 | 20 | 7,123,055 | — | $176M |
| 2024-Q4 | 22 | 7,614,509 | — | $188M |
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 | |
|---|---|---|---|
| ENVESTNET ASSET MANAGEMENT INC | +672,972 | $17M | ADD |
| PARK AVENUE SECURITIES LLC | +195,719 | $5M | OPEN |
| &PARTNERS | +62,921 | $2M | ADD |
| MML INVESTORS SERVICES, LLC | +54,500 | $1M | ADD |
| Cetera Investment Advisers | +25,967 | $646,319 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Envestnet Portfolio Solutions, Inc. | −183,671 | $5M | TRIM |
| JANE STREET GROUP, LLC | −19,334 | $481,223 | CLOSE |
| GOLDMAN SACHS GROUP INC | −11,942 | $297,236 | CLOSE |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | −3,036 | $75,566 | TRIM |
| Allworth Financial LP | −1,842 | $45,847 | TRIM |
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).
| 2024-Q3 | 18 | 6,190,641 | — | $155M |
| 2024-Q2 | 15 | 5,723,815 | — | $141M |
| 2024-Q1 | 9 | 3,093,409 | — | $77M |
| 2023-Q4 | 7 | 2,357,954 | — | $59M |
| 2023-Q3 | 7 | 1,539,872 | — | $37M |
| 2023-Q2 | 3 | 1,488,763 | — | $37M |
