% of shares outstanding is not shown for AVSE: 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 AVSE in the served universe — the cohort is size-matched, and an unmatched percentile would compare a micro-cap register to a mega-cap one.
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 |
|---|---|---|---|---|---|---|---|
| MASECO LLP | — | — | 412K | — | — | 435K | $29M |
| CITADEL ADVISORS LLC | — | 37K | 53K | 20K | 68K | 173K | $12M |
| Focus Partners Wealth | — | 13K | 150K | 157K | 151K | 151K | $10M |
| Riverwater Partners LLC | 26K | 71K | 83K | 118K | 125K | 133K | $9M |
| Corient Private Wealth LLC | 150K | 142K | 121K | 113K | 227K | 113K | $8M |
| OLD MISSION CAPITAL LLC | 15K | — | 32K | 13K | — | 108K | $7M |
| Strategic Financial Planning, Inc. | — | — | — | — | — | 241K | $6M |
| HighTower Advisors, LLC | 75K | 57K | 54K | 71K | 66K | 66K | $4M |
| Trailhead Planners LLC | — | — | — | — | 38K | 39K | $3M |
| COMMONWEALTH EQUITY SERVICES, LLC | 44K | 38K | 40K | 43K | 43K | 39K | $3M |
| EP Wealth Advisors, LLC | 6K | 6K | 4K | — | 4K | 39K | $3M |
| MERCER GLOBAL ADVISORS INC /ADV | — | — | — | 27K | 32K | 36K | $2M |
| RAYMOND JAMES FINANCIAL INC | — | 67K | — | — | 4K | 27K | $2M |
| Highland Financial Advisors, LLC | 18K | 18K | 20K | 23K | 23K | 24K | $2M |
| Opes Wealth Management LLC | 22K | 23K | 23K | 22K | 22K | 22K | $1M |
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 | 64 | 1,917,607 | — | $118M |
| 2025-Q4 | 63 | 1,371,141 |
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 | |
|---|---|---|---|
| MASECO LLP | +435,371 | $29M | OPEN |
| Strategic Financial Planning, Inc. | +240,897 | $16M | OPEN |
| OLD MISSION CAPITAL LLC | +107,829 | $7M | OPEN |
| CITADEL ADVISORS LLC | +105,275 | $7M | ADD |
| EP Wealth Advisors, LLC | +34,705 | $2M | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Northwest & Ethical Investments L.P. | −223,750 | $15M | CLOSE |
| Corient Private Wealth LLC | −113,588 | $8M | TRIM |
| JANE STREET GROUP, LLC | −49,115 | $3M | CLOSE |
| LongView Asset Management LLC | −38,844 | $3M | CLOSE |
| AlTi Global, Inc. | −8,432 | $561,306 | 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).
| — |
| $89M |
| 2025-Q3 | 59 | 1,285,847 | — | $82M |
| 2025-Q2 | 56 | 1,662,455 | — | $97M |
| 2025-Q1 | 49 | 1,065,271 | — | $55M |
| 2024-Q4 | 43 | 784,751 | — | $40M |
| 2024-Q3 | 36 | 684,684 | — | $38M |
| 2024-Q2 | 32 | 613,779 | — | $32M |
| 2024-Q1 | 33 | 603,590 | — | $30M |
| 2023-Q4 | 31 | 679,977 | — | $33M |
| 2023-Q3 | 27 | 628,808 | — | $28M |
| 2023-Q2 | 24 | 637,204 | — | $29M |
| 2023-Q1 | 23 | 713,748 | — | $32M |
| 2022-Q4 | 20 | 773,026 | — | $33M |
| 2022-Q3 | 9 | 268,059 | — | $10M |
| 2022-Q2 | 8 | 118,544 | — | $5M |
| 2022-Q1 | 1 | 48,800 | — | $2M |
