% of shares outstanding is not shown for BAFE: 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 BAFE 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 | BROWN ADVISORY INC | 56,200,19856.2M | $1.4B | — | ADD 3% |
| 2 | HB Wealth Management, LLC | 131,688131,688 | $3M | — | ADD 2% |
| 3 | Quantinno Capital Management LP | 127,260127,260 | $3M | — | ADD 3% |
| 4 | GOLDMAN SACHS GROUP INC | 82,30782,307 | $2M | — | ADD 1010% |
| 5 | JANE STREET GROUP, LLC | 80,81680,816 | $2M | — | ADD 667% |
| 6 | TRED AVON FAMILY WEALTH, LLC | 78,10478,104 | $2M | — | — |
| 7 | JPMORGAN CHASE & CO | 7,8687,868 | $193,196 | — | ADD 191% |
| 8 | ROYAL BANK OF CANADA | 6,6836,683 | $169,000 | — | NEW |
| 9 | UBS Group AG | 3,5193,519 | $89,041 | — | NEW |
| 10 | Avalon Trust Co | 1,5051,505 | $38,082 | — | 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 |
|---|---|---|---|---|---|---|---|
| BROWN ADVISORY INC | 39.5M | 43.1M | 49.3M | 52.4M | 54.5M | 56.2M | $1.4B |
| HB Wealth Management, LLC | — | — | 129K | 129K | 129K | 132K | $3M |
| Quantinno Capital Management LP | — | — | 46K | 123K | 123K | 127K | $3M |
| GOLDMAN SACHS GROUP INC | — | — | — | — | 7K | 82K | $2M |
| JANE STREET GROUP, LLC | — | — | 51K | 9K | 11K | 81K | $2M |
| TRED AVON FAMILY WEALTH, LLC | — | — | — | — | 79K | 78K | $2M |
| JPMORGAN CHASE & CO | — | — | — | — | 3K | 8K | $193,196 |
| ROYAL BANK OF CANADA | — | — | — | — | — | 7K | $169,000 |
| UBS Group AG | 130 | — | — | — | — | 4K | $89,041 |
| Avalon Trust Co | — | — | — | — | — | 2K | $38,082 |
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 | 10 | 56,719,948 | — | $1.4B |
| 2025-Q4 | 8 | 54,902,313 | — | $1.5B |
| 2025-Q3 | 4 | 52,708,305 | — | $1.4B |
| 2025-Q2 | 6 | 49,550,450 | — | $1.3B |
| 2025-Q1 | 2 | 43,092,094 | — | $1.0B |
| 2024-Q4 | 2 | 39,492,760 | — | $986M |
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 | |
|---|---|---|---|
| BROWN ADVISORY INC | +1,659,990 | $42M | ADD |
| GOLDMAN SACHS GROUP INC | +74,893 | $2M | ADD |
| JANE STREET GROUP, LLC | +70,275 | $2M | ADD |
| ROYAL BANK OF CANADA | +6,683 | $169,100 | OPEN |
| JPMORGAN CHASE & CO | +5,163 | $130,639 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| CITADEL ADVISORS LLC | −9,968 | $252,220 | CLOSE |
| TRED AVON FAMILY WEALTH, LLC | −1,369 | $34,640 | — |
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).
