% of shares outstanding is not shown for BALT: 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 BALT 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 |
|---|---|---|---|---|---|---|---|
| RAYMOND JAMES FINANCIAL INC | 795K | 1.8M | 1.7M | 2.1M | 2.0M | 2.5M | $85M |
| OSAIC HOLDINGS, INC. | 1.3M | 1.8M | 2.3M | 2.3M | 2.4M | 2.5M | $82M |
| Wealthquest Corp | 3.1M | 3.4M | 3.2M | 2.6M | 2.4M | 2.4M | $79M |
| ENVESTNET ASSET MANAGEMENT INC | 1.6M | 1.8M | 1.7M | 1.8M | 1.1M | 1.9M | $65M |
| Cetera Investment Advisers | 767K | 712K | 1.1M | 1.2M | 1.5M | 1.6M | $53M |
| LEE JOHNSON CAPITAL MANAGEMENT, LLC | — | — | — | 844K | 822K | 1.4M | $47M |
| Foundations Investment Advisors, LLC | 199K | 208K | 268K | 535K | 1.2M | 1.4M | $47M |
| Kingsview Wealth Management, LLC | 177K | 351K | 533K | 846K | 1.0M | 1.2M | $39M |
| Reliant Wealth Planning | — | — | 36K | 957K | 977K | 1.0M | $34M |
| COMMONWEALTH EQUITY SERVICES, LLC | 1.1M | 1.1M | 1.1M | 1.0M | 1.1M | 945K | $32M |
| Crown Wealth Group, LLC | 637K | 712K | 764K | 880K | 949K | 937K | $31M |
| Brookstone Capital Management | 597K | 610K | 640K | 772K | 917K | 916K | $31M |
| Compass Advisory Group LLC | 655K | 700K | 694K | 754K | 807K | 859K | $29M |
| LPL Financial LLC | 104K | 121K | 200K | 399K | 414K | 818K | $27M |
| PTM WEALTH MANAGEMENT, LLC | — | 290K | 322K | 339K | 361K | 787K | $26M |
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 |
|---|
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 | +828,772 | $28M | ADD |
| LEE JOHNSON CAPITAL MANAGEMENT, LLC | +580,979 | $19M | ADD |
| PERSONAL CFO SOLUTIONS, LLC | +550,278 | $18M | OPEN |
| RAYMOND JAMES FINANCIAL INC | +542,879 | $18M | ADD |
| PTM WEALTH MANAGEMENT, LLC | +425,699 | $14M | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| JPMORGAN CHASE & CO | −4,008,756 | $134M | TRIM |
| Orion Porfolio Solutions, LLC | −658,760 | $22M | TRIM |
| NewEdge Advisors, LLC | −599,928 | $20M | CLOSE |
| CPC Advisors, LLC | −384,454 | $13M | CLOSE |
| JANE STREET GROUP, LLC | −256,318 | $9M | 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).
| 2026-Q1 | 276 | 44,630,945 | — | $1.5B |
| 2025-Q4 | 261 | 44,544,330 | — | $1.5B |
| 2025-Q3 | 225 | 37,506,088 | — | $1.2B |
| 2025-Q2 | 198 | 32,392,941 | — | $1.0B |
| 2025-Q1 | 193 | 29,828,565 | — | $939M |
| 2024-Q4 | 152 | 20,996,629 | — | $659M |
| 2024-Q3 | 128 | 17,769,945 | — | $548M |
| 2024-Q2 | 121 | 13,239,923 | — | $398M |
| 2024-Q1 | 103 | 13,514,716 | — | $395M |
| 2023-Q4 | 93 | 17,860,040 | — | $511M |
| 2023-Q3 | 79 | 11,080,647 | — | $308M |
| 2023-Q2 | 72 | 8,991,159 | — | $251M |
| 2023-Q1 | 76 | 8,447,663 | — | $230M |
| 2022-Q4 | 71 | 7,556,216 | — | $201M |
| 2022-Q3 | 45 | 4,672,615 | — | $121M |
| 2022-Q2 | 43 | 3,138,870 | — | $71M |
| 2022-Q1 | 31 | 1,443,870 | — | $37M |
| 2021-Q4 | 21 | 1,361,664 | — | $35M |
| 2021-Q3 | 11 | 181,133 | — | $5M |
