% of shares outstanding is not shown for BSMV: 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 BSMV 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 | Hills Bank & Trust Co | 479,643479,643 | $10M | — | ADD 9% |
| 2 | CONFLUENCE INVESTMENT MANAGEMENT LLC | 311,374311,374 | $7M | — | ADD 102% |
| 3 | HighTower Advisors, LLC | 302,689302,689 | $6M | — | ADD 37% |
| 4 | MORGAN STANLEY | 257,116257,116 | $5M | — | ADD 4% |
| 5 | LPL Financial LLC | 255,403255,403 | $5M | — | TRIM -35% |
| 6 | UBS Group AG | 234,071234,071 | $5M | — | ADD 27% |
| 7 | BANK OF AMERICA CORP /DE/ | 233,434233,434 | $5M | — | ADD 28% |
| 8 | Avior Wealth Management, LLC | 223,134223,134 | $5M | — | ADD 28% |
| 9 | Invesco Ltd. | 204,774204,774 | $4M | — | TRIM -3% |
| 10 | PRECEDENT WEALTH PARTNERS, LLC | 201,991201,991 | $4M | — | ADD 6% |
| 11 | Lido Advisors, LLC | 195,700195,700 | $4M | — | — |
| 12 | RAYMOND JAMES FINANCIAL INC | 192,663192,663 | $4M | — | — |
| 13 | CENTRAL VALLEY ADVISORS, LLC | 188,576188,576 | $4M | — | — |
| 14 | Atlantic Union Bankshares Corp | 188,397188,397 | $4M | — | ADD 11% |
| 15 | ENVESTNET ASSET MANAGEMENT INC | 141,636141,636 | $3M | — | ADD 81% |
| 16 | MONECO ADVISORS, LLC | 134,630134,630 | $3M | — | ADD 21% |
| 17 | Envision Financial Planning, LLC | 110,258110,258 | $2M | — | ADD 4% |
| 18 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 108,515108,515 | $2M | — | ADD 2% |
| 19 | Key Financial Inc | 105,714105,714 | $2M | — | TRIM -15% |
| 20 | Parkway Wealth Management Group, LLC | 101,986101,986 | $2M | — | ADD 9% |
| 21 | Clark Asset Management, LLC | 93,08993,089 | $2M | — | ADD 38% |
| 22 | Kestra Advisory Services, LLC | 91,24091,240 | $2M | — | — |
| 23 | STIFEL FINANCIAL CORP | 85,10885,108 | $2M | — | ADD 25% |
| 24 | OSAIC HOLDINGS, INC. | 81,54481,544 | $2M | — | ADD 36% |
| 25 | CARY STREET PARTNERS FINANCIAL LLC | 75,11575,115 | $2M | — | ADD 81% |
| 26 | Coastline Complete Wealth LLC | 71,82371,823 | $1M | — | ADD 492% |
| 27 | JANE STREET GROUP, LLC | 66,04066,040 | $1M | — | ADD 11% |
| 28 | Focus Partners Wealth | 64,63764,637 | $1M | — | ADD 5% |
| 29 | Legacy Private Trust Co. | 60,46360,463 | $1M | — | NEW |
| 30 | WELLS FARGO & COMPANY/MN | 56,22356,223 | $1M | — | ADD 18% |
| 31 | UNITED CAPITAL FINANCIAL ADVISORS, LLC | 56,08356,083 | $1M | — | ADD 40% |
| 32 | FLOW TRADERS U.S. LLC | 51,45151,451 | $1M | — | TRIM -33% |
| 33 | MML INVESTORS SERVICES, LLC | 49,94049,940 | $1M | — | TRIM -14% |
| 34 | Equitable Holdings, Inc. | 49,04549,045 | $1M | — | ADD 7% |
| 35 | Integrated Wealth Concepts LLC | 44,14644,146 | $921,780 | — | ADD 28% |
| 36 | COMMONWEALTH EQUITY SERVICES, LLC | 41,81141,811 | $873,040 | — | ADD 18% |
| 37 | VestGen Advisors, LLC | 40,90240,902 | $859,153 | — | ADD 3% |
| 38 | Marietta Wealth Management, LLC | 34,01234,012 | $710,181 | — | — |
| 39 | CAPTRUST FINANCIAL ADVISORS | 31,75031,750 | $662,940 | — | ADD 2% |
| 40 | Sequoia Financial Advisors, LLC | 28,97528,975 | $605,007 | — | TRIM -20% |
| 41 | Asset Dedication, LLC | 27,78327,783 | $580,118 | — | TRIM -43% |
| 42 | BENJAMIN EDWARDS INC | 26,84026,840 | $560,379 | — | — |
| 43 | JONES FINANCIAL COMPANIES LLLP | 24,91324,913 | $517,941 | — | ADD 46% |
| 44 | Addison Advisors LLC | 23,70423,704 | $494,947 | — | ADD 6% |
| 45 | ROYAL BANK OF CANADA | 20,78520,785 | $434,000 | — | ADD 11% |
| 46 | Jacobi Capital Management LLC | 20,23020,230 | $422,406 | — | — |
| 47 | Gradient Capital Advisors, LLC | 19,70419,704 | $411,425 | — | — |
| 48 | Venture Visionary Partners LLC | 18,18418,184 | $379,707 | — | TRIM -20% |
| 49 | Cambridge Financial Group, LLC | 15,39815,398 | $321,515 | — | — |
| 50 | Cambridge Investment Research Advisors, Inc. | 14,34514,345 | $300,000 | — | — |
| 51 | Summit Trail Advisors, LLC | 13,47913,479 | $281,446 | — | TRIM -42% |
| 52 | Intentional Wealth Strategies, LLC | 12,63512,635 | $263,823 | — | NEW |
| 53 | Horizons Wealth Management | 12,60512,605 | $263,196 | — | — |
| 54 | Beacon Pointe Advisors, LLC | 12,25612,256 | $255,909 | — | — |
| 55 | Global Financial Private Client, LLC | 12,20812,208 | $254,907 | — | NEW |
| 56 | Heritage Trust Co | 12,01912,019 | $250,960 | — | NEW |
| 57 | OneAscent Financial Services LLC | 11,65011,650 | $243,255 | — | NEW |
| 58 | World Investment Advisors | 11,39011,390 | $237,827 | — | NEW |
| 59 | Vestmark Advisory Solutions, Inc. | 11,39011,390 | $237,827 | — | NEW |
| 60 | CGN Advisors LLC | 10,05010,050 | $209,847 | — | TRIM -6% |
| 61 | COOKSON PEIRCE & CO INC | 9,6129,612 | $200,702 | — | TRIM -4% |
| 62 | HARBOUR INVESTMENTS, INC. | 9,5179,517 | $198,718 | — | — |
| 63 | Crews Bank & Trust | 9,4609,460 | $197,528 | — | — |
| 64 | Capital Analysts, LLC | 8,8888,888 | $186,000 | — | — |
| 65 | First Command Advisory Services, Inc. | 6,7356,735 | $140,621 | — | — |
| 66 | Ascentis Independent Advisors | 6,7006,700 | $139,898 | — | NEW |
| 67 | Larson Financial Group LLC | 6,0556,055 | $126,430 | — | — |
| 68 | Aptus Capital Advisors, LLC | 6,0096,009 | $125,470 | — | — |
| 69 | NorthAvenue LLC | 2,4522,452 | $51,199 | — | ADD 72% |
| 70 | PNC FINANCIAL SERVICES GROUP, INC. | 958958 | $20,000 | — | — |
| 71 | Farther Finance Advisors, LLC | 901901 | $18,867 | — | TRIM -86% |
| 72 | NewEdge Advisors, LLC | 12,85012,850 | $12,850 | — | ADD 394% |
| 73 | Trust Co | 443443 | $9,250 | — | — |
| 74 | IFP Advisors, Inc | 272272 | $5,679 | — | NEW |
| 75 | FMR LLC | 212212 | $4,427 | — | — |
| 76 | O'SHAUGHNESSY ASSET MANAGEMENT, LLC | 193193 | $4,030 | — | — |
| 77 | Root Financial Partners, LLC | 159159 | $3,320 | — | 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 |
|---|---|---|---|---|---|---|---|
| Hills Bank & Trust Co | — | — | 51K | 129K | 442K | 480K | $10M |
| CONFLUENCE INVESTMENT MANAGEMENT LLC | 257K | 144K | 140K | 134K | 154K | 311K | $7M |
| HighTower Advisors, LLC | 65K | 64K | 63K | 70K | 221K | 303K | $6M |
| MORGAN STANLEY | 46K | 73K | 106K | 143K | 247K | 257K | $5M |
| LPL Financial LLC | 270K | 342K | 331K | 381K | 391K | 255K | $5M |
| UBS Group AG | 31K | 115K | 132K | 143K | 184K | 234K | $5M |
| BANK OF AMERICA CORP /DE/ | 169K | 184K | 185K | 180K | 183K | 233K | $5M |
| Avior Wealth Management, LLC | 119K | 146K | 118K | 147K | 174K | 223K | $5M |
| Invesco Ltd. | 141K | 160K | 177K | 174K | 211K | 205K | $4M |
| PRECEDENT WEALTH PARTNERS, LLC | 74K | 141K | 157K | 178K | 190K | 202K | $4M |
| Lido Advisors, LLC | 49K | 67K | 87K | 177K | 196K | 196K | $4M |
| RAYMOND JAMES FINANCIAL INC | 100K | 107K | 119K | 146K | 189K | 193K | $4M |
| CENTRAL VALLEY ADVISORS, LLC | — | — | — | 188K | 191K | 189K | $4M |
| Atlantic Union Bankshares Corp | — | 130K | 161K | 178K | 170K | 188K | $4M |
| ENVESTNET ASSET MANAGEMENT INC | 73K | 107K | 97K | 106K | 78K | 142K | $3M |
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 | |
|---|---|---|---|
| CONFLUENCE INVESTMENT MANAGEMENT LLC | +156,943 | $3M | ADD |
| HighTower Advisors, LLC | +82,178 | $2M | ADD |
| ENVESTNET ASSET MANAGEMENT INC | +63,379 | $1M | ADD |
| Legacy Private Trust Co. | +60,463 | $1M | OPEN |
| Coastline Complete Wealth LLC | +59,695 | $1M | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| LPL Financial LLC | −135,131 | $3M | TRIM |
| Elequin Capital, LP | −72,685 | $2M | CLOSE |
| Farmers National Bank | −55,687 | $1M | CLOSE |
| Koss-Olinger Consulting, LLC | −26,048 | $543,882 | CLOSE |
| FLOW TRADERS U.S. LLC | −25,717 | $536,971 | 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).
| 2026-Q1 | 77 | 5,758,085 | — | $120M |
| 2025-Q4 | 76 | 5,288,502 | — | $112M |
| 2025-Q3 | 71 | 4,013,841 | — | $84M |
| 2025-Q2 | 58 | 3,299,260 | — | $68M |
| 2025-Q1 | 59 | 3,225,371 | — | $67M |
| 2024-Q4 | 58 | 2,737,702 | — | $57M |
| 2024-Q3 | 50 | 2,209,582 | — | $47M |
| 2024-Q2 | 44 | 1,903,782 | — | $40M |
| 2024-Q1 | 40 | 1,866,262 | — | $40M |
| 2023-Q4 | 37 | 1,602,426 | — | $35M |
| 2023-Q3 | 25 | 1,022,744 | — | $20M |
| 2023-Q2 | 25 | 826,195 | — | $17M |
| 2023-Q1 | 21 | 498,220 | — | $11M |
| 2022-Q4 | 21 | 547,376 | — | $11M |
| 2022-Q3 | 15 | 497,291 | — | $10M |
| 2022-Q2 | 12 | 795,270 | — | $17M |
| 2022-Q1 | 8 | 366,855 | — | $8M |
| 2021-Q4 | 4 | 55,757 | — | $1M |
| 2021-Q3 | 1 | 9,997 | — | $247,000 |
