% of shares outstanding is not shown for BSMZ: 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 BSMZ 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 | CONFLUENCE INVESTMENT MANAGEMENT LLC | 223,117223,117 | $6M | — | NEW |
| 2 | LPL Financial LLC | 150,431150,431 | $4M | — | ADD 1099% |
| 3 | Atlantic Union Bankshares Corp | 138,398138,398 | $3M | — | ADD 7% |
| 4 | Invesco Ltd. | 89,52389,523 | $2M | — | — |
| 5 | STIFEL FINANCIAL CORP | 45,37945,379 | $1M | — | ADD 53% |
| 6 | JANE STREET GROUP, LLC | 40,59940,599 | $1M | — | TRIM -39% |
| 7 | HighTower Advisors, LLC | 40,21440,214 | $1M | — | NEW |
| 8 | RAYMOND JAMES FINANCIAL INC | 38,03238,032 | $955,786 | — | ADD 57% |
| 9 | Equitable Holdings, Inc. | 35,67035,670 | $896,426 | — | ADD 13% |
| 10 | ENVESTNET ASSET MANAGEMENT INC | 31,87031,870 | $800,919 | — | ADD 128% |
| 11 | Key Financial Inc | 30,53530,535 | $767,378 | — | ADD 30% |
| 12 | MGO ONE SEVEN LLC | 21,76321,763 | $546,928 | — | ADD 32% |
| 13 | Kestra Advisory Services, LLC | 19,57919,579 | $492,040 | — | ADD 459% |
| 14 | IFP Advisors, Inc | 18,00018,000 | $452,360 | — | NEW |
| 15 | UNITED CAPITAL FINANCIAL ADVISORS, LLC | 15,27015,270 | $382,514 | — | ADD 27% |
| 16 | MONECO ADVISORS, LLC | 13,90513,905 | $349,448 | — | ADD 21% |
| 17 | JPMORGAN CHASE & CO | 12,61612,616 | $315,858 | — | NEW |
| 18 | OSAIC HOLDINGS, INC. | 12,40012,400 | $311,612 | — | NEW |
| 19 | Jacobi Capital Management LLC | 11,70011,700 | $294,034 | — | NEW |
| 20 | MML INVESTORS SERVICES, LLC | 9,3789,378 | $235,676 | — | TRIM -21% |
| 21 | COOKSON PEIRCE & CO INC | 8,2758,275 | $207,960 | — | TRIM -5% |
| 22 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 8,1478,147 | $204,743 | — | ADD 63% |
| 23 | Addison Advisors LLC | 6,2546,254 | $157,170 | — | ADD 38% |
| 24 | INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | 5,5455,545 | $139,847 | — | — |
| 25 | GILL CAPITAL PARTNERS, LLC | 3,9503,950 | $99,268 | — | NEW |
| 26 | ROYAL BANK OF CANADA | 3,8403,840 | $97,000 | — | ADD 103% |
| 27 | Asset Dedication, LLC | 298298 | $7,490 | — | NEW |
| 28 | UBS Group AG | 296296 | $7,439 | — | NEW |
| 29 | Root Financial Partners, LLC | 132132 | $3,317 | — | 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 |
|---|---|---|---|---|---|---|---|
| CONFLUENCE INVESTMENT MANAGEMENT LLC | — | — | — | — | — | 223K | $6M |
| LPL Financial LLC | — | — | — | — | 13K | 150K | $4M |
| Atlantic Union Bankshares Corp | — | — | — | — | 130K | 138K | $3M |
| Invesco Ltd. | — | — | — | — | 90K | 90K | $2M |
| STIFEL FINANCIAL CORP | — | — | — | — | 30K | 45K | $1M |
| JANE STREET GROUP, LLC | — | — | — | 36K | 67K | 41K | $1M |
| HighTower Advisors, LLC | — | — | — | — | — | 40K | $1M |
| RAYMOND JAMES FINANCIAL INC | — | — | — | — | 24K | 38K | $955,786 |
| Equitable Holdings, Inc. | — | — | — | — | 32K | 36K | $896,426 |
| ENVESTNET ASSET MANAGEMENT INC | — | — | — | — | 14K | 32K | $800,919 |
| Key Financial Inc | — | — | — | — | 24K | 31K | $767,378 |
| MGO ONE SEVEN LLC | — | — | — | — | 16K | 22K | $546,928 |
| Kestra Advisory Services, LLC | — | — | — | — | 4K | 20K | $492,040 |
| IFP Advisors, Inc | — | — | — | — | — | 18K | $452,360 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC | — | — | — | — | 12K | 15K | $382,514 |
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 | 29 | 1,035,116 | — | $26M |
| 2025-Q4 | 23 | 629,813 | — | $16M |
| 2025-Q3 | 1 | 35,984 | — | $904,278 |
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 | +223,117 | $6M | OPEN |
| LPL Financial LLC | +137,888 | $3M | ADD |
| HighTower Advisors, LLC | +40,214 | $1M | OPEN |
| IFP Advisors, Inc | +18,000 | $452,360 | OPEN |
| ENVESTNET ASSET MANAGEMENT INC | +17,904 | $449,947 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Elequin Capital, LP | −85,314 | $2M | CLOSE |
| JANE STREET GROUP, LLC | −26,159 | $657,404 | TRIM |
| Koss-Olinger Consulting, LLC | −22,758 | $571,934 | CLOSE |
| COMMONWEALTH EQUITY SERVICES, LLC | −10,400 | $261,363 | CLOSE |
| Delta Investment Management, LLC | −7,864 | $197,631 | 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).
