% of shares outstanding is not shown for BUSA: 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 BUSA 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 |
|---|---|---|---|---|---|---|---|
| HANTZ FINANCIAL SERVICES, INC. | 6.2M | 5.7M | 5.9M | 6.1M | 6.3M | 5.6M | $207M |
| A&I FINANCIAL SERVICES, LLC | — | 430K | 446K | 465K | 463K | 444K | $16M |
| Brooklyn Investment Group | — | 2K | 29K | 29K | 176K | 206K | $8M |
| STIFEL FINANCIAL CORP | — | — | — | — | 6K | 97K | $4M |
| ROYAL BANK OF CANADA | 8K | 31K | 100K | 58K | 69K | 91K | $3M |
| NKCFO LLC | — | — | — | — | 82K | 82K | $3M |
| HARBOR INVESTMENT ADVISORY, LLC | 29K | 32K | 33K | 33K | 33K | 33K | $1M |
| Live Oak Private Wealth LLC | — | — | — | — | — | 30K | $1M |
| COMMONWEALTH EQUITY SERVICES, LLC | — | — | 14K | 19K | 22K | 24K | $871,230 |
| Waverly Advisors, LLC | — | — | — | — | — | 22K | $801,520 |
| JANE STREET GROUP, LLC | 9K | — | — | — | — | 16K | $587,359 |
| Kestra Advisory Services, LLC | — | — | — | — | 2K | 14K | $530,133 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 9K | — | — | 13K | — | 7K | $259,103 |
| Sanctuary Advisors, LLC | — | — | — | — | — | 7K | $243,481 |
| B. Riley Wealth Advisors, Inc. | — | — | — | 7K | 7K | 7K | $240,534 |
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 | 24 | 6,684,195 | — | $247M |
| 2025-Q4 | 17 | 7,184,766 | — | $263M |
| 2025-Q3 | 16 | 6,737,809 | — | $235M |
| 2025-Q2 | 11 | 6,636,253 | — | $222M |
| 2025-Q1 | 11 | 6,480,939 | — | $213M |
| 2024-Q4 | 9 | 6,452,989 | — | $204M |
| 2024-Q3 | 7 | 5,581,914 | — | $178M |
| 2024-Q2 | 3 | 4,702,375 | — |
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 | |
|---|---|---|---|
| STIFEL FINANCIAL CORP | +91,249 | $3M | ADD |
| Brooklyn Investment Group | +29,848 | $1M | ADD |
| Live Oak Private Wealth LLC | +29,801 | $1M | OPEN |
| ROYAL BANK OF CANADA | +22,103 | $818,253 | ADD |
| Waverly Advisors, LLC | +21,651 | $801,520 | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| HANTZ FINANCIAL SERVICES, INC. | −714,354 | $26M | TRIM |
| A&I FINANCIAL SERVICES, LLC | −18,591 | $688,239 | TRIM |
| STEPH & CO | −7,337 | $271,616 | CLOSE |
| CITADEL ADVISORS LLC | −7,095 | $262,657 | CLOSE |
| Steward Partners Investment Advisory, LLC | −650 | $24,063 | 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).
| $140M |
| 2024-Q1 | 2 | 3,423,236 | — | $106M |
| 2023-Q4 | 2 | 1,685,416 | — | $47M |
