% of shares outstanding is not shown for CALI: 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 CALI 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 |
|---|---|---|---|---|---|---|---|
| LPL Financial LLC | — | 20K | 103K | 141K | 173K | 244K | $12M |
| Elmwood Wealth Management, Inc. | 125K | 139K | 144K | 154K | 164K | 212K | $11M |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | — | — | 6K | 23K | 135K | 142K | $7M |
| DeLarme Wealth Management, Inc. | — | — | — | — | 70K | 89K | $4M |
| JANE STREET GROUP, LLC | — | 16K | 48K | 5K | — | 89K | $4M |
| NDWM LLC | — | — | 37K | 60K | 65K | 84K | $4M |
| Composition Wealth, LLC | — | — | — | 35K | 27K | 81K | $4M |
| SWEENEY & MICHEL, LLC | — | 8K | 11K | 11K | 55K | 67K | $3M |
| Apella Capital, LLC | — | — | — | — | — | 61K | $3M |
| FIRST AMERICAN TRUST, FSB | — | — | — | — | 40K | 60K | $3M |
| Integrated Wealth Concepts LLC | 19K | 21K | 16K | 45K | — | 53K | $3M |
| CITIZENS FINANCIAL GROUP INC/RI | 72K | 71K | 72K | 70K | 71K | 51K | $3M |
| AXXCESS WEALTH MANAGEMENT, LLC | — | — | 17K | 34K | 43K | 35K | $2M |
| Mariner, LLC | — | — | 15K | 19K | 34K | 34K | $2M |
| Cambridge Investment Research Advisors, Inc. | — | — | — | — | — | 33K | $2M |
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 | 91 | 2,183,195 | — | $110M |
| 2025-Q4 | 79 | 1,792,060 | — | $90M |
| 2025-Q3 | 66 | 1,290,232 | — | $65M |
| 2025-Q2 | 48 | 1,013,438 | — | $51M |
| 2025-Q1 | 31 | 538,901 | — | $27M |
| 2024-Q4 | 20 | 355,857 | — | $18M |
| 2024-Q3 | 18 | 325,614 | — | $16M |
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 | |
|---|---|---|---|
| JANE STREET GROUP, LLC | +89,159 | $4M | OPEN |
| LPL Financial LLC | +71,625 | $4M | ADD |
| Apella Capital, LLC | +60,738 | $3M | OPEN |
| Composition Wealth, LLC | +53,656 | $3M | ADD |
| Integrated Wealth Concepts LLC | +52,907 | $3M | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Ariadne Wealth Management, LP | −112,252 | $6M | TRIM |
| Global Retirement Partners, LLC | −50,089 | $3M | CLOSE |
| Ballast Rock Private Wealth LLC | −34,595 | $2M | CLOSE |
| Elequin Capital, LP | −29,065 | $1M | CLOSE |
| U S GLOBAL INVESTORS INC | −22,000 | $1M | 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).
| 2024-Q2 | 15 | 377,761 | — | $19M |
| 2024-Q1 | 10 | 220,320 | — | $11M |
| 2023-Q4 | 6 | 360,591 | — | $18M |
| 2023-Q3 | 2 | 326,264 | — | $16M |
