% of shares outstanding is not shown for CMBS: 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 CMBS 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 |
|---|---|---|---|---|---|---|---|
| UBS Group AG | 438K | 441K | 378K | 438K | 542K | 1.7M | $81M |
| SYON CAPITAL LLC | — | — | — | 582K | 634K | 528K | $26M |
| AE Wealth Management LLC | 351K | 374K | 398K | 432K | 491K | 524K | $26M |
| LPL Financial LLC | 74K | 204K | 259K | 300K | 418K | 521K | $25M |
| ARVEST INVESTMENTS, INC. | 437K | 445K | 442K | 439K | 438K | 465K | $23M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | — | — | — | — | 67K | 308K | $15M |
| HANCOCK WHITNEY CORP | — | 219K | 253K | 257K | 269K | 288K | $14M |
| Prepared Retirement Institute LLC | — | 60K | 156K | 244K | 241K | 257K | $13M |
| MORGAN STANLEY | 347K | 298K | 279K | 283K | 307K | 247K | $12M |
| CENTRAL BANK & TRUST CO | 208K | 194K | 183K | 186K | 187K | 193K | $9M |
| WELLS FARGO & COMPANY/MN | 185K | 205K | 248K | 256K | 183K | 188K | $9M |
| PRUDENTIAL PLC | — | — | — | — | 194K | 180K | $9M |
| OSAIC HOLDINGS, INC. | 97K | 138K | 139K | 154K | 173K | 173K | $8M |
| BANK OF AMERICA CORP /DE/ | 251K | 306K | 298K | 304K | 294K | 161K | $8M |
| Cetera Investment Advisers | 12K | 17K | 24K | 69K | 133K | 153K | $7M |
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.
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 | |
|---|---|---|---|
| UBS Group AG | +1,115,141 | $54M | ADD |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | +240,568 | $12M | ADD |
| LPL Financial LLC | +102,848 | $5M | ADD |
| CITADEL ADVISORS LLC | +79,859 | $4M | OPEN |
| GOLDMAN SACHS GROUP INC | +62,185 | $3M | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| BANK OF AMERICA CORP /DE/ | −132,974 | $6M | TRIM |
| SYON CAPITAL LLC | −106,191 | $5M | TRIM |
| U.S. Capital Wealth Advisors, LLC | −79,107 | $4M | CLOSE |
| TIAA TRUST, NATIONAL ASSOCIATION | −65,713 | $3M | TRIM |
| Krilogy Financial LLC | −60,540 | $3M | 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).
| Quarter | Holders | Shares held | % shares out | Value held |
|---|---|---|---|---|
| 2026-Q1 | 92 | 7,406,298 | — | $361M |
| 2025-Q4 | 94 | 6,138,936 | — | $301M |
| 2025-Q3 | 96 | 6,336,179 | — | $311M |
| 2025-Q2 | 92 | 5,238,974 | — | $255M |
| 2025-Q1 | 88 | 5,268,520 | — | $252M |
| 2024-Q4 | 95 | 4,996,476 | — | $236M |
| 2024-Q3 | 83 | 5,865,359 | — | $287M |
| 2024-Q2 | 82 | 5,271,842 | — | $247M |
| 2024-Q1 | 83 | 6,026,422 | — | $284M |
| 2023-Q4 | 77 | 5,109,981 | — | $239M |
| 2023-Q3 | 80 | 5,314,172 | — | $245M |
| 2023-Q2 | 83 | 5,263,019 | — | $241M |
| 2023-Q1 | 80 | 6,468,211 | — | $299M |
| 2022-Q4 | 76 | 7,339,106 | — | $315M |
| 2022-Q3 | 85 | 8,931,541 | — | $410M |
| 2022-Q2 | 92 | 9,644,298 | — | $464M |
| 2022-Q1 | 98 | 8,867,670 | — | $442M |
| 2021-Q4 | 109 | 10,367,037 | — | $550M |
| 2021-Q3 | 107 | 9,519,555 | — | $495M |
| 2021-Q2 | 98 | 8,236,800 | — | $448M |
| 2021-Q1 | 90 | 6,795,246 | — | $366M |
| 2020-Q4 | 65 | 5,007,877 | — | $277M |
| 2020-Q3 | 58 | 5,636,285 | — | $313M |
| 2020-Q2 | 65 | 4,910,181 | — | $271M |
| 2020-Q1 | 64 | 4,330,401 | — | $232M |
| 2019-Q4 | 58 | 3,785,959 | — | $200M |
| 2019-Q3 | 54 | 3,480,995 | — | $186M |
| 2019-Q2 | 55 | 3,693,763 | — | $195M |
| 2019-Q1 | 49 | 3,266,035 | — | $169M |
| 2018-Q4 | 43 | 3,304,807 | — | $166M |
| 2018-Q3 | 49 | 3,266,440 | — | $163M |
| 2018-Q2 | 48 | 3,142,909 | — | $157M |
| 2018-Q1 | 46 | 2,933,705 | — | $148M |
| 2017-Q4 | 44 | 2,881,364 | — | $148M |
| 2017-Q3 | 40 | 2,663,291 | — | $137M |
| 2017-Q2 | 40 | 2,561,128 | — | $132M |
| 2017-Q1 | 39 | 3,068,407 | — | $157M |
| 2016-Q4 | 43 | 3,117,520 | — | $159M |
| 2016-Q3 | 55 | 4,780,423 | — | $254M |
| 2016-Q2 | 55 | 4,539,630 | — | $241M |
| 2016-Q1 | 53 | 3,315,409 | — | $172M |
| 2015-Q4 | 45 | 2,107,042 | — | $107M |
| 2015-Q3 | 42 | 2,657,390 | — | $138M |
| 2015-Q2 | 38 | 2,445,926 | — | $126M |
| 2015-Q1 | 35 | 1,511,786 | — | $79M |
| 2014-Q4 | 38 | 1,460,398 | — | $75M |
| 2014-Q3 | 33 | 1,463,078 | — | $75M |
| 2014-Q2 | 28 | 933,872 | — | $48M |
| 2014-Q1 | 30 | 1,047,562 | — | $54M |
| 2013-Q4 | 33 | 1,139,799 | — | $58M |
| 2013-Q3 | 26 | 1,155,363 | — | $60M |
| 2013-Q2 | 25 | 902,550 | — | $46M |
