% of shares outstanding is not shown for CUT: 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 CUT 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 |
|---|---|---|---|---|---|---|---|
| BANK OF AMERICA CORP /DE/ | 158K | 147K | 139K | 137K | 136K | 130K | $4M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 49K | 52K | 60K | 61K | 73K | 62K | $2M |
| MORGAN STANLEY | 77K | 73K | 68K | 62K | 43K | 42K | $1M |
| ALBION FINANCIAL GROUP /UT | 52K | 52K | 52K | 52K | 52K | 29K | $825,043 |
| FLOW TRADERS U.S. LLC | — | 31K | 40K | 22K | 47K | 22K | $637,000 |
| CITADEL ADVISORS LLC | 30K | 24K | 65K | 31K | 125K | 20K | $571,871 |
| JANE STREET GROUP, LLC | 44K | 11K | 14K | 26K | 16K | 20K | $569,035 |
| CARDIFF PARK ADVISORS, LLC | — | — | — | 18K | — | 18K | $522,549 |
| LPL Financial LLC | 15K | 15K | 14K | 13K | 12K | 13K | $358,802 |
| Valmark Advisers, Inc. | 215K | 228K | 234K | 237K | 12K | 12K | $357,638 |
| Kestra Advisory Services, LLC | 10K | 9K | 9K | 8K | 8K | 8K | $237,035 |
| Smithfield Trust Co | 4K | 4K | 4K | 4K | 4K | 4K | $115,000 |
| ROYAL BANK OF CANADA | — | 25 | — | — | 2K | 2K | $59,000 |
| UBS Group AG | 5K | 4K | 5K | 2K | 2K | 2K | $51,058 |
| OSAIC HOLDINGS, INC. | 7K | 10K | 7K | 3K | 911 | 879 | $25,192 |
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 | |
|---|---|---|---|
| CARDIFF PARK ADVISORS, LLC | +18,238 | $522,561 | OPEN |
| JANE STREET GROUP, LLC | +4,093 | $117,274 | ADD |
| LPL Financial LLC | +598 | $17,134 | ADD |
| Kestra Advisory Services, LLC | +555 | $15,902 | ADD |
| MATHER GROUP, LLC. | +281 | $8,051 | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| CITADEL ADVISORS LLC | −105,199 | $3M | TRIM |
| FLOW TRADERS U.S. LLC | −24,475 | $701,265 | TRIM |
| ALBION FINANCIAL GROUP /UT | −23,205 | $664,877 | TRIM |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | −10,363 | $296,924 | TRIM |
| JOURNEY STRATEGIC WEALTH LLC | −7,545 | $216,182 | 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).
| Quarter | Holders | Shares held | % shares out | Value held |
|---|---|---|---|---|
| 2026-Q1 | 29 | 389,157 | — | $11M |
| 2025-Q4 | 28 | 544,833 | — | $16M |
| 2025-Q3 | 31 | 693,076 | — | $20M |
| 2025-Q2 | 30 | 735,419 | — | $22M |
| 2025-Q1 | 34 | 709,538 | — | $22M |
| 2024-Q4 | 35 | 731,356 | — | $23M |
| 2024-Q3 | 34 | 619,625 | — | $22M |
| 2024-Q2 | 30 | 653,839 | — | $21M |
| 2024-Q1 | 36 | 995,131 | — | $34M |
| 2023-Q4 | 41 | 781,882 | — | $25M |
| 2023-Q3 | 40 | 752,197 | — | $23M |
| 2023-Q2 | 39 | 806,364 | — | $24M |
| 2023-Q1 | 40 | 989,843 | — | $30M |
| 2022-Q4 | 43 | 796,036 | — | $24M |
| 2022-Q3 | 44 | 1,003,199 | — | $28M |
| 2022-Q2 | 42 | 1,029,315 | — | $32M |
| 2022-Q1 | 42 | 1,054,471 | — | $37M |
| 2021-Q4 | 51 | 1,173,745 | — | $44M |
| 2021-Q3 | 50 | 1,287,704 | — | $47M |
| 2021-Q2 | 53 | 1,441,416 | — | $54M |
| 2021-Q1 | 45 | 1,212,239 | — | $44M |
| 2020-Q4 | 39 | 1,221,601 | — | $41M |
| 2020-Q3 | 32 | 1,112,450 | — | $31M |
| 2020-Q2 | 33 | 1,489,285 | — | $37M |
| 2020-Q1 | 39 | 1,809,620 | — | $38M |
| 2019-Q4 | 46 | 2,853,251 | — | $82M |
| 2019-Q3 | 39 | 2,752,262 | — | $72M |
| 2019-Q2 | 46 | 3,754,393 | — | $101M |
| 2019-Q1 | 49 | 3,726,044 | — | $102M |
| 2018-Q4 | 48 | 3,664,985 | — | $88M |
| 2018-Q3 | 51 | 3,752,472 | — | $120M |
| 2018-Q2 | 48 | 3,773,795 | — | $122M |
| 2016-Q1 | 1 | 380 | — | $11,000 |
