% of shares outstanding is not shown for CVRD: 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 CVRD 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 | Madison Asset Management, LLC | 1,805,0001.8M | $32M | — | TRIM -4% |
| 2 | GTS SECURITIES LLC | 55,95155,951 | $1M | — | NEW |
| 3 | OLD MISSION CAPITAL LLC | 20,60720,607 | $368,916 | — | ADD 43% |
| 4 | ROYAL BANK OF CANADA | 1,2481,248 | $22,000 | — | TRIM -80% |
| 5 | UBS Group AG | 206206 | $3,688 | — | — |
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 |
|---|---|---|---|---|---|---|---|
| Madison Asset Management, LLC | 3.0M | 2.7M | 2.3M | 2.2M | 1.9M | 1.8M | $32M |
| GTS SECURITIES LLC | — | — | — | — | — | 56K | $1M |
| OLD MISSION CAPITAL LLC | 14K | 13K | 12K | 59K | 14K | 21K | $368,916 |
| ROYAL BANK OF CANADA | — | — | — | 29K | 6K | 1K | $22,000 |
| UBS Group AG | 361 | — | — | — | 207 | 206 | $3,688 |
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 | 5 | 1,883,012 | — | $34M |
| 2025-Q4 | 5 | 1,923,502 | — | $35M |
| 2025-Q3 | 3 | 2,293,297 | — | $43M |
| 2025-Q2 | 2 | 2,310,684 | — | $43M |
| 2025-Q1 | 3 | 2,681,015 | — | $47M |
| 2024-Q4 | 4 | 5,988,481 | — | $112M |
| 2024-Q3 | 4 | 3,760,645 | — | $73M |
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 | |
|---|---|---|---|
| GTS SECURITIES LLC | +55,951 | $1M | OPEN |
| OLD MISSION CAPITAL LLC | +6,219 | $111,339 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Madison Asset Management, LLC | −80,000 | $1M | TRIM |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | −17,540 | $314,019 | CLOSE |
| ROYAL BANK OF CANADA | −5,119 | $91,645 | TRIM |
| UBS Group AG | −1 | $18 | — |
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 | 2 | 3,772,283 | — | $71M |
| 2024-Q1 | 3 | 3,890,931 | — | $78M |
| 2023-Q4 | 2 | 3,997,984 | — | $83M |
| 2023-Q3 | 2 | 3,999,415 | — | $79M |
