% of shares outstanding is not shown for DEMZ: 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 DEMZ 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 | Envestnet Portfolio Solutions, Inc. | 104,508104,508 | $4M | — | ADD 4% |
| 2 | Creative Planning | 56,80256,802 | $2M | — | — |
| 3 | CITADEL ADVISORS LLC | 14,13514,135 | $568,255 | — | TRIM -25% |
| 4 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 13,47813,478 | $541,843 | — | NEW |
| 5 | MCF Advisors LLC | 10,76510,765 | $432,763 | — | — |
| 6 | Accordant Advisory Group Inc | 10,40010,400 | $418,101 | — | — |
| 7 | Laird Norton Wetherby Trust Company, LLC | 7,9907,990 | $321,214 | — | — |
| 8 | HARBOUR INVESTMENTS, INC. | 5,6365,636 | $226,578 | — | NEW |
| 9 | TWO SIGMA INVESTMENTS, LP | 5,6005,600 | $225,131 | — | TRIM -38% |
| 10 | AdvisorNet Financial, Inc | 4,0054,005 | $161,009 | — | ADD 5% |
| 11 | STEPH & CO | 3,6723,672 | $147,622 | — | TRIM -5% |
| 12 | Bank of New Hampshire | 3,6253,625 | $145,732 | — | — |
| 13 | OSAIC HOLDINGS, INC. | 2,8602,860 | $114,971 | — | TRIM -88% |
| 14 | FMR LLC | 1,4011,401 | $56,334 | — | ADD 6% |
| 15 | Financially Speaking Inc | 1,0581,058 | $42,534 | — | TRIM -17% |
| 16 | ROYAL BANK OF CANADA | 551551 | $22,000 | — | — |
| 17 | Johnson Financial Group, Inc. | 437437 | $17,569 | — | — |
| 18 | Farther Finance Advisors, LLC | 399399 | $16,199 | — | ADD 17% |
| 19 | MORGAN STANLEY | 362362 | $14,570 | — | TRIM -42% |
| 20 | US BANCORP \DE\ | 361361 | $14,513 | — | TRIM -46% |
| 21 | Godfrey Financial Associates, Inc. | 178178 | $7,156 | — | — |
| 22 | Allworth Financial LP | 176176 | $7,082 | — | — |
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 |
|---|---|---|---|---|---|---|---|
| Envestnet Portfolio Solutions, Inc. | 65K | 65K | 58K | 61K | 100K | 105K | $4M |
| Creative Planning | — | 56K | 56K | 57K | 57K | 57K | $2M |
| CITADEL ADVISORS LLC | — | 6K | — | — | 19K | 14K | $568,255 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | — | — | — | — | — | 13K | $541,843 |
| MCF Advisors LLC | 11K | 11K | 11K | 11K | 11K | 11K | $432,763 |
| Accordant Advisory Group Inc | 10K | 10K | 10K | 10K | 10K | 10K | $418,101 |
| Laird Norton Wetherby Trust Company, LLC | — | — | — | — | 8K | 8K | $321,214 |
| HARBOUR INVESTMENTS, INC. | — | — | — | — | — | 6K | $226,578 |
| TWO SIGMA INVESTMENTS, LP | — | — | — | — | 9K | 6K | $225,131 |
| AdvisorNet Financial, Inc | 1K | 2K | 4K | 4K | 4K | 4K | $161,009 |
| STEPH & CO | 4K | 4K | 4K | 4K | 4K | 4K | $147,622 |
| Bank of New Hampshire | — | — | — | — | 4K | 4K | $145,732 |
| OSAIC HOLDINGS, INC. | 32K | 33K | 108K | 35K | 23K | 3K | $114,971 |
| FMR LLC | — | — | — | — | 1K | 1K | $56,334 |
| Financially Speaking Inc | 1K | — | 1K | 1K | 1K | 1K | $42,534 |
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.
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 | |
|---|---|---|---|
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | +13,478 | $541,843 | OPEN |
| HARBOUR INVESTMENTS, INC. | +5,636 | $226,578 | OPEN |
| Envestnet Portfolio Solutions, Inc. | +4,399 | $176,849 | ADD |
| AdvisorNet Financial, Inc | +207 | $8,322 | ADD |
| MCF Advisors LLC | +102 | $4,101 | — |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| OSAIC HOLDINGS, INC. | −20,027 | $805,125 | TRIM |
| First Heartland Consultants, Inc. | −4,800 | $192,970 | CLOSE |
| CITADEL ADVISORS LLC | −4,794 | $192,728 | TRIM |
| TWO SIGMA INVESTMENTS, LP | −3,400 | $136,687 | TRIM |
| First Pacific Financial | −695 | $27,940 | 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 | 22 | 248,399 | — | $10M |
| 2025-Q4 | 23 | 259,840 | — | $11M |
| 2025-Q3 | 17 | 195,331 | — | $8M |
| 2025-Q2 | 17 | 270,299 | — | $11M |
| 2025-Q1 | 16 | 193,897 | — | $7M |
| 2024-Q4 | 19 | 197,909 | — | $7M |
| 2024-Q3 | 14 | 177,463 | — | $6M |
| 2024-Q2 | 14 | 204,151 | — | $7M |
| 2024-Q1 | 12 | 261,821 | — | $9M |
| 2023-Q4 | 14 | 245,400 | — | $7M |
| 2023-Q3 | 9 | 16,343 | — | $431,115 |
| 2023-Q2 | 7 | 14,446 | — | $391,687 |
| 2023-Q1 | 10 | 27,153 | — | $700,432 |
| 2022-Q4 | 6 | 16,121 | — | $384,022 |
| 2022-Q3 | 6 | 47,400 | — | $1M |
| 2022-Q2 | 6 | 6,284 | — | $145,095 |
| 2022-Q1 | 9 | 21,923 | — | $594,645 |
| 2021-Q4 | 6 | 19,593 | — | $583,000 |
| 2021-Q3 | 3 | 4,264 | — | $119,000 |
| 2021-Q2 | 3 | 4,264 | — | $117,000 |
| 2021-Q1 | 3 | 2,053 | — | $51,000 |
| 2020-Q4 | 1 | 1,691 | — | $39,000 |
