% of shares outstanding is not shown for ECH: 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 ECH 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 | Varma Mutual Pension Insurance Co | 1,294,4771.3M | $51M | — | NEW |
| 2 | BlackRock, Inc. | 621,134621,134 | $25M | — | ADD 633% |
| 3 | State of Tennessee, Department of Treasury | 582,431582,431 | $23M | — | TRIM -17% |
| 4 | MORGAN STANLEY | 437,772437,772 | $17M | — | ADD 27% |
| 5 | Whitcomb & Hess, Inc. | 288,842288,842 | $11M | — | — |
| 6 | UBS Group AG | 258,121258,121 | $10M | — | ADD 158% |
| 7 | DRW Securities, LLC | 229,255229,255 | $9M | — | ADD 622% |
| 8 | Krilogy Financial LLC | 198,913198,913 | $9M | — | NEW |
| 9 | CITADEL ADVISORS LLC | 195,728195,728 | $8M | — | ADD 37% |
| 10 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 185,700185,700 | $7M | — | ADD 34% |
| 11 | Kapitalo Investimentos Ltda | 159,131159,131 | $6M | — | NEW |
| 12 | Qube Research & Technologies Ltd | 150,682150,682 | $6M | — | NEW |
| 13 | Glenorchy Capital Ltd | 149,744149,744 | $6M | — | NEW |
| 14 | D. E. Shaw & Co., Inc. | 134,912134,912 | $5M | — | NEW |
| 15 | Banco BTG Pactual S.A. | 133,993133,993 | $5M | — | NEW |
| 16 | Korea Investment CORP | 113,261113,261 | $5M | — | — |
| 17 | Mivtachim The Workers Social Insurance Fund Ltd. (Under Special Management) | 112,000112,000 | $4M | — | NEW |
| 18 | Schonfeld Strategic Advisors LLC | 111,940111,940 | $4M | — | NEW |
| 19 | SELDON CAPITAL LP | 110,121110,121 | $4M | — | TRIM -67% |
| 20 | BANQUE PICTET & CIE SA | 100,000100,000 | $4M | — | TRIM -20% |
| 21 | Itau Unibanco Holding S.A. | 93,65993,659 | $4M | — | NEW |
| 22 | Federation des caisses Desjardins du Quebec | 93,52793,527 | $4M | — | NEW |
| 23 | Massar Capital Management, LP | 91,69891,698 | $4M | — | ADD 22% |
| 24 | MetLife Inc | 86,45786,457 | $3M | — | ADD 4% |
| 25 | Cullen Capital Management, LLC | 83,41283,412 | $3M | — | NEW |
| 26 | SG Americas Securities, LLC | 82,44782,447 | $3M | — | NEW |
| 27 | GOLDMAN SACHS GROUP INC | 75,44075,440 | $3M | — | NEW |
| 28 | JPMORGAN CHASE & CO | 75,12975,129 | $3M | — | TRIM -82% |
| 29 | SONA ASSET MANAGEMENT (US) LLC | 70,50070,500 | $3M | — | NEW |
| 30 | DEUTSCHE BANK AG\ | 69,21369,213 | $3M | — | NEW |
| 31 | MONECO ADVISORS, LLC | 68,51868,518 | $3M | — | — |
| 32 | CITIGROUP INC | 68,29768,297 | $3M | — | ADD 6589% |
| 33 | Marotta Asset Management | 66,48866,488 | $3M | — | — |
| 34 | Lansing Street Advisors | 65,59365,593 | $3M | — | ADD 17% |
| 35 | NATIXIS | 60,13460,134 | $2M | — | ADD 24% |
| 36 | BlueCrest Capital Management Ltd | 60,00060,000 | $2M | — | TRIM -14% |
| 37 | Quadrature Capital Ltd | 56,22956,229 | $2M | — | TRIM -46% |
| 38 | Banco Santander, S.A. | 55,25855,258 | $2M | — | ADD 135% |
| 39 | STIFEL FINANCIAL CORP | 50,46550,465 | $2M | — | TRIM -37% |
| 40 | DUMAC, INC. | 49,00049,000 | $2M | — | NEW |
| 41 | Private Wealth Advisors, LLC | 46,44046,440 | $2M | — | NEW |
| 42 | Cavalier Investments, LLC | 45,96045,960 | $2M | — | NEW |
| 43 | ROYAL BANK OF CANADA | 45,22345,223 | $2M | — | TRIM -19% |
| 44 | Financiere des Professionnels - Fonds d'investissement inc. | 45,00045,000 | $2M | — | — |
| 45 | OSAIC HOLDINGS, INC. | 38,04438,044 | $2M | — | ADD 9% |
| 46 | INNEALTA CAPITAL, LLC | 37,01137,011 | $1M | — | ADD 160% |
| 47 | Cobblestone Asset Management LLC | 34,70834,708 | $1M | — | TRIM -3% |
| 48 | BANK OF MONTREAL /CAN/ | 32,58232,582 | $1M | — | NEW |
| 49 | LPL Financial LLC | 32,19532,195 | $1M | — | ADD 22% |
| 50 | INSIGNEO ADVISORY SERVICES, LLC | 30,05830,058 | $1M | — | — |
| 51 | Bricktown Capital, LLC | 30,00030,000 | $1M | — | NEW |
| 52 | Peregrine Asset Advisers, Inc. | 28,43628,436 | $1M | — | — |
| 53 | RENAISSANCE TECHNOLOGIES LLC | 26,40026,400 | $1M | — | TRIM -68% |
| 54 | Trek Financial, LLC | 25,90725,907 | $1M | — | NEW |
| 55 | Mount Lucas Management LP | 24,27424,274 | $965,134 | — | TRIM -4% |
| 56 | WELLS FARGO & COMPANY/MN | 21,43921,439 | $852,430 | — | ADD 38% |
| 57 | Prospera Financial Services Inc | 21,13321,133 | $840,199 | — | — |
| 58 | Fore Capital, LLC | 20,00020,000 | $795,200 | — | NEW |
| 59 | Maven Securities LTD | 19,50019,500 | $775,320 | — | — |
| 60 | Sigma Planning Corp | 19,48619,486 | $774,765 | — | ADD 9% |
| 61 | Pekin Hardy Strauss, Inc. | 18,72118,721 | $744,347 | — | TRIM -19% |
| 62 | RAYMOND JAMES FINANCIAL INC | 18,56718,567 | $738,198 | — | TRIM -75% |
| 63 | CIBC WORLD MARKET INC. | 18,21818,218 | $724,348 | — | NEW |
| 64 | Y-Intercept (Hong Kong) Ltd | 16,38016,380 | $651,269 | — | NEW |
| 65 | Man Group plc | 14,36614,366 | $571,192 | — | TRIM -92% |
| 66 | Global Endowment Management, LP | 14,00014,000 | $557,000 | — | — |
| 67 | Wealthfront Advisers LLC | 12,87412,874 | $511,870 | — | ADD 34% |
| 68 | ES4, LLC | 12,76612,766 | $507,559 | — | ADD 107% |
| 69 | Florin Court Capital LLP | 12,37512,375 | $492,030 | — | TRIM -89% |
| 70 | Marex Group plc | 11,75511,755 | $467,379 | — | ADD 57% |
| 71 | BANCO BILBAO VIZCAYA ARGENTARIA, S.A. | 11,73911,739 | $466,743 | — | TRIM -11% |
| 72 | Csenge Advisory Group | 11,45711,457 | $455,530 | — | NEW |
| 73 | BANK OF AMERICA CORP /DE/ | 11,40511,405 | $453,463 | — | TRIM -46% |
| 74 | BNP PARIBAS FINANCIAL MARKETS | 10,62710,627 | $422,530 | — | ADD 96509% |
| 75 | SIMPLEX TRADING, LLC | 10,50210,502 | $417,559 | — | ADD 94% |
| 76 | CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | 10,22110,221 | $405,569 | — | TRIM -51% |
| 77 | INTREPID FAMILY OFFICE LLC | 10,00010,000 | $397,600 | — | NEW |
| 78 | Prime Capital Investment Advisors, LLC | 9,1959,195 | $365,593 | — | NEW |
| 79 | AMERIPRISE FINANCIAL INC | 8,5138,513 | $338,463 | — | ADD 3% |
| 80 | Janney Montgomery Scott LLC | 8,2978,297 | $330,000 | — | NEW |
| 81 | HighTower Advisors, LLC | 7,7017,701 | $306,197 | — | ADD 7% |
| 82 | Sumitomo Mitsui Trust Group, Inc. | 7,5707,570 | $300,983 | — | ADD 15% |
| 83 | COWA, LLC | 6,9486,948 | $276,252 | — | TRIM -2% |
| 84 | IMC-Chicago, LLC | 6,8466,846 | $272,197 | — | NEW |
| 85 | ENVESTNET ASSET MANAGEMENT INC | 6,3136,313 | $251,020 | — | — |
| 86 | GROUP ONE TRADING LLC | 6,1066,106 | $242,775 | — | TRIM -78% |
| 87 | Creative Planning | 5,9075,907 | $234,872 | — | ADD 4% |
| 88 | PRELUDE CAPITAL MANAGEMENT, LLC | 5,8005,800 | $230,608 | — | TRIM -93% |
| 89 | Steward Partners Investment Advisory, LLC | 5,1045,104 | $202,935 | — | ADD 4808% |
| 90 | Empowered Funds, LLC | 5,0525,052 | $200,868 | — | NEW |
| 91 | USA FINANCIAL FORMULAS | 4,4284,428 | $176,057 | — | NEW |
| 92 | AlphaCentric Advisors LLC | 3,8323,832 | $152,360 | — | — |
| 93 | CENTAURUS FINANCIAL, INC. | 3,4293,429 | $136,000 | — | — |
| 94 | Ashton Thomas Private Wealth, LLC | 2,9452,945 | $117,093 | — | NEW |
| 95 | Westend Capital Management, LLC | 2,8642,864 | $113,873 | — | — |
| 96 | HHM Wealth Advisors, LLC | 2,5002,500 | $99,400 | — | NEW |
| 97 | Purpose Unlimited Inc. | 2,3942,394 | $92,936 | — | NEW |
| 98 | FMR LLC | 2,1892,189 | $87,030 | — | ADD 39% |
| 99 | Capital Investment Advisory Services, LLC | 1,9181,918 | $76,260 | — | — |
| 100 | Brentview Investment Management LLC | 1,5001,500 | $59,640 | — | — |
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 |
|---|---|---|---|---|---|---|---|
| Varma Mutual Pension Insurance Co | — | — | — | — | — | 1.3M | $51M |
| BlackRock, Inc. | 40K | 40K | 106K | 43K | 85K | 621K | $25M |
| State of Tennessee, Department of Treasury | 690K | 662K | 676K | 701K | 705K | 582K | $23M |
| MORGAN STANLEY | 561K | 277K | 223K | 254K | 346K | 438K | $17M |
| Whitcomb & Hess, Inc. | 289K | 291K | 290K | 293K | 290K | 289K | $11M |
| UBS Group AG | 141K | 111K | 103K | 306K | 100K | 258K | $10M |
| DRW Securities, LLC | — | — | — | — | 32K | 229K | $9M |
| Krilogy Financial LLC | — | 145K | — | — | — | 199K | $9M |
| CITADEL ADVISORS LLC | 7K | 40K | 117K | — | 143K | 196K | $8M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 90K | 45K | 120K | — | 138K | 186K | $7M |
| Kapitalo Investimentos Ltda | — | — | — | — | — | 159K | $6M |
| Qube Research & Technologies Ltd | — | — | 72K | 22K | — | 151K | $6M |
| Glenorchy Capital Ltd | — | — | — | — | — | 150K | $6M |
| D. E. Shaw & Co., Inc. | 12K | 85K | 190K | 162K | — | 135K | $5M |
| Banco BTG Pactual S.A. | 75K | 40K | 16K | 20K | — | 134K | $5M |
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 | |
|---|---|---|---|
| Varma Mutual Pension Insurance Co | +1,294,477 | $51M | OPEN |
| BlackRock, Inc. | +536,354 | $21M | ADD |
| Krilogy Financial LLC | +198,913 | $8M | OPEN |
| DRW Securities, LLC | +197,505 | $8M | ADD |
| Kapitalo Investimentos Ltda | +159,131 | $6M | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| JPMORGAN CHASE & CO | −348,613 | $14M | TRIM |
| JANE STREET GROUP, LLC | −280,497 | $11M | CLOSE |
| FIL Ltd | −262,793 | $10M | CLOSE |
| SELDON CAPITAL LP | −228,056 | $9M | TRIM |
| Man Group plc | −169,592 | $7M | 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 | 121 | 7,971,814 | — | $317M |
| 2025-Q4 | 97 | 5,945,047 | — | $245M |
| 2025-Q3 | 74 | 7,857,131 | — | $259M |
| 2025-Q2 | 77 | 5,709,318 | — | $180M |
| 2025-Q1 | 72 | 5,374,468 | — | $160M |
| 2024-Q4 | 52 | 5,589,340 | — | $140M |
| 2024-Q3 | 56 | 6,349,806 | — | $173M |
| 2024-Q2 | 57 | 7,076,999 | — | $183M |
| 2024-Q1 | 53 | 6,810,847 | — | $181M |
| 2023-Q4 | 70 | 9,012,699 | — | $254M |
| 2023-Q3 | 69 | 6,080,541 | — | $159M |
| 2023-Q2 | 70 | 8,328,511 | — | $243M |
| 2023-Q1 | 71 | 6,648,855 | — | $191M |
| 2022-Q4 | 76 | 7,737,636 | — | $213M |
| 2022-Q3 | 69 | 8,108,946 | — | $195M |
| 2022-Q2 | 66 | 8,414,330 | — | $202M |
| 2022-Q1 | 72 | 9,323,914 | — | $271M |
| 2021-Q4 | 60 | 8,953,713 | — | $207M |
| 2021-Q3 | 56 | 7,275,116 | — | $189M |
| 2021-Q2 | 68 | 7,909,074 | — | $229M |
| 2021-Q1 | 74 | 5,254,944 | — | $180M |
| 2020-Q4 | 61 | 4,339,185 | — | $131M |
| 2020-Q3 | 59 | 5,777,452 | — | $139M |
| 2020-Q2 | 58 | 4,354,867 | — | $110M |
| 2020-Q1 | 59 | 6,192,990 | — | $135M |
| 2019-Q4 | 76 | 7,018,141 | — | $234M |
| 2019-Q3 | 62 | 3,611,065 | — | $135M |
| 2019-Q2 | 69 | 3,484,159 | — | $142M |
| 2019-Q1 | 86 | 3,756,714 | — | $162M |
| 2018-Q4 | 84 | 3,943,387 | — | $163M |
| 2018-Q3 | 85 | 4,290,263 | — | $194M |
| 2018-Q2 | 88 | 4,045,908 | — | $186M |
| 2018-Q1 | 102 | 4,664,950 | — | $247M |
| 2017-Q4 | 98 | 5,214,624 | — | $272M |
| 2017-Q3 | 88 | 4,222,088 | — | $205M |
| 2017-Q2 | 79 | 4,044,518 | — | $169M |
| 2017-Q1 | 90 | 4,888,001 | — | $213M |
| 2016-Q4 | 74 | 4,734,558 | — | $177M |
| 2016-Q3 | 66 | 2,933,428 | — | $108M |
| 2016-Q2 | 71 | 3,935,191 | — | $145M |
| 2016-Q1 | 59 | 3,601,054 | — | $133M |
| 2015-Q4 | 62 | 3,080,091 | — | $98M |
| 2015-Q3 | 61 | 4,485,237 | — | $148M |
| 2015-Q2 | 61 | 3,881,571 | — | $148M |
| 2015-Q1 | 50 | 2,462,284 | — | $123M |
| 2014-Q4 | 64 | 3,212,593 | — | $150M |
| 2014-Q3 | 65 | 3,721,199 | — | $182M |
| 2014-Q2 | 58 | 3,419,118 | — | $155M |
| 2014-Q1 | 68 | 3,179,378 | — | $145M |
| 2013-Q4 | 72 | 4,174,716 | — | $198M |
| 2013-Q3 | 78 | 3,523,047 | — | $177M |
| 2013-Q2 | 78 | 2,150,044 | — | $116M |
| 2013-Q1 | 8 | 337,069 | — | $22M |
