% of shares outstanding is not shown for EMBX: 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 EMBX 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 |
|---|---|---|---|---|---|---|---|
| MIDLAND WEALTH ADVISORS, LLC | — | — | — | — | — | 1.0M | $52M |
| Beaumont Financial Advisors, LLC | — | — | — | — | 268K | 286K | $14M |
| RAYMOND JAMES FINANCIAL INC | — | — | — | — | 57K | 208K | $10M |
| VAN ECK ASSOCIATES CORP | — | — | — | — | — | 200K | $10M |
| LPL Financial LLC | — | — | — | — | 224K | 192K | $10M |
| Dakota Wealth Management | — | — | — | — | 171K | 175K | $9M |
| AVALON CAPITAL MANAGEMENT | — | — | — | — | 190K | 164K | $8M |
| CONDOR CAPITAL MANAGEMENT | — | — | — | — | 120K | 124K | $6M |
| WESPAC Advisors SoCal, LLC | — | — | — | — | — | 120K | $6M |
| Perennial Investment Advisors, LLC | — | — | — | — | 109K | 109K | $5M |
| Krilogy Financial LLC | — | — | — | — | — | 90K | $5M |
| KRAEMATON INVESTMENT ADVISORS, INC | — | — | — | — | 73K | 78K | $4M |
| OSAIC HOLDINGS, INC. | — | — | — | — | — | 74K | $4M |
| Integrated Wealth Concepts LLC | — | — | — | — | — | 74K | $4M |
| NorthCrest Asset Manangement, LLC | — | — | — | — | — | 67K | $3M |
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 | 45 | 3,411,618 | — | $168M |
| 2025-Q4 | 25 | 1,482,278 | — | $75M |
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 | |
|---|---|---|---|
| MIDLAND WEALTH ADVISORS, LLC | +1,036,760 | $52M | OPEN |
| VAN ECK ASSOCIATES CORP | +200,000 | $10M | OPEN |
| RAYMOND JAMES FINANCIAL INC | +150,768 | $8M | ADD |
| WESPAC Advisors SoCal, LLC | +120,059 | $6M | OPEN |
| Krilogy Financial LLC | +89,905 | $5M | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| LPL Financial LLC | −31,302 | $2M | TRIM |
| AVALON CAPITAL MANAGEMENT | −26,756 | $1M | TRIM |
| GOLDMAN SACHS GROUP INC | −23,188 | $1M | TRIM |
| Janney Montgomery Scott LLC | −7,875 | $394,603 | TRIM |
| Opal Wealth Advisors, LLC | −723 | $36,228 | 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).
