% of shares outstanding is not shown for EMDM: 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 EMDM 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 | NAPLES GLOBAL ADVISORS, LLC | 58,27658,276 | $2M | — | ADD 3% |
| 2 | JANE STREET GROUP, LLC | 53,71053,710 | $2M | — | NEW |
| 3 | OLD MISSION CAPITAL LLC | 41,01941,019 | $1M | — | ADD 356% |
| 4 | GeoWealth Management, LLC | 28,21628,216 | $989,287 | — | ADD 3% |
| 5 | Cambridge Investment Research Advisors, Inc. | 25,85525,855 | $907,000 | — | NEW |
| 6 | OSAIC HOLDINGS, INC. | 21,04821,048 | $737,886 | — | ADD 113% |
| 7 | Treasure Coast Financial Planning | 21,47221,472 | $727,310 | — | NEW |
| 8 | ENVESTNET ASSET MANAGEMENT INC | 16,19916,199 | $567,956 | — | NEW |
| 9 | OneDigital Investment Advisors LLC | 14,05914,059 | $492,925 | — | TRIM -5% |
| 10 | MML INVESTORS SERVICES, LLC | 12,67512,675 | $444,401 | — | NEW |
| 11 | DAVENPORT & Co LLC | 5,9495,949 | $208,574 | — | NEW |
| 12 | CREATIVE FINANCIAL DESIGNS INC /ADV | 384384 | $13,464 | — | — |
| 13 | ASSETMARK, INC | 328328 | $11,500 | — | — |
| 14 | UBS Group AG | 122122 | $4,277 | — | NEW |
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 |
|---|---|---|---|---|---|---|---|
| NAPLES GLOBAL ADVISORS, LLC | 46K | 47K | 49K | 55K | 57K | 58K | $2M |
| JANE STREET GROUP, LLC | — | — | — | — | — | 54K | $2M |
| OLD MISSION CAPITAL LLC | 49K | 74K | 84K | 77K | 9K | 41K | $1M |
| GeoWealth Management, LLC | — | — | — | — | 28K | 28K | $989,287 |
| Cambridge Investment Research Advisors, Inc. | — | — | — | — | — | 26K | $907,000 |
| OSAIC HOLDINGS, INC. | 30K | 19K | 19K | 13K | 10K | 21K | $737,886 |
| Treasure Coast Financial Planning | — | — | — | — | — | 21K | $727,310 |
| ENVESTNET ASSET MANAGEMENT INC | — | — | — | — | — | 16K | $567,956 |
| OneDigital Investment Advisors LLC | — | — | — | — | 15K | 14K | $492,925 |
| MML INVESTORS SERVICES, LLC | — | — | — | — | — | 13K | $444,401 |
| DAVENPORT & Co LLC | — | — | — | — | — | 6K | $208,574 |
| CREATIVE FINANCIAL DESIGNS INC /ADV | 17K | 727 | 384 | 384 | 384 | 384 | $13,464 |
| ASSETMARK, INC | — | — | — | 180 | 328 | 328 | $11,500 |
| UBS Group AG | 115 | 144 | 301 | 123 | — | 122 | $4,277 |
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 | 14 | 299,312 | — | $10M |
| 2025-Q4 | 9 | 126,178 | — | $4M |
| 2025-Q3 | 6 | 144,951 | — | $4M |
| 2025-Q2 | 5 | 152,385 | — | $4M |
| 2025-Q1 | 5 | 140,432 | — | $3M |
| 2024-Q4 |
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 | |
|---|---|---|---|
| JANE STREET GROUP, LLC | +53,710 | $2M | OPEN |
| OLD MISSION CAPITAL LLC | +32,016 | $1M | ADD |
| Cambridge Investment Research Advisors, Inc. | +25,855 | $906,502 | OPEN |
| Treasure Coast Financial Planning | +21,472 | $752,830 | OPEN |
| ENVESTNET ASSET MANAGEMENT INC | +16,199 | $567,953 | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| CITADEL ADVISORS LLC | −6,831 | $239,502 | CLOSE |
| OneDigital Investment Advisors LLC | −791 | $27,733 | TRIM |
| MORGAN STANLEY | −776 | $27,207 | 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).
| 5 |
| 140,870 |
| — |
| $3M |
| 2024-Q3 | 5 | 144,496 | — | $3M |
| 2024-Q2 | 7 | 166,061 | — | $4M |
| 2024-Q1 | 4 | 179,663 | — | $4M |
| 2023-Q4 | 3 | 164,977 | — | $4M |
| 2023-Q3 | 3 | 145,600 | — | $3M |
| 2023-Q2 | 2 | 49,691 | — | $1M |
| 2023-Q1 | 2 | 49,804 | — | $1M |
