% of shares outstanding is not shown for FBT: 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 FBT 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 |
|---|---|---|---|---|---|---|---|
| FIRST TRUST ADVISORS LP | 7K | 8K | 8K | 8K | 7K | 3.5M | $706M |
| MORGAN STANLEY | 425K | 361K | 345K | 339K | 401K | 534K | $107M |
| WELLS FARGO & COMPANY/MN | 190K | 196K | 189K | 184K | 189K | 426K | $86M |
| LPL Financial LLC | 187K | 184K | 194K | 201K | 261K | 296K | $59M |
| UBS Group AG | 194K | 201K | 160K | 160K | 187K | 205K | $41M |
| RAYMOND JAMES FINANCIAL INC | 167K | 157K | 144K | 138K | 146K | 203K | $41M |
| BANK OF AMERICA CORP /DE/ | 219K | 193K | 193K | 189K | 190K | 201K | $40M |
| ROYAL BANK OF CANADA | 154K | 159K | 307K | 153K | 155K | 200K | $40M |
| ENVESTNET ASSET MANAGEMENT INC | 114K | 116K | 120K | 121K | 115K | 127K | $26M |
| Berger Financial Group, Inc | 154K | 111K | 113K | 115K | 115K | 104K | $21M |
| Nilsine Partners, LLC | — | — | — | — | 5K | 95K | $19M |
| &PARTNERS | 3K | 3K | 7K | 7K | 6K | 78K | $16M |
| 360 Financial, Inc. | — | — | — | — | 72K | 78K | $16M |
| Advisory Services Network, LLC | — | — | — | 694 | — | 75K | $15M |
| WCG Wealth Advisors LLC | — | — | — | — | — | 74K | $15M |
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 | |
|---|---|---|---|
| FIRST TRUST ADVISORS LP | +3,508,029 | $704M | ADD |
| WELLS FARGO & COMPANY/MN | +237,629 | $48M | ADD |
| MORGAN STANLEY | +132,999 | $27M | ADD |
| Nilsine Partners, LLC | +89,843 | $18M | ADD |
| Advisory Services Network, LLC | +75,428 | $15M | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Stonebridge Financial Group, LLC | −71,346 | $14M | CLOSE |
| Corient Private Wealth LLC | −27,372 | $5M | CLOSE |
| Mirae Asset Global Investments Co., Ltd. | −14,000 | $3M | CLOSE |
| Berger Financial Group, Inc | −10,548 | $2M | TRIM |
| B. Riley Wealth Advisors, Inc. | −9,197 | $2M | 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 | 303 | 8,166,261 | — | $1.6B |
| 2025-Q4 | 278 | 3,468,890 | — | $712M |
| 2025-Q3 | 253 | 3,057,639 | — | $549M |
| 2025-Q2 | 250 | 3,318,460 | — | $536M |
| 2025-Q1 | 269 | 3,430,386 | — | $579M |
| 2024-Q4 | 255 | 3,447,191 | — | $570M |
| 2024-Q3 | 256 | 3,600,235 | — | $580M |
| 2024-Q2 | 250 | 3,540,999 | — | $538M |
| 2024-Q1 | 240 | 4,560,599 | — | $701M |
| 2023-Q4 | 256 | 4,922,089 | — | $749M |
| 2023-Q3 | 241 | 4,618,326 | — | $645M |
| 2023-Q2 | 249 | 4,620,558 | — | $708M |
| 2023-Q1 | 244 | 4,701,316 | — | $729M |
| 2022-Q4 | 241 | 4,911,230 | — | $752M |
| 2022-Q3 | 217 | 4,938,932 | — | $625M |
| 2022-Q2 | 223 | 4,333,428 | — | $588M |
| 2022-Q1 | 219 | 4,466,083 | — | $667M |
| 2021-Q4 | 246 | 4,989,173 | — | $807M |
| 2021-Q3 | 235 | 5,178,404 | — | $860M |
| 2021-Q2 | 232 | 5,226,937 | — | $901M |
| 2021-Q1 | 236 | 5,746,433 | — | $923M |
| 2020-Q4 | 236 | 5,844,382 | — | $980M |
| 2020-Q3 | 213 | 6,094,880 | — | $959M |
| 2020-Q2 | 223 | 6,256,754 | — | $1.0B |
| 2020-Q1 | 199 | 5,258,202 | — | $681M |
| 2019-Q4 | 210 | 5,510,710 | — | $817M |
| 2019-Q3 | 188 | 5,993,799 | — | $743M |
| 2019-Q2 | 222 | 12,645,567 | — | $1.8B |
| 2019-Q1 | 227 | 12,360,965 | — | $1.9B |
| 2018-Q4 | 194 | 11,659,475 | — | $1.5B |
| 2018-Q3 | 189 | 14,180,975 | — | $2.2B |
| 2018-Q2 | 157 | 6,216,510 | — | $726M |
| 2018-Q1 | 154 | 4,683,144 | — | $622M |
| 2017-Q4 | 129 | 3,984,737 | — | $496M |
| 2017-Q3 | 116 | 3,605,480 | — | $447M |
| 2017-Q2 | 112 | 3,492,082 | — | $398M |
| 2017-Q1 | 113 | 3,877,921 | — | $407M |
| 2016-Q4 | 110 | 3,923,447 | — | $355M |
| 2016-Q3 | 111 | 2,941,813 | — | $292M |
| 2016-Q2 | 107 | 3,076,270 | — | $275M |
| 2016-Q1 | 107 | 3,388,938 | — | $297M |
| 2015-Q4 | 129 | 21,791,493 | — | $2.5B |
| 2015-Q3 | 127 | 20,094,667 | — | $2.0B |
| 2015-Q2 | 126 | 18,594,208 | — | $2.3B |
| 2015-Q1 | 123 | 16,208,168 | — | $2.0B |
| 2014-Q4 | 113 | 12,459,642 | — | $1.3B |
| 2014-Q3 | 98 | 9,728,240 | — | $950M |
| 2014-Q2 | 93 | 8,804,378 | — | $794M |
| 2014-Q1 | 84 | 8,369,821 | — | $651M |
| 2013-Q4 | 79 | 7,674,637 | — | $541M |
| 2013-Q3 | 64 | 6,729,087 | — | $445M |
| 2013-Q2 | 62 | 4,922,672 | — | $290M |
| 2013-Q1 | 2 | 4,771 | — | $260,000 |
