% of shares outstanding is not shown for FCLD: 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 FCLD 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 | Advisory Services Network, LLC | 123,902123,902 | $3M | — | TRIM -3% |
| 2 | SFI Advisors, LLC | 88,51988,519 | $2M | — | TRIM -48% |
| 3 | CITADEL ADVISORS LLC | 56,37956,379 | $2M | — | TRIM -38% |
| 4 | Cambridge Investment Research Advisors, Inc. | 45,69145,691 | $1M | — | ADD 192% |
| 5 | High Point Wealth Management, LLC | 44,56744,567 | $1M | — | TRIM -14% |
| 6 | COMMONWEALTH EQUITY SERVICES, LLC | 41,37741,377 | $1M | — | TRIM -9% |
| 7 | Rooted Wealth Advisors, Inc. | 34,65534,655 | $1M | — | TRIM -7% |
| 8 | OSAIC HOLDINGS, INC. | 29,71529,715 | $806,154 | — | TRIM -14% |
| 9 | Kestra Advisory Services, LLC | 21,67921,679 | $588,161 | — | — |
| 10 | STIFEL FINANCIAL CORP | 19,25019,250 | $522,254 | — | NEW |
| 11 | JANE STREET GROUP, LLC | 17,39017,390 | $471,791 | — | — |
| 12 | GWN SECURITIES INC. | 14,79814,798 | $401,470 | — | TRIM -13% |
| 13 | LPL Financial LLC | 10,23010,230 | $277,540 | — | ADD 8% |
| 14 | FMR LLC | 6,5306,530 | $177,155 | — | TRIM -12% |
| 15 | MORGAN STANLEY | 5,1695,169 | $140,243 | — | ADD 4035% |
| 16 | TD Waterhouse Canada Inc. | 2,5002,500 | $68,875 | — | — |
| 17 | BlackRock, Inc. | 1,3901,390 | $37,711 | — | TRIM -25% |
| 18 | Sunbelt Securities, Inc. | 357357 | $9,685 | — | NEW |
| 19 | Allworth Financial LP | 1818 | $489 | — | — |
| 20 | PNC FINANCIAL SERVICES GROUP, INC. | 55 | $136 | — | NEW |
| 21 | Lloyd Advisory Services, LLC. | 11 | $23 | — | NEW |
| 22 | Kingdom Financial Group LLC. | 11 | $23 | — | — |
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 |
|---|---|---|---|---|---|---|---|
| Advisory Services Network, LLC | 136K | 134K | 128K | 131K | 128K | 124K | $3M |
| SFI Advisors, LLC | 190K | 188K | 179K | 177K | 172K | 89K | $2M |
| CITADEL ADVISORS LLC | 8K | 74K | 194K | — | 91K | 56K | $2M |
| Cambridge Investment Research Advisors, Inc. | — | — | — | — | 16K | 46K | $1M |
| High Point Wealth Management, LLC | — | — | — | — | 52K | 45K | $1M |
| COMMONWEALTH EQUITY SERVICES, LLC | 48K | 42K | 48K | 48K | 45K | 41K | $1M |
| Rooted Wealth Advisors, Inc. | — | — | 18K | 31K | 37K | 35K | $1M |
| OSAIC HOLDINGS, INC. | 40K | 35K | 40K | 36K | 34K | 30K | $806,154 |
| Kestra Advisory Services, LLC | 19K | 21K | 21K | 20K | 22K | 22K | $588,161 |
| STIFEL FINANCIAL CORP | — | — | — | — | — | 19K | $522,254 |
| JANE STREET GROUP, LLC | 16K | 33K | 38K | 23K | 18K | 17K | $471,791 |
| GWN SECURITIES INC. | — | 15K | 18K | 18K | 17K | 15K | $401,470 |
| LPL Financial LLC | — | — | — | — | 9K | 10K | $277,540 |
| FMR LLC | 4K | 2K | 4K | 7K | 7K | 7K | $177,155 |
| MORGAN STANLEY | 330 | 259 | 125 | 125 | 125 | 5K | $140,243 |
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 | 22 | 564,123 |
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 | |
|---|---|---|---|
| Cambridge Investment Research Advisors, Inc. | +30,061 | $815,555 | ADD |
| STIFEL FINANCIAL CORP | +19,250 | $522,253 | OPEN |
| MORGAN STANLEY | +5,044 | $136,844 | ADD |
| LPL Financial LLC | +750 | $20,348 | ADD |
| Sunbelt Securities, Inc. | +357 | $9,685 | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| SFI Advisors, LLC | −83,308 | $2M | TRIM |
| CITADEL ADVISORS LLC | −34,904 | $946,946 | TRIM |
| WCG Wealth Advisors LLC | −12,204 | $331,095 | CLOSE |
| Arrowroot Family Office, LLC | −9,625 | $261,126 | CLOSE |
| High Point Wealth Management, LLC | −7,542 | $204,614 | 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).
| — |
| $15M |
| 2025-Q4 | 21 | 675,656 | — | $20M |
| 2025-Q3 | 14 | 517,124 | — | $15M |
| 2025-Q2 | 20 | 758,656 | — | $22M |
| 2025-Q1 | 17 | 616,775 | — | $15M |
| 2024-Q4 | 16 | 540,513 | — | $15M |
| 2024-Q3 | 16 | 603,175 | — | $15M |
| 2024-Q2 | 19 | 586,725 | — | $14M |
| 2024-Q1 | 16 | 487,197 | — | $12M |
| 2023-Q4 | 13 | 486,831 | — | $11M |
| 2023-Q3 | 11 | 363,048 | — | $7M |
| 2023-Q2 | 8 | 438,874 | — | $9M |
| 2023-Q1 | 7 | 159,905 | — | $3M |
| 2022-Q4 | 9 | 150,308 | — | $2M |
| 2022-Q3 | 5 | 67,797 | — | $980,000 |
| 2022-Q2 | 3 | 14,079 | — | $225,000 |
| 2022-Q1 | 7 | 202,732 | — | $4M |
| 2021-Q4 | 8 | 188,838 | — | $5M |
