% of shares outstanding is not shown for FDNI: 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 FDNI 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 | NewEdge Advisors, LLC | 64,78664,786 | $17M | — | TRIM -78% |
| 2 | RAYMOND JAMES FINANCIAL INC | 146,229146,229 | $4M | — | ADD 9% |
| 3 | Warner Group LLC | 129,958129,958 | $4M | — | ADD 14% |
| 4 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 84,86284,862 | $2M | — | ADD 601% |
| 5 | Smart Portfolios, LLC | 53,93753,937 | $1M | — | ADD 6% |
| 6 | OSAIC HOLDINGS, INC. | 51,88951,889 | $1M | — | TRIM -12% |
| 7 | OLD MISSION CAPITAL LLC | 38,98138,981 | $1M | — | TRIM -54% |
| 8 | CITADEL ADVISORS LLC | 36,05436,054 | $981,570 | — | ADD 119% |
| 9 | LPL Financial LLC | 35,07035,070 | $954,780 | — | TRIM -62% |
| 10 | MILLENNIUM MANAGEMENT LLC | 25,87525,875 | $704,447 | — | TRIM -21% |
| 11 | Mariner, LLC | 12,89512,895 | $351,066 | — | ADD 56% |
| 12 | GTS SECURITIES LLC | 11,92111,921 | $324,549 | — | TRIM -33% |
| 13 | Financial Engines Advisors L.L.C. | 11,29311,293 | $307,452 | — | — |
| 14 | ROYAL BANK OF CANADA | 8,4658,465 | $230,000 | — | TRIM -6% |
| 15 | Advisory Services Network, LLC | 6,2586,258 | $170,387 | — | TRIM -22% |
| 16 | MORGAN STANLEY | 6,2226,222 | $169,394 | — | ADD 622100% |
| 17 | TWIN PEAKS WEALTH ADVISORS, LLC | 5,3505,350 | $145,642 | — | NEW |
| 18 | ASSETMARK, INC | 3,8723,872 | $105,415 | — | TRIM -74% |
| 19 | WELLS FARGO & COMPANY/MN | 1,6811,681 | $45,778 | — | — |
| 20 | GILL CAPITAL PARTNERS, LLC | 644644 | $17,533 | — | NEW |
| 21 | Sankala Group LLC | 657657 | $17,499 | — | TRIM -25% |
| 22 | HARBOUR INVESTMENTS, INC. | 239239 | $6,507 | — | — |
| 23 | Farther Finance Advisors, LLC | 2222 | $598 | — | — |
| 24 | Transamerica Financial Advisors, LLC | 77 | $208 | — | TRIM -93% |
| 25 | JPMORGAN CHASE & CO | 00 | $15 | — | EXIT |
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 |
|---|---|---|---|---|---|---|---|
| NewEdge Advisors, LLC | 248K | 252K | 261K | 263K | 290K | 65K | $17M |
| RAYMOND JAMES FINANCIAL INC | 203K | 178K | 125K | 131K | 134K | 146K | $4M |
| Warner Group LLC | — | — | — | 101K | 114K | 130K | $4M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 28K | 10K | 80K | 77K | 12K | 85K | $2M |
| Smart Portfolios, LLC | 67K | 65K | 63K | 62K | 51K | 54K | $1M |
| OSAIC HOLDINGS, INC. | 56K | 56K | 61K | 72K | 59K | 52K | $1M |
| OLD MISSION CAPITAL LLC | 61K | 70K | 36K | 7K | 85K | 39K | $1M |
| CITADEL ADVISORS LLC | — | — | — | — | 16K | 36K | $981,570 |
| LPL Financial LLC | 95K | 139K | 100K | 99K | 92K | 35K | $954,780 |
| MILLENNIUM MANAGEMENT LLC | — | — | — | — | 33K | 26K | $704,447 |
| Mariner, LLC | 9K | 8K | 9K | 8K | 8K | 13K | $351,066 |
| GTS SECURITIES LLC | 101K | — | — | — | 18K | 12K | $324,549 |
| Financial Engines Advisors L.L.C. | 12K | 12K | 11K | 11K | 11K | 11K | $307,452 |
| ROYAL BANK OF CANADA | 10K | 10K | 18K | 9K | 9K | 8K | $230,000 |
| Advisory Services Network, LLC | — | — | 8K | 8K | 8K | 6K | $170,387 |
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 | |
|---|---|---|---|
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | +72,759 | $2M | ADD |
| CITADEL ADVISORS LLC | +19,608 | $533,926 | ADD |
| Warner Group LLC | +16,111 | $438,703 | ADD |
| RAYMOND JAMES FINANCIAL INC | +12,615 | $343,506 | ADD |
| MORGAN STANLEY | +6,221 | $169,398 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| NewEdge Advisors, LLC | −225,174 | $6M | TRIM |
| JANE STREET GROUP, LLC | −82,281 | $2M | CLOSE |
| FLOW TRADERS U.S. LLC | −79,640 | $2M | CLOSE |
| LPL Financial LLC | −57,220 | $2M | TRIM |
| OLD MISSION CAPITAL LLC | −46,134 | $1M | 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 | 25 | 737,167 | — | $35M |
| 2025-Q4 | 30 | 1,138,774 | — | $39M |
| 2025-Q3 | 28 | 928,782 | — | $36M |
| 2025-Q2 | 28 | 856,344 | — | $29M |
| 2025-Q1 | 26 | 914,571 | — | $28M |
| 2024-Q4 | 21 | 922,363 | — | $25M |
| 2024-Q3 | 22 | 875,313 | — | $25M |
| 2024-Q2 | 19 | 832,758 | — | $19M |
| 2024-Q1 | 22 | 770,216 | — | $18M |
| 2023-Q4 | 23 | 803,228 | — | $18M |
| 2023-Q3 | 21 | 821,642 | — | $17M |
| 2023-Q2 | 22 | 854,584 | — | $22M |
| 2023-Q1 | 22 | 746,382 | — | $20M |
| 2022-Q4 | 22 | 671,627 | — | $15M |
| 2022-Q3 | 19 | 776,615 | — | $15M |
| 2022-Q2 | 24 | 610,333 | — | $14M |
| 2022-Q1 | 21 | 582,364 | — | $15M |
| 2021-Q4 | 35 | 833,447 | — | $30M |
| 2021-Q3 | 38 | 1,347,351 | — | $54M |
| 2021-Q2 | 33 | 1,300,778 | — | $62M |
| 2021-Q1 | 37 | 1,300,056 | — | $63M |
| 2020-Q4 | 30 | 852,043 | — | $39M |
| 2020-Q3 | 18 | 424,636 | — | $22M |
| 2020-Q2 | 7 | 196,207 | — | $7M |
| 2020-Q1 | 6 | 92,615 | — | $2M |
| 2019-Q4 | 6 | 192,041 | — | $5M |
| 2019-Q3 | 7 | 131,292 | — | $3M |
| 2019-Q2 | 4 | 70,999 | — | $2M |
| 2019-Q1 | 4 | 51,853 | — | $1M |
| 2018-Q4 | 2 | 46,689 | — | $857,000 |
