% of shares outstanding is not shown for FEBT: 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 FEBT 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 | Gradient Investments LLC | 1,362,6931.4M | $51M | — | — |
| 2 | OSAIC HOLDINGS, INC. | 201,008201,008 | $8M | — | TRIM -43% |
| 3 | Modern Wealth Management, LLC | 180,453180,453 | $7M | — | TRIM -5% |
| 4 | COMMONWEALTH EQUITY SERVICES, LLC | 115,345115,345 | $4M | — | ADD 10% |
| 5 | LPL Financial LLC | 91,94191,941 | $3M | — | ADD 63% |
| 6 | RAYMOND JAMES FINANCIAL INC | 39,85239,852 | $1M | — | ADD 49% |
| 7 | Cetera Investment Advisers | 31,26931,269 | $1M | — | ADD 6% |
| 8 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 28,92028,920 | $1M | — | NEW |
| 9 | Snowden Capital Advisors LLC | 26,58826,588 | $995,883 | — | ADD 53% |
| 10 | ENVESTNET ASSET MANAGEMENT INC | 23,24123,241 | $870,517 | — | — |
| 11 | Brown Financial Advisors | 16,05016,050 | $601,170 | — | TRIM -3% |
| 12 | HARBOUR INVESTMENTS, INC. | 14,57214,572 | $545,810 | — | ADD 163% |
| 13 | A4 Wealth Advisors LLC | 13,82013,820 | $517,643 | — | TRIM -6% |
| 14 | Kestra Advisory Services, LLC | 11,23011,230 | $420,632 | — | ADD 90% |
| 15 | Sanctuary Advisors, LLC | 11,04511,045 | $413,703 | — | ADD 60% |
| 16 | Paladin Wealth, LLC | 10,51610,516 | $393,888 | — | TRIM -16% |
| 17 | CWM, LLC | 9,4009,400 | $352,087 | — | — |
| 18 | Mattson Financial Services, LLC | 9,2439,243 | $346,207 | — | TRIM -3% |
| 19 | Cambridge Investment Research Advisors, Inc. | 8,6258,625 | $323,000 | — | ADD 28% |
| 20 | Strategic Blueprint, LLC | 7,3687,368 | $275,977 | — | — |
| 21 | Focus Financial Network, Inc. | 6,8306,830 | $255,825 | — | — |
| 22 | INDEPENDENT FINANCIAL GROUP, LLC | 6,5266,526 | $244,439 | — | — |
| 23 | Nvest Financial, LLC | 6,5056,505 | $243,652 | — | NEW |
| 24 | BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 6,4456,445 | $241,405 | — | ADD 53% |
| 25 | Orion Porfolio Solutions, LLC | 6,4326,432 | $240,918 | — | ADD 6% |
| 26 | Accurate Wealth Management, LLC | 5,6065,606 | $216,504 | — | NEW |
| 27 | Allianz SE | 5,0005,000 | $187,281 | — | — |
| 28 | AdvisorNet Financial, Inc | 1,6001,600 | $59,939 | — | — |
| 29 | AE Wealth Management LLC | 1,0321,032 | $38,654 | — | TRIM -25% |
| 30 | JPMORGAN CHASE & CO | 208208 | $7,636 | — | TRIM -97% |
| 31 | UBS Group AG | 187187 | $7,004 | — | ADD 4% |
| 32 | CREATIVE FINANCIAL DESIGNS INC /ADV | 168168 | $6,293 | — | NEW |
| 33 | IFP Advisors, Inc | 150150 | $5,618 | — | ADD 900% |
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 |
|---|---|---|---|---|---|---|---|
| Gradient Investments LLC | — | — | 1.3M | 1.3M | 1.4M | 1.4M | $51M |
| OSAIC HOLDINGS, INC. | 262K | 558K | 499K | 471K | 354K | 201K | $8M |
| Modern Wealth Management, LLC | — | — | 284K | 275K | 190K | 180K | $7M |
| COMMONWEALTH EQUITY SERVICES, LLC | 46K | 76K | 112K | 106K | 105K | 115K | $4M |
| LPL Financial LLC | 23K | 23K | 26K | 62K | 56K | 92K | $3M |
| RAYMOND JAMES FINANCIAL INC | 6K | 25K | 28K | 26K | 27K | 40K | $1M |
| Cetera Investment Advisers | 20K | 26K | 28K | 31K | 30K | 31K | $1M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 26K | 20K | 11K | — | — | 29K | $1M |
| Snowden Capital Advisors LLC | — | — | — | — | 17K | 27K | $995,883 |
| ENVESTNET ASSET MANAGEMENT INC | 16K | 18K | 25K | 25K | 23K | 23K | $870,517 |
| Brown Financial Advisors | — | — | 15K | 18K | 17K | 16K | $601,170 |
| HARBOUR INVESTMENTS, INC. | 7K | 13K | 12K | 7K | 6K | 15K | $545,810 |
| A4 Wealth Advisors LLC | — | — | — | 15K | 15K | 14K | $517,643 |
| Kestra Advisory Services, LLC | 8K | 6K | 10K | 9K | 6K | 11K | $420,632 |
| Sanctuary Advisors, LLC | — | 7K | 7K | 14K | 7K | 11K | $413,703 |
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 | 33 | 2,259,868 | — | $85M |
| 2025-Q4 | 33 | 2,613,290 | — | $100M |
| 2025-Q3 | 31 | 2,537,679 | — | $94M |
| 2025-Q2 | 34 | 2,850,881 | — | $100M |
| 2025-Q1 | 25 | 1,261,909 | — | $41M |
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 | |
|---|---|---|---|
| LPL Financial LLC | +35,579 | $1M | ADD |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | +28,920 | $1M | OPEN |
| RAYMOND JAMES FINANCIAL INC | +13,043 | $488,540 | ADD |
| COMMONWEALTH EQUITY SERVICES, LLC | +10,744 | $402,428 | ADD |
| Gradient Investments LLC | +9,899 | $370,778 | — |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Safe Harbor Wealth Advisors, LLC | −288,961 | $11M | CLOSE |
| OSAIC HOLDINGS, INC. | −153,362 | $6M | TRIM |
| OLD MISSION CAPITAL LLC | −27,907 | $1M | CLOSE |
| Modern Wealth Management, LLC | −9,900 | $370,815 | TRIM |
| JPMORGAN CHASE & CO | −7,837 | $293,543 | 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).
| 2024-Q4 |
| 23 |
| 556,880 |
| — |
| $19M |
| 2024-Q3 | 19 | 515,946 | — | $17M |
| 2024-Q2 | 20 | 1,263,696 | — | $40M |
| 2024-Q1 | 25 | 2,337,314 | — | $72M |
| 2023-Q4 | 12 | 937,469 | — | $27M |
| 2023-Q3 | 12 | 813,565 | — | $21M |
| 2023-Q2 | 13 | 1,039,539 | — | $28M |
| 2023-Q1 | 12 | 1,282,775 | — | $32M |
