% of shares outstanding is not shown for FHEQ: 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 FHEQ 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 |
|---|---|---|---|---|---|---|---|
| FMR LLC | 16.4M | 13.2M | 13.3M | 13.2M | 16.5M | 16.8M | $493M |
| KEYBANK NATIONAL ASSOCIATION/OH | — | — | — | — | 1.1M | 1.7M | $51M |
| STIFEL FINANCIAL CORP | — | — | — | 368K | 351K | 503K | $15M |
| ENVESTNET ASSET MANAGEMENT INC | 45K | 19K | — | 698K | 399K | 469K | $14M |
| COMMONWEALTH EQUITY SERVICES, LLC | 48K | 106K | 128K | 207K | 366K | 465K | $14M |
| Cetera Investment Advisers | — | — | — | 7K | 60K | 424K | $12M |
| MML INVESTORS SERVICES, LLC | 45K | 19K | — | 9K | 392K | 413K | $12M |
| GREAT VALLEY ADVISOR GROUP, INC. | — | — | — | — | 356K | 371K | $11M |
| TRUIST FINANCIAL CORP | — | — | — | 271K | 273K | 242K | $7M |
| Sunbelt Securities, Inc. | 16K | 16K | 16K | 130K | 130K | 186K | $5M |
| MORGAN STANLEY | — | — | — | — | 490 | 175K | $5M |
| Kestra Advisory Services, LLC | — | — | 96K | 117K | 164K | 166K | $5M |
| HighTower Advisors, LLC | — | — | — | — | 140K | 162K | $5M |
| Taylor Securities Services, Inc. | — | — | — | — | 126K | 156K | $5M |
| Aptus Capital Advisors, LLC | — | — | — | — | 152K | 152K | $4M |
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 | 54 | 23,711,375 | — | $698M |
| 2025-Q4 | 46 | 21,665,406 | — | $670M |
| 2025-Q3 | 28 | 15,623,175 | — | $479M |
| 2025-Q2 | 20 | 13,972,851 | — | $403M |
| 2025-Q1 | 14 | 15,110,295 | — | $416M |
| 2024-Q4 | 13 | 16,724,008 | — | $459M |
| 2024-Q3 | 8 | 17,309,321 | — | $468M |
| 2024-Q2 | 4 | 17,735,244 | — | $459M |
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 | |
|---|---|---|---|
| KEYBANK NATIONAL ASSOCIATION/OH | +609,071 | $18M | ADD |
| Cetera Investment Advisers | +364,292 | $11M | ADD |
| FMR LLC | +289,323 | $9M | — |
| MORGAN STANLEY | +174,081 | $5M | ADD |
| STIFEL FINANCIAL CORP | +151,962 | $4M | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Thrivent Financial for Lutherans | −100,900 | $3M | CLOSE |
| TRUIST FINANCIAL CORP | −31,093 | $914,756 | TRIM |
| NewEdge Advisors, LLC | −23,788 | $699,843 | CLOSE |
| JANE STREET GROUP, LLC | −20,455 | $601,786 | CLOSE |
| OLD MISSION CAPITAL LLC | −19,267 | $566,835 | 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).
