% of shares outstanding is not shown for FPE: 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 FPE 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 |
|---|---|---|---|---|---|---|---|
| MORGAN STANLEY | 50.6M | 52.3M | 51.4M | 52.1M | 53.3M | 52.8M | $936M |
| ROYAL BANK OF CANADA | 16.8M | 17.3M | 43.9M | 25.2M | 23.5M | 19.6M | $347M |
| LPL Financial LLC | 13.0M | 14.4M | 13.8M | 14.2M | 16.8M | 17.8M | $317M |
| WELLS FARGO & COMPANY/MN | 13.7M | 15.0M | 14.6M | 15.3M | 15.9M | 17.0M | $302M |
| RAYMOND JAMES FINANCIAL INC | 8.6M | 8.9M | 8.7M | 8.9M | 9.5M | 10.2M | $181M |
| UBS Group AG | 9.5M | 9.9M | 10.2M | 9.9M | 9.6M | 9.4M | $166M |
| BANK OF AMERICA CORP /DE/ | 7.1M | 7.1M | 7.2M | 7.6M | 8.2M | 8.7M | $154M |
| AMERIPRISE FINANCIAL INC | 2.4M | 3.5M | 3.5M | 4.5M | 4.7M | 5.0M | $89M |
| HighTower Advisors, LLC | 2.9M | 2.7M | 2.9M | 3.3M | 3.3M | 3.5M | $61M |
| Cetera Investment Advisers | — | 1.4M | 1.6M | 2.4M | 2.6M | 3.0M | $53M |
| ENVESTNET ASSET MANAGEMENT INC | 2.2M | 2.1M | 2.1M | 2.0M | 2.1M | 2.5M | $45M |
| Kestra Advisory Services, LLC | 2.5M | 2.6M | 2.5M | 2.2M | 2.3M | 2.4M | $43M |
| STIFEL FINANCIAL CORP | 2.1M | 2.1M | 2.2M | 2.2M | 2.3M | 2.4M | $42M |
| OSAIC HOLDINGS, INC. | 1.9M | 2.3M | 2.1M | 2.1M | 2.1M | 2.2M | $40M |
| Advisory Alpha, LLC | 658K | 2.0M | 2.1M | 2.2M | 2.2M | 2.1M | $38M |
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 | |
|---|---|---|---|
| Gallagher Fiduciary Advisors, LLC | +3,708,098 | $66M | ADD |
| JANE STREET GROUP, LLC | +1,789,032 | $32M | OPEN |
| WELLS FARGO & COMPANY/MN | +1,089,843 | $19M | ADD |
| LPL Financial LLC | +1,016,910 | $18M | ADD |
| RAYMOND JAMES FINANCIAL INC | +675,579 | $12M | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| ROYAL BANK OF CANADA | −3,976,246 | $71M | TRIM |
| STONEBRIDGE ADVISORS LLC | −2,368,824 | $42M | CLOSE |
| Arax Advisory Partners | −1,268,362 | $23M | TRIM |
| Wealthspire Retirement, LLC | −656,384 | $12M | CLOSE |
| KINGSWOOD WEALTH ADVISORS, LLC | −510,911 | $9M | 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 | 460 | 239,688,040 | — | $4.2B |
| 2025-Q4 | 465 | 235,701,921 | — | $4.3B |
| 2025-Q3 | 432 | 232,381,188 | — | $4.2B |
| 2025-Q2 | 445 | 253,745,944 | — | $4.4B |
| 2025-Q1 | 443 | 217,746,142 | — | $3.8B |
| 2024-Q4 | 444 | 210,240,807 | — | $3.7B |
| 2024-Q3 | 412 | 196,090,334 | — | $3.6B |
| 2024-Q2 | 404 | 187,272,892 | — | $3.2B |
| 2024-Q1 | 402 | 282,971,178 | — | $4.9B |
| 2023-Q4 | 402 | 247,379,278 | — | $4.1B |
| 2023-Q3 | 386 | 193,280,475 | — | $3.1B |
| 2023-Q2 | 396 | 198,162,934 | — | $3.2B |
| 2023-Q1 | 396 | 195,610,857 | — | $3.1B |
| 2022-Q4 | 423 | 207,165,563 | — | $3.5B |
| 2022-Q3 | 401 | 221,358,630 | — | $3.7B |
| 2022-Q2 | 405 | 215,027,703 | — | $3.7B |
| 2022-Q1 | 420 | 239,402,973 | — | $4.5B |
| 2021-Q4 | 407 | 238,338,412 | — | $4.8B |
| 2021-Q3 | 362 | 217,536,075 | — | $4.5B |
| 2021-Q2 | 355 | 200,367,679 | — | $4.1B |
| 2021-Q1 | 331 | 176,088,714 | — | $3.6B |
| 2020-Q4 | 331 | 164,914,685 | — | $3.3B |
| 2020-Q3 | 287 | 147,678,403 | — | $2.8B |
| 2020-Q2 | 302 | 140,313,288 | — | $2.6B |
| 2020-Q1 | 299 | 132,041,430 | — | $2.2B |
| 2019-Q4 | 303 | 123,333,352 | — | $2.5B |
| 2019-Q3 | 261 | 108,405,998 | — | $2.1B |
| 2019-Q2 | 244 | 94,355,916 | — | $1.8B |
| 2019-Q1 | 234 | 79,984,853 | — | $1.5B |
| 2018-Q4 | 233 | 75,400,355 | — | $1.4B |
| 2018-Q3 | 205 | 83,175,327 | — | $1.6B |
| 2018-Q2 | 188 | 80,606,111 | — | $1.5B |
| 2018-Q1 | 208 | 83,233,218 | — | $1.6B |
| 2017-Q4 | 180 | 74,927,680 | — | $1.5B |
| 2017-Q3 | 136 | 63,995,386 | — | $1.3B |
| 2017-Q2 | 129 | 56,710,613 | — | $1.1B |
| 2017-Q1 | 108 | 61,446,397 | — | $1.2B |
| 2016-Q4 | 99 | 54,040,677 | — | $1.0B |
| 2016-Q3 | 90 | 33,168,691 | — | $648M |
| 2016-Q2 | 75 | 25,192,182 | — | $480M |
| 2016-Q1 | 75 | 23,691,729 | — | $442M |
| 2015-Q4 | 60 | 17,568,178 | — | $333M |
| 2015-Q3 | 53 | 10,937,887 | — | $205M |
| 2015-Q2 | 42 | 7,719,576 | — | $146M |
| 2015-Q1 | 32 | 4,650,678 | — | $89M |
| 2014-Q4 | 33 | 2,553,434 | — | $48M |
| 2014-Q3 | 27 | 2,031,854 | — | $38M |
| 2014-Q2 | 22 | 1,475,806 | — | $28M |
| 2014-Q1 | 21 | 1,320,661 | — | $25M |
| 2013-Q4 | 18 | 1,132,609 | — | $20M |
| 2013-Q3 | 20 | 1,468,115 | — | $26M |
| 2013-Q2 | 14 | 1,672,789 | — | $33M |
