% of shares outstanding is not shown for FTMS: 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 FTMS 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 | WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 6,217,1366.2M | $62M | — | TRIM -25% |
| 2 | RAYMOND JAMES FINANCIAL INC | 660,025660,025 | $7M | — | ADD 45% |
| 3 | Cetera Investment Advisers | 643,952643,952 | $6M | — | ADD 9% |
| 4 | LPL Financial LLC | 581,294581,294 | $6M | — | ADD 36% |
| 5 | COMMONWEALTH EQUITY SERVICES, LLC | 557,685557,685 | $6M | — | TRIM -21% |
| 6 | IRON Financial LLC | 287,616287,616 | $3M | — | NEW |
| 7 | Vise Technologies, Inc. | 271,415271,415 | $3M | — | — |
| 8 | JONES FINANCIAL COMPANIES LLLP | 270,307270,307 | $3M | — | — |
| 9 | Investmark Advisory Group LLC | 197,630197,630 | $2M | — | — |
| 10 | Mariner, LLC | 133,456133,456 | $1M | — | TRIM -22% |
| 11 | Concurrent Investment Advisors, LLC | 101,341101,341 | $1M | — | — |
| 12 | Stonebridge Financial Group, LLC / MO | 93,08193,081 | $921,958 | — | — |
| 13 | Merit Financial Group, LLC | 75,64775,647 | $749,276 | — | — |
| 14 | OSAIC HOLDINGS, INC. | 75,32575,325 | $745,912 | — | TRIM -4% |
| 15 | Mutual Advisors, LLC | 65,63465,634 | $650,100 | — | ADD 14% |
| 16 | OLD MISSION CAPITAL LLC | 61,96361,963 | $613,737 | — | NEW |
| 17 | MML INVESTORS SERVICES, LLC | 61,46661,466 | $608,818 | — | TRIM -18% |
| 18 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 55,38655,386 | $548,593 | — | TRIM -42% |
| 19 | MERCER GLOBAL ADVISORS INC /ADV | 49,45849,458 | $489,877 | — | NEW |
| 20 | ROYAL BANK OF CANADA | 48,76948,769 | $483,000 | — | ADD 126% |
| 21 | Balboa Wealth Partners | 35,88535,885 | $355,437 | — | — |
| 22 | CREATIVE FINANCIAL DESIGNS INC /ADV | 35,15035,150 | $348,157 | — | NEW |
| 23 | JANE STREET GROUP, LLC | 31,94731,947 | $316,432 | — | NEW |
| 24 | BEAM WEALTH ADVISORS, INC. | 31,59231,592 | $312,917 | — | TRIM -4% |
| 25 | JPMORGAN CHASE & CO | 30,36630,366 | $300,623 | — | ADD 21% |
| 26 | Csenge Advisory Group | 30,00030,000 | $297,147 | — | NEW |
| 27 | GGM Financial LLC | 23,84423,844 | $236,169 | — | — |
| 28 | Sanctuary Advisors, LLC | 20,08020,080 | $198,890 | — | — |
| 29 | Fiduciary Trust Co | 15,75115,751 | $156,012 | — | TRIM -54% |
| 30 | Regal Investment Advisors LLC | 15,00015,000 | $148,574 | — | NEW |
| 31 | Savvy Advisors, Inc. | 10,78910,789 | $106,864 | — | — |
| 32 | SFMG, LLC | 10,58410,584 | $104,833 | — | — |
| 33 | EASTERN BANK | 3,9683,968 | $39,303 | — | NEW |
| 34 | CWM, LLC | 3,3623,362 | $33,300 | — | — |
| 35 | FMR LLC | 2,4382,438 | $24,148 | — | TRIM -5% |
| 36 | IFP Advisors, Inc | 1,1711,171 | $11,599 | — | — |
| 37 | Farther Finance Advisors, LLC | 968968 | $9,573 | — | — |
| 38 | AE Wealth Management LLC | 816816 | $8,082 | — | — |
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 |
|---|---|---|---|---|---|---|---|
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | — | — | — | — | 8.3M | 6.2M | $62M |
| RAYMOND JAMES FINANCIAL INC | — | — | — | — | 456K | 660K | $7M |
| Cetera Investment Advisers | — | — | — | — | 591K | 644K | $6M |
| LPL Financial LLC | — | — | — | — | 427K | 581K | $6M |
| COMMONWEALTH EQUITY SERVICES, LLC | — | — | — | — | 703K | 558K | $6M |
| IRON Financial LLC | — | — | — | — | — | 288K | $3M |
| Vise Technologies, Inc. | — | — | — | — | 271K | 271K | $3M |
| JONES FINANCIAL COMPANIES LLLP | — | — | — | — | 267K | 270K | $3M |
| Investmark Advisory Group LLC | — | — | — | — | 201K | 198K | $2M |
| Mariner, LLC | — | — | — | — | 170K | 133K | $1M |
| Concurrent Investment Advisors, LLC | — | — | — | — | 101K | 101K | $1M |
| Stonebridge Financial Group, LLC / MO | — | — | — | — | 93K | 93K | $921,958 |
| Merit Financial Group, LLC | — | — | — | — | 76K | 76K | $749,276 |
| OSAIC HOLDINGS, INC. | — | — | — | — | 78K | 75K | $745,912 |
| Mutual Advisors, LLC | — | — | — | — | 58K | 66K | $650,100 |
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 | 38 | 10,812,297 | — | $107M |
| 2025-Q4 | 35 | 13,016,197 | — | $130M |
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 | |
|---|---|---|---|
| IRON Financial LLC | +287,616 | $3M | OPEN |
| RAYMOND JAMES FINANCIAL INC | +204,333 | $2M | ADD |
| LPL Financial LLC | +154,519 | $2M | ADD |
| OLD MISSION CAPITAL LLC | +61,963 | $613,737 | OPEN |
| Cetera Investment Advisers | +52,630 | $521,295 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | −2,125,599 | $21M | TRIM |
| NewEdge Advisors, LLC | −536,664 | $5M | CLOSE |
| Rockefeller Capital Management L.P. | −161,622 | $2M | CLOSE |
| COMMONWEALTH EQUITY SERVICES, LLC | −145,640 | $1M | TRIM |
| Westside Investment Management, Inc. | −71,714 | $710,320 | 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).
