% of shares outstanding is not shown for FV: 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 FV 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 | 6.7M | 6.2M | 6.2M | 6.0M | 5.7M | 5.6M | $338M |
| WELLS FARGO & COMPANY/MN | 4.1M | 4.1M | 3.9M | 3.7M | 3.7M | 3.2M | $195M |
| LPL Financial LLC | 4.5M | 4.5M | 4.4M | 4.5M | 4.2M | 3.1M | $187M |
| COMMONWEALTH EQUITY SERVICES, LLC | 2.8M | 2.8M | 2.9M | 2.5M | 2.3M | 1.8M | $112M |
| RAYMOND JAMES FINANCIAL INC | 2.7M | 2.6M | 2.4M | 2.3M | 2.1M | 1.8M | $108M |
| UBS Group AG | 1.4M | 1.4M | 1.4M | 1.4M | 1.3M | 1.3M | $76M |
| BANK OF AMERICA CORP /DE/ | 1.7M | 1.5M | 1.4M | 1.4M | 1.3M | 1.2M | $71M |
| ROYAL BANK OF CANADA | 1.1M | 1.0M | 2.4M | 1.2M | 832K | 758K | $46M |
| OSAIC HOLDINGS, INC. | 837K | 784K | 805K | 905K | 771K | 721K | $44M |
| Prospera Financial Services Inc | 804K | 791K | 812K | 787K | 708K | 632K | $38M |
| Proactive Wealth Strategies LLC | 298K | 310K | 314K | 313K | 314K | 609K | $37M |
| Concurrent Investment Advisors, LLC | 567K | 575K | 577K | 577K | 566K | 562K | $34M |
| Cambridge Investment Research Advisors, Inc. | 563K | 516K | 527K | 557K | 565K | 521K | $32M |
| SARD WEALTH MANAGEMENT GROUP, LLC | 450K | 456K | 461K | 464K | 470K | 468K | $28M |
| STIFEL FINANCIAL CORP | 362K | 386K | 413K | 471K | 441K | 423K | $26M |
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 | |
|---|---|---|---|
| Proactive Wealth Strategies LLC | +295,995 | $18M | ADD |
| Independent Advisor Alliance | +230,000 | $14M | OPEN |
| BENJAMIN EDWARDS INC | +163,331 | $10M | ADD |
| Gateway Wealth Partners, LLC | +106,877 | $6M | ADD |
| FIFTH THIRD BANCORP | +74,919 | $5M | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| LPL Financial LLC | −1,054,775 | $64M | TRIM |
| NewEdge Advisors, LLC | −676,898 | $41M | TRIM |
| Janney Montgomery Scott LLC | −506,018 | $31M | CLOSE |
| COMMONWEALTH EQUITY SERVICES, LLC | −481,591 | $29M | TRIM |
| WELLS FARGO & COMPANY/MN | −465,821 | $28M | 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 | 319 | 34,070,913 | — | $2.1B |
| 2025-Q4 | 331 | 37,626,491 | — | $2.4B |
| 2025-Q3 | 313 | 39,441,675 | — | $2.4B |
| 2025-Q2 | 312 | 41,895,160 | — | $2.5B |
| 2025-Q1 | 312 | 41,236,751 | — | $2.3B |
| 2024-Q4 | 331 | 42,590,724 | — | $2.5B |
| 2024-Q3 | 308 | 42,203,923 | — | $2.4B |
| 2024-Q2 | 293 | 41,766,256 | — | $2.4B |
| 2024-Q1 | 282 | 54,579,501 | — | $3.1B |
| 2023-Q4 | 273 | 50,114,232 | — | $2.6B |
| 2023-Q3 | 253 | 44,429,257 | — | $2.0B |
| 2023-Q2 | 255 | 45,140,102 | — | $2.1B |
| 2023-Q1 | 244 | 44,795,284 | — | $2.0B |
| 2022-Q4 | 245 | 42,729,029 | — | $2.0B |
| 2022-Q3 | 213 | 38,345,531 | — | $1.6B |
| 2022-Q2 | 211 | 36,638,431 | — | $1.5B |
| 2022-Q1 | 216 | 35,117,791 | — | $1.7B |
| 2021-Q4 | 211 | 35,461,911 | — | $1.7B |
| 2021-Q3 | 189 | 33,915,873 | — | $1.6B |
| 2021-Q2 | 190 | 33,345,510 | — | $1.6B |
| 2021-Q1 | 196 | 32,853,519 | — | $1.5B |
| 2020-Q4 | 195 | 33,135,040 | — | $1.3B |
| 2020-Q3 | 168 | 30,921,436 | — | $1.1B |
| 2020-Q2 | 172 | 34,720,764 | — | $1.1B |
| 2020-Q1 | 174 | 34,483,867 | — | $879M |
| 2019-Q4 | 204 | 46,318,239 | — | $1.5B |
| 2019-Q3 | 173 | 44,183,616 | — | $1.3B |
| 2019-Q2 | 179 | 45,473,066 | — | $1.4B |
| 2019-Q1 | 179 | 40,159,701 | — | $1.2B |
| 2018-Q4 | 172 | 44,630,233 | — | $1.1B |
| 2018-Q3 | 165 | 49,264,650 | — | $1.5B |
| 2018-Q2 | 163 | 48,169,896 | — | $1.4B |
| 2018-Q1 | 169 | 50,134,035 | — | $1.4B |
| 2017-Q4 | 156 | 48,007,810 | — | $1.3B |
| 2017-Q3 | 133 | 47,540,694 | — | $1.2B |
| 2017-Q2 | 138 | 49,150,523 | — | $1.2B |
| 2017-Q1 | 128 | 57,315,814 | — | $1.4B |
| 2016-Q4 | 127 | 65,778,170 | — | $1.5B |
| 2016-Q3 | 121 | 63,505,470 | — | $1.5B |
| 2016-Q2 | 127 | 65,409,078 | — | $1.5B |
| 2016-Q1 | 126 | 87,275,715 | — | $1.9B |
| 2015-Q4 | 135 | 120,354,363 | — | $2.8B |
| 2015-Q3 | 120 | 102,235,075 | — | $2.2B |
| 2015-Q2 | 104 | 81,712,636 | — | $2.0B |
| 2015-Q1 | 93 | 59,798,258 | — | $1.5B |
| 2014-Q4 | 72 | 34,287,619 | — | $817M |
| 2014-Q3 | 51 | 15,780,185 | — | $331M |
| 2014-Q2 | 40 | 8,694,258 | — | $172M |
| 2014-Q1 | 22 | 3,665,336 | — | $71M |
