% of shares outstanding is not shown for GQI: 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 GQI 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 |
|---|---|---|---|---|---|---|---|
| Independent Advisor Alliance | 38K | — | — | — | — | 631K | $35M |
| LPL Financial LLC | 276K | 419K | 297K | 357K | 403K | 483K | $26M |
| Legacy Financial Advisors, Inc. | 324K | 330K | 341K | 361K | 230K | 210K | $12M |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 136K | 143K | 142K | 145K | 145K | 156K | $9M |
| DAVENPORT & Co LLC | 41K | 52K | 92K | 117K | 132K | 150K | $8M |
| Dakota Wealth Management | — | — | — | — | 119K | 120K | $7M |
| COMMONWEALTH EQUITY SERVICES, LLC | 52K | 106K | 110K | 93K | 98K | 102K | $6M |
| Three Magnolias Financial Advisors, LLC | 64K | 57K | 80K | 89K | 91K | 94K | $5M |
| Janney Montgomery Scott LLC | 35K | 68K | 67K | 95K | 98K | 82K | $5M |
| Steward Partners Investment Advisory, LLC | 37K | 65K | 75K | 80K | 81K | 74K | $4M |
| ROYAL BANK OF CANADA | 77K | 77K | 145K | 50K | 52K | 68K | $4M |
| OSAIC HOLDINGS, INC. | — | 40K | 39K | 43K | 43K | 45K | $2M |
| U.S. Capital Wealth Advisors, LLC | 74K | 73K | 72K | 46K | 45K | 40K | $2M |
| Apollon Wealth Management, LLC | — | — | 37K | 36K | 38K | 37K | $2M |
| PlanVest Financial, Inc | — | — | — | — | — | 23K | $1M |
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 | 41 | 2,466,971 | — | $135M |
| 2025-Q4 | 43 | 2,632,087 | — | $150M |
| 2025-Q3 | 33 | 1,792,228 | — | $100M |
| 2025-Q2 | 27 | 1,750,335 | — | $94M |
| 2025-Q1 | 25 | 1,685,452 | — | $87M |
| 2024-Q4 | 22 | 2,054,158 | — | $112M |
| 2024-Q3 | 21 | 1,762,291 | — | $96M |
| 2024-Q2 | 16 | 1,605,746 | — |
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 | |
|---|---|---|---|
| Independent Advisor Alliance | +631,181 | $35M | OPEN |
| LPL Financial LLC | +80,240 | $4M | ADD |
| PlanVest Financial, Inc | +23,407 | $1M | OPEN |
| DAVENPORT & Co LLC | +18,378 | $1M | ADD |
| ROYAL BANK OF CANADA | +16,116 | $883,930 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Horizon Wealth Management, LLC | −862,258 | $47M | CLOSE |
| Global Retirement Partners, LLC | −33,102 | $2M | CLOSE |
| Legacy Financial Advisors, Inc. | −20,475 | $1M | TRIM |
| Janney Montgomery Scott LLC | −15,674 | $859,688 | TRIM |
| Steward Partners Investment Advisory, LLC | −6,777 | $371,705 | 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).
| $86M |
| 2024-Q1 | 10 | 1,344,668 | — | $72M |
| 2023-Q4 | 1 | 5,075 | — | $257,579 |
