% of shares outstanding is not shown for HFSI: 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 HFSI 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 |
|---|---|---|---|---|---|---|---|
| New England Capital Financial Advisors LLC | — | — | — | — | 316K | 2.5M | $88M |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | — | — | — | — | 1.8M | 2.1M | $74M |
| Hartford Funds Management Co LLC | 185K | 1.4M | 1.7M | 1.6M | 1.6M | 1.5M | $53M |
| BANK OF AMERICA CORP /DE/ | — | — | — | — | — | 1.2M | $42M |
| RAYMOND JAMES FINANCIAL INC | — | — | — | 10K | 532K | 1.2M | $41M |
| BENJAMIN EDWARDS INC | — | — | — | — | — | 971K | $34M |
| Retirement Management Systems Inc. | — | — | — | — | 653K | 723K | $25M |
| Modern Wealth Management, LLC | — | 239K | 335K | 518K | 630K | 706K | $25M |
| Bleakley Financial Group, LLC | — | — | — | — | 655K | 613K | $21M |
| Wealthspire Retirement, LLC | — | — | — | — | — | 601K | $21M |
| OSAIC HOLDINGS, INC. | 8K | 13K | 25K | 286K | 442K | 462K | $16M |
| Centric Wealth Management | 317K | 337K | 357K | 370K | 386K | 412K | $14M |
| ROYAL BANK OF CANADA | — | — | — | — | 330 | 386K | $13M |
| ENVESTNET ASSET MANAGEMENT INC | — | — | — | 130K | — | 344K | $12M |
| Live Oak Investment Partners | — | — | — | — | 178K | 256K | $9M |
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 |
|---|
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 | |
|---|---|---|---|
| New England Capital Financial Advisors LLC | +2,228,972 | $77M | ADD |
| BANK OF AMERICA CORP /DE/ | +1,221,387 | $42M | OPEN |
| BENJAMIN EDWARDS INC | +971,387 | $34M | OPEN |
| RAYMOND JAMES FINANCIAL INC | +656,707 | $23M | ADD |
| Wealthspire Retirement, LLC | +601,079 | $21M | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| SURIENCE PRIVATE WEALTH LLC | −43,400 | $2M | TRIM |
| Bleakley Financial Group, LLC | −42,036 | $1M | TRIM |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | −37,388 | $1M | TRIM |
| Hartford Funds Management Co LLC | −34,603 | $1M | TRIM |
| CORE WEALTH ADVISORS, LLC | −21,335 | $740,751 | 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).
| 2026-Q1 | 68 | 17,134,166 | — | $595M |
| 2025-Q4 | 55 | 8,966,045 | — | $318M |
| 2025-Q3 | 30 | 4,055,981 | — | $144M |
| 2025-Q2 | 13 | 3,179,379 | — | $111M |
| 2025-Q1 | 12 | 2,819,486 | — | $97M |
| 2024-Q4 | 8 | 1,360,891 | — | $47M |
| 2024-Q3 | 6 | 902,323 | — | $32M |
| 2024-Q2 | 9 | 886,866 | — | $30M |
| 2024-Q1 | 7 | 972,693 | — | $33M |
| 2023-Q4 | 6 | 1,118,083 | — | $38M |
| 2023-Q3 | 6 | 1,048,609 | — | $34M |
| 2023-Q2 | 7 | 1,012,109 | — | $34M |
| 2023-Q1 | 5 | 837,328 | — | $28M |
| 2022-Q4 | 6 | 776,002 | — | $25M |
| 2022-Q3 | 4 | 720,918 | — | $23M |
| 2022-Q2 | 4 | 677,806 | — | $23M |
| 2022-Q1 | 2 | 620,005 | — | $23M |
| 2021-Q4 | 2 | 627,173 | — | $25M |
| 2021-Q3 | 2 | 627,299 | — | $25M |
