% of shares outstanding is not shown for IBIF: 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 IBIF 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 | Quantum Financial Advisors, LLC | 318,386318,386 | $8M | — | ADD 31% |
| 2 | RAYMOND JAMES FINANCIAL INC | 168,408168,408 | $4M | — | NEW |
| 3 | CENTRAL TRUST Co | 109,111109,111 | $3M | — | ADD 42% |
| 4 | BlackRock, Inc. | 100,437100,437 | $3M | — | ADD 24% |
| 5 | Robertson Stephens Wealth Management, LLC | 75,99375,993 | $2M | — | ADD 2% |
| 6 | CITADEL ADVISORS LLC | 43,81843,818 | $1M | — | ADD 39% |
| 7 | OSAIC HOLDINGS, INC. | 42,69442,694 | $1M | — | ADD 13% |
| 8 | JIM SAULNIER & ASSOCIATES, LLC | 27,58427,584 | $723,943 | — | — |
| 9 | JANE STREET GROUP, LLC | 26,11526,115 | $685,388 | — | TRIM -43% |
| 10 | ARK & TLK INVESTMENTS, LLC | 18,51218,512 | $485,835 | — | — |
| 11 | Bradley & Co. Private Wealth Management, LLC | 18,34718,347 | $481,517 | — | ADD 412% |
| 12 | MKT Advisors LLC | 16,96316,963 | $445,436 | — | — |
| 13 | Creative Planning | 15,53015,530 | $407,576 | — | — |
| 14 | Briggs Wealth Management, Inc | 14,14214,142 | $371,157 | — | NEW |
| 15 | LPL Financial LLC | 13,88413,884 | $364,386 | — | — |
| 16 | 4Thought Financial Group Inc. | 13,37513,375 | $351,031 | — | NEW |
| 17 | PARK AVENUE SECURITIES LLC | 12,53512,535 | $329,000 | — | TRIM -15% |
| 18 | Steward Partners Investment Advisory, LLC | 10,05910,059 | $263,992 | — | ADD 3% |
| 19 | HighTower Advisors, LLC | 7,6847,684 | $201,660 | — | NEW |
| 20 | Tower Research Capital LLC (TRC) | 3,2443,244 | $85,139 | — | NEW |
| 21 | Allworth Financial LP | 1,9931,993 | $52,307 | — | — |
| 22 | McIlrath & Eck, LLC | 1,7591,759 | $46,165 | — | NEW |
| 23 | Parallel Advisors, LLC | 1,1411,141 | $29,952 | — | — |
| 24 | Asset Dedication, LLC | 764764 | $20,052 | — | NEW |
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 |
|---|---|---|---|---|---|---|---|
| Quantum Financial Advisors, LLC | 157K | 176K | 186K | 228K | 243K | 318K | $8M |
| RAYMOND JAMES FINANCIAL INC | — | — | — | — | — | 168K | $4M |
| CENTRAL TRUST Co | 15K | 23K | 25K | 23K | 77K | 109K | $3M |
| BlackRock, Inc. | 16K | 35K | 62K | 70K | 81K | 100K | $3M |
| Robertson Stephens Wealth Management, LLC | 62K | 60K | 68K | 68K | 74K | 76K | $2M |
| CITADEL ADVISORS LLC | — | — | — | 18K | 31K | 44K | $1M |
| OSAIC HOLDINGS, INC. | — | 625 | 2K | 11K | 38K | 43K | $1M |
| JIM SAULNIER & ASSOCIATES, LLC | 12K | 12K | 12K | 20K | 28K | 28K | $723,943 |
| JANE STREET GROUP, LLC | 10K | 12K | — | 10K | 46K | 26K | $685,388 |
| ARK & TLK INVESTMENTS, LLC | 18K | 18K | 19K | 19K | 19K | 19K | $485,835 |
| Bradley & Co. Private Wealth Management, LLC | 8K | 8K | 4K | 4K | 4K | 18K | $481,517 |
| MKT Advisors LLC | — | — | 12K | 15K | 17K | 17K | $445,436 |
| Creative Planning | — | 11K | 14K | 15K | 16K | 16K | $407,576 |
| Briggs Wealth Management, Inc | — | — | — | — | — | 14K | $371,157 |
| LPL Financial LLC | — | — | — | 11K | 14K | 14K | $364,386 |
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 | 24 | 1,062,478 | — | $28M |
| 2025-Q4 | 19 | 750,853 | — | $20M |
| 2025-Q3 | 19 | 625,720 | — | $17M |
| 2025-Q2 | 14 | 430,185 | — | $11M |
| 2025-Q1 | 15 | 425,136 | — | $11M |
| 2024-Q4 | 10 | 309,212 | — | $8M |
| 2024-Q3 | 6 | 303,468 | — | $8M |
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 | |
|---|---|---|---|
| RAYMOND JAMES FINANCIAL INC | +168,408 | $4M | OPEN |
| Quantum Financial Advisors, LLC | +75,448 | $2M | ADD |
| CENTRAL TRUST Co | +32,057 | $841,336 | ADD |
| BlackRock, Inc. | +19,315 | $506,922 | ADD |
| Bradley & Co. Private Wealth Management, LLC | +14,767 | $387,560 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| IFG Advisory, LLC | −22,755 | $597,205 | CLOSE |
| JANE STREET GROUP, LLC | −19,866 | $521,383 | TRIM |
| FLOW TRADERS U.S. LLC | −13,663 | $358,585 | CLOSE |
| PARK AVENUE SECURITIES LLC | −2,250 | $59,051 | TRIM |
| MKT Advisors LLC | −30 | $787 | — |
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).
| 2024-Q2 | 7 | 297,174 | — | $8M |
| 2024-Q1 | 6 | 223,666 | — | $6M |
| 2023-Q4 | 5 | 109,822 | — | $3M |
| 2023-Q3 | 2 | 99,899 | — | $2M |
