% of shares outstanding is not shown for IBTJ: 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 IBTJ 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 | MORGAN STANLEY | 3,383,7353.4M | $74M | — | — |
| 2 | BANK OF AMERICA CORP /DE/ | 2,457,9092.5M | $54M | — | ADD 12% |
| 3 | MERCER GLOBAL ADVISORS INC /ADV | 2,336,9382.3M | $51M | — | ADD 19% |
| 4 | WELLS FARGO & COMPANY/MN | 2,290,5272.3M | $50M | — | ADD 14% |
| 5 | TRUE Private Wealth Advisors | 1,822,2781.8M | $40M | — | TRIM -6% |
| 6 | Brookstone Capital Management | 1,748,1321.7M | $38M | — | — |
| 7 | Financial Advisory Corp | 1,571,5711.6M | $34M | — | ADD 3249% |
| 8 | RAYMOND JAMES FINANCIAL INC | 1,571,5331.6M | $34M | — | ADD 5% |
| 9 | Asset Advisors Investment Management, LLC | 1,238,1171.2M | $27M | — | ADD 18% |
| 10 | ENVESTNET ASSET MANAGEMENT INC | 1,222,4791.2M | $27M | — | ADD 5250% |
| 11 | UNITED CAPITAL FINANCIAL ADVISORS, LLC | 1,197,9301.2M | $26M | — | ADD 14% |
| 12 | HENGEHOLD CAPITAL MANAGEMENT LLC | 1,040,5541.0M | $23M | — | ADD 4% |
| 13 | AMERIPRISE FINANCIAL INC | 994,258994,258 | $22M | — | ADD 375% |
| 14 | STIFEL FINANCIAL CORP | 987,258987,258 | $22M | — | ADD 3% |
| 15 | ATWOOD & PALMER INC | 944,974944,974 | $21M | — | — |
| 16 | UBS Group AG | 915,521915,521 | $20M | — | TRIM -11% |
| 17 | COMMONWEALTH EQUITY SERVICES, LLC | 835,319835,319 | $18M | — | TRIM -6% |
| 18 | BENJAMIN EDWARDS INC | 803,097803,097 | $18M | — | ADD 7% |
| 19 | Journey Advisory Group, LLC | 797,733797,733 | $17M | — | ADD 3% |
| 20 | HM PAYSON & CO | 771,542771,542 | $17M | — | ADD 91% |
| 21 | CWM, LLC | 756,665756,665 | $17M | — | ADD 6% |
| 22 | BlackRock, Inc. | 691,063691,063 | $15M | — | ADD 138% |
| 23 | Denver PWM, LLC | 672,520672,520 | $15M | — | TRIM -3% |
| 24 | LPL Financial LLC | 616,659616,659 | $13M | — | ADD 16% |
| 25 | MKT Advisors LLC | 612,479612,479 | $13M | — | ADD 2% |
| 26 | Wealth Management Strategies, Inc. | 542,615542,615 | $12M | — | ADD 6% |
| 27 | Legacy Private Trust Co. | 537,250537,250 | $12M | — | ADD 2% |
| 28 | Krilogy Financial LLC | 521,117521,117 | $11M | — | ADD 5% |
| 29 | Stratos Wealth Partners, LTD. | 517,913517,913 | $11M | — | ADD 4% |
| 30 | Probity Advisors, Inc. | 485,542485,542 | $11M | — | ADD 11% |
| 31 | SHELTON WEALTH MANAGEMENT, LLC | 466,897466,897 | $10M | — | ADD 17% |
| 32 | Heartwood Wealth Advisors LLC | 438,998438,998 | $10M | — | NEW |
| 33 | PARK AVENUE SECURITIES LLC | 436,570436,570 | $10M | — | ADD 71% |
| 34 | Waycross Investment Management Co | 435,914435,914 | $10M | — | ADD 3% |
| 35 | EIGHT 31 FINANCIAL, LLC | 424,929424,929 | $9M | — | — |
| 36 | PFG Private Wealth Management, LLC | 393,879393,879 | $9M | — | NEW |
| 37 | Robertson Stephens Wealth Management, LLC | 361,685361,685 | $8M | — | ADD 4% |
| 38 | D.A. DAVIDSON & CO. | 359,420359,420 | $8M | — | ADD 6% |
| 39 | Integrated Wealth Concepts LLC | 343,944343,944 | $8M | — | ADD 122% |
| 40 | SPRENG CAPITAL MANAGEMENT, INC. | 323,272323,272 | $7M | — | ADD 10% |
| 41 | FORONJY FINANCIAL LLC | 296,824296,824 | $6M | — | ADD 3% |
| 42 | FAGAN ASSOCIATES, INC. | 292,849292,849 | $6M | — | — |
| 43 | OSAIC HOLDINGS, INC. | 288,490288,490 | $6M | — | TRIM -5% |
| 44 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 275,211275,211 | $6M | — | ADD 20% |
| 45 | CENTRAL TRUST Co | 262,196262,196 | $6M | — | ADD 2% |
| 46 | Janney Montgomery Scott LLC | 254,141254,141 | $6M | — | ADD 59% |
| 47 | DROMS STRAUSS ADVISORS INC /MO/ /ADV | 236,137236,137 | $5M | — | NEW |
| 48 | Stockman Wealth Management, Inc. | 247,906247,906 | $5M | — | ADD 11% |
| 49 | REBALANCE, LLC | 246,692246,692 | $5M | — | TRIM -4% |
| 50 | CLIFTONLARSONALLEN WEALTH ADVISORS, LLC | 243,010243,010 | $5M | — | ADD 38% |
| 51 | Baird Financial Group, Inc. | 232,796232,796 | $5M | — | ADD 26% |
| 52 | Baltimore-Washington Financial Advisors, Inc. | 222,819222,819 | $5M | — | ADD 32% |
| 53 | Asset Dedication, LLC | 218,511218,511 | $5M | — | ADD 44% |
| 54 | Belpointe Asset Management LLC | 210,479210,479 | $5M | — | ADD 12% |
| 55 | ROYAL BANK OF CANADA | 186,641186,641 | $4M | — | TRIM -8% |
| 56 | Financial Engines Advisors L.L.C. | 184,732184,732 | $4M | — | ADD 9% |
| 57 | CONFLUENCE INVESTMENT MANAGEMENT LLC | 183,271183,271 | $4M | — | — |
| 58 | THOROUGHBRED FINANCIAL SERVICES, LLC | 175,555175,555 | $4M | — | ADD 11% |
| 59 | SIGNATUREFD, LLC | 166,673166,673 | $4M | — | ADD 4% |
| 60 | BIP Wealth, LLC | 165,256165,256 | $4M | — | TRIM -10% |
| 61 | Accretive Wealth Partners, LLC | 165,158165,158 | $4M | — | ADD 7% |
| 62 | HOWLAND CAPITAL MANAGEMENT LLC | 152,336152,336 | $3M | — | ADD 9% |
| 63 | Parallel Advisors, LLC | 149,253149,253 | $3M | — | ADD 5% |
| 64 | BOSTON FAMILY OFFICE LLC | 148,083148,083 | $3M | — | ADD 17% |
| 65 | MV CAPITAL MANAGEMENT, INC. | 142,758142,758 | $3M | — | — |
| 66 | Cypress Point Wealth Management, LLC | 119,718119,718 | $3M | — | NEW |
| 67 | Northstar Group, Inc. | 135,853135,853 | $3M | — | ADD 22% |
| 68 | SCS Capital Management LLC | 134,190134,190 | $3M | — | ADD 16% |
| 69 | KINTRA WEALTH, LLC | 126,510126,510 | $3M | — | ADD 1232% |
| 70 | Independent Advisor Alliance | 133,209133,209 | $3M | — | ADD 636% |
| 71 | Cetera Investment Advisers | 131,322131,322 | $3M | — | TRIM -5% |
| 72 | HighTower Advisors, LLC | 122,536122,536 | $3M | — | ADD 19% |
| 73 | LEAVELL INVESTMENT MANAGEMENT, INC. | 119,301119,301 | $3M | — | ADD 28% |
| 74 | Apella Capital, LLC | 102,761102,761 | $2M | — | ADD 11% |
| 75 | Hughes Financial Services, LLC | 99,54999,549 | $2M | — | — |
| 76 | Sanctuary Advisors, LLC | 96,61896,618 | $2M | — | ADD 4% |
| 77 | CAPTRUST FINANCIAL ADVISORS | 91,29391,293 | $2M | — | TRIM -4% |
| 78 | Atria Investments, Inc | 88,50588,505 | $2M | — | ADD 2% |
| 79 | TITLEIST ASSET MANAGEMENT, LLC | 85,51385,513 | $2M | — | ADD 29% |
| 80 | Cambridge Investment Research Advisors, Inc. | 85,31385,313 | $2M | — | ADD 183% |
| 81 | Leo Wealth, LLC | 82,43682,436 | $2M | — | ADD 21% |
| 82 | SUMMITPOINT CAPITAL MANAGEMENT | 80,28380,283 | $2M | — | NEW |
| 83 | Allworth Financial LP | 75,97975,979 | $2M | — | ADD 3% |
| 84 | Valmark Advisers, Inc. | 74,76974,769 | $2M | — | — |
| 85 | IFP Advisors, Inc | 71,63171,631 | $2M | — | TRIM -5% |
| 86 | Associated Banc-Corp | 68,74968,749 | $2M | — | ADD 3% |
| 87 | Reliant Wealth Planning | 60,41960,419 | $1M | — | ADD 8% |
| 88 | Foundry Financial Group, Inc. | 59,16759,167 | $1M | — | TRIM -6% |
| 89 | JIM SAULNIER & ASSOCIATES, LLC | 58,65758,657 | $1M | — | ADD 29% |
| 90 | Midwest Professional Planners, LTD. | 57,79757,797 | $1M | — | ADD 87% |
| 91 | Montecito Bank & Trust | 56,29756,297 | $1M | — | — |
| 92 | Thrivent Financial for Lutherans | 48,65348,653 | $1M | — | ADD 5% |
| 93 | FF Advisors,LLC | 47,30847,308 | $1M | — | TRIM -42% |
| 94 | Granite Harbor Advisors, Inc. | 43,72743,727 | $955,129 | — | ADD 66% |
| 95 | Cerity Partners LLC | 43,46043,460 | $949,306 | — | ADD 96% |
| 96 | Snowden Capital Advisors LLC | 43,02243,022 | $939,723 | — | — |
| 97 | Atlantic Private Wealth, LLC | 42,44742,447 | $927,173 | — | — |
| 98 | CARY STREET PARTNERS FINANCIAL LLC | 41,85141,851 | $914,151 | — | ADD 4% |
| 99 | KFG WEALTH MANAGEMENT, LLC | 40,71740,717 | $889,373 | — | ADD 14% |
| 100 | Keeler Thomas Management LLC | 39,18039,180 | $855,805 | — | TRIM -68% |
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 | 190K | 350K | 366K | 370K | 3.4M | 3.4M | $74M |
| BANK OF AMERICA CORP /DE/ | 822K | 759K | 724K | 681K | 2.2M | 2.5M | $54M |
| MERCER GLOBAL ADVISORS INC /ADV | 381K | 430K | 599K | 1.0M | 2.0M | 2.3M | $51M |
| WELLS FARGO & COMPANY/MN | 1.0M | 1.4M | 1.5M | 1.5M | 2.0M | 2.3M | $50M |
| TRUE Private Wealth Advisors | — | 1.5M | 1.9M | 2.0M | 1.9M | 1.8M | $40M |
| Brookstone Capital Management | — | — | — | — | 1.7M | 1.7M | $38M |
| Financial Advisory Corp | — | — | — | — | 47K | 1.6M | $34M |
| RAYMOND JAMES FINANCIAL INC | 833K | 855K | 1.0M | 971K | 1.5M | 1.6M | $34M |
| Asset Advisors Investment Management, LLC | — | — | — | 256K | 1.0M | 1.2M | $27M |
| ENVESTNET ASSET MANAGEMENT INC | 457K | 692K | 971K | 830K | 23K | 1.2M | $27M |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC | 64K | 283K | 486K | 805K | 1.1M | 1.2M | $26M |
| HENGEHOLD CAPITAL MANAGEMENT LLC | 642K | 747K | 922K | 963K | 1.0M | 1.0M | $23M |
| AMERIPRISE FINANCIAL INC | 37K | 56K | 62K | 178K | 209K | 994K | $22M |
| STIFEL FINANCIAL CORP | 128K | 803K | 822K | 903K | 955K | 987K | $22M |
| ATWOOD & PALMER INC | 1.1M | 1.1M | 903K | 905K | 927K | 945K | $21M |
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 | |
|---|---|---|---|
| Financial Advisory Corp | +1,524,642 | $33M | ADD |
| ENVESTNET ASSET MANAGEMENT INC | +1,199,628 | $26M | ADD |
| AMERIPRISE FINANCIAL INC | +784,955 | $17M | ADD |
| Heartwood Wealth Advisors LLC | +438,998 | $10M | OPEN |
| BlackRock, Inc. | +400,809 | $9M | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| NewEdge Advisors, LLC | −426,212 | $9M | CLOSE |
| UBS Group AG | −117,424 | $3M | TRIM |
| TRUE Private Wealth Advisors | −112,531 | $2M | TRIM |
| Keeler Thomas Management LLC | −81,801 | $2M | TRIM |
| COMMONWEALTH EQUITY SERVICES, LLC | −56,270 | $1M | 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 | 215 | 48,614,737 | — | $1.1B |
| 2025-Q4 | 201 | 40,545,906 | — | $890M |
| 2025-Q3 | 178 | 27,703,127 | — | $608M |
| 2025-Q2 | 162 | 24,982,753 | — | $548M |
| 2025-Q1 | 165 | 23,266,945 | — | $506M |
| 2024-Q4 | 144 | 16,010,975 | — | $341M |
| 2024-Q3 | 126 | 12,718,769 | — | $280M |
| 2024-Q2 | 107 | 9,770,662 | — | $209M |
| 2024-Q1 | 92 | 7,968,514 | — | $171M |
| 2023-Q4 | 73 | 5,618,420 | — | $122M |
| 2023-Q3 | 44 | 3,424,799 | — | $72M |
| 2023-Q2 | 37 | 2,479,475 | — | $54M |
| 2023-Q1 | 36 | 2,232,873 | — | $50M |
| 2022-Q4 | 28 | 1,749,118 | — | $37M |
| 2022-Q3 | 17 | 1,155,240 | — | $25M |
| 2022-Q2 | 16 | 1,017,272 | — | $23M |
| 2022-Q1 | 12 | 586,569 | — | $14M |
| 2021-Q4 | 13 | 632,301 | — | $16M |
| 2021-Q3 | 11 | 639,626 | — | $16M |
| 2021-Q2 | 9 | 651,974 | — | $16M |
| 2021-Q1 | 9 | 766,267 | — | $19M |
| 2020-Q4 | 11 | 859,039 | — | $23M |
| 2020-Q3 | 8 | 773,996 | — | $21M |
| 2020-Q2 | 9 | 726,793 | — | $19M |
| 2020-Q1 | 6 | 665,360 | — | $18M |
