% of shares outstanding is not shown for INDY: 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 INDY 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 |
|---|---|---|---|---|---|---|---|
| BlackRock, Inc. | 1.9M | 2.0M | 2.1M | 1.9M | 1.9M | 2.3M | $96M |
| MORGAN STANLEY | 403K | 324K | 302K | 317K | 258K | 250K | $11M |
| LPL Financial LLC | 178K | 152K | 152K | 155K | 149K | 191K | $8M |
| UBS Group AG | 149K | 154K | 145K | 149K | 164K | 176K | $7M |
| BANK OF AMERICA CORP /DE/ | 266K | 126K | 110K | 117K | 44K | 171K | $7M |
| OLD MISSION CAPITAL LLC | — | 66K | — | 10K | 64K | 142K | $6M |
| ROYAL BANK OF CANADA | 30K | 88K | 308K | 119K | 112K | 119K | $5M |
| Quadrature Capital Ltd | — | 4K | 47K | — | 15K | 102K | $4M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 50K | — | 28K | 11K | 10K | 80K | $3M |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | — | — | — | — | — | 73K | $3M |
| Cypress Capital Group | 126K | 129K | 77K | 65K | 66K | 70K | $3M |
| CITADEL ADVISORS LLC | — | 57K | 28K | 17K | 135K | 44K | $2M |
| GOLDMAN SACHS GROUP INC | — | — | — | — | — | 44K | $2M |
| SCHRODER INVESTMENT MANAGEMENT GROUP | 39K | 39K | 39K | 41K | 51K | 43K | $2M |
| WELLS FARGO & COMPANY/MN | 261K | 156K | 131K | 149K | 137K | 42K | $2M |
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 | |
|---|---|---|---|
| BlackRock, Inc. | +365,695 | $16M | ADD |
| BANK OF AMERICA CORP /DE/ | +127,557 | $5M | ADD |
| Quadrature Capital Ltd | +86,463 | $4M | ADD |
| OLD MISSION CAPITAL LLC | +78,300 | $3M | ADD |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | +73,224 | $3M | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Summit Financial, LLC | −131,193 | $6M | TRIM |
| WELLS FARGO & COMPANY/MN | −95,130 | $4M | TRIM |
| CITADEL ADVISORS LLC | −90,774 | $4M | TRIM |
| BEARING POINT CAPITAL, LLC | −29,380 | $1M | CLOSE |
| PURSUE WEALTH PARTNERS LLC | −13,857 | $587,480 | CLOSE |
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 | 87 | 4,277,656 | — | $181M |
| 2025-Q4 | 97 | 3,795,515 | — | $187M |
| 2025-Q3 | 97 | 3,839,900 | — | $195M |
| 2025-Q2 | 101 | 4,289,607 | — | $233M |
| 2025-Q1 | 97 | 4,002,698 | — | $203M |
| 2024-Q4 | 95 | 8,900,796 | — | $453M |
| 2024-Q3 | 102 | 8,820,793 | — | $497M |
| 2024-Q2 | 102 | 8,592,731 | — | $461M |
| 2024-Q1 | 100 | 9,201,766 | — | $464M |
| 2023-Q4 | 83 | 8,090,667 | — | $398M |
| 2023-Q3 | 84 | 7,756,586 | — | $351M |
| 2023-Q2 | 71 | 6,960,761 | — | $313M |
| 2023-Q1 | 79 | 8,267,151 | — | $340M |
| 2022-Q4 | 80 | 7,705,961 | — | $326M |
| 2022-Q3 | 76 | 7,326,022 | — | $309M |
| 2022-Q2 | 77 | 7,309,226 | — | $300M |
| 2022-Q1 | 78 | 8,138,030 | — | $376M |
| 2021-Q4 | 77 | 8,092,658 | — | $383M |
| 2021-Q3 | 70 | 8,069,782 | — | $416M |
| 2021-Q2 | 72 | 8,515,064 | — | $398M |
| 2021-Q1 | 72 | 9,086,515 | — | $408M |
| 2020-Q4 | 61 | 9,355,558 | — | $394M |
| 2020-Q3 | 60 | 10,275,348 | — | $358M |
| 2020-Q2 | 52 | 10,084,347 | — | $312M |
| 2020-Q1 | 66 | 11,724,160 | — | $299M |
| 2019-Q4 | 90 | 12,431,038 | — | $480M |
| 2019-Q3 | 80 | 11,941,127 | — | $438M |
| 2019-Q2 | 91 | 14,899,381 | — | $572M |
| 2019-Q1 | 81 | 12,592,253 | — | $477M |
| 2018-Q4 | 77 | 11,713,133 | — | $414M |
| 2018-Q3 | 88 | 15,154,841 | — | $518M |
| 2018-Q2 | 82 | 11,704,201 | — | $412M |
| 2018-Q1 | 91 | 19,854,194 | — | $702M |
| 2017-Q4 | 101 | 21,117,063 | — | $783M |
| 2017-Q3 | 95 | 21,073,112 | — | $719M |
| 2017-Q2 | 92 | 18,437,079 | — | $620M |
| 2017-Q1 | 87 | 16,214,207 | — | $524M |
| 2016-Q4 | 83 | 16,036,329 | — | $439M |
| 2016-Q3 | 83 | 15,402,157 | — | $459M |
| 2016-Q2 | 79 | 14,851,539 | — | $420M |
| 2016-Q1 | 79 | 15,538,874 | — | $418M |
| 2015-Q4 | 95 | 17,300,262 | — | $470M |
| 2015-Q3 | 88 | 18,768,217 | — | $524M |
| 2015-Q2 | 87 | 18,638,014 | — | $557M |
| 2015-Q1 | 93 | 19,607,879 | — | $614M |
| 2014-Q4 | 79 | 18,058,845 | — | $540M |
| 2014-Q3 | 76 | 16,022,792 | — | $475M |
| 2014-Q2 | 67 | 14,132,548 | — | $367M |
| 2014-Q1 | 56 | 14,499,746 | — | $342M |
| 2013-Q4 | 54 | 14,100,266 | — | $303M |
| 2013-Q3 | 56 | 13,321,737 | — | $255M |
| 2013-Q2 | 59 | 8,496,627 | — | $165M |
| 2013-Q1 | 8 | 1,285,741 | — | $6M |
