% of shares outstanding is not shown for KRMA: 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 KRMA 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 |
|---|---|---|---|---|---|---|---|
| MORGAN STANLEY | 2.4M | 2.4M | 2.1M | 2.1M | 1.1M | 1.0M | $43M |
| LPL Financial LLC | 85K | 80K | 78K | 86K | 84K | 85K | $4M |
| ROYAL BANK OF CANADA | 40K | 41K | 114K | 39K | 100K | 68K | $3M |
| Independent Advisor Alliance | 90K | — | — | — | — | 55K | $2M |
| Kingsview Wealth Management, LLC | 32K | 31K | 31K | 32K | 32K | 34K | $1M |
| OSAIC HOLDINGS, INC. | 2K | 12K | 8K | 30K | 30K | 31K | $1M |
| Napier Financial, LLC | — | — | — | — | — | 28K | $1M |
| Wealthfront Advisers LLC | 24K | 18K | 20K | 25K | 27K | 28K | $1M |
| GOLDMAN SACHS GROUP INC | 95K | — | 5K | 5K | 14K | 25K | $1M |
| BANK OF AMERICA CORP /DE/ | 18K | 18K | 17K | 17K | 20K | 21K | $854,871 |
| HighTower Advisors, LLC | 22K | 20K | 20K | 20K | 20K | 20K | $828,090 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 18K | — | 14K | 5K | 11K | 20K | $821,592 |
| STIFEL FINANCIAL CORP | 21K | 21K | 21K | 19K | 19K | 18K | $756,364 |
| Smart Portfolios, LLC | 15K | 15K | 15K | 15K | 15K | 16K | $659,351 |
| Perennial Investment Advisors, LLC | 25K | 32K | 28K | 27K | 25K | 15K | $643,269 |
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 | |
|---|---|---|---|
| Independent Advisor Alliance | +55,025 | $2M | OPEN |
| Napier Financial, LLC | +28,387 | $1M | OPEN |
| GOLDMAN SACHS GROUP INC | +10,309 | $428,308 | ADD |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | +8,748 | $363,453 | ADD |
| Creative Planning | +4,974 | $206,655 | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| MORGAN STANLEY | −40,281 | $2M | TRIM |
| ROYAL BANK OF CANADA | −32,044 | $1M | TRIM |
| TWO SIGMA INVESTMENTS, LP | −17,500 | $727,073 | CLOSE |
| Perennial Investment Advisors, LLC | −9,244 | $384,060 | TRIM |
| Daiwa Securities Group Inc. | −5,791 | $240,599 | 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 | 42 | 1,593,303 | — | $66M |
| 2025-Q4 | 43 | 1,588,005 | — | $69M |
| 2025-Q3 | 46 | 11,867,363 | — | $512M |
| 2025-Q2 | 41 | 14,887,257 | — | $601M |
| 2025-Q1 | 43 | 14,567,331 | — | $543M |
| 2024-Q4 | 48 | 14,782,148 | — | $578M |
| 2024-Q3 | 43 | 15,398,779 | — | $603M |
| 2024-Q2 | 45 | 16,137,871 | — | $597M |
| 2024-Q1 | 43 | 20,673,701 | — | $749M |
| 2023-Q4 | 44 | 18,842,914 | — | $629M |
| 2023-Q3 | 42 | 16,092,930 | — | $481M |
| 2023-Q2 | 41 | 19,803,655 | — | $614M |
| 2023-Q1 | 41 | 19,963,285 | — | $589M |
| 2022-Q4 | 40 | 19,126,219 | — | $530M |
| 2022-Q3 | 34 | 18,838,866 | — | $481M |
| 2022-Q2 | 38 | 19,224,061 | — | $513M |
| 2022-Q1 | 40 | 17,965,122 | — | $582M |
| 2021-Q4 | 45 | 17,060,868 | — | $588M |
| 2021-Q3 | 42 | 15,134,936 | — | $475M |
| 2021-Q2 | 40 | 13,330,366 | — | $417M |
| 2021-Q1 | 36 | 13,072,894 | — | $381M |
| 2020-Q4 | 32 | 13,696,407 | — | $373M |
| 2020-Q3 | 30 | 14,014,271 | — | $341M |
| 2020-Q2 | 22 | 9,965,890 | — | $195M |
| 2020-Q1 | 25 | 9,659,169 | — | $176M |
| 2019-Q4 | 19 | 2,693,113 | — | $63M |
| 2019-Q3 | 18 | 2,483,449 | — | $55M |
| 2019-Q2 | 18 | 2,307,550 | — | $50M |
| 2019-Q1 | 18 | 2,191,080 | — | $46M |
| 2018-Q4 | 18 | 2,200,406 | — | $40M |
| 2018-Q3 | 18 | 2,203,888 | — | $47M |
| 2018-Q2 | 12 | 2,200,480 | — | $44M |
| 2018-Q1 | 13 | 2,186,938 | — | $43M |
| 2017-Q4 | 10 | 2,214,236 | — | $43M |
| 2017-Q3 | 11 | 2,071,590 | — | $38M |
| 2017-Q2 | 7 | 2,051,318 | — | $36M |
| 2017-Q1 | 5 | 4,078,310 | — | $69M |
| 2016-Q4 | 4 | 4,078,500 | — | $65M |
| 2016-Q3 | 3 | 2,013,473 | — | $31M |
