% of shares outstanding is not shown for KVLE: 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 KVLE 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 | LPL Financial LLC | 957,021957,021 | $24M | — | ADD 45% |
| 2 | Ascentis Independent Advisors | 112,724112,724 | $3M | — | ADD 207% |
| 3 | Proactive Wealth Strategies LLC | 99,35699,356 | $2M | — | ADD 224% |
| 4 | GTS SECURITIES LLC | 42,36742,367 | $1M | — | ADD 112% |
| 5 | Freedom Investment Management, Inc. | 16,07116,071 | $399,846 | — | TRIM -17% |
| 6 | CWM, LLC | 2,3912,391 | $59,488 | — | — |
| 7 | UBS Group AG | 1,9191,919 | $47,745 | — | ADD 1070% |
| 8 | Farther Finance Advisors, LLC | 629629 | $15,687 | — | NEW |
| 9 | Allworth Financial LP | 307307 | $7,639 | — | — |
| 10 | EverSource Wealth Advisors, LLC | 243243 | $6,046 | — | — |
| 11 | EPG Wealth Management LLC | 134134 | $3,334 | — | — |
| 12 | MORGAN STANLEY | 11 | $31 | — | 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 |
|---|---|---|---|---|---|---|---|
| LPL Financial LLC | — | — | 663K | 677K | 661K | 957K | $24M |
| Ascentis Independent Advisors | — | — | — | — | 37K | 113K | $3M |
| Proactive Wealth Strategies LLC | — | — | 13K | 20K | 31K | 99K | $2M |
| GTS SECURITIES LLC | 47K | 26K | — | 13K | 20K | 42K | $1M |
| Freedom Investment Management, Inc. | 803K | 801K | 63K | 80K | 19K | 16K | $399,846 |
| CWM, LLC | 2K | 2K | 2K | 2K | 2K | 2K | $59,488 |
| UBS Group AG | — | — | — | — | 164 | 2K | $47,745 |
| Farther Finance Advisors, LLC | — | — | — | — | — | 629 | $15,687 |
| Allworth Financial LP | 765 | 805 | 478 | 307 | 307 | 307 | $7,639 |
| EverSource Wealth Advisors, LLC | 243 | 243 | 243 | 243 | 243 | 243 | $6,046 |
| EPG Wealth Management LLC | 134 | 134 | 134 | 134 | 134 | 134 | $3,334 |
| MORGAN STANLEY | — | 1 | 1 | — | — | 1 | $31 |
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 | |
|---|---|---|---|
| LPL Financial LLC | +295,523 | $7M | ADD |
| Ascentis Independent Advisors | +75,956 | $2M | ADD |
| Proactive Wealth Strategies LLC | +68,651 | $2M | ADD |
| GTS SECURITIES LLC | +22,391 | $557,088 | ADD |
| UBS Group AG | +1,755 | $43,664 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Freedom Investment Management, Inc. | −3,367 | $83,771 | TRIM |
| Kestra Advisory Services, LLC | −2,227 | $55,408 | CLOSE |
| TUCKER ASSET MANAGEMENT LLC | −217 | $5,399 | CLOSE |
| Global Retirement Partners, LLC | −215 | $5,349 | CLOSE |
| OSAIC HOLDINGS, INC. | −2 | $50 | 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 | 12 | 1,233,163 | — | $31M |
| 2025-Q4 | 14 | 774,285 | — | $20M |
| 2025-Q3 | 12 | 815,840 | — | $23M |
| 2025-Q2 | 14 | 775,523 | — | $20M |
| 2025-Q1 | 12 | 862,707 | — | $21M |
| 2024-Q4 | 15 | 969,464 | — | $24M |
| 2024-Q3 | 14 | 969,811 | — | $26M |
| 2024-Q2 | 14 | 966,226 | — | $24M |
| 2024-Q1 | 14 | 970,146 | — | $23M |
| 2023-Q4 | 14 | 1,008,204 | — | $23M |
| 2023-Q3 | 13 | 974,400 | — | $21M |
| 2023-Q2 | 10 | 984,305 | — | $22M |
| 2023-Q1 | 9 | 1,062,134 | — | $24M |
| 2022-Q4 | 8 | 1,026,407 | — | $22M |
| 2022-Q3 | 5 | 1,041,652 | — | $21M |
| 2022-Q2 | 8 | 1,073,390 | — | $23M |
| 2022-Q1 | 9 | 1,096,474 | — | $26M |
| 2021-Q4 | 6 | 1,021,388 | — | $25M |
| 2021-Q3 | 5 | 1,060,969 | — | $25M |
| 2021-Q2 | 6 | 1,110,766 | — | $27M |
| 2021-Q1 | 3 | 979,724 | — | $23M |
| 2020-Q4 | 3 | 661,709 | — | $16,000 |
