% of shares outstanding is not shown for LCAP: 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 LCAP 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 | PRINCIPAL SECURITIES, INC. | 4,819,1694.8M | $140M | — | ADD 64% |
| 2 | ENVESTNET ASSET MANAGEMENT INC | 4,784,9734.8M | $139M | — | ADD 63% |
| 3 | PRINCIPAL FINANCIAL GROUP INC | 2,901,8562.9M | $84M | — | TRIM -6% |
| 4 | MORGAN STANLEY | 60,48460,484 | $2M | — | ADD 9120% |
| 5 | JANE STREET GROUP, LLC | 33,17333,173 | $961,685 | — | ADD 162% |
| 6 | Simplicity Wealth,LLC | 15,74415,744 | $456,419 | — | — |
| 7 | CoreCap Advisors, LLC | 1,7331,733 | $50,240 | — | — |
| 8 | Pinnacle Bancorp, Inc. | 170170 | $4,928 | — | NEW |
| 9 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 2525 | $725 | — | 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 |
|---|---|---|---|---|---|---|---|
| PRINCIPAL SECURITIES, INC. | — | — | 402K | 803K | 2.9M | 4.8M | $140M |
| ENVESTNET ASSET MANAGEMENT INC | — | — | 408K | 781K | 2.9M | 4.8M | $139M |
| PRINCIPAL FINANCIAL GROUP INC | — | 398K | 398K | 398K | 3.1M | 2.9M | $84M |
| MORGAN STANLEY | — | — | — | 2K | 656 | 60K | $2M |
| JANE STREET GROUP, LLC | — | — | — | — | 13K | 33K | $961,685 |
| Simplicity Wealth,LLC | — | — | — | — | 16K | 16K | $456,419 |
| CoreCap Advisors, LLC | — | — | — | — | 2K | 2K | $50,240 |
| Pinnacle Bancorp, Inc. | — | — | — | — | — | 170 | $4,928 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | — | — | — | — | — | 25 | $725 |
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 | 9 | 12,617,327 | — | $366M |
| 2025-Q4 | 8 | 8,999,060 | — | $266M |
| 2025-Q3 | 4 | 1,984,600 | — | $58M |
| 2025-Q2 | 5 | 1,208,693 | — | $32M |
| 2025-Q1 | 1 | 398,247 | — | $10M |
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 | |
|---|---|---|---|
| PRINCIPAL SECURITIES, INC. | +1,879,888 | $54M | ADD |
| ENVESTNET ASSET MANAGEMENT INC | +1,854,428 | $54M | ADD |
| MORGAN STANLEY | +59,828 | $2M | ADD |
| JANE STREET GROUP, LLC | +20,528 | $595,107 | ADD |
| Pinnacle Bancorp, Inc. | +170 | $4,928 | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| PRINCIPAL FINANCIAL GROUP INC | −196,431 | $6M | TRIM |
| JPMORGAN CHASE & CO | −119 | $3,450 | CLOSE |
| Simplicity Wealth,LLC | −50 | $1,450 | — |
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).
