% of shares outstanding is not shown for LFSC: 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 LFSC 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 | EMERALD MUTUAL FUND ADVISERS TRUST | 1,997,0352.0M | $70M | — | — |
| 2 | SBE LLC DBA CEDAR COVE WEALTH PARTNERS | 69,99469,994 | $2M | — | NEW |
| 3 | HUNTER ASSOCIATES INVESTMENT MANAGEMENT LLC | 49,73949,739 | $2M | — | ADD 8% |
| 4 | Atria Investments, Inc | 22,34522,345 | $781,778 | — | NEW |
| 5 | Tidal Investments LLC | 19,95819,958 | $698,265 | — | ADD 17% |
| 6 | Advisory Services Network, LLC | 100100 | $3,499 | — | NEW |
| 7 | UBS Group AG | 2121 | $735 | — | TRIM -94% |
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 |
|---|---|---|---|---|---|---|---|
| EMERALD MUTUAL FUND ADVISERS TRUST | 2.0M | — | 2.0M | 2.0M | 2.0M | 2.0M | $70M |
| SBE LLC DBA CEDAR COVE WEALTH PARTNERS | — | — | — | — | — | 70K | $2M |
| HUNTER ASSOCIATES INVESTMENT MANAGEMENT LLC | 25K | 37K | 41K | 41K | 46K | 50K | $2M |
| Atria Investments, Inc | — | — | — | — | — | 22K | $781,778 |
| Tidal Investments LLC | — | — | — | — | 17K | 20K | $698,265 |
| Advisory Services Network, LLC | — | — | — | 100 | — | 100 | $3,499 |
| UBS Group AG | — | 8 | 853 | — | 345 | 21 | $735 |
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 | 7 | 2,159,192 | — | $76M |
| 2025-Q4 | 7 | 2,339,299 | — | $86M |
| 2025-Q3 | 3 | 2,037,731 | — | $61M |
| 2025-Q2 | 3 | 2,038,628 | — | $50M |
| 2025-Q1 | 4 | 51,114 | — | $1M |
| 2024-Q4 | 2 | 2,022,345 | — | $47M |
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 | |
|---|---|---|---|
| SBE LLC DBA CEDAR COVE WEALTH PARTNERS | +69,994 | $2M | OPEN |
| Atria Investments, Inc | +22,345 | $781,785 | OPEN |
| HUNTER ASSOCIATES INVESTMENT MANAGEMENT LLC | +3,831 | $134,035 | ADD |
| Tidal Investments LLC | +2,954 | $103,352 | ADD |
| Advisory Services Network, LLC | +100 | $3,499 | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | −253,148 | $9M | CLOSE |
| MML INVESTORS SERVICES, LLC | −13,592 | $475,543 | CLOSE |
| ENVESTNET ASSET MANAGEMENT INC | −12,267 | $429,186 | CLOSE |
| UBS Group AG | −324 | $11,336 | 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).
