% of shares outstanding is not shown for LMBS: 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 LMBS 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 | MORGAN STANLEY | 15,352,82615.4M | $765M | — | ADD 8% |
| 2 | LPL Financial LLC | 12,336,80612.3M | $614M | — | ADD 7% |
| 3 | WELLS FARGO & COMPANY/MN | 5,782,9145.8M | $288M | — | ADD 5% |
| 4 | UBS Group AG | 4,736,1954.7M | $236M | — | ADD 3% |
| 5 | RAYMOND JAMES FINANCIAL INC | 4,106,5694.1M | $205M | — | — |
| 6 | ROYAL BANK OF CANADA | 3,242,8663.2M | $162M | — | ADD 13% |
| 7 | Cetera Investment Advisers | 2,551,7272.6M | $127M | — | ADD 7% |
| 8 | BANK OF AMERICA CORP /DE/ | 2,001,5502.0M | $100M | — | ADD 12% |
| 9 | HighTower Advisors, LLC | 1,870,6251.9M | $93M | — | ADD 29% |
| 10 | FIRST TRUST ADVISORS LP | 1,520,8801.5M | $76M | — | ADD 15% |
| 11 | COMMONWEALTH EQUITY SERVICES, LLC | 1,459,7991.5M | $73M | — | ADD 24% |
| 12 | Concurrent Investment Advisors, LLC | 1,424,8401.4M | $71M | — | ADD 18% |
| 13 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 1,222,2531.2M | $61M | — | ADD 17% |
| 14 | Berger Financial Group, Inc | 1,127,6891.1M | $56M | — | ADD 7% |
| 15 | Clearwater Capital Advisors, LLC | 909,130909,130 | $45M | — | ADD 7% |
| 16 | Harvest Investment Services, LLC | 895,651895,651 | $45M | — | ADD 21% |
| 17 | ENVESTNET ASSET MANAGEMENT INC | 882,346882,346 | $44M | — | ADD 8% |
| 18 | Csenge Advisory Group | 833,477833,477 | $42M | — | — |
| 19 | Cambridge Investment Research Advisors, Inc. | 740,868740,868 | $37M | — | ADD 33% |
| 20 | HARBOUR INVESTMENTS, INC. | 730,620730,620 | $36M | — | ADD 38% |
| 21 | STIFEL FINANCIAL CORP | 706,891706,891 | $35M | — | TRIM -4% |
| 22 | OSAIC HOLDINGS, INC. | 692,483692,483 | $35M | — | ADD 3% |
| 23 | ASSETMARK, INC | 657,287657,287 | $33M | — | ADD 8% |
| 24 | JONES FINANCIAL COMPANIES LLLP | 643,464643,464 | $32M | — | ADD 68% |
| 25 | Aaron Wealth Advisors LLC | 610,228610,228 | $30M | — | ADD 33% |
| 26 | Private Advisor Group, LLC | 584,447584,447 | $29M | — | ADD 7% |
| 27 | Trilogy Capital Inc. | 558,041558,041 | $28M | — | ADD 14% |
| 28 | Prospera Financial Services Inc | 536,683536,683 | $27M | — | ADD 23% |
| 29 | Heck Capital Advisors, LLC | 528,378528,378 | $26M | — | — |
| 30 | Baird Financial Group, Inc. | 514,944514,944 | $26M | — | TRIM -7% |
| 31 | CWM, LLC | 483,115483,115 | $24M | — | ADD 24% |
| 32 | Brookstone Capital Management | 452,617452,617 | $23M | — | — |
| 33 | Integrated Wealth Concepts LLC | 447,057447,057 | $22M | — | ADD 39% |
| 34 | SEARCY FINANCIAL SERVICES INC /ADV | 437,090437,090 | $22M | — | ADD 4% |
| 35 | Cerity Partners LLC | 435,659435,659 | $22M | — | — |
| 36 | Walkner Condon Financial Advisors LLC | 434,819434,819 | $22M | — | ADD 3% |
| 37 | Vestmark Advisory Solutions, Inc. | 416,967416,967 | $21M | — | TRIM -26% |
| 38 | KESTRA PRIVATE WEALTH SERVICES, LLC | 405,775405,775 | $20M | — | ADD 8% |
| 39 | &PARTNERS | 397,684397,684 | $20M | — | — |
| 40 | INSPIRION WEALTH ADVISORS, LLC | 395,648395,648 | $20M | — | TRIM -3% |
| 41 | London & Capital Asset Management Ltd | 379,432379,432 | $19M | — | ADD 5% |
| 42 | Independent Advisor Alliance | 374,703374,703 | $19M | — | ADD 246% |
| 43 | Carrera Capital Advisors | 354,019354,019 | $18M | — | ADD 87% |
| 44 | American Financial Advisors, LLC | 343,764343,764 | $17M | — | — |
| 45 | TL Private Wealth | 337,106337,106 | $17M | — | — |
| 46 | Rockefeller Capital Management L.P. | 318,440318,440 | $16M | — | — |
| 47 | Clear Creek Financial Management, LLC | 316,302316,302 | $16M | — | ADD 8% |
| 48 | Fairvoy Private Wealth, LLC | 315,355315,355 | $16M | — | ADD 6% |
| 49 | TD Capital Management LLC | 314,942314,942 | $16M | — | ADD 2% |
| 50 | Prism Advisors, Inc. | 311,459311,459 | $16M | — | — |
| 51 | Obermeyer Wealth Partners | 304,752304,752 | $15M | — | TRIM -6% |
| 52 | IFP Advisors, Inc | 295,168295,168 | $15M | — | TRIM -4% |
| 53 | Commonwealth Financial Services, LLC | 294,031294,031 | $15M | — | ADD 7162% |
| 54 | CLIFFORD SWAN INVESTMENT COUNSEL LLC | 291,821291,821 | $15M | — | TRIM -4% |
| 55 | Secure Asset Management, LLC | 278,055278,055 | $14M | — | ADD 10% |
| 56 | Weitzel Financial Services, Inc. | 263,945263,945 | $13M | — | ADD 6% |
| 57 | Kestra Advisory Services, LLC | 260,475260,475 | $13M | — | TRIM -4% |
| 58 | TRUIST FINANCIAL CORP | 258,680258,680 | $13M | — | ADD 7% |
| 59 | MERCER GLOBAL ADVISORS INC /ADV | 255,771255,771 | $13M | — | ADD 5029% |
| 60 | ADAMSBROWN WEALTH CONSULTANTS LLC | 252,406252,406 | $13M | — | ADD 13% |
| 61 | Centennial Wealth Advisory LLC | 250,985250,985 | $13M | — | ADD 90% |
| 62 | Carter Financial, LLC | 238,837238,837 | $12M | — | ADD 15% |
| 63 | Foundations Investment Advisors, LLC | 238,633238,633 | $12M | — | TRIM -2% |
| 64 | Per Stirling Capital Management, LLC. | 234,889234,889 | $12M | — | ADD 39% |
| 65 | Geneos Wealth Management Inc. | 234,206234,206 | $12M | — | ADD 18% |
| 66 | NewEdge Advisors, LLC | 165,028165,028 | $11M | — | TRIM -49% |
| 67 | Redhawk Wealth Advisors, Inc. | 227,836227,836 | $11M | — | ADD 11% |
| 68 | PFS Partners, LLC | 224,890224,890 | $11M | — | ADD 2% |
| 69 | MML INVESTORS SERVICES, LLC | 217,225217,225 | $11M | — | TRIM -4% |
| 70 | Grove Bank & Trust | 208,437208,437 | $10M | — | ADD 6% |
| 71 | WESBANCO BANK INC | 206,776206,776 | $10M | — | ADD 49% |
| 72 | Ameritas Investment Partners, Inc. | 203,666203,666 | $10M | — | ADD 3% |
| 73 | FIFTH THIRD BANCORP | 196,111196,111 | $10M | — | NEW |
| 74 | BELLEVUE ASSET MANAGEMENT, LLC | 193,738193,738 | $10M | — | — |
| 75 | Wealth Enhancement Trust Services, Inc. | 190,090190,090 | $9M | — | ADD 9% |
| 76 | CITIGROUP INC | 189,086189,086 | $9M | — | ADD 25% |
| 77 | ELEVATION POINT WEALTH PARTNERS, LLC | 187,009187,009 | $9M | — | TRIM -44% |
| 78 | Darwin Wealth Management, LLC | 186,130186,130 | $9M | — | ADD 7% |
| 79 | Farther Finance Advisors, LLC | 184,855184,855 | $9M | — | ADD 57% |
| 80 | LexAurum Advisors, LLC | 184,095184,095 | $9M | — | NEW |
| 81 | Janney Montgomery Scott LLC | 182,012182,012 | $9M | — | ADD 5% |
| 82 | Ashton Thomas Private Wealth, LLC | 178,790178,790 | $9M | — | ADD 7% |
| 83 | D.A. DAVIDSON & CO. | 177,725177,725 | $9M | — | ADD 29% |
| 84 | TCP Asset Management, LLC | 172,500172,500 | $9M | — | ADD 3% |
| 85 | Mutual Advisors, LLC | 169,216169,216 | $8M | — | ADD 11% |
| 86 | STEPHENS INC /AR/ | 162,743162,743 | $8M | — | TRIM -55% |
| 87 | Mainsail Financial Group, LLC | 154,233154,233 | $8M | — | ADD 6% |
| 88 | Gateway Wealth Partners, LLC | 152,991152,991 | $8M | — | ADD 83% |
| 89 | MRA Advisory Group | 145,652145,652 | $7M | — | TRIM -37% |
| 90 | EdgeRock Capital LLC | 144,182144,182 | $7M | — | — |
| 91 | IMA Advisory Services, Inc. | 142,243142,243 | $7M | — | ADD 2% |
| 92 | Fairway Financial, LLC | 142,132142,132 | $7M | — | — |
| 93 | OPPENHEIMER & CO INC | 142,060142,060 | $7M | — | ADD 47% |
| 94 | MGO ONE SEVEN LLC | 140,622140,622 | $7M | — | ADD 16% |
| 95 | Triumph Capital Management | 140,247140,247 | $7M | — | ADD 3% |
| 96 | RiverTree Advisors, LLC | 139,931139,931 | $7M | — | TRIM -18% |
| 97 | Lunt Capital Management, Inc. | 139,471139,471 | $7M | — | ADD 9% |
| 98 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 138,702138,702 | $7M | — | ADD 217% |
| 99 | Envestnet Portfolio Solutions, Inc. | 137,701137,701 | $7M | — | TRIM -4% |
| 100 | Snowden Capital Advisors LLC | 131,988131,988 | $7M | — | ADD 8% |
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 | 12.1M | 12.9M | 13.4M | 13.8M | 14.2M | 15.4M | $765M |
| LPL Financial LLC | 9.3M | 9.2M | 10.5M | 11.6M | 11.5M | 12.3M | $614M |
| WELLS FARGO & COMPANY/MN | 4.9M | 5.1M | 5.2M | 5.4M | 5.5M | 5.8M | $288M |
| UBS Group AG | 4.2M | 4.1M | 5.0M | 4.6M | 4.6M | 4.7M | $236M |
| RAYMOND JAMES FINANCIAL INC | 3.1M | 3.4M | 3.6M | 3.8M | 4.1M | 4.1M | $205M |
| ROYAL BANK OF CANADA | 2.7M | 2.6M | 5.1M | 2.7M | 2.9M | 3.2M | $162M |
| Cetera Investment Advisers | 1.7M | 1.7M | 1.8M | 2.4M | 2.4M | 2.6M | $127M |
| BANK OF AMERICA CORP /DE/ | 1.2M | 1.4M | 1.6M | 1.9M | 1.8M | 2.0M | $100M |
| HighTower Advisors, LLC | 366K | 706K | 697K | 744K | 1.5M | 1.9M | $93M |
| FIRST TRUST ADVISORS LP | 1.1M | 990K | 1.1M | 1.2M | 1.3M | 1.5M | $76M |
| COMMONWEALTH EQUITY SERVICES, LLC | 823K | 996K | 946K | 1.0M | 1.2M | 1.5M | $73M |
| Concurrent Investment Advisors, LLC | 705K | 742K | 776K | 825K | 1.2M | 1.4M | $71M |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 702K | 796K | 833K | 858K | 1.0M | 1.2M | $61M |
| Berger Financial Group, Inc | 882K | 970K | 991K | 1.0M | 1.1M | 1.1M | $56M |
| Clearwater Capital Advisors, LLC | 724K | 746K | 755K | 807K | 853K | 909K | $45M |
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 | |
|---|---|---|---|
| MORGAN STANLEY | +1,202,229 | $60M | ADD |
| LPL Financial LLC | +825,743 | $41M | ADD |
| HighTower Advisors, LLC | +416,479 | $21M | ADD |
| ROYAL BANK OF CANADA | +372,725 | $19M | ADD |
| Commonwealth Financial Services, LLC | +289,982 | $14M | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| JANE STREET GROUP, LLC | −581,190 | $29M | TRIM |
| Long Run Wealth Advisors, LLC | −279,354 | $14M | CLOSE |
| Mariner, LLC | −231,930 | $12M | TRIM |
| Atria Investments, Inc | −223,847 | $11M | TRIM |
| AXXCESS WEALTH MANAGEMENT, LLC | −205,922 | $10M | 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 | 439 | 96,081,208 | — | $4.8B |
| 2025-Q4 | 430 | 90,002,233 | — | $4.5B |
| 2025-Q3 | 397 | 84,846,322 | — | $4.2B |
| 2025-Q2 | 417 | 83,638,526 | — | $4.1B |
| 2025-Q1 | 405 | 77,729,278 | — | $3.8B |
| 2024-Q4 | 413 | 74,670,287 | — | $3.6B |
| 2024-Q3 | 389 | 70,432,308 | — | $3.5B |
| 2024-Q2 | 388 | 65,956,716 | — | $3.2B |
| 2024-Q1 | 372 | 89,342,143 | — | $4.3B |
| 2023-Q4 | 378 | 75,184,970 | — | $3.6B |
| 2023-Q3 | 371 | 66,515,114 | — | $3.1B |
| 2023-Q2 | 377 | 70,995,467 | — | $3.4B |
| 2023-Q1 | 376 | 71,928,902 | — | $3.4B |
| 2022-Q4 | 377 | 72,613,974 | — | $3.4B |
| 2022-Q3 | 377 | 78,744,984 | — | $3.7B |
| 2022-Q2 | 382 | 77,871,569 | — | $3.8B |
| 2022-Q1 | 380 | 83,513,439 | — | $4.1B |
| 2021-Q4 | 378 | 90,555,034 | — | $4.5B |
| 2021-Q3 | 348 | 93,841,690 | — | $4.8B |
| 2021-Q2 | 363 | 114,258,347 | — | $5.5B |
| 2021-Q1 | 351 | 102,155,627 | — | $5.2B |
| 2020-Q4 | 356 | 93,764,196 | — | $4.8B |
| 2020-Q3 | 308 | 86,727,726 | — | $4.5B |
| 2020-Q2 | 301 | 79,727,994 | — | $4.1B |
| 2020-Q1 | 284 | 71,388,805 | — | $3.6B |
| 2019-Q4 | 268 | 51,113,231 | — | $2.7B |
| 2019-Q3 | 231 | 44,098,720 | — | $2.3B |
| 2019-Q2 | 209 | 37,268,289 | — | $1.9B |
| 2019-Q1 | 198 | 30,783,363 | — | $1.6B |
| 2018-Q4 | 169 | 24,855,165 | — | $1.3B |
| 2018-Q3 | 145 | 20,477,498 | — | $1.0B |
| 2018-Q2 | 126 | 17,534,516 | — | $864M |
| 2018-Q1 | 115 | 13,773,665 | — | $707M |
| 2017-Q4 | 106 | 10,777,999 | — | $556M |
| 2017-Q3 | 85 | 8,732,653 | — | $454M |
| 2017-Q2 | 79 | 6,533,292 | — | $340M |
| 2017-Q1 | 70 | 6,936,842 | — | $359M |
| 2016-Q4 | 50 | 5,300,840 | — | $277M |
| 2016-Q3 | 36 | 2,246,732 | — | $118M |
| 2016-Q2 | 19 | 642,378 | — | $33M |
| 2016-Q1 | 14 | 507,516 | — | $26M |
| 2015-Q4 | 9 | 131,438 | — | $7M |
| 2015-Q3 | 10 | 122,647 | — | $5M |
| 2015-Q2 | 8 | 28,697 | — | $1M |
| 2015-Q1 | 3 | 1,433 | — | $74,000 |
| 2014-Q4 | 2 | 141 | — | $8,000 |
