% of shares outstanding is not shown for LSAT: 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 LSAT 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 |
|---|---|---|---|---|---|---|---|
| Redwood Investment Management, LLC | 1.1M | 1.0M | 990K | 835K | 832K | 625K | $25M |
| LPL Financial LLC | 623K | 580K | 554K | 510K | 436K | 401K | $16M |
| Cetera Investment Advisers | 66K | 90K | 107K | 116K | 126K | 63K | $2M |
| OLD MISSION CAPITAL LLC | — | — | — | — | 19K | 50K | $2M |
| Private Advisor Group, LLC | 112K | 115K | 73K | 51K | 42K | 37K | $1M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 6K | 8K | — | — | 18K | 24K | $941,833 |
| IHT Wealth Management, LLC | 38K | 38K | 22K | 19K | 19K | 19K | $747,722 |
| GREAT VALLEY ADVISOR GROUP, INC. | 21K | 19K | 19K | 17K | 16K | 18K | $722,483 |
| Cambridge Investment Research Advisors, Inc. | 31K | 27K | 26K | 27K | 11K | 11K | $431,000 |
| Spire Wealth Management | 138K | 135K | 89K | 81K | 32K | 7K | $257,279 |
| VestGen Advisors, LLC | — | — | — | — | — | 6K | $248,265 |
| UBS Group AG | 17K | 19K | 37K | 38K | 859 | 1K | $56,154 |
| HARBOUR INVESTMENTS, INC. | 8K | 8K | 8K | 5K | 2K | 1K | $48,154 |
| OSAIC HOLDINGS, INC. | 326 | 326 | 326 | 326 | 327 | 462 | $18,240 |
| Allworth Financial LP | — | — | — | — | — | 423 | $16,669 |
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 | |
|---|---|---|---|
| OLD MISSION CAPITAL LLC | +31,076 | $1M | ADD |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | +6,308 | $248,571 | ADD |
| VestGen Advisors, LLC | +5,826 | $229,577 | OPEN |
| GREAT VALLEY ADVISOR GROUP, INC. | +2,752 | $108,444 | ADD |
| UBS Group AG | +566 | $22,304 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Redwood Investment Management, LLC | −206,658 | $8M | TRIM |
| Cetera Investment Advisers | −62,350 | $2M | TRIM |
| LPL Financial LLC | −34,884 | $1M | TRIM |
| Spire Wealth Management | −25,711 | $1M | TRIM |
| Gladstone Institutional Advisory LLC | −15,394 | $606,610 | 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 | 20 | 1,265,326 | — | $50M |
| 2025-Q4 | 25 | 1,593,885 | — | $62M |
| 2025-Q3 | 24 | 1,861,273 | — | $77M |
| 2025-Q2 | 29 | 2,202,835 | — | $87M |
| 2025-Q1 | 32 | 2,403,835 | — | $96M |
| 2024-Q4 | 32 | 2,568,420 | — | $103M |
| 2024-Q3 | 32 | 2,835,027 | — | $118M |
| 2024-Q2 | 30 | 3,407,607 | — | $130M |
| 2024-Q1 | 24 | 3,169,297 | — | $123M |
| 2023-Q4 | 25 | 3,709,901 | — | $128M |
| 2023-Q3 | 28 | 5,221,902 | — | $175M |
| 2023-Q2 | 28 | 4,727,613 | — | $158M |
| 2023-Q1 | 29 | 4,543,654 | — | $144M |
| 2022-Q4 | 26 | 3,721,747 | — | $112M |
| 2022-Q3 | 24 | 3,458,568 | — | $111M |
| 2022-Q2 | 18 | 2,979,517 | — | $88M |
| 2022-Q1 | 23 | 2,832,748 | — | $98M |
| 2021-Q4 | 15 | 2,372,865 | — | $84M |
| 2021-Q3 | 13 | 2,239,350 | — | $77M |
| 2021-Q2 | 11 | 1,959,487 | — | $68M |
| 2021-Q1 | 9 | 1,523,490 | — | $50M |
| 2020-Q4 | 7 | 3,611,235 | — | $107M |
| 2020-Q3 | 1 | 1,898 | — | $66,000 |
| 2020-Q2 | 1 | 1,898 | — | $66,000 |
| 2020-Q1 | 1 | 1,898 | — | $66,000 |
| 2019-Q4 | 1 | 1,898 | — | $66,000 |
| 2019-Q3 | 1 | 1,898 | — | $66,000 |
| 2019-Q2 | 1 | 1,898 | — | $66,000 |
| 2019-Q1 | 1 | 1,898 | — | $66,000 |
