% of shares outstanding is not shown for MFM: 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 MFM 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 | Pathstone Holdings, LLC | 4,825,8454.8M | $26M | — | ADD 4% |
| 2 | BANK OF AMERICA CORP /DE/ | 1,605,6681.6M | $9M | — | — |
| 3 | UBS Group AG | 1,274,7241.3M | $7M | — | ADD 9% |
| 4 | Advisors Asset Management, Inc. | 1,272,8971.3M | $7M | — | ADD 13% |
| 5 | RIVERNORTH CAPITAL MANAGEMENT, LLC | 908,050908,050 | $5M | — | ADD 12% |
| 6 | GUGGENHEIM CAPITAL LLC | 832,399832,399 | $4M | — | TRIM -9% |
| 7 | Hennion & Walsh Asset Management, Inc. | 799,759799,759 | $4M | — | ADD 18% |
| 8 | Invesco Ltd. | 454,328454,328 | $2M | — | TRIM -5% |
| 9 | VAN ECK ASSOCIATES CORP | 391,640391,640 | $2M | — | ADD 13% |
| 10 | MACKAY SHIELDS LLC | 333,155333,155 | $2M | — | — |
| 11 | Logan Stone Capital, LLC | 330,893330,893 | $2M | — | TRIM -25% |
| 12 | Closed-End Fund Advisors, Inc. | 275,256275,256 | $1M | — | ADD 4% |
| 13 | Saba Capital Management, L.P. | 265,800265,800 | $1M | — | — |
| 14 | ENVESTNET ASSET MANAGEMENT INC | 261,016261,016 | $1M | — | ADD 8% |
| 15 | RAYMOND JAMES FINANCIAL INC | 209,292209,292 | $1M | — | — |
| 16 | BALANCED WEALTH GROUP LLC | 195,055195,055 | $1M | — | ADD 3% |
| 17 | MORGAN STANLEY | 194,883194,883 | $1M | — | ADD 10% |
| 18 | RIVERBRIDGE PARTNERS LLC | 181,261181,261 | $976,994 | — | ADD 11% |
| 19 | ROBINSON CAPITAL MANAGEMENT, LLC | 179,173179,173 | $963,951 | — | ADD 11% |
| 20 | OSAIC HOLDINGS, INC. | 172,460172,460 | $929,555 | — | ADD 270% |
| 21 | COHEN & STEERS, INC. | 170,000170,000 | $916,000 | — | — |
| 22 | Bank of New York Mellon Corp | 163,986163,986 | $883,884 | — | — |
| 23 | MELFA WEALTH MANAGEMENT, INC. | 151,674151,674 | $817,524 | — | — |
| 24 | Private Advisor Group, LLC | 151,588151,588 | $817,060 | — | — |
| 25 | Rockefeller Capital Management L.P. | 130,236130,236 | $701,972 | — | TRIM -16% |
| 26 | Bridgewater Advisors Inc. | 127,250127,250 | $696,058 | — | — |
| 27 | ROYAL BANK OF CANADA | 128,209128,209 | $691,000 | — | ADD 23% |
| 28 | WHITEBOX ADVISORS LLC | 125,000125,000 | $673,750 | — | — |
| 29 | Creative Planning | 116,072116,072 | $625,628 | — | TRIM -7% |
| 30 | LPL Financial LLC | 110,580110,580 | $596,026 | — | TRIM -57% |
| 31 | Capital Investment Advisors, LLC | 106,751106,751 | $575,388 | — | — |
| 32 | Cambridge Investment Research Advisors, Inc. | 106,335106,335 | $573,000 | — | TRIM -10% |
| 33 | AMERIPRISE FINANCIAL INC | 100,887100,887 | $543,779 | — | ADD 10% |
| 34 | WELLS FARGO & COMPANY/MN | 100,346100,346 | $540,866 | — | — |
| 35 | Tyche Wealth Partners LLC | 77,26377,263 | $416,448 | — | TRIM -3% |
| 36 | Catalina Capital Group, LLC | 70,12570,125 | $377,974 | — | — |
| 37 | Thomas J. Herzfeld Advisors, Inc. | 61,83761,837 | $333,301 | — | TRIM -55% |
| 38 | Summit Financial, LLC | 56,13756,137 | $302,578 | — | — |
| 39 | ROTHSCHILD INVESTMENT LLC | 53,00053,000 | $285,670 | — | — |
| 40 | Steward Partners Investment Advisory, LLC | 50,85550,855 | $274,108 | — | TRIM -9% |
| 41 | Aviance Capital Partners, LLC | 47,46647,466 | $255,839 | — | ADD 2% |
| 42 | Ackerman Capital Advisors, LLC | 45,15645,156 | $243,391 | — | ADD 29% |
| 43 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 43,86343,863 | $236,422 | — | — |
| 44 | Equitable Holdings, Inc. | 40,81240,812 | $221,609 | — | — |
| 45 | MML INVESTORS SERVICES, LLC | 40,51940,519 | $218,398 | — | TRIM -13% |
| 46 | BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 38,57138,571 | $207,898 | — | — |
| 47 | Cetera Investment Advisers | 34,30334,303 | $184,892 | — | ADD 22% |
| 48 | &PARTNERS | 33,80633,806 | $182,217 | — | ADD 22% |
| 49 | NewEdge Advisors, LLC | 157,811157,811 | $157,811 | — | ADD 12% |
| 50 | Matisse Capital | 27,41227,412 | $147,751 | — | TRIM -48% |
| 51 | Wealthcare Advisory Partners LLC | 27,23027,230 | $146,770 | — | — |
| 52 | Baird Financial Group, Inc. | 24,51924,519 | $132,157 | — | ADD 4% |
| 53 | Chicago Partners Investment Group LLC | 22,22422,224 | $120,456 | — | — |
| 54 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 21,51821,518 | $115,982 | — | TRIM -22% |
| 55 | INTEGRATED CAPITAL MANAGEMENT, INC. | 21,43221,432 | $115,517 | — | TRIM -11% |
| 56 | Waverly Advisors, LLC | 21,31821,318 | $114,901 | — | — |
| 57 | Corient Private Wealth LLC | 20,51320,513 | $110,565 | — | TRIM -50% |
| 58 | HighTower Advisors, LLC | 20,01720,017 | $107,892 | — | TRIM -38% |
| 59 | Compound Planning, Inc. | 19,59519,595 | $105,619 | — | — |
| 60 | Integrated Wealth Concepts LLC | 16,38916,389 | $88,337 | — | ADD 4% |
| 61 | Activest Wealth Management | 14,81614,816 | $79,858 | — | — |
| 62 | World Investment Advisors | 14,46214,462 | $77,951 | — | — |
| 63 | Mariner, LLC | 11,96511,965 | $64,491 | — | — |
| 64 | Sanctuary Advisors, LLC | 11,57811,578 | $62,405 | — | — |
| 65 | AMARILLO NATIONAL BANK | 11,50211,502 | $61,996 | — | — |
| 66 | HRT FINANCIAL LP | 10,81210,812 | $58,000 | — | NEW |
| 67 | XTX Topco Ltd | 10,73110,731 | $57,840 | — | NEW |
| 68 | SILVERLAKE WEALTH MANAGEMENT LLC | 10,34710,347 | $55,770 | — | — |
| 69 | Commonwealth Financial Services, LLC | 10,00010,000 | $53,900 | — | — |
| 70 | NWF Advisory Services Inc. | 10,00010,000 | $53,900 | — | — |
| 71 | IFP Advisors, Inc | 8,0108,010 | $43,174 | — | — |
| 72 | Colonial Trust Advisors | 5,4145,414 | $29,181 | — | — |
| 73 | WOLVERINE ASSET MANAGEMENT LLC | 4,4034,403 | $23,732 | — | NEW |
| 74 | HM PAYSON & CO | 2,7632,763 | $14,893 | — | NEW |
| 75 | US BANCORP \DE\ | 2,0802,080 | $11,211 | — | — |
| 76 | HARBOUR INVESTMENTS, INC. | 1,3081,308 | $7,050 | — | NEW |
| 77 | Allworth Financial LP | 727727 | $3,919 | — | NEW |
| 78 | MAI Capital Management | 700700 | $3,773 | — | — |
| 79 | Anchor Investment Management, LLC | 650650 | $3,504 | — | — |
| 80 | EASTERN BANK | 500500 | $2,695 | — | — |
| 81 | Bank of New Hampshire | 500500 | $2,695 | — | — |
| 82 | Western Wealth Management, LLC | 445445 | $2,399 | — | NEW |
| 83 | Advisory Services Network, LLC | 335335 | $1,806 | — | NEW |
| 84 | Arax Advisory Partners | 8383 | $146 | — | ADD 207% |
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 |
|---|---|---|---|---|---|---|---|
| Pathstone Holdings, LLC | 1.8M | 2.1M | 2.7M | 3.9M | 4.6M | 4.8M | $26M |
| BANK OF AMERICA CORP /DE/ | 1.9M | 1.9M | 1.8M | 1.7M | 1.6M | 1.6M | $9M |
| UBS Group AG | 1.2M | 1.1M | 1.1M | 1.1M | 1.2M | 1.3M | $7M |
| Advisors Asset Management, Inc. | 875K | 766K | 873K | 886K | 1.1M | 1.3M | $7M |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | 94K | 621K | 387K | 398K | 811K | 908K | $5M |
| GUGGENHEIM CAPITAL LLC | 655K | 872K | 967K | 944K | 919K | 832K | $4M |
| Hennion & Walsh Asset Management, Inc. | 878K | 871K | 811K | 519K | 675K | 800K | $4M |
| Invesco Ltd. | 239K | 320K | 423K | 444K | 478K | 454K | $2M |
| VAN ECK ASSOCIATES CORP | 346K | 285K | 285K | 306K | 346K | 392K | $2M |
| MACKAY SHIELDS LLC | 333K | 333K | 333K | 433K | 340K | 333K | $2M |
| Logan Stone Capital, LLC | 402K | 405K | 492K | 508K | 439K | 331K | $2M |
| Closed-End Fund Advisors, Inc. | — | — | — | — | 266K | 275K | $1M |
| Saba Capital Management, L.P. | 684K | 684K | 1.0M | 919K | 266K | 266K | $1M |
| ENVESTNET ASSET MANAGEMENT INC | 536K | 639K | 551K | 244K | 241K | 261K | $1M |
| RAYMOND JAMES FINANCIAL INC | 186K | 189K | 198K | 198K | 210K | 209K | $1M |
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 | |
|---|---|---|---|
| Pathstone Holdings, LLC | +179,776 | $968,993 | ADD |
| Advisors Asset Management, Inc. | +141,795 | $764,275 | ADD |
| OSAIC HOLDINGS, INC. | +125,861 | $678,391 | ADD |
| Hennion & Walsh Asset Management, Inc. | +124,715 | $672,214 | ADD |
| UBS Group AG | +109,335 | $589,316 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Janney Montgomery Scott LLC | −712,453 | $4M | CLOSE |
| LPL Financial LLC | −144,157 | $777,006 | TRIM |
| Almitas Capital LLC | −134,361 | $724,206 | CLOSE |
| Logan Stone Capital, LLC | −108,553 | $585,101 | TRIM |
| GUGGENHEIM CAPITAL LLC | −86,375 | $465,561 | 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).
| Quarter | Holders | Shares held | % shares out | Value held |
|---|---|---|---|---|
| 2026-Q1 | 84 | 17,990,290 | — | $96M |
| 2025-Q4 | 92 | 18,576,188 | — | $101M |
| 2025-Q3 | 87 | 17,302,917 | — | $92M |
| 2025-Q2 | 87 | 17,275,484 | — | $89M |
| 2025-Q1 | 85 | 16,121,118 | — | $86M |
| 2024-Q4 | 84 | 15,299,510 | — | $82M |
| 2024-Q3 | 77 | 14,055,286 | — | $80M |
| 2024-Q2 | 80 | 13,675,481 | — | $75M |
| 2024-Q1 | 79 | 13,553,779 | — | $73M |
| 2023-Q4 | 82 | 13,561,268 | — | $70M |
| 2023-Q3 | 74 | 12,173,475 | — | $55M |
| 2023-Q2 | 69 | 11,316,282 | — | $58M |
| 2023-Q1 | 69 | 11,056,489 | — | $59M |
| 2022-Q4 | 77 | 10,391,512 | — | $54M |
| 2022-Q3 | 72 | 9,081,088 | — | $44M |
| 2022-Q2 | 77 | 9,118,719 | — | $50M |
| 2022-Q1 | 70 | 8,550,569 | — | $52M |
| 2021-Q4 | 71 | 7,568,641 | — | $53M |
| 2021-Q3 | 70 | 7,456,188 | — | $52M |
| 2021-Q2 | 70 | 7,358,557 | — | $53M |
| 2021-Q1 | 72 | 7,109,051 | — | $49M |
| 2020-Q4 | 69 | 6,436,859 | — | $43M |
| 2020-Q3 | 71 | 6,161,030 | — | $40M |
| 2020-Q2 | 69 | 6,300,688 | — | $39M |
| 2020-Q1 | 70 | 5,264,496 | — | $34M |
| 2019-Q4 | 66 | 5,532,847 | — | $39M |
| 2019-Q3 | 67 | 5,354,343 | — | $38M |
| 2019-Q2 | 62 | 5,289,585 | — | $37M |
| 2019-Q1 | 62 | 5,576,533 | — | $39M |
| 2018-Q4 | 67 | 5,264,104 | — | $32M |
| 2018-Q3 | 63 | 4,911,133 | — | $32M |
| 2018-Q2 | 61 | 4,829,397 | — | $32M |
| 2018-Q1 | 52 | 4,771,245 | — | $31M |
| 2017-Q4 | 57 | 5,236,269 | — | $36M |
| 2017-Q3 | 48 | 4,684,898 | — | $34M |
| 2017-Q2 | 43 | 4,449,591 | — | $32M |
| 2017-Q1 | 49 | 4,626,248 | — | $32M |
| 2016-Q4 | 49 | 4,417,528 | — | $29M |
| 2016-Q3 | 37 | 3,894,755 | — | $29M |
| 2016-Q2 | 38 | 3,824,861 | — | $29M |
| 2016-Q1 | 38 | 3,268,841 | — | $23M |
| 2015-Q4 | 42 | 3,270,451 | — | $22M |
| 2015-Q3 | 41 | 3,394,471 | — | $22M |
| 2015-Q2 | 36 | 3,272,248 | — | $21M |
| 2015-Q1 | 38 | 3,085,579 | — | $21M |
| 2014-Q4 | 46 | 2,764,331 | — | $18M |
| 2014-Q3 | 38 | 2,088,301 | — | $14M |
| 2014-Q2 | 36 | 1,883,058 | — | $12M |
| 2014-Q1 | 37 | 1,850,482 | — | $12M |
| 2013-Q4 | 38 | 1,818,235 | — | $11M |
| 2013-Q3 | 46 | 1,615,716 | — | $10M |
| 2013-Q2 | 38 | 1,701,568 | — | $12M |
| 2013-Q1 | 1 | 10,000 | — | $77,000 |
