% of shares outstanding is not shown for NDIA: 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 NDIA 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 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 421,559421,559 | $11M | — | ADD 66% |
| 2 | Boothe Investment Group, Inc. | 416,991416,991 | $11M | — | ADD 4% |
| 3 | ROYAL BANK OF CANADA | 129,015129,015 | $3M | — | ADD 3% |
| 4 | JANE STREET GROUP, LLC | 83,46383,463 | $2M | — | ADD 631% |
| 5 | IHT Wealth Management, LLC | 61,73061,730 | $2M | — | ADD 54% |
| 6 | OLD MISSION CAPITAL LLC | 56,78356,783 | $1M | — | ADD 80% |
| 7 | Empire Financial Management Company, LLC | 51,90651,906 | $1M | — | ADD 10% |
| 8 | Clear Creek Financial Management, LLC | 51,80851,808 | $1M | — | NEW |
| 9 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 37,54837,548 | $971,817 | — | TRIM -27% |
| 10 | MORGAN STANLEY | 10,00010,000 | $258,820 | — | — |
| 11 | UBS Group AG | 279279 | $7,221 | — | ADD 1541% |
| 12 | Geneos Wealth Management Inc. | 200200 | $5,176 | — | — |
| 13 | NBC SECURITIES, INC. | 150150 | $3,882 | — | TRIM -48% |
| 14 | WELLS FARGO & COMPANY/MN | 11 | $19 | — | 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 |
|---|---|---|---|---|---|---|---|
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | — | — | 180K | 267K | 255K | 422K | $11M |
| Boothe Investment Group, Inc. | — | — | 382K | 389K | 401K | 417K | $11M |
| ROYAL BANK OF CANADA | 131K | 126K | 259K | 129K | 125K | 129K | $3M |
| JANE STREET GROUP, LLC | 32K | — | 11K | 7K | 11K | 83K | $2M |
| IHT Wealth Management, LLC | 9K | 15K | 16K | 34K | 40K | 62K | $2M |
| OLD MISSION CAPITAL LLC | 35K | 19K | — | 12K | 31K | 57K | $1M |
| Empire Financial Management Company, LLC | 8K | 32K | 43K | 46K | 47K | 52K | $1M |
| Clear Creek Financial Management, LLC | — | — | — | — | — | 52K | $1M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 37K | 10K | 25K | 14K | 52K | 38K | $971,817 |
| MORGAN STANLEY | 618 | — | — | — | 10K | 10K | $258,820 |
| UBS Group AG | 116 | — | — | 178 | 17 | 279 | $7,221 |
| Geneos Wealth Management Inc. | — | — | 400 | 400 | 200 | 200 | $5,176 |
| NBC SECURITIES, INC. | — | 462 | 462 | 290 | 290 | 150 | $3,882 |
| WELLS FARGO & COMPANY/MN | — | — | — | — | — | 1 | $19 |
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 | 14 | 1,321,433 | — | $34M |
| 2025-Q4 | 13 | 972,981 | — | $29M |
| 2025-Q3 | 13 | 898,025 | — | $26M |
| 2025-Q2 | 12 | 923,085 | — | $28M |
| 2025-Q1 | 9 | 213,910 | — | $6M |
| 2024-Q4 | 10 | 251,809 | — | $7M |
| 2024-Q3 | 5 | 195,932 | — | $6M |
| 2024-Q2 | 5 | 181,363 | — | $6M |
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 | |
|---|---|---|---|
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | +167,051 | $4M | ADD |
| JANE STREET GROUP, LLC | +72,052 | $2M | ADD |
| Clear Creek Financial Management, LLC | +51,808 | $1M | OPEN |
| OLD MISSION CAPITAL LLC | +25,297 | $654,737 | ADD |
| IHT Wealth Management, LLC | +21,700 | $561,639 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | −13,982 | $361,882 | TRIM |
| CREATIVE FINANCIAL DESIGNS INC /ADV | −233 | $6,031 | CLOSE |
| NBC SECURITIES, INC. | −140 | $3,623 | 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).
| 2024-Q1 | 4 | 156,598 | — | $5M |
| 2023-Q4 | 4 | 148,086 | — | $4M |
