% of shares outstanding is not shown for NSEP: 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 NSEP 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 |
|---|---|---|---|---|---|---|---|
| COMMONWEALTH EQUITY SERVICES, LLC | 14K | 16K | 20K | 79K | 60K | 59K | $2M |
| Kestra Advisory Services, LLC | 33K | 29K | 32K | 46K | 46K | 46K | $1M |
| Cetera Investment Advisers | 15K | 19K | 15K | 32K | 32K | 42K | $1M |
| TRUIST FINANCIAL CORP | 22K | 24K | 24K | 37K | 38K | 38K | $1M |
| Southland Equity Partners LLC | — | — | — | 34K | 34K | 34K | $972,873 |
| ENVESTNET ASSET MANAGEMENT INC | 11K | 12K | 12K | 19K | 30K | 30K | $851,429 |
| Cornerstone Wealth, LLC/TN | — | — | — | — | — | 25K | $751,820 |
| Cambridge Investment Research Advisors, Inc. | 20K | 20K | 19K | 22K | 26K | 25K | $712,000 |
| OSAIC HOLDINGS, INC. | 9K | 12K | 11K | 24K | 29K | 23K | $667,663 |
| Diligent Investors, LLC | 21K | 18K | 12K | 23K | 23K | 23K | $666,849 |
| CORRADO ADVISORS, LLC | 20K | 20K | 11K | 22K | 22K | 22K | $618,197 |
| AE Wealth Management LLC | 13K | 13K | 13K | 15K | 20K | 20K | $583,310 |
| CreativeOne Wealth, LLC | — | — | — | 22K | 22K | 19K | $552,647 |
| RAYMOND JAMES FINANCIAL INC | — | — | 4K | 21K | 19K | 19K | $550,463 |
| Phoenix Financial Ltd. | — | — | — | 36K | 18K | 18K | $514,351 |
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 | 43 | 625,345 | — | $18M |
| 2025-Q4 | 45 | 1,011,119 | — | $29M |
| 2025-Q3 | 43 | 1,701,512 | — | $49M |
| 2025-Q2 | 25 | 669,135 | — | $18M |
| 2025-Q1 | 25 | 699,522 | — | $17M |
| 2024-Q4 | 28 | 1,083,979 | — | $28M |
| 2024-Q3 | 23 | 406,637 | — | $10M |
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 | |
|---|---|---|---|
| Cornerstone Wealth, LLC/TN | +24,735 | $710,810 | OPEN |
| Cetera Investment Advisers | +9,581 | $275,329 | ADD |
| UBS Group AG | +2,936 | $84,372 | ADD |
| Focus Financial Network, Inc. | +715 | $20,547 | ADD |
| AE Wealth Management LLC | +592 | $17,012 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Encompass More Asset Management | −339,431 | $10M | CLOSE |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | −22,562 | $648,364 | TRIM |
| OLD MISSION CAPITAL LLC | −17,082 | $490,885 | TRIM |
| Tradition Wealth Management, LLC | −9,098 | $261,449 | CLOSE |
| INTEGRITY ALLIANCE, LLC. | −8,339 | $239,638 | 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).
