% of shares outstanding is not shown for PAVE: 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 PAVE 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 |
|---|---|---|---|---|---|---|---|
| BANK OF AMERICA CORP /DE/ | 22.5M | 23.0M | 22.6M | 24.3M | 24.6M | 25.5M | $1.3B |
| BANK OF MONTREAL /CAN/ | 22.2M | 23.2M | 22.8M | 23.8M | 24.6M | 24.2M | $1.2B |
| MORGAN STANLEY | 9.1M | 9.5M | 9.7M | 9.9M | 10.2M | 10.7M | $542M |
| Harel Insurance Investments & Financial Services Ltd. | 6.8M | 6.8M | 4.5M | 4.5M | 6.2M | 8.9M | $454M |
| LPL Financial LLC | 6.8M | 6.9M | 7.0M | 7.3M | 7.6M | 8.7M | $441M |
| JPMORGAN CHASE & CO | 5.6M | 921K | 3.5M | 7.3M | 4.7M | 6.4M | $315M |
| ENVESTNET ASSET MANAGEMENT INC | 1.4M | 1.6M | 2.0M | 2.1M | 2.9M | 4.1M | $208M |
| CIBC Bancorp USA Inc. | — | — | — | — | — | 3.9M | $200M |
| WELLS FARGO & COMPANY/MN | 3.0M | 3.3M | 3.1M | 3.0M | 3.0M | 3.3M | $167M |
| Kestra Investment Management, LLC | 1K | — | — | — | 674K | 2.7M | $137M |
| UBS Group AG | 2.3M | 2.1M | 2.1M | 2.2M | 2.1M | 2.5M | $125M |
| OSAIC HOLDINGS, INC. | 935K | 793K | 858K | 2.3M | 2.2M | 2.0M | $102M |
| WADDELL & ASSOCIATES, LLC | — | — | 1.8M | 1.9M | 1.9M | 2.0M | $100M |
| Clal Insurance Enterprises Holdings Ltd | 7.4M | 2.5M | 2.5M | 2.5M | 1.9M | 1.9M | $95M |
| Moss Adams Wealth Advisors LLC | 976K | 1.0M | 1.0M | 1.1M | 1.8M | 1.8M | $92M |
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 | |
|---|---|---|---|
| CIBC Bancorp USA Inc. | +3,935,893 | $200M | OPEN |
| Harel Insurance Investments & Financial Services Ltd. | +2,699,000 | $137M | ADD |
| Kestra Investment Management, LLC | +2,021,518 | $103M | ADD |
| JPMORGAN CHASE & CO | +1,674,280 | $85M | ADD |
| ENVESTNET ASSET MANAGEMENT INC | +1,172,678 | $60M | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| CIBC Private Wealth Group LLC | −3,652,125 | $186M | CLOSE |
| First Interstate Bank | −449,547 | $23M | TRIM |
| BANK OF MONTREAL /CAN/ | −433,535 | $22M | — |
| MERCER GLOBAL ADVISORS INC /ADV | −305,616 | $16M | TRIM |
| Stonebridge Financial Group, LLC | −288,058 | $15M | 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 | 724 | 162,107,792 | — | $8.2B |
| 2025-Q4 | 676 | 148,453,029 | — | $7.1B |
| 2025-Q3 | 618 | 141,334,353 | — | $6.7B |
| 2025-Q2 | 604 | 135,913,143 | — | $5.9B |
| 2025-Q1 | 581 | 139,630,569 | — | $5.3B |
| 2024-Q4 | 591 | 146,124,927 | — | $5.9B |
| 2024-Q3 | 545 | 135,251,556 | — | $5.6B |
| 2024-Q2 | 524 | 130,509,181 | — | $4.8B |
| 2024-Q1 | 520 | 131,545,996 | — | $5.2B |
| 2023-Q4 | 483 | 110,839,098 | — | $3.8B |
| 2023-Q3 | 437 | 103,012,172 | — | $3.1B |
| 2023-Q2 | 417 | 93,732,787 | — | $2.9B |
| 2023-Q1 | 407 | 80,378,209 | — | $2.3B |
| 2022-Q4 | 394 | 70,152,226 | — | $1.8B |
| 2022-Q3 | 377 | 70,994,843 | — | $1.6B |
| 2022-Q2 | 394 | 82,595,496 | — | $1.9B |
| 2022-Q1 | 448 | 100,067,111 | — | $2.8B |
| 2021-Q4 | 436 | 98,713,581 | — | $2.8B |
| 2021-Q3 | 378 | 81,089,265 | — | $2.1B |
| 2021-Q2 | 349 | 62,131,218 | — | $1.6B |
| 2021-Q1 | 260 | 46,822,709 | — | $1.2B |
| 2020-Q4 | 123 | 20,191,558 | — | $431M |
| 2020-Q3 | 57 | 6,864,054 | — | $117M |
| 2020-Q2 | 53 | 5,481,132 | — | $85M |
| 2020-Q1 | 44 | 1,441,647 | — | $18M |
| 2019-Q4 | 44 | 4,582,181 | — | $82M |
| 2019-Q3 | 43 | 4,645,696 | — | $76M |
| 2019-Q2 | 38 | 4,534,272 | — | $75M |
| 2019-Q1 | 41 | 4,367,084 | — | $69M |
| 2018-Q4 | 43 | 4,439,827 | — | $60M |
| 2018-Q3 | 31 | 2,746,762 | — | $48M |
| 2018-Q2 | 31 | 2,411,905 | — | $42M |
| 2018-Q1 | 24 | 1,719,019 | — | $28M |
| 2017-Q4 | 11 | 277,005 | — | $5M |
| 2017-Q3 | 9 | 183,273 | — | $3M |
| 2017-Q2 | 9 | 263,633 | — | $4M |
| 2017-Q1 | 4 | 66,031 | — | $976,000 |
