% of shares outstanding is not shown for PBFR: 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 PBFR 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 |
|---|---|---|---|---|---|---|---|
| Brucke Financial, Inc. | — | — | 574K | 612K | 629K | 653K | $19M |
| Vise Technologies, Inc. | — | — | 533K | 571K | 597K | 597K | $17M |
| Apella Capital, LLC | — | — | — | — | — | 346K | $10M |
| Financial Connections Group, Inc. | 8K | 289K | 309K | 312K | 334K | 351K | $10M |
| AA Financial Advisors, LLC | — | — | — | — | 90K | 273K | $8M |
| BLVD Private Wealth, LLC | — | — | — | 112K | 152K | 195K | $6M |
| RAYMOND JAMES FINANCIAL INC | — | — | 21K | 29K | 67K | 119K | $3M |
| Tradition Wealth Management, LLC | — | — | — | — | — | 91K | $3M |
| OneDigital Investment Advisors LLC | — | — | — | — | 13K | 83K | $2M |
| Cetera Investment Advisers | 49K | 45K | 41K | 51K | 56K | 61K | $2M |
| AssuredPartners Investment Advisors, LLC | — | — | — | 11K | 56K | 56K | $2M |
| Claro Advisors Inc. | — | — | — | 10K | 29K | 42K | $1M |
| CENTAURUS FINANCIAL, INC. | 19K | 19K | 19K | 16K | 19K | 31K | $902,000 |
| Integrated Wealth Concepts LLC | — | — | — | — | — | 31K | $888,067 |
| GREAT VALLEY ADVISOR GROUP, INC. | — | — | — | — | — | 29K | $831,000 |
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 | 33 | 3,165,464 | — | $92M |
| 2025-Q4 | 24 | 2,408,310 | — | $70M |
| 2025-Q3 | 20 | 1,862,841 | — | $53M |
| 2025-Q2 | 13 | 1,611,347 | — | $45M |
| 2025-Q1 | 12 | 637,768 | — | $17M |
| 2024-Q4 | 10 | 520,321 | — | $14M |
| 2024-Q3 | 3 | 37,440 | — | $972,085 |
| 2024-Q2 | 1 | 11,058 | — | $278,993 |
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 | |
|---|---|---|---|
| Apella Capital, LLC | +346,136 | $10M | OPEN |
| AA Financial Advisors, LLC | +182,661 | $5M | ADD |
| Tradition Wealth Management, LLC | +91,006 | $3M | OPEN |
| OneDigital Investment Advisors LLC | +69,392 | $2M | ADD |
| RAYMOND JAMES FINANCIAL INC | +51,870 | $2M | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Foguth Wealth Management, LLC. | −181,241 | $5M | CLOSE |
| Long Island Wealth Management, Inc. | −26,003 | $754,087 | TRIM |
| ROYAL BANK OF CANADA | −12,144 | $352,176 | TRIM |
| OLD MISSION CAPITAL LLC | −11,486 | $333,094 | CLOSE |
| EHRLICH FINANCIAL GROUP | −7,021 | $203,609 | 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).
