% of shares outstanding is not shown for PCF: 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 PCF 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 | LPL Financial LLC | 1,398,2131.4M | $8M | — | ADD 5% |
| 2 | MORGAN STANLEY | 640,613640,613 | $4M | — | ADD 25% |
| 3 | RAYMOND JAMES FINANCIAL INC | 483,634483,634 | $3M | — | ADD 21% |
| 4 | Invesco Ltd. | 275,884275,884 | $2M | — | TRIM -4% |
| 5 | Saba Capital Management, L.P. | 178,077178,077 | $982,985 | — | NEW |
| 6 | Samalin Investment Counsel, LLC | 125,678125,678 | $693,744 | — | ADD 29% |
| 7 | Advisors Asset Management, Inc. | 119,358119,358 | $658,856 | — | — |
| 8 | ABSOLUTE INVESTMENT ADVISERS, LLC | 108,623108,623 | $599,599 | — | TRIM -35% |
| 9 | RIVERNORTH CAPITAL MANAGEMENT, LLC | 102,563102,563 | $566,148 | — | ADD 95% |
| 10 | HARBOUR INVESTMENTS, INC. | 100,926100,926 | $557,116 | — | ADD 102% |
| 11 | OSAIC HOLDINGS, INC. | 82,59882,598 | $455,951 | — | — |
| 12 | Almitas Capital LLC | 77,80777,807 | $429,495 | — | NEW |
| 13 | BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 72,14772,147 | $398,251 | — | — |
| 14 | Quarry LP | 64,94664,946 | $358,502 | — | — |
| 15 | WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 35,77535,775 | $201,058 | — | ADD 3% |
| 16 | MGO ONE SEVEN LLC | 35,01335,013 | $193,272 | — | — |
| 17 | MELFA WEALTH MANAGEMENT, INC. | 30,72230,722 | $169,584 | — | — |
| 18 | SeaCrest Wealth Management, LLC | 29,37429,374 | $162,144 | — | TRIM -4% |
| 19 | WELLS FARGO & COMPANY/MN | 28,89528,895 | $159,502 | — | ADD 18% |
| 20 | Cetera Investment Advisers | 24,26324,263 | $133,931 | — | TRIM -21% |
| 21 | SILVERLAKE WEALTH MANAGEMENT LLC | 22,29722,297 | $123,079 | — | TRIM -10% |
| 22 | NBC SECURITIES, INC. | 22,25322,253 | $122,839 | — | TRIM -26% |
| 23 | Tactive Advisors, LLC | 21,00721,007 | $115,959 | — | ADD 22% |
| 24 | Gilman Hill Asset Management, LLC | 20,00020,000 | $110,400 | — | — |
| 25 | Merit Financial Group, LLC | 18,57518,575 | $102,533 | — | ADD 2% |
| 26 | Live Oak Private Wealth LLC | 17,55717,557 | $96,915 | — | NEW |
| 27 | CITADEL ADVISORS LLC | 16,74016,740 | $92,405 | — | — |
| 28 | K2 PRINCIPAL FUND, L.P. | 16,61716,617 | $91,726 | — | — |
| 29 | Kovack Advisors, Inc. | 16,43816,438 | $91,456 | — | ADD 11% |
| 30 | Integrity Advisory Solutions, LLC | 16,42116,421 | $90,644 | — | ADD 15% |
| 31 | BENJAMIN EDWARDS INC | 15,34815,348 | $84,719 | — | — |
| 32 | Logan Stone Capital, LLC | 15,04815,048 | $83,065 | — | TRIM -73% |
| 33 | Hunting Hill Global Capital, LLC | 14,31714,317 | $79,030 | — | — |
| 34 | Cambridge Investment Research Advisors, Inc. | 14,36314,363 | $79,000 | — | NEW |
| 35 | Bulldog Investors, LLP | 13,96113,961 | $77,065 | — | ADD 30% |
| 36 | NWF Advisory Services Inc. | 13,70013,700 | $75,624 | — | TRIM -18% |
| 37 | NewEdge Advisors, LLC | 72,90072,900 | $72,900 | — | TRIM -7% |
| 38 | Savvy Advisors, Inc. | 13,01013,010 | $71,815 | — | TRIM -49% |
| 39 | UHLMANN PRICE SECURITIES, LLC | 12,01512,015 | $66,325 | — | ADD 3% |
| 40 | Lido Advisors, LLC | 12,00012,000 | $66,240 | — | NEW |
| 41 | EASTERN BANK | 8,0008,000 | $44,160 | — | — |
| 42 | Noble Wealth Management PBC | 7,9357,935 | $43,800 | — | ADD 38% |
| 43 | ROYAL BANK OF CANADA | 7,1417,141 | $40,000 | — | TRIM -54% |
| 44 | UBS Group AG | 6,9146,914 | $38,166 | — | ADD 56% |
| 45 | Millstone Evans Group, LLC | 1,6001,600 | $8,832 | — | — |
| 46 | CoreCap Advisors, LLC | 1,2001,200 | $6,624 | — | — |
| 47 | Pinnacle Wealth Planning Services, Inc. | 874874 | $4,824 | — | TRIM -6% |
| 48 | WINMILL & CO. INC | 662662 | $3,654 | — | — |
| 49 | HIGHLINE WEALTH PARTNERS LLC | 500500 | $2,760 | — | TRIM -17% |
| 50 | WPG Advisers, LLC | 384384 | $2,120 | — | ADD 6% |
| 51 | BlackRock, Inc. | 159159 | $878 | — | NEW |
| 52 | MAI Capital Management | 157157 | $868 | — | ADD 3% |
| 53 | Tower Research Capital LLC (TRC) | 8787 | $480 | — | NEW |
| 54 | FIFTH THIRD BANCORP | 5252 | $285 | — | NEW |
| 55 | CALDWELL SUTTER CAPITAL, INC. | 22 | $11 | — | — |
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 |
|---|---|---|---|---|---|---|---|
| LPL Financial LLC | 1.7M | 1.6M | 1.5M | 1.5M | 1.3M | 1.4M | $8M |
| MORGAN STANLEY | 456K | 499K | 509K | 531K | 511K | 641K | $4M |
| RAYMOND JAMES FINANCIAL INC | 192K | 287K | 340K | 394K | 401K | 484K | $3M |
| Invesco Ltd. | 372K | 357K | 261K | 268K | 286K | 276K | $2M |
| Saba Capital Management, L.P. | — | — | — | — | — | 178K | $982,985 |
| Samalin Investment Counsel, LLC | — | 25K | 72K | 92K | 98K | 126K | $693,744 |
| Advisors Asset Management, Inc. | — | 117K | 123K | 122K | 121K | 119K | $658,856 |
| ABSOLUTE INVESTMENT ADVISERS, LLC | — | — | — | — | 167K | 109K | $599,599 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | — | — | — | — | 53K | 103K | $566,148 |
| HARBOUR INVESTMENTS, INC. | 5K | 50K | 51K | 52K | 50K | 101K | $557,116 |
| OSAIC HOLDINGS, INC. | 38K | 38K | 57K | 65K | 84K | 83K | $455,951 |
| Almitas Capital LLC | — | — | — | — | — | 78K | $429,495 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 55K | 43K | 50K | 50K | 71K | 72K | $398,251 |
| Quarry LP | — | — | — | — | 64K | 65K | $358,502 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 38K | 38K | 40K | 39K | 35K | 36K | $201,058 |
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 | |
|---|---|---|---|
| Saba Capital Management, L.P. | +178,077 | $982,985 | OPEN |
| MORGAN STANLEY | +129,844 | $716,739 | ADD |
| RAYMOND JAMES FINANCIAL INC | +82,661 | $456,289 | ADD |
| Almitas Capital LLC | +77,807 | $429,495 | OPEN |
| LPL Financial LLC | +70,013 | $386,472 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Shaker Financial Services, LLC | −69,164 | $381,785 | CLOSE |
| ABSOLUTE INVESTMENT ADVISERS, LLC | −58,714 | $324,101 | TRIM |
| Logan Stone Capital, LLC | −40,543 | $223,797 | TRIM |
| Aptus Capital Advisors, LLC | −20,660 | $114,043 | CLOSE |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | −18,796 | $103,754 | 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).
| Quarter | Holders | Shares held | % shares out | Value held |
|---|---|---|---|---|
| 2026-Q1 | 55 | 4,435,343 | — | $24M |
| 2025-Q4 | 59 | 3,998,192 | — | $25M |
| 2025-Q3 | 48 | 3,724,773 | — | $24M |
| 2025-Q2 | 47 | 3,630,507 | — | $23M |
| 2025-Q1 | 48 | 3,635,723 | — | $24M |
| 2024-Q4 | 52 | 3,795,515 | — | $25M |
| 2024-Q3 | 55 | 12,386,123 | — | $85M |
| 2024-Q2 | 49 | 3,792,461 | — | $27M |
| 2024-Q1 | 43 | 3,048,903 | — | $21M |
| 2023-Q4 | 42 | 3,017,438 | — | $19M |
| 2023-Q3 | 40 | 2,897,398 | — | $18M |
| 2023-Q2 | 38 | 2,948,962 | — | $19M |
| 2023-Q1 | 44 | 3,132,264 | — | $20M |
| 2022-Q4 | 42 | 3,064,981 | — | $20M |
| 2022-Q3 | 40 | 3,289,592 | — | $23M |
| 2022-Q2 | 36 | 3,575,179 | — | $26M |
| 2022-Q1 | 40 | 4,721,961 | — | $37M |
| 2021-Q4 | 38 | 5,106,251 | — | $44M |
| 2021-Q3 | 26 | 645,933 | — | $6M |
| 2021-Q2 | 22 | 527,764 | — | $5M |
| 2021-Q1 | 22 | 953,819 | — | $8M |
| 2020-Q4 | 19 | 337,550 | — | $3M |
| 2020-Q3 | 17 | 351,501 | — | $3M |
| 2020-Q2 | 19 | 487,291 | — | $4M |
| 2020-Q1 | 18 | 845,274 | — | $5M |
| 2019-Q4 | 24 | 1,181,627 | — | $11M |
| 2019-Q3 | 24 | 1,247,591 | — | $11M |
| 2019-Q2 | 23 | 1,016,686 | — | $8M |
| 2019-Q1 | 19 | 944,322 | — | $9M |
| 2018-Q4 | 30 | 5,396,403 | — | $48M |
| 2018-Q3 | 31 | 5,358,240 | — | $33M |
| 2018-Q2 | 3 | 1,550 | — | $13,665 |
| 2018-Q1 | 1 | 500 | — | $4,520 |
| 2017-Q4 | 1 | 500 | — | $4,510 |
| 2017-Q3 | 1 | 500 | — | $4,465 |
| 2017-Q2 | 1 | 500 | — | $4,395 |
| 2017-Q1 | 1 | 500 | — | $4,335 |
| 2016-Q4 | 1 | 500 | — | $4,100 |
| 2016-Q3 | 1 | 500 | — | $4,010 |
| 2016-Q2 | 1 | 500 | — | $3,835 |
| 2016-Q1 | 1 | 500 | — | $3,660 |
