% of shares outstanding is not shown for PICB: 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 PICB 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 | Tanager Wealth Management LLP | 3,676,2003.7M | $85M | — | ADD 28% |
| 2 | Dunhill Financial, LLC | 2,174,1152.2M | $50M | — | NEW |
| 3 | Checchi Capital Advisers, LLC | 835,786835,786 | $19M | — | TRIM -5% |
| 4 | Urban Financial Advisory Corp | 621,712621,712 | $14M | — | TRIM -32% |
| 5 | MORGAN STANLEY | 483,413483,413 | $11M | — | ADD 17% |
| 6 | WELLS FARGO & COMPANY/MN | 448,171448,171 | $10M | — | ADD 7% |
| 7 | LPL Financial LLC | 415,339415,339 | $10M | — | ADD 22% |
| 8 | Walkner Condon Financial Advisors LLC | 238,901238,901 | $6M | — | ADD 360% |
| 9 | Mariner, LLC | 139,971139,971 | $3M | — | NEW |
| 10 | 1 NORTH WEALTH SERVICES LLC | 131,187131,187 | $3M | — | — |
| 11 | Rathbones Group PLC | 130,009130,009 | $3M | — | ADD 18% |
| 12 | JANE STREET GROUP, LLC | 106,183106,183 | $2M | — | NEW |
| 13 | STIFEL FINANCIAL CORP | 97,96897,968 | $2M | — | ADD 23% |
| 14 | Bristlecone Value Partners, LLC | 92,53292,532 | $2M | — | ADD 10% |
| 15 | Thrivent Financial for Lutherans | 79,88679,886 | $2M | — | TRIM -83% |
| 16 | GUGGENHEIM CAPITAL LLC | 60,66560,665 | $1M | — | ADD 38% |
| 17 | Climber Capital SA | 57,21557,215 | $1M | — | — |
| 18 | JOHNSON INVESTMENT COUNSEL INC | 51,23551,235 | $1M | — | NEW |
| 19 | Private Advisor Group, LLC | 48,63948,639 | $1M | — | ADD 2% |
| 20 | Grey Fox Wealth Advisors, LLC | 44,24344,243 | $1M | — | ADD 339% |
| 21 | Cerity Partners LLC | 43,84743,847 | $1M | — | NEW |
| 22 | NOMURA ASSET MANAGEMENT CO LTD | 42,86542,865 | $990,182 | — | — |
| 23 | Fortis Group Advisors, LLC | 38,30938,309 | $902,818 | — | ADD 4% |
| 24 | VERITY Wealth Advisors | 32,43132,431 | $749,156 | — | ADD 88% |
| 25 | JONES FINANCIAL COMPANIES LLLP | 31,53631,536 | $722,453 | — | ADD 415% |
| 26 | Millington Financial Advisors, LLC | 30,60730,607 | $720,193 | — | ADD 5% |
| 27 | CHAPMAN FINANCIAL GROUP, LLC | 28,09628,096 | $649,018 | — | ADD 54% |
| 28 | Vontobel Holding Ltd. | 27,23827,238 | $629,198 | — | ADD 37% |
| 29 | 17 CAPITAL PARTNERS, LLC | 23,54323,543 | $543,843 | — | NEW |
| 30 | ENVESTNET ASSET MANAGEMENT INC | 23,28523,285 | $537,892 | — | TRIM -7% |
| 31 | CAPTRUST FINANCIAL ADVISORS | 22,71522,715 | $524,712 | — | — |
| 32 | OSAIC HOLDINGS, INC. | 22,11622,116 | $510,777 | — | ADD 34% |
| 33 | ROYAL BANK OF CANADA | 20,78920,789 | $481,000 | — | ADD 4% |
| 34 | Sequoia Financial Advisors, LLC | 19,90119,901 | $459,703 | — | — |
| 35 | UBS Group AG | 19,05119,051 | $440,078 | — | — |
| 36 | Pacifica Partners Inc. | 17,31517,315 | $399,976 | — | ADD 9% |
| 37 | Insight Wealth Strategies, LLC | 16,92816,928 | $391,038 | — | ADD 11% |
| 38 | BANK OF AMERICA CORP /DE/ | 15,63815,638 | $361,238 | — | ADD 9% |
| 39 | Ausdal Financial Partners, Inc. | 14,92314,923 | $344,715 | — | ADD 9% |
| 40 | Cetera Investment Advisers | 14,85414,854 | $343,125 | — | ADD 19% |
| 41 | Rockefeller Capital Management L.P. | 12,81912,819 | $296,120 | — | ADD 187% |
| 42 | Factor Wealth Management LTD | 12,54112,541 | $289,707 | — | TRIM -50% |
| 43 | Freedom Investment Management, Inc. | 12,50912,509 | $288,959 | — | — |
| 44 | BANK OF MONTREAL /CAN/ | 11,98211,982 | $276,784 | — | — |
| 45 | Kingsview Wealth Management, LLC | 11,36711,367 | $262,578 | — | ADD 22% |
| 46 | MML INVESTORS SERVICES, LLC | 10,47310,473 | $241,918 | — | TRIM -14% |
| 47 | LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA | 10,33010,330 | $239,000 | — | NEW |
| 48 | Advisory Alpha, LLC | 9,2459,245 | $213,560 | — | NEW |
| 49 | Fifth Third Securities, Inc. | 9,0439,043 | $208,893 | — | ADD 8% |
| 50 | Addison Advisors LLC | 8,7408,740 | $201,894 | — | — |
| 51 | Forum Finance Group S.A. | 9,4509,450 | $175,000 | — | NEW |
| 52 | FIRST UNITED BANK & TRUST | 4,6854,685 | $108,224 | — | ADD 3% |
| 53 | SHP Wealth Management | 3,2783,278 | $75,721 | — | ADD 40% |
| 54 | Ancora Advisors LLC | 2,1172,117 | $48,903 | — | NEW |
| 55 | JPMORGAN CHASE & CO | 1,5421,542 | $35,219 | — | ADD 53% |
| 56 | NATIONAL BANK OF CANADA /FI/ | 1,0001,000 | $23,100 | — | — |
| 57 | Cullen/Frost Bankers, Inc. | 716716 | $16,530 | — | — |
| 58 | Archer Investment Corp | 497497 | $11,481 | — | NEW |
| 59 | Capital Advisors, Ltd. LLC | 238238 | $5,000 | — | NEW |
| 60 | US BANCORP \DE\ | 191191 | $4,412 | — | — |
| 61 | INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | 142142 | $3,280 | — | NEW |
| 62 | FMR LLC | 4242 | $970 | — | NEW |
| 63 | Capital Investment Advisory Services, LLC | 3434 | $785 | — | TRIM -98% |
| 64 | HARBOUR INVESTMENTS, INC. | 3232 | $739 | — | NEW |
| 65 | DHJJ Financial Advisors, Ltd. | 55 | $116 | — | — |
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 |
|---|---|---|---|---|---|---|---|
| Tanager Wealth Management LLP | 671K | 747K | 799K | 1.4M | 2.9M | 3.7M | $85M |
| Dunhill Financial, LLC | — | — | — | — | — | 2.2M | $50M |
| Checchi Capital Advisers, LLC | 756K | 860K | 851K | 861K | 879K | 836K | $19M |
| Urban Financial Advisory Corp | 906K | 913K | 911K | 905K | 909K | 622K | $14M |
| MORGAN STANLEY | 97K | 153K | 189K | 417K | 412K | 483K | $11M |
| WELLS FARGO & COMPANY/MN | 148K | 155K | 176K | 308K | 417K | 448K | $10M |
| LPL Financial LLC | 300K | 341K | 353K | 395K | 341K | 415K | $10M |
| Walkner Condon Financial Advisors LLC | 55K | 51K | 50K | 51K | 52K | 239K | $6M |
| Mariner, LLC | — | — | — | — | — | 140K | $3M |
| 1 NORTH WEALTH SERVICES LLC | — | — | 106K | 111K | 131K | 131K | $3M |
| Rathbones Group PLC | 126K | 126K | 102K | 107K | 111K | 130K | $3M |
| JANE STREET GROUP, LLC | 56K | — | 40K | 12K | — | 106K | $2M |
| STIFEL FINANCIAL CORP | 51K | 52K | 53K | 57K | 80K | 98K | $2M |
| Bristlecone Value Partners, LLC | — | — | — | — | 84K | 93K | $2M |
| Thrivent Financial for Lutherans | 56K | 56K | — | 59K | 467K | 80K | $2M |
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 | |
|---|---|---|---|
| Dunhill Financial, LLC | +2,174,115 | $50M | OPEN |
| Tanager Wealth Management LLP | +808,888 | $19M | ADD |
| Walkner Condon Financial Advisors LLC | +187,010 | $4M | ADD |
| Mariner, LLC | +139,971 | $3M | OPEN |
| JANE STREET GROUP, LLC | +106,183 | $2M | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Thrivent Financial for Lutherans | −387,442 | $9M | TRIM |
| Urban Financial Advisory Corp | −286,860 | $7M | TRIM |
| Checchi Capital Advisers, LLC | −43,638 | $1M | TRIM |
| Point Nemo Capital, LLC | −37,337 | $862,485 | CLOSE |
| Plan A Wealth LLC | −15,141 | $349,757 | 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 | 65 | 10,572,375 | — | $244M |
| 2025-Q4 | 57 | 7,446,172 | — | $178M |
| 2025-Q3 | 52 | 5,253,570 | — | $125M |
| 2025-Q2 | 52 | 4,726,586 | — | $114M |
| 2025-Q1 | 41 | 4,026,801 | — | $89M |
| 2024-Q4 | 38 | 4,077,981 | — | $88M |
| 2024-Q3 | 32 | 3,714,088 | — | $87M |
| 2024-Q2 | 37 | 3,627,846 | — | $80M |
| 2024-Q1 | 38 | 3,699,899 | — | $83M |
| 2023-Q4 | 42 | 3,439,514 | — | $79M |
| 2023-Q3 | 42 | 3,135,849 | — | $65M |
| 2023-Q2 | 40 | 2,699,326 | — | $58M |
| 2023-Q1 | 43 | 2,182,726 | — | $48M |
| 2022-Q4 | 44 | 3,283,232 | — | $69M |
| 2022-Q3 | 40 | 2,319,202 | — | $44M |
| 2022-Q2 | 41 | 2,341,899 | — | $52M |
| 2022-Q1 | 42 | 2,578,890 | — | $65M |
| 2021-Q4 | 44 | 2,300,874 | — | $64M |
| 2021-Q3 | 44 | 1,616,050 | — | $46M |
| 2021-Q2 | 39 | 1,685,343 | — | $49M |
| 2021-Q1 | 39 | 1,691,256 | — | $48M |
| 2020-Q4 | 39 | 1,461,776 | — | $44M |
| 2020-Q3 | 35 | 1,274,900 | — | $36M |
| 2020-Q2 | 35 | 1,170,624 | — | $31M |
| 2020-Q1 | 38 | 1,632,858 | — | $40M |
| 2019-Q4 | 37 | 1,462,864 | — | $40M |
| 2019-Q3 | 39 | 1,291,656 | — | $34M |
| 2019-Q2 | 43 | 1,823,156 | — | $48M |
| 2019-Q1 | 51 | 1,714,986 | — | $44M |
| 2018-Q4 | 56 | 1,764,294 | — | $44M |
| 2018-Q3 | 54 | 1,536,966 | — | $40M |
| 2018-Q2 | 54 | 1,550,491 | — | $41M |
| 2016-Q1 | 1 | 111 | — | $3,000 |
