% of shares outstanding is not shown for PNQI: 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 PNQI 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 | Fisher Asset Management, LLC | 1,619,4981.6M | $72M | — | TRIM -4% |
| 2 | UBS Group AG | 656,937656,937 | $29M | — | TRIM -8% |
| 3 | GOLDMAN SACHS GROUP INC | 269,280269,280 | $12M | — | ADD 13% |
| 4 | LPL Financial LLC | 261,771261,771 | $12M | — | TRIM -29% |
| 5 | MORGAN STANLEY | 232,778232,778 | $10M | — | TRIM -62% |
| 6 | WELLS FARGO & COMPANY/MN | 219,558219,558 | $10M | — | TRIM -12% |
| 7 | BANK OF AMERICA CORP /DE/ | 128,228128,228 | $6M | — | TRIM -48% |
| 8 | BNP PARIBAS FINANCIAL MARKETS | 100,000100,000 | $4M | — | NEW |
| 9 | JPMORGAN CHASE & CO | 92,98492,984 | $4M | — | ADD 174% |
| 10 | RAYMOND JAMES FINANCIAL INC | 66,96966,969 | $3M | — | TRIM -57% |
| 11 | OSAIC HOLDINGS, INC. | 57,22357,223 | $3M | — | TRIM -14% |
| 12 | ROYAL BANK OF CANADA | 52,01252,012 | $2M | — | TRIM -76% |
| 13 | Pacific Sun Financial Corp | 48,20048,200 | $2M | — | — |
| 14 | Parallel Advisors, LLC | 42,25342,253 | $2M | — | — |
| 15 | Pathstone Holdings, LLC | 41,77441,774 | $2M | — | — |
| 16 | Santori & Peters, Inc. | 40,28740,287 | $2M | — | — |
| 17 | Cetera Investment Advisers | 40,16540,165 | $2M | — | ADD 12% |
| 18 | PFG Advisors | 38,85238,852 | $2M | — | TRIM -13% |
| 19 | JONES FINANCIAL COMPANIES LLLP | 34,53934,539 | $1M | — | ADD 10% |
| 20 | AMERIPRISE FINANCIAL INC | 31,58931,589 | $1M | — | TRIM -20% |
| 21 | Cambridge Investment Research Advisors, Inc. | 27,86827,868 | $1M | — | TRIM -21% |
| 22 | Texas Yale Capital Corp. | 25,15025,150 | $1M | — | — |
| 23 | FMR LLC | 25,05025,050 | $1M | — | TRIM -4% |
| 24 | STIFEL FINANCIAL CORP | 24,91124,911 | $1M | — | TRIM -30% |
| 25 | Mariner, LLC | 23,77323,773 | $1M | — | — |
| 26 | Private Advisor Group, LLC | 23,08023,080 | $1M | — | TRIM -27% |
| 27 | SeaCrest Wealth Management, LLC | 23,07623,076 | $1M | — | TRIM -4% |
| 28 | FourThought Financial Partners, LLC | 22,01122,011 | $984,539 | — | TRIM -2% |
| 29 | BENJAMIN EDWARDS INC | 21,01921,019 | $940,267 | — | TRIM -36% |
| 30 | Merit Financial Group, LLC | 20,85620,856 | $932,870 | — | — |
| 31 | HARBOR INVESTMENT ADVISORY, LLC | 20,07020,070 | $897,739 | — | — |
| 32 | Joseph P. Lucia & Associates, LLC | 19,00119,001 | $849,915 | — | TRIM -6% |
| 33 | David J Yvars Group | 18,72118,721 | $836,721 | — | TRIM -16% |
| 34 | Sanctuary Advisors, LLC | 17,37017,370 | $776,960 | — | TRIM -44% |
| 35 | GTS SECURITIES LLC | 17,04717,047 | $762,512 | — | NEW |
| 36 | Sowell Financial Services LLC | 16,70016,700 | $746,991 | — | TRIM -3% |
| 37 | COMMONWEALTH EQUITY SERVICES, LLC | 15,81115,811 | $707,223 | — | TRIM -37% |
| 38 | Creative Planning | 15,60015,600 | $697,775 | — | ADD 31% |
| 39 | US BANCORP \DE\ | 15,51515,515 | $693,986 | — | TRIM -6% |
| 40 | J.W. COLE ADVISORS, INC. | 15,14815,148 | $677,592 | — | — |
| 41 | HARBOUR INVESTMENTS, INC. | 14,51614,516 | $649,302 | — | — |
| 42 | Kovack Advisors, Inc. | 13,32513,325 | $596,560 | — | TRIM -3% |
| 43 | MML INVESTORS SERVICES, LLC | 13,07513,075 | $584,831 | — | TRIM -8% |
| 44 | CIBC WORLD MARKET INC. | 12,74512,745 | $570,084 | — | TRIM -4% |
| 45 | Wealthspire Advisors, LLC | 12,20512,205 | $545,930 | — | ADD 59% |
| 46 | Lido Advisors, LLC | 11,66911,669 | $521,960 | — | TRIM -43% |
| 47 | RDA Financial Network | 11,21011,210 | $501,423 | — | ADD 15% |
| 48 | ENVESTNET ASSET MANAGEMENT INC | 11,04811,048 | $494,185 | — | TRIM -58% |
| 49 | WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 10,07710,077 | $453,667 | — | — |
| 50 | Onyx Bridge Wealth Group LLC | 9,9159,915 | $443,479 | — | — |
| 51 | AQR CAPITAL MANAGEMENT LLC | 9,7859,785 | $437,683 | — | ADD 8% |
| 52 | Austin Wealth Management, LLC | 9,6159,615 | $435,049 | — | — |
| 53 | Ironwood Investment Counsel, LLC | 9,0809,080 | $406,175 | — | TRIM -2% |
| 54 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 8,6058,605 | $384,902 | — | TRIM -4% |
| 55 | Hirtle & Co., LLC | 8,6008,600 | $384,678 | — | — |
| 56 | Odyssey Capital Advisors, Inc. | 8,5458,545 | $382,239 | — | TRIM -17% |
| 57 | SCHNIEDERS CAPITAL MANAGEMENT, LLC. | 7,6607,660 | $342,632 | — | — |
| 58 | Perigon Wealth Management, LLC | 7,3987,398 | $330,913 | — | — |
| 59 | KKM Financial LLC | 5,9845,984 | $322,821 | — | — |
| 60 | KINTRA WEALTH, LLC | 7,0707,070 | $316,241 | — | NEW |
| 61 | Sound Income Strategies, LLC | 7,0457,045 | $315,405 | — | — |
| 62 | FIFTH THIRD BANCORP | 6,9336,933 | $310,113 | — | NEW |
| 63 | TCFG WEALTH MANAGEMENT, LLC | 6,8366,836 | $305,785 | — | ADD 43% |
| 64 | TCFG Investment Advisors, LLC | 6,8366,836 | $305,785 | — | NEW |
| 65 | &PARTNERS | 6,7616,761 | $302,424 | — | TRIM -6% |
| 66 | Global Financial Private Client, LLC | 6,6656,665 | $298,125 | — | — |
| 67 | PFG Investments, LLC | 6,0966,096 | $272,691 | — | TRIM -5% |
| 68 | GWN SECURITIES INC. | 6,0716,071 | $271,556 | — | TRIM -4% |
| 69 | Millennium Capital Advisors, LLC | 5,7955,795 | $259,211 | — | TRIM -21% |
| 70 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 5,5675,567 | $249,012 | — | TRIM -50% |
| 71 | Kestra Advisory Services, LLC | 5,3075,307 | $237,369 | — | ADD 32% |
| 72 | REDSTONE WEALTH MANAGEMENT, LLC | 5,1035,103 | $228,257 | — | TRIM -10% |
| 73 | GSA CAPITAL PARTNERS LLP | 5,0705,070 | $227,000 | — | TRIM -34% |
| 74 | Equitable Holdings, Inc. | 4,1604,160 | $224,421 | — | NEW |
| 75 | Fifth Third Securities, Inc. | 4,8654,865 | $217,611 | — | — |
| 76 | CAPTRUST FINANCIAL ADVISORS | 4,6854,685 | $209,569 | — | TRIM -43% |
| 77 | BANK HAPOALIM BM | 4,6004,600 | $206,000 | — | — |
| 78 | EQUITABLE TRUST CO | 4,5434,543 | $203,208 | — | NEW |
| 79 | Ascentis Independent Advisors | 4,1504,150 | $185,629 | — | — |
| 80 | Colonial Trust Co / SC | 3,8863,886 | $173,821 | — | TRIM -12% |
| 81 | BLAIR WILLIAM & CO/IL | 2,5452,545 | $113,838 | — | — |
| 82 | O'SHAUGHNESSY ASSET MANAGEMENT, LLC | 2,2792,279 | $101,940 | — | TRIM -7% |
| 83 | PNC FINANCIAL SERVICES GROUP, INC. | 2,2002,200 | $98,412 | — | — |
| 84 | NewEdge Advisors, LLC | 5,5135,513 | $98,105 | — | TRIM -46% |
| 85 | Atlantic Private Wealth, LLC | 2,0002,000 | $89,481 | — | — |
| 86 | Rockefeller Capital Management L.P. | 1,9551,955 | $87,447 | — | — |
| 87 | Atlantic Union Bankshares Corp | 1,5001,500 | $67,095 | — | — |
| 88 | Allworth Financial LP | 1,4531,453 | $64,993 | — | ADD 4% |
| 89 | GW&K Investment Management, LLC | 1,3751,375 | $62,000 | — | — |
| 90 | BARTLETT & CO. WEALTH MANAGEMENT LLC | 1,1001,100 | $53,955 | — | — |
| 91 | Westside Investment Management, Inc. | 1,1001,100 | $49,204 | — | — |
| 92 | CITIGROUP INC | 1,1001,100 | $49,203 | — | — |
| 93 | Sunbelt Securities, Inc. | 1,1001,100 | $49,203 | — | — |
| 94 | Financial Freedom, LLC | 1,1001,100 | $49,203 | — | — |
| 95 | MAI Capital Management | 1,0851,085 | $48,538 | — | ADD 10% |
| 96 | AE Wealth Management LLC | 1,0781,078 | $48,219 | — | TRIM -22% |
| 97 | Advisory Services Network, LLC | 1,0101,010 | $45,177 | — | NEW |
| 98 | Steward Partners Investment Advisory, LLC | 767767 | $34,308 | — | TRIM -16% |
| 99 | NATIONAL BANK OF CANADA /FI/ | 700700 | $31,311 | — | NEW |
| 100 | Aptus Capital Advisors, LLC | 688688 | $30,774 | — | — |
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 |
|---|---|---|---|---|---|---|---|
| Fisher Asset Management, LLC | 2.0M | 1.9M | 1.8M | 1.8M | 1.7M | 1.6M | $72M |
| UBS Group AG | 1.5M | 727K | 737K | 714K | 712K | 657K | $29M |
| GOLDMAN SACHS GROUP INC | 230K | 230K | 230K | 230K | 237K | 269K | $12M |
| LPL Financial LLC | 452K | 464K | 415K | 395K | 369K | 262K | $12M |
| MORGAN STANLEY | 596K | 593K | 620K | 612K | 619K | 233K | $10M |
| WELLS FARGO & COMPANY/MN | 236K | 242K | 240K | 241K | 249K | 220K | $10M |
| BANK OF AMERICA CORP /DE/ | 688K | 390K | 234K | 241K | 246K | 128K | $6M |
| BNP PARIBAS FINANCIAL MARKETS | — | 50K | — | — | — | 100K | $4M |
| JPMORGAN CHASE & CO | 28K | 34K | 34K | 68K | 34K | 93K | $4M |
| RAYMOND JAMES FINANCIAL INC | 169K | 164K | 165K | 160K | 156K | 67K | $3M |
| OSAIC HOLDINGS, INC. | 58K | 67K | 79K | 75K | 67K | 57K | $3M |
| ROYAL BANK OF CANADA | 222K | 245K | 466K | 216K | 216K | 52K | $2M |
| Pacific Sun Financial Corp | 50K | 49K | 49K | 49K | 48K | 48K | $2M |
| Parallel Advisors, LLC | 93K | 46K | 44K | 43K | 42K | 42K | $2M |
| Pathstone Holdings, LLC | 45K | 44K | 44K | 44K | 42K | 42K | $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 | |
|---|---|---|---|
| BNP PARIBAS FINANCIAL MARKETS | +100,000 | $4M | OPEN |
| JPMORGAN CHASE & CO | +59,037 | $3M | ADD |
| GOLDMAN SACHS GROUP INC | +31,995 | $1M | ADD |
| GTS SECURITIES LLC | +17,047 | $762,683 | OPEN |
| KINTRA WEALTH, LLC | +7,070 | $316,312 | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| HighTower Advisors, LLC | −639,183 | $29M | CLOSE |
| MORGAN STANLEY | −386,709 | $17M | TRIM |
| ROYAL BANK OF CANADA | −163,563 | $7M | TRIM |
| BANK OF AMERICA CORP /DE/ | −118,120 | $5M | TRIM |
| LPL Financial LLC | −107,718 | $5M | 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 | 127 | 4,832,197 | — | $216M |
| 2025-Q4 | 146 | 6,637,031 | — | $358M |
| 2025-Q3 | 145 | 6,933,361 | — | $387M |
| 2025-Q2 | 141 | 7,372,778 | — | $385M |
| 2025-Q1 | 131 | 7,488,429 | — | $331M |
| 2024-Q4 | 127 | 8,389,103 | — | $392M |
| 2024-Q3 | 123 | 9,949,924 | — | $432M |
| 2024-Q2 | 125 | 10,094,868 | — | $414M |
| 2024-Q1 | 123 | 10,256,848 | — | $409M |
| 2023-Q4 | 115 | 7,603,306 | — | $274M |
| 2023-Q3 | 95 | 5,787,973 | — | $178M |
| 2023-Q2 | 92 | 1,169,746 | — | $177M |
| 2023-Q1 | 87 | 1,473,641 | — | $208M |
| 2022-Q4 | 98 | 1,403,042 | — | $158M |
| 2022-Q3 | 91 | 1,105,302 | — | $126M |
| 2022-Q2 | 88 | 1,226,248 | — | $145M |
| 2022-Q1 | 104 | 1,168,990 | — | $199M |
| 2021-Q4 | 126 | 1,372,192 | — | $294M |
| 2021-Q3 | 122 | 1,305,901 | — | $312M |
| 2021-Q2 | 121 | 1,261,860 | — | $324M |
| 2021-Q1 | 129 | 1,311,127 | — | $303M |
| 2020-Q4 | 133 | 1,407,963 | — | $321M |
| 2020-Q3 | 119 | 1,108,103 | — | $228M |
| 2020-Q2 | 100 | 1,033,071 | — | $184M |
| 2020-Q1 | 84 | 990,629 | — | $125M |
| 2019-Q4 | 96 | 1,023,520 | — | $145M |
| 2019-Q3 | 88 | 1,056,360 | — | $138M |
| 2019-Q2 | 88 | 1,127,616 | — | $155M |
| 2019-Q1 | 88 | 1,121,973 | — | $148M |
| 2018-Q4 | 83 | 1,129,880 | — | $125M |
| 2018-Q3 | 85 | 1,224,802 | — | $165M |
| 2018-Q2 | 79 | 1,191,981 | — | $166M |
| 2016-Q1 | 1 | 12 | — | $2,000 |
