% of shares outstanding is not shown for PSMD: 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 PSMD 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 | Swan Global Investments, LLC | 2,365,0772.4M | $75M | — | ADD 13% |
| 2 | Pacer Advisors, Inc. | 2,365,0772.4M | $75M | — | ADD 15% |
| 3 | Anfield Capital Management, LLC | 77,77477,774 | $2M | — | ADD 77% |
| 4 | OLD MISSION CAPITAL LLC | 46,25846,258 | $1M | — | ADD 132% |
| 5 | OSAIC HOLDINGS, INC. | 45,00545,005 | $1M | — | ADD 24% |
| 6 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 43,18943,189 | $1M | — | TRIM -21% |
| 7 | Insight Wealth Strategies, LLC | 25,81925,819 | $823,368 | — | ADD 27% |
| 8 | Bravias Capital Group, LLC | 19,60119,601 | $625,076 | — | — |
| 9 | CITADEL ADVISORS LLC | 14,74114,741 | $470,090 | — | NEW |
| 10 | COMMONWEALTH EQUITY SERVICES, LLC | 13,30013,300 | $424,140 | — | ADD 71% |
| 11 | Cetera Investment Advisers | 11,17211,172 | $356,275 | — | ADD 3% |
| 12 | Allie Family Office LLC | 10,36910,369 | $330,667 | — | — |
| 13 | INDEPENDENT FINANCIAL GROUP, LLC | 9,0209,020 | $287,648 | — | — |
| 14 | Sovran Advisors, LLC | 7,3397,339 | $246,187 | — | — |
| 15 | Kestra Advisory Services, LLC | 6,6306,630 | $211,431 | — | ADD 77% |
| 16 | Cornerstone Wealth Group, LLC | 6,0676,067 | $201,846 | — | NEW |
| 17 | BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 1,1701,170 | $37,311 | — | TRIM -5% |
| 18 | DHJJ Financial Advisors, Ltd. | 135135 | $4,306 | — | — |
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 |
|---|---|---|---|---|---|---|---|
| Swan Global Investments, LLC | 2.0M | 2.4M | 2.2M | 2.2M | 2.1M | 2.4M | $75M |
| Pacer Advisors, Inc. | 2.0M | 2.4M | 2.2M | 2.2M | 2.1M | 2.4M | $75M |
| Anfield Capital Management, LLC | 56K | 55K | 49K | 45K | 44K | 78K | $2M |
| OLD MISSION CAPITAL LLC | — | — | 47K | 14K | 20K | 46K | $1M |
| OSAIC HOLDINGS, INC. | 41K | 59K | 55K | 53K | 36K | 45K | $1M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | — | — | — | 70K | 55K | 43K | $1M |
| Insight Wealth Strategies, LLC | — | 8K | 11K | 14K | 20K | 26K | $823,368 |
| Bravias Capital Group, LLC | 20K | 20K | 20K | 20K | 20K | 20K | $625,076 |
| CITADEL ADVISORS LLC | 10K | 57K | 9K | — | — | 15K | $470,090 |
| COMMONWEALTH EQUITY SERVICES, LLC | 13K | 29K | 29K | 12K | 8K | 13K | $424,140 |
| Cetera Investment Advisers | — | — | — | 9K | 11K | 11K | $356,275 |
| Allie Family Office LLC | — | 16K | 10K | 10K | 10K | 10K | $330,667 |
| INDEPENDENT FINANCIAL GROUP, LLC | — | 7K | 7K | 9K | 9K | 9K | $287,648 |
| Sovran Advisors, LLC | — | — | — | — | 7K | 7K | $246,187 |
| Kestra Advisory Services, LLC | 342K | 369K | 318K | — | 4K | 7K | $211,431 |
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 | |
|---|---|---|---|
| Pacer Advisors, Inc. | +310,777 | $10M | ADD |
| Swan Global Investments, LLC | +270,060 | $9M | ADD |
| Anfield Capital Management, LLC | +33,846 | $1M | ADD |
| OLD MISSION CAPITAL LLC | +26,311 | $839,058 | ADD |
| CITADEL ADVISORS LLC | +14,741 | $470,090 | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | −11,585 | $369,446 | TRIM |
| JPMORGAN CHASE & CO | −2,803 | $89,388 | CLOSE |
| UBS Group AG | −773 | $24,651 | CLOSE |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | −62 | $1,977 | 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 | 18 | 5,067,743 | — | $162M |
| 2025-Q4 | 18 | 4,398,232 | — | $143M |
| 2025-Q3 | 16 | 4,635,260 | — | $147M |
| 2025-Q2 | 18 | 5,089,265 | — | $155M |
| 2025-Q1 | 18 | 5,538,210 | — | $159M |
| 2024-Q4 | 14 | 4,611,575 | — | $134M |
| 2024-Q3 | 15 | 4,471,364 | — | $128M |
| 2024-Q2 | 14 | 4,857,633 | — | $135M |
| 2024-Q1 | 16 | 5,094,441 | — | $138M |
| 2023-Q4 | 12 | 2,873,604 | — | $74M |
| 2023-Q3 | 11 | 2,188,625 | — | $53M |
| 2023-Q2 | 10 | 1,094,220 | — | $27M |
| 2023-Q1 | 8 | 970,264 | — | $22M |
| 2022-Q4 | 8 | 910,179 | — | $20M |
| 2022-Q3 | 7 | 921,463 | — | $19M |
| 2022-Q2 | 6 | 988,927 | — | $20M |
| 2022-Q1 | 7 | 1,011,415 | — | $23M |
| 2021-Q4 | 4 | 580,705 | — | $13M |
| 2021-Q3 | 5 | 139,788 | — | $3M |
| 2021-Q2 | 3 | 16,031 | — | $356,939 |
| 2021-Q1 | 2 | 34,242 | — | $737,595 |
