% of shares outstanding is not shown for QLC: 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 QLC 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 |
|---|---|---|---|---|---|---|---|
| NORTHERN TRUST CORP | 3.3M | 3.8M | 5.3M | 6.0M | 6.4M | 6.8M | $533M |
| ENVESTNET ASSET MANAGEMENT INC | 572K | 606K | 559K | 590K | 609K | 844K | $66M |
| MML INVESTORS SERVICES, LLC | 153K | 166K | 161K | 178K | 191K | 349K | $27M |
| COMMONWEALTH EQUITY SERVICES, LLC | 216K | 210K | 207K | 208K | 207K | 230K | $18M |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | — | 40K | 60K | 64K | 112K | 130K | $10M |
| Cetera Investment Advisers | 48K | 55K | 55K | 59K | 65K | 110K | $9M |
| Fiduciary Planning LLC | — | — | — | — | — | 105K | $8M |
| Stratos Investment Management, LLC | 4K | 75K | 87K | 84K | 83K | 100K | $8M |
| RAYMOND JAMES FINANCIAL INC | 6K | — | 2K | — | 70K | 98K | $8M |
| LPL Financial LLC | 50K | 57K | 57K | 99K | 167K | 98K | $8M |
| Kingsview Wealth Management, LLC | — | — | — | — | — | 93K | $7M |
| Herold Advisors, Inc. | 37K | 42K | 41K | 48K | 51K | 57K | $4M |
| GOLDMAN SACHS GROUP INC | 36K | 27K | 32K | 27K | 5K | 43K | $3M |
| Advantage Trust Co | — | — | — | — | — | 38K | $3M |
| Summit Financial, LLC | — | — | — | 24K | 32K | 32K | $3M |
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 | |
|---|---|---|---|
| NORTHERN TRUST CORP | +474,653 | $37M | ADD |
| ENVESTNET ASSET MANAGEMENT INC | +234,645 | $18M | ADD |
| MML INVESTORS SERVICES, LLC | +158,452 | $12M | ADD |
| Fiduciary Planning LLC | +105,141 | $8M | OPEN |
| Kingsview Wealth Management, LLC | +93,465 | $7M | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| LPL Financial LLC | −68,827 | $5M | TRIM |
| Equitable Holdings, Inc. | −18,691 | $1M | CLOSE |
| Hilltop Holdings Inc. | −17,242 | $1M | CLOSE |
| AXXCESS WEALTH MANAGEMENT, LLC | −3,331 | $260,351 | CLOSE |
| ROYAL BANK OF CANADA | −2,891 | $225,961 | 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 | 66 | 9,432,082 | — | $737M |
| 2025-Q4 | 58 | 8,162,251 | — | $661M |
| 2025-Q3 | 47 | 7,560,917 | — | $589M |
| 2025-Q2 | 46 | 6,879,005 | — | $489M |
| 2025-Q1 | 42 | 5,296,543 | — | $338M |
| 2024-Q4 | 47 | 4,644,442 | — | $308M |
| 2024-Q3 | 44 | 4,612,973 | — | $300M |
| 2024-Q2 | 43 | 3,068,328 | — | $189M |
| 2024-Q1 | 34 | 2,814,154 | — | $165M |
| 2023-Q4 | 36 | 2,782,534 | — | $147M |
| 2023-Q3 | 32 | 2,543,797 | — | $121M |
| 2023-Q2 | 32 | 2,472,419 | — | $122M |
| 2023-Q1 | 27 | 2,359,612 | — | $107M |
| 2022-Q4 | 30 | 2,297,396 | — | $98M |
| 2022-Q3 | 31 | 2,948,324 | — | $117M |
| 2022-Q2 | 33 | 2,877,565 | — | $121M |
| 2022-Q1 | 34 | 2,629,214 | — | $132M |
| 2021-Q4 | 36 | 2,375,556 | — | $124M |
| 2021-Q3 | 32 | 2,360,818 | — | $112M |
| 2021-Q2 | 28 | 1,592,978 | — | $75M |
| 2021-Q1 | 23 | 1,640,373 | — | $71M |
| 2020-Q4 | 19 | 1,679,571 | — | $68M |
| 2020-Q3 | 23 | 1,635,346 | — | $60M |
| 2020-Q2 | 20 | 1,570,755 | — | $54M |
| 2020-Q1 | 14 | 1,146,038 | — | $33M |
| 2019-Q4 | 16 | 1,063,605 | — | $39M |
| 2019-Q3 | 16 | 1,188,252 | — | $40M |
| 2019-Q2 | 18 | 1,144,973 | — | $39M |
| 2019-Q1 | 12 | 2,015,547 | — | $68M |
| 2018-Q4 | 13 | 1,551,970 | — | $47M |
| 2018-Q3 | 9 | 1,533,353 | — | $55M |
| 2018-Q2 | 8 | 1,182,901 | — | $40M |
| 2018-Q1 | 9 | 986,273 | — | $33M |
| 2017-Q4 | 5 | 820,175 | — | $27M |
| 2017-Q3 | 2 | 174,980 | — | $5M |
| 2017-Q2 | 1 | 162,754 | — | $5M |
| 2017-Q1 | 1 | 159,615 | — | $5M |
| 2016-Q4 | 3 | 146,514 | — | $4M |
| 2016-Q3 | 3 | 125,203 | — | $3M |
| 2016-Q2 | 2 | 72,945 | — | $2M |
| 2016-Q1 | 3 | 95,839 | — | $2M |
| 2015-Q4 | 2 | 51,888 | — | $1M |
