% of shares outstanding is not shown for RAAX: 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 RAAX 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 |
|---|---|---|---|---|---|---|---|
| LPL Financial LLC | 418K | 464K | 776K | 1.2M | 1.8M | 3.2M | $130M |
| CWM, LLC | — | — | — | — | 216K | 2.4M | $99M |
| Cetera Investment Advisers | 8K | 8K | 8K | 31K | 49K | 1.1M | $43M |
| Berger Financial Group, Inc | — | — | — | — | — | 810K | $33M |
| BEAM WEALTH ADVISORS, INC. | 504K | 528K | 658K | 702K | 733K | 707K | $29M |
| STRAIGHTLINE GROUP LLC | — | — | — | — | — | 473K | $19M |
| ASSETMARK, INC | — | — | 1K | 1K | 361K | 407K | $17M |
| Beaumont Financial Advisors, LLC | — | — | — | — | 193K | 363K | $15M |
| RAYMOND JAMES FINANCIAL INC | 11K | — | 8K | 10K | 12K | 281K | $11M |
| MinichMacGregor Wealth Management, LLC | — | — | — | — | — | 263K | $11M |
| ERn Financial, LLC | — | — | — | — | 98K | 210K | $9M |
| New England Private Wealth Advisors LLC | — | — | — | — | 35K | 166K | $7M |
| RIVERSEDGE ADVISORS, LLC | — | — | — | — | — | 160K | $7M |
| Black Swift Group, LLC | — | — | — | — | — | 147K | $6M |
| Redhawk Wealth Advisors, Inc. | — | — | — | — | — | 126K | $5M |
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 | |
|---|---|---|---|
| CWM, LLC | +2,218,278 | $90M | ADD |
| LPL Financial LLC | +1,392,900 | $57M | ADD |
| Cetera Investment Advisers | +1,013,989 | $41M | ADD |
| Berger Financial Group, Inc | +809,945 | $33M | OPEN |
| STRAIGHTLINE GROUP LLC | +473,126 | $19M | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Main Street Financial Solutions, LLC | −45,143 | $2M | CLOSE |
| Austin Wealth Management, LLC | −42,406 | $2M | TRIM |
| BEAM WEALTH ADVISORS, INC. | −26,501 | $1M | TRIM |
| Robertson Stephens Wealth Management, LLC | −25,982 | $1M | TRIM |
| JANE STREET GROUP, LLC | −22,068 | $898,388 | 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 | 129 | 13,624,866 | — | $555M |
| 2025-Q4 | 82 | 5,068,172 | — | $177M |
| 2025-Q3 | 64 | 3,151,478 | — | $109M |
| 2025-Q2 | 55 | 2,507,268 | — | $78M |
| 2025-Q1 | 43 | 1,853,665 | — | $56M |
| 2024-Q4 | 38 | 1,767,769 | — | $50M |
| 2024-Q3 | 36 | 1,632,853 | — | $47M |
| 2024-Q2 | 34 | 1,821,819 | — | $50M |
| 2024-Q1 | 35 | 2,038,233 | — | $55M |
| 2023-Q4 | 35 | 3,102,454 | — | $79M |
| 2023-Q3 | 36 | 2,611,554 | — | $66M |
| 2023-Q2 | 37 | 2,291,039 | — | $57M |
| 2023-Q1 | 39 | 2,779,797 | — | $70M |
| 2022-Q4 | 41 | 3,370,544 | — | $84M |
| 2022-Q3 | 42 | 3,085,628 | — | $71M |
| 2022-Q2 | 42 | 3,005,305 | — | $74M |
| 2022-Q1 | 25 | 595,365 | — | $17M |
| 2021-Q4 | 14 | 501,500 | — | $13M |
| 2021-Q3 | 9 | 207,479 | — | $5M |
| 2021-Q2 | 5 | 20,272 | — | $522,000 |
| 2021-Q1 | 5 | 28,853 | — | $694,000 |
| 2020-Q4 | 7 | 489,031 | — | $11M |
| 2020-Q3 | 6 | 237,549 | — | $5M |
| 2020-Q2 | 5 | 246,337 | — | $5M |
| 2020-Q1 | 6 | 284,960 | — | $5M |
| 2019-Q4 | 8 | 390,953 | — | $10M |
| 2019-Q3 | 7 | 463,097 | — | $12M |
| 2019-Q2 | 5 | 476,833 | — | $12M |
| 2019-Q1 | 5 | 462,185 | — | $12M |
| 2018-Q4 | 4 | 341,859 | — | $8M |
| 2018-Q3 | 3 | 377,777 | — | $10M |
| 2018-Q2 | 1 | 100,000 | — | $3M |
