% of shares outstanding is not shown for RCS: 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 RCS 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 | Cambridge Investment Research Advisors, Inc. | 1,263,0791.3M | $7M | — | TRIM -16% |
| 2 | MORGAN STANLEY | 698,953698,953 | $4M | — | ADD 3% |
| 3 | BENJAMIN EDWARDS INC | 450,393450,393 | $2M | — | ADD 4% |
| 4 | COMMONWEALTH EQUITY SERVICES, LLC | 289,620289,620 | $2M | — | TRIM -12% |
| 5 | LPL Financial LLC | 283,126283,126 | $2M | — | TRIM -23% |
| 6 | OSAIC HOLDINGS, INC. | 230,313230,313 | $1M | — | TRIM -20% |
| 7 | MILESTONE ASSET MANAGEMENT, LLC | 147,191147,191 | $788,946 | — | TRIM -15% |
| 8 | Medallion Wealth Advisors, LLC | 111,352111,352 | $596,848 | — | — |
| 9 | Janney Montgomery Scott LLC | 100,205100,205 | $537,000 | — | TRIM -4% |
| 10 | SILVER OAK SECURITIES, INCORPORATED | 99,36799,367 | $532,607 | — | TRIM -4% |
| 11 | Bravias Capital Group, LLC | 76,85076,850 | $411,915 | — | — |
| 12 | Kestra Advisory Services, LLC | 73,10673,106 | $391,846 | — | — |
| 13 | MERCER GLOBAL ADVISORS INC /ADV | 71,65071,650 | $384,044 | — | — |
| 14 | Keystone Financial Group | 62,46362,463 | $334,800 | — | ADD 8% |
| 15 | Cetera Investment Advisers | 53,82453,824 | $288,496 | — | TRIM -7% |
| 16 | Mariner, LLC | 51,83451,834 | $277,833 | — | TRIM -14% |
| 17 | RAYMOND JAMES FINANCIAL INC | 49,56049,560 | $265,642 | — | TRIM -45% |
| 18 | Equitable Holdings, Inc. | 46,30246,302 | $257,902 | — | ADD 11% |
| 19 | BANK OF AMERICA CORP /DE/ | 41,20241,202 | $220,841 | — | ADD 3% |
| 20 | Straight Path Wealth Management | 39,90039,900 | $213,864 | — | ADD 3% |
| 21 | Owen LaRue, LLC | 33,44833,448 | $179,281 | — | TRIM -36% |
| 22 | Mutual Advisors, LLC | 30,79430,794 | $165,058 | — | ADD 85% |
| 23 | Compound Planning, Inc. | 29,63929,639 | $158,865 | — | — |
| 24 | Virtu Financial LLC | 28,56528,565 | $153,000 | — | ADD 31% |
| 25 | Van Diest Capital, LLC | 25,29225,292 | $135,568 | — | NEW |
| 26 | Ameritas Advisory Services, LLC | 24,90924,909 | $133,512 | — | — |
| 27 | Kovack Advisors, Inc. | 23,57523,575 | $129,388 | — | — |
| 28 | Clearbridge Investments, LLC | 22,37622,376 | $119,935 | — | ADD 26% |
| 29 | Focus Partners Wealth | 21,88421,884 | $117,959 | — | ADD 32% |
| 30 | UBS Group AG | 21,95121,951 | $117,657 | — | TRIM -95% |
| 31 | Barnes Wealth Management Group, Inc | 20,87520,875 | $111,890 | — | ADD 17% |
| 32 | HighTower Advisors, LLC | 20,71820,718 | $111,048 | — | NEW |
| 33 | ENVESTNET ASSET MANAGEMENT INC | 19,29519,295 | $103,421 | — | TRIM -24% |
| 34 | ARMSTRONG ADVISORY GROUP, INC | 15,23115,231 | $81,639 | — | — |
| 35 | ROYAL BANK OF CANADA | 14,23614,236 | $76,000 | — | ADD 15% |
| 36 | CAPTRUST FINANCIAL ADVISORS | 12,83412,834 | $68,790 | — | NEW |
| 37 | MRA Advisory Group | 12,20212,202 | $65,401 | — | — |
| 38 | TRUIST FINANCIAL CORP | 11,78411,784 | $63,162 | — | NEW |
| 39 | Creative Planning | 10,85410,854 | $58,177 | — | TRIM -18% |
| 40 | MML INVESTORS SERVICES, LLC | 10,54710,547 | $56,530 | — | — |
| 41 | Focus Partners Advisor Solutions, LLC | 10,23310,233 | $54,849 | — | NEW |
| 42 | Keudell/Morrison Wealth Management | 10,00010,000 | $53,600 | — | — |
| 43 | HARBOUR INVESTMENTS, INC. | 6,5206,520 | $34,948 | — | — |
| 44 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 5,7725,772 | $30,938 | — | ADD 82% |
| 45 | FIFTH THIRD BANCORP | 5,2955,295 | $28,381 | — | NEW |
| 46 | CoreCap Advisors, LLC | 5,1755,175 | $27,738 | — | — |
| 47 | Pinnacle Wealth Planning Services, Inc. | 4,3304,330 | $23,209 | — | — |
| 48 | Main Street Group, LTD | 4,1704,170 | $22,351 | — | NEW |
| 49 | IFP Advisors, Inc | 4,1004,100 | $21,976 | — | — |
| 50 | JONES FINANCIAL COMPANIES LLLP | 3,0003,000 | $15,420 | — | NEW |
| 51 | Scarborough Advisors, LLC | 2,5622,562 | $13,731 | — | TRIM -29% |
| 52 | Smallwood Wealth Investment Management, LLC | 2,3242,324 | $12,461 | — | — |
| 53 | Farther Finance Advisors, LLC | 1,0851,085 | $5,957 | — | — |
| 54 | SHP Wealth Management | 659659 | $3,533 | — | — |
| 55 | Triumph Capital Management | 500500 | $2,700 | — | — |
| 56 | FNY Investment Advisers, LLC | 500500 | $2,000 | — | TRIM -75% |
| 57 | HIGHLINE WEALTH PARTNERS LLC | 300300 | $1,608 | — | — |
| 58 | EASTERN BANK | 143143 | $766 | — | — |
| 59 | Allworth Financial LP | 100100 | $536 | — | TRIM -99% |
| 60 | MAI Capital Management | 55 | $27 | — | — |
| 61 | PNC FINANCIAL SERVICES GROUP, INC. | 00 | $2 | — | NEW |
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 |
|---|---|---|---|---|---|---|---|
| Cambridge Investment Research Advisors, Inc. | 817K | 2.0M | 1.9M | 1.9M | 1.5M | 1.3M | $7M |
| MORGAN STANLEY | 399K | 664K | 672K | 690K | 678K | 699K | $4M |
| BENJAMIN EDWARDS INC | 391K | 405K | 425K | 436K | 435K | 450K | $2M |
| COMMONWEALTH EQUITY SERVICES, LLC | 410K | 409K | 411K | 334K | 328K | 290K | $2M |
| LPL Financial LLC | 1.2M | 920K | 637K | 283K | 370K | 283K | $2M |
| OSAIC HOLDINGS, INC. | 913K | 937K | 963K | 1.0M | 287K | 230K | $1M |
| MILESTONE ASSET MANAGEMENT, LLC | 134K | 166K | 159K | 125K | 173K | 147K | $788,946 |
| Medallion Wealth Advisors, LLC | 125K | 125K | 111K | 118K | 113K | 111K | $596,848 |
| Janney Montgomery Scott LLC | 123K | 142K | 125K | 129K | 105K | 100K | $537,000 |
| SILVER OAK SECURITIES, INCORPORATED | — | — | — | — | 103K | 99K | $532,607 |
| Bravias Capital Group, LLC | 83K | 84K | 85K | 82K | 76K | 77K | $411,915 |
| Kestra Advisory Services, LLC | 691K | — | — | 43K | 72K | 73K | $391,846 |
| MERCER GLOBAL ADVISORS INC /ADV | 150K | 150K | 151K | 151K | 72K | 72K | $384,044 |
| Keystone Financial Group | 53K | 54K | 54K | 54K | 58K | 62K | $334,800 |
| Cetera Investment Advisers | 59K | 71K | 73K | 69K | 58K | 54K | $288,496 |
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 | |
|---|---|---|---|
| Van Diest Capital, LLC | +25,292 | $135,565 | OPEN |
| HighTower Advisors, LLC | +20,718 | $111,048 | OPEN |
| MORGAN STANLEY | +20,583 | $110,325 | ADD |
| BENJAMIN EDWARDS INC | +15,601 | $83,621 | ADD |
| Mutual Advisors, LLC | +14,105 | $75,603 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| UBS Group AG | −386,316 | $2M | TRIM |
| Cambridge Investment Research Advisors, Inc. | −241,008 | $1M | TRIM |
| Marex Group plc | −102,590 | $549,882 | CLOSE |
| GOLDMAN SACHS GROUP INC | −94,493 | $506,482 | CLOSE |
| NewEdge Advisors, LLC | −87,936 | $471,337 | 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 | 61 | 4,718,072 | — | $25M |
| 2025-Q4 | 66 | 5,940,932 | — | $33M |
| 2025-Q3 | 62 | 6,825,066 | — | $51M |
| 2025-Q2 | 70 | 7,606,748 | — | $53M |
| 2025-Q1 | 64 | 7,956,564 | — | $50M |
| 2024-Q4 | 71 | 7,627,960 | — | $58M |
| 2024-Q3 | 58 | 7,497,714 | — | $58M |
| 2024-Q2 | 54 | 6,661,587 | — | $41M |
| 2024-Q1 | 55 | 7,705,181 | — | $47M |
| 2023-Q4 | 56 | 7,446,596 | — | $45M |
| 2023-Q3 | 53 | 7,511,875 | — | $40M |
| 2023-Q2 | 47 | 6,662,128 | — | $35M |
| 2023-Q1 | 51 | 7,125,582 | — | $38M |
| 2022-Q4 | 52 | 7,709,508 | — | $38M |
| 2022-Q3 | 46 | 7,162,287 | — | $34M |
| 2022-Q2 | 54 | 7,846,761 | — | $40M |
| 2022-Q1 | 58 | 8,885,012 | — | $52M |
| 2021-Q4 | 56 | 9,133,625 | — | $62M |
| 2021-Q3 | 58 | 9,046,926 | — | $64M |
| 2021-Q2 | 55 | 8,995,533 | — | $68M |
| 2021-Q1 | 66 | 8,337,120 | — | $61M |
| 2020-Q4 | 68 | 8,166,070 | — | $57M |
| 2020-Q3 | 60 | 6,983,931 | — | $45M |
| 2020-Q2 | 57 | 6,050,084 | — | $39M |
| 2020-Q1 | 62 | 6,089,086 | — | $37M |
| 2019-Q4 | 60 | 4,983,766 | — | $45M |
| 2019-Q3 | 55 | 4,502,230 | — | $42M |
| 2019-Q2 | 59 | 3,855,074 | — | $37M |
| 2019-Q1 | 53 | 3,203,546 | — | $34M |
| 2018-Q4 | 61 | 3,311,015 | — | $32M |
| 2018-Q3 | 54 | 2,896,281 | — | $28M |
| 2018-Q2 | 54 | 2,463,779 | — | $24M |
| 2018-Q1 | 53 | 2,722,817 | — | $25M |
| 2017-Q4 | 53 | 2,733,687 | — | $25M |
| 2017-Q3 | 43 | 2,180,755 | — | $21M |
| 2017-Q2 | 44 | 1,926,554 | — | $20M |
| 2017-Q1 | 46 | 2,530,362 | — | $24M |
| 2016-Q4 | 46 | 2,524,823 | — | $22M |
| 2016-Q3 | 45 | 2,357,633 | — | $24M |
| 2016-Q2 | 42 | 2,201,316 | — | $21M |
| 2016-Q1 | 43 | 2,744,955 | — | $24M |
| 2015-Q4 | 47 | 2,783,234 | — | $24M |
| 2015-Q3 | 46 | 2,776,960 | — | $23M |
| 2015-Q2 | 47 | 2,165,619 | — | $19M |
| 2015-Q1 | 43 | 1,384,820 | — | $13M |
| 2014-Q4 | 43 | 1,923,290 | — | $20M |
| 2014-Q3 | 43 | 1,520,517 | — | $14M |
| 2014-Q2 | 40 | 1,551,669 | — | $16M |
| 2014-Q1 | 39 | 1,662,288 | — | $17M |
| 2013-Q4 | 44 | 1,544,242 | — | $15M |
| 2013-Q3 | 42 | 1,470,267 | — | $15M |
| 2013-Q2 | 39 | 1,544,210 | — | $16M |
