% of shares outstanding is not shown for SEPT: 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 SEPT 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 | AE Wealth Management LLC | 1,296,5841.3M | $45M | — | — |
| 2 | COMMONWEALTH EQUITY SERVICES, LLC | 375,610375,610 | $13M | — | TRIM -5% |
| 3 | Wellment Financial | 92,39492,394 | $3M | — | TRIM -2% |
| 4 | SMART Wealth LLC | 91,07791,077 | $3M | — | TRIM -11% |
| 5 | FWG Investments, LLC. | 85,45485,454 | $3M | — | — |
| 6 | RAYMOND JAMES FINANCIAL INC | 60,21560,215 | $2M | — | TRIM -8% |
| 7 | LPL Financial LLC | 51,63351,633 | $2M | — | TRIM -9% |
| 8 | OSAIC HOLDINGS, INC. | 51,25951,259 | $2M | — | TRIM -13% |
| 9 | Cetera Investment Advisers | 37,79337,793 | $1M | — | — |
| 10 | OLD MISSION CAPITAL LLC | 35,74535,745 | $1M | — | NEW |
| 11 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 30,70830,708 | $1M | — | TRIM -13% |
| 12 | Nvest Financial, LLC | 28,29928,299 | $972,099 | — | TRIM -4% |
| 13 | FSA Advisors, Inc. | 25,65925,659 | $881,412 | — | ADD 7% |
| 14 | Quest 10 Wealth Builders, Inc. | 25,18125,181 | $864,993 | — | ADD 2% |
| 15 | Csenge Advisory Group | 20,00720,007 | $687,260 | — | TRIM -6% |
| 16 | Kestra Advisory Services, LLC | 17,60517,605 | $604,749 | — | ADD 212% |
| 17 | ENVESTNET ASSET MANAGEMENT INC | 17,22717,227 | $591,765 | — | — |
| 18 | INDEPENDENT FINANCIAL GROUP, LLC | 16,46016,460 | $565,417 | — | — |
| 19 | JIM SAULNIER & ASSOCIATES, LLC | 10,42710,427 | $358,178 | — | — |
| 20 | HARBOUR INVESTMENTS, INC. | 10,04210,042 | $344,953 | — | TRIM -19% |
| 21 | Sanctuary Advisors, LLC | 7,5007,500 | $257,633 | — | TRIM -10% |
| 22 | LifeWealth Investments, LLC | 7,3737,373 | $253,270 | — | TRIM -46% |
| 23 | Focus Financial Network, Inc. | 6,3666,366 | $218,678 | — | — |
| 24 | Allianz SE | 5,0005,000 | $171,755 | — | — |
| 25 | Farther Finance Advisors, LLC | 4,8284,828 | $166,811 | — | — |
| 26 | Elevated Capital Advisors, LLC | 2,6902,690 | $92,404 | — | TRIM -12% |
| 27 | Lloyd Advisory Services, LLC. | 1,9571,957 | $67,225 | — | TRIM -93% |
| 28 | Kingdom Financial Group LLC. | 1,9571,957 | $67,225 | — | TRIM -17% |
| 29 | Networth Advisors, LLC | 1,8571,857 | $63,790 | — | — |
| 30 | BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 1,6031,603 | $55,065 | — | — |
| 31 | Key Capital Management, INC | 1,0311,031 | $35,416 | — | ADD 2544% |
| 32 | AdvisorNet Financial, Inc | 1,0001,000 | $34,351 | — | — |
| 33 | IFP Advisors, Inc | 788788 | $27,069 | — | — |
| 34 | Decker Retirement Planning Inc. | 565565 | $19,408 | — | ADD 58% |
| 35 | UBS Group AG | 137137 | $4,706 | — | NEW |
| 36 | US BANCORP \DE\ | 8080 | $2,748 | — | NEW |
| 37 | JPMORGAN CHASE & CO | 1818 | $606 | — | TRIM -99% |
| 38 | BARCLAYS PLC | 66 | $206 | — | 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 |
|---|---|---|---|---|---|---|---|
| AE Wealth Management LLC | 13K | 4K | 3K | 1.3M | 1.3M | 1.3M | $45M |
| COMMONWEALTH EQUITY SERVICES, LLC | 56K | 49K | 55K | 428K | 395K | 376K | $13M |
| Wellment Financial | — | — | — | 95K | 95K | 92K | $3M |
| SMART Wealth LLC | — | — | — | — | 103K | 91K | $3M |
| FWG Investments, LLC. | — | — | — | 83K | 86K | 85K | $3M |
| RAYMOND JAMES FINANCIAL INC | 12K | 12K | 12K | 34K | 65K | 60K | $2M |
| LPL Financial LLC | 14K | 13K | 16K | 57K | 56K | 52K | $2M |
| OSAIC HOLDINGS, INC. | 83K | 68K | 52K | 62K | 59K | 51K | $2M |
| Cetera Investment Advisers | 21K | 20K | 20K | 38K | 38K | 38K | $1M |
| OLD MISSION CAPITAL LLC | 13K | 28K | — | — | — | 36K | $1M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 23K | 49K | 25K | 16K | 35K | 31K | $1M |
| Nvest Financial, LLC | 27K | 27K | 28K | 23K | 30K | 28K | $972,099 |
| FSA Advisors, Inc. | — | — | — | 25K | 24K | 26K | $881,412 |
| Quest 10 Wealth Builders, Inc. | — | — | — | 25K | 25K | 25K | $864,993 |
| Csenge Advisory Group | — | — | — | 20K | 21K | 20K | $687,260 |
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.
| Quarter | Holders | Shares held | % shares out | Value held |
|---|---|---|---|---|
| 2026-Q1 | 38 | 2,424,135 | — | $83M |
| 2025-Q4 | 34 | 2,470,061 | — | $87M |
| 2025-Q3 | 33 | 2,396,305 | — | $83M |
| 2025-Q2 | 24 | 374,839 | — | $12M |
| 2025-Q1 | 24 | 416,175 | — | $12M |
| 2024-Q4 | 25 | 468,880 | — | $14M |
| 2024-Q3 | 25 | 2,625,217 | — | $79M |
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 | |
|---|---|---|---|
| OLD MISSION CAPITAL LLC | +35,745 | $1M | OPEN |
| Kestra Advisory Services, LLC | +11,970 | $411,181 | ADD |
| FSA Advisors, Inc. | +1,691 | $58,088 | ADD |
| Key Capital Management, INC | +992 | $34,076 | ADD |
| Quest 10 Wealth Builders, Inc. | +501 | $17,210 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Lloyd Advisory Services, LLC. | −24,754 | $850,325 | TRIM |
| COMMONWEALTH EQUITY SERVICES, LLC | −19,062 | $654,799 | TRIM |
| SMART Wealth LLC | −11,723 | $402,697 | TRIM |
| OSAIC HOLDINGS, INC. | −7,535 | $258,835 | TRIM |
| LifeWealth Investments, LLC | −6,246 | $214,556 | 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).
| 2024-Q2 | 11 | 319,663 | — | $9M |
| 2024-Q1 | 12 | 351,556 | — | $10M |
| 2023-Q4 | 11 | 797,968 | — | $21M |
| 2023-Q3 | 7 | 410,747 | — | $10M |
