% of shares outstanding is not shown for SMDV: 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 SMDV 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 |
|---|---|---|---|---|---|---|---|
| MORGAN STANLEY | 1.1M | 1.1M | 1.1M | 982K | 947K | 946K | $65M |
| UBS Group AG | 445K | 447K | 378K | 412K | 412K | 419K | $29M |
| Capital Investment Advisors, LLC | 431K | 418K | 420K | 413K | 404K | 400K | $27M |
| RAYMOND JAMES FINANCIAL INC | 315K | 302K | 293K | 294K | 318K | 321K | $22M |
| WELLS FARGO & COMPANY/MN | 460K | 421K | 349K | 311K | 293K | 291K | $20M |
| BANK OF AMERICA CORP /DE/ | 279K | 283K | 280K | 281K | 279K | 277K | $19M |
| LPL Financial LLC | 261K | 263K | 275K | 266K | 250K | 246K | $17M |
| ROYAL BANK OF CANADA | 221K | 222K | 397K | 209K | 209K | 202K | $14M |
| TOTH FINANCIAL ADVISORY CORP | 193K | 194K | 191K | 193K | 191K | 190K | $13M |
| Baird Financial Group, Inc. | 125K | 125K | 125K | 127K | 133K | 137K | $9M |
| Arlington Trust Co LLC | 144K | 145K | 140K | 135K | 134K | 129K | $9M |
| &PARTNERS | 112K | 122K | 156K | 120K | 116K | 113K | $8M |
| TRUIST FINANCIAL CORP | 92K | 115K | 117K | 113K | 85K | 79K | $5M |
| Landmark Wealth Management, LLC | 69K | 48K | 48K | 49K | 52K | 66K | $5M |
| Sanctuary Advisors, LLC | 55K | 54K | 58K | 112K | 58K | 59K | $4M |
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 | |
|---|---|---|---|
| Equitable Holdings, Inc. | +17,169 | $1M | ADD |
| GOLDMAN SACHS GROUP INC | +14,924 | $1M | ADD |
| Cambridge Investment Research Advisors, Inc. | +14,260 | $980,945 | ADD |
| Landmark Wealth Management, LLC | +13,562 | $932,930 | ADD |
| FIFTH THIRD BANCORP | +9,912 | $681,846 | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| ForthRight Wealth Management, LLC | −69,179 | $5M | TRIM |
| COMMONWEALTH EQUITY SERVICES, LLC | −64,231 | $4M | TRIM |
| COMERICA BANK | −9,937 | $683,566 | CLOSE |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | −8,974 | $617,321 | TRIM |
| Fisher Asset Management, LLC | −8,800 | $605,352 | 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 | 131 | 4,937,925 | — | $340M |
| 2025-Q4 | 135 | 5,075,609 | — | $335M |
| 2025-Q3 | 129 | 5,254,724 | — | $350M |
| 2025-Q2 | 130 | 5,604,139 | — | $365M |
| 2025-Q1 | 129 | 5,526,968 | — | $363M |
| 2024-Q4 | 141 | 5,618,708 | — | $380M |
| 2024-Q3 | 128 | 5,671,656 | — | $393M |
| 2024-Q2 | 131 | 5,603,309 | — | $347M |
| 2024-Q1 | 129 | 9,775,302 | — | $627M |
| 2023-Q4 | 129 | 9,203,905 | — | $598M |
| 2023-Q3 | 126 | 7,831,021 | — | $443M |
| 2023-Q2 | 126 | 7,886,896 | — | $466M |
| 2023-Q1 | 128 | 7,867,413 | — | $473M |
| 2022-Q4 | 130 | 7,766,675 | — | $476M |
| 2022-Q3 | 116 | 8,735,392 | — | $399M |
| 2022-Q2 | 128 | 8,380,981 | — | $493M |
| 2022-Q1 | 123 | 10,300,537 | — | $541M |
| 2021-Q4 | 132 | 7,863,903 | — | $523M |
| 2021-Q3 | 116 | 7,564,951 | — | $467M |
| 2021-Q2 | 116 | 8,058,057 | — | $513M |
| 2021-Q1 | 112 | 7,831,844 | — | $512M |
| 2020-Q4 | 108 | 6,063,909 | — | $348M |
| 2020-Q3 | 96 | 5,703,663 | — | $269M |
| 2020-Q2 | 92 | 6,014,378 | — | $291M |
| 2020-Q1 | 99 | 5,900,658 | — | $273M |
| 2019-Q4 | 115 | 6,776,516 | — | $419M |
| 2019-Q3 | 105 | 6,312,767 | — | $375M |
| 2019-Q2 | 100 | 5,825,139 | — | $350M |
| 2019-Q1 | 83 | 4,681,390 | — | $273M |
| 2018-Q4 | 78 | 4,219,515 | — | $227M |
| 2018-Q3 | 69 | 3,801,726 | — | $214M |
| 2018-Q2 | 71 | 3,653,464 | — | $200M |
| 2018-Q1 | 61 | 3,515,313 | — | $189M |
| 2017-Q4 | 61 | 3,988,718 | — | $220M |
| 2017-Q3 | 53 | 3,878,296 | — | $217M |
| 2017-Q2 | 56 | 3,730,360 | — | $203M |
| 2017-Q1 | 50 | 4,393,694 | — | $233M |
| 2016-Q4 | 45 | 3,534,264 | — | $190M |
| 2016-Q3 | 33 | 1,312,457 | — | $63M |
| 2016-Q2 | 26 | 922,512 | — | $43M |
| 2016-Q1 | 16 | 297,197 | — | $13M |
| 2015-Q4 | 9 | 163,121 | — | $7M |
| 2015-Q3 | 5 | 170,135 | — | $6M |
| 2015-Q2 | 2 | 88,071 | — | $4M |
| 2015-Q1 | 2 | 86,829 | — | $4M |
