% of shares outstanding is not shown for SMH: 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 SMH 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 | BANK OF AMERICA CORP /DE/ | 10,459,46910.5M | $4.0B | — | TRIM -14% |
| 2 | MORGAN STANLEY | 5,462,8725.5M | $2.1B | — | ADD 106% |
| 3 | LPL Financial LLC | 2,824,7002.8M | $1.1B | — | ADD 4% |
| 4 | JPMORGAN CHASE & CO | 1,819,2851.8M | $660M | — | ADD 64% |
| 5 | UBS Group AG | 1,342,7011.3M | $515M | — | TRIM -12% |
| 6 | MENORA MIVTACHIM HOLDINGS LTD. | 1,196,3601.2M | $459M | — | ADD 133% |
| 7 | BNP PARIBAS FINANCIAL MARKETS | 1,132,5141.1M | $434M | — | ADD 23% |
| 8 | CITIGROUP INC | 934,355934,355 | $358M | — | TRIM -35% |
| 9 | WELLS FARGO & COMPANY/MN | 918,973918,973 | $352M | — | ADD 8% |
| 10 | MEITAV INVESTMENT HOUSE LTD | 905,426905,426 | $347M | — | ADD 17% |
| 11 | Migdal Insurance & Financial Holdings Ltd. | 760,447760,447 | $292M | — | ADD 88% |
| 12 | ENVESTNET ASSET MANAGEMENT INC | 746,218746,218 | $286M | — | ADD 39% |
| 13 | GOLDMAN SACHS GROUP INC | 644,796644,796 | $247M | — | TRIM -32% |
| 14 | RAYMOND JAMES FINANCIAL INC | 620,983620,983 | $238M | — | ADD 10% |
| 15 | Saudi Central Bank | 602,006602,006 | $231M | — | — |
| 16 | Clal Insurance Enterprises Holdings Ltd | 570,000570,000 | $219M | — | ADD 107% |
| 17 | ROYAL BANK OF CANADA | 556,272556,272 | $213M | — | TRIM -6% |
| 18 | Hel Ved Capital Management Ltd | 536,200536,200 | $206M | — | NEW |
| 19 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 535,281535,281 | $205M | — | TRIM -2% |
| 20 | Harel Insurance Investments & Financial Services Ltd. | 534,268534,268 | $205M | — | TRIM -55% |
| 21 | Cetera Investment Advisers | 511,623511,623 | $196M | — | ADD 3% |
| 22 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 458,822458,822 | $176M | — | ADD 188% |
| 23 | RiverFront Investment Group, LLC | 427,354427,354 | $164M | — | ADD 7% |
| 24 | RENAISSANCE TECHNOLOGIES LLC | 369,487369,487 | $142M | — | NEW |
| 25 | AMERIPRISE FINANCIAL INC | 362,136362,136 | $139M | — | TRIM -14% |
| 26 | Squarepoint Ops LLC | 351,287351,287 | $135M | — | ADD 92% |
| 27 | OSAIC HOLDINGS, INC. | 318,266318,266 | $122M | — | ADD 13% |
| 28 | Rockefeller Capital Management L.P. | 303,533303,533 | $116M | — | TRIM -10% |
| 29 | MML INVESTORS SERVICES, LLC | 258,729258,729 | $99M | — | TRIM -8% |
| 30 | Mirae Asset Global Investments Co., Ltd. | 210,660210,660 | $81M | — | ADD 549% |
| 31 | D. E. Shaw & Co., Inc. | 199,461199,461 | $76M | — | NEW |
| 32 | Howard Capital Management Inc. | 197,200197,200 | $76M | — | NEW |
| 33 | Cambridge Investment Research Advisors, Inc. | 193,697193,697 | $74M | — | TRIM -8% |
| 34 | BARCLAYS PLC | 190,843190,843 | $73M | — | ADD 30% |
| 35 | JONES FINANCIAL COMPANIES LLLP | 193,451193,451 | $72M | — | ADD 23% |
| 36 | COMMONWEALTH EQUITY SERVICES, LLC | 187,658187,658 | $72M | — | TRIM -30% |
| 37 | Cornerstone Advisors, LLC | 177,495177,495 | $68M | — | ADD 28% |
| 38 | MARSHALL WACE, LLP | 176,757176,757 | $68M | — | NEW |
| 39 | Moss Adams Wealth Advisors LLC | 173,466173,466 | $67M | — | TRIM -2% |
| 40 | Portfolio Strategies, Inc. | 163,291163,291 | $63M | — | TRIM -21% |
| 41 | Private Advisor Group, LLC | 163,100163,100 | $63M | — | ADD 41% |
| 42 | PRUDENTIAL PLC | 153,470153,470 | $59M | — | ADD 64% |
| 43 | Kestra Advisory Services, LLC | 145,358145,358 | $56M | — | ADD 82% |
| 44 | Fisher Asset Management, LLC | 144,575144,575 | $55M | — | TRIM -8% |
| 45 | STIFEL FINANCIAL CORP | 138,216138,216 | $53M | — | ADD 3% |
| 46 | NewEdge Wealth, LLC | 120,894120,894 | $46M | — | — |
| 47 | BlackRock, Inc. | 119,253119,253 | $46M | — | ADD 4% |
| 48 | Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD | 114,041114,041 | $44M | — | ADD 12% |
| 49 | J.Safra Asset Management Corp | 113,602113,602 | $44M | — | ADD 4% |
| 50 | Mariner, LLC | 107,566107,566 | $41M | — | ADD 3% |
| 51 | Thrivent Financial for Lutherans | 107,252107,252 | $41M | — | TRIM -5% |
| 52 | BANK OF MONTREAL /CAN/ | 102,699102,699 | $39M | — | ADD 49% |
| 53 | HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 100,000100,000 | $38M | — | TRIM -78% |
| 54 | Janney Montgomery Scott LLC | 98,73398,733 | $38M | — | ADD 9% |
| 55 | Wealthfront Advisers LLC | 98,37198,371 | $38M | — | ADD 5% |
| 56 | Kraft, Davis & Associates, LLC | 73,66773,667 | $37M | — | TRIM -7% |
| 57 | Miller Investment Management, LP | 94,90794,907 | $36M | — | — |
| 58 | SIMPLEX TRADING, LLC | 93,70193,701 | $36M | — | ADD 21% |
| 59 | Focus Partners Wealth | 93,43793,437 | $36M | — | TRIM -87% |
| 60 | GM Advisory Group, LLC | 93,21793,217 | $36M | — | ADD 62% |
| 61 | TWO SIGMA INVESTMENTS, LP | 92,30192,301 | $35M | — | TRIM -86% |
| 62 | Bouchey Financial Group Ltd | 81,82381,823 | $35M | — | ADD 61% |
| 63 | JANE STREET GROUP, LLC | 91,80191,801 | $35M | — | NEW |
| 64 | Rezny Wealth Management, Inc. | 91,28291,282 | $35M | — | TRIM -5% |
| 65 | Concurrent Investment Advisors, LLC | 88,68888,688 | $34M | — | TRIM -7% |
| 66 | Round Rock Advisors LLC | 86,79286,792 | $33M | — | — |
| 67 | Yarbrough Capital, LLC | 81,14881,148 | $31M | — | — |
| 68 | Summit Financial, LLC | 80,90680,906 | $31M | — | ADD 12% |
| 69 | University of Illinois Foundation | 78,24478,244 | $30M | — | ADD 98% |
| 70 | ASSETMARK, INC | 78,08778,087 | $30M | — | ADD 25% |
| 71 | LYELL WEALTH MANAGEMENT, LP | 77,90577,905 | $30M | — | — |
| 72 | FMR LLC | 77,02077,020 | $30M | — | — |
| 73 | Kozak & Associates, Inc. | 65,17165,171 | $29M | — | — |
| 74 | Parker Investment Management, LLC | 75,16575,165 | $29M | — | NEW |
| 75 | SG Americas Securities, LLC | 70,78870,788 | $27M | — | ADD 687% |
| 76 | Allianz Asset Management GmbH | 70,46070,460 | $27M | — | ADD 22% |
| 77 | EP Wealth Advisors, LLC | 68,35368,353 | $26M | — | ADD 140% |
| 78 | Pine Ridge Advisers LLC | 68,23568,235 | $26M | — | — |
| 79 | Navigation Group, LLC | 67,41167,411 | $26M | — | NEW |
| 80 | GREAT VALLEY ADVISOR GROUP, INC. | 65,12865,128 | $25M | — | ADD 43% |
| 81 | Horizon Wealth Management, LLC | 64,52264,522 | $25M | — | ADD 59% |
| 82 | CTC LLC | 64,42064,420 | $25M | — | NEW |
| 83 | WESPAC Advisors SoCal, LLC | 61,15761,157 | $23M | — | TRIM -13% |
| 84 | Agave Capital Management Ltd | 62,95862,958 | $23M | — | TRIM -9% |
| 85 | PARK AVENUE SECURITIES LLC | 60,51760,517 | $23M | — | ADD 21% |
| 86 | TD Waterhouse Canada Inc. | 59,14659,146 | $23M | — | TRIM -6% |
| 87 | Prospera Financial Services Inc | 59,88059,880 | $23M | — | ADD 5% |
| 88 | INDEPENDENT FINANCIAL GROUP, LLC | 58,75158,751 | $23M | — | — |
| 89 | Steward Partners Investment Advisory, LLC | 57,67257,672 | $22M | — | ADD 6% |
| 90 | HighTower Advisors, LLC | 57,05857,058 | $22M | — | — |
| 91 | Principle Wealth Partners LLC | 56,84956,849 | $22M | — | TRIM -3% |
| 92 | UNITED CAPITAL FINANCIAL ADVISORS, LLC | 55,57555,575 | $21M | — | — |
| 93 | Equitable Holdings, Inc. | 58,12358,123 | $21M | — | TRIM -14% |
| 94 | SCOTIA CAPITAL INC. | 53,26153,261 | $20M | — | TRIM -10% |
| 95 | Valence8 US LP | 53,13353,133 | $20M | — | — |
| 96 | TUDOR INVESTMENT CORP ET AL | 52,92752,927 | $20M | — | TRIM -32% |
| 97 | Mason & Associates Inc | 55,78455,784 | $20M | — | — |
| 98 | Rothschild Capital Partners, LLC | 52,53352,533 | $20M | — | ADD 10% |
| 99 | EXCHANGE TRADED CONCEPTS, LLC | 52,33652,336 | $20M | — | NEW |
| 100 | CONDOR CAPITAL MANAGEMENT | 51,15751,157 | $20M | — | ADD 7325% |
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 |
|---|---|---|---|---|---|---|---|
| BANK OF AMERICA CORP /DE/ | 11.8M | 12.9M | 12.5M | 12.7M | 12.2M | 10.5M | $4.0B |
| MORGAN STANLEY | 1.6M | 1.8M | 1.8M | 2.5M | 2.7M | 5.5M | $2.1B |
| LPL Financial LLC | 1.9M | 1.9M | 2.1M | 2.4M | 2.7M | 2.8M | $1.1B |
| JPMORGAN CHASE & CO | 1.4M | 755K | 1.5M | 2.4M | 1.1M | 1.8M | $660M |
| UBS Group AG | 1.8M | 2.1M | 1.7M | 1.6M | 1.5M | 1.3M | $515M |
| MENORA MIVTACHIM HOLDINGS LTD. | 335K | 497K | 574K | 576K | 514K | 1.2M | $459M |
| BNP PARIBAS FINANCIAL MARKETS | 1.3M | 2.0M | 2.1M | 1.4M | 920K | 1.1M | $434M |
| CITIGROUP INC | 308K | 643K | 718K | 702K | 1.4M | 934K | $358M |
| WELLS FARGO & COMPANY/MN | 635K | 618K | 745K | 814K | 850K | 919K | $352M |
| MEITAV INVESTMENT HOUSE LTD | 625K | 377K | 475K | 556K | 772K | 905K | $347M |
| Migdal Insurance & Financial Holdings Ltd. | 209K | 14 | 906K | 234K | 403K | 760K | $292M |
| ENVESTNET ASSET MANAGEMENT INC | 276K | 283K | 285K | 283K | 535K | 746K | $286M |
| GOLDMAN SACHS GROUP INC | 2.1M | 2.7M | 1.4M | 1.2M | 948K | 645K | $247M |
| RAYMOND JAMES FINANCIAL INC | 596K | 494K | 535K | 503K | 567K | 621K | $238M |
| Saudi Central Bank | 602K | — | 602K | 602K | 602K | 602K | $231M |
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 | |
|---|---|---|---|
| MORGAN STANLEY | +2,805,332 | $1.1B | ADD |
| Oasis Advisors, LLC | +2,112,708 | $810M | ADD |
| JPMORGAN CHASE & CO | +711,561 | $273M | ADD |
| MENORA MIVTACHIM HOLDINGS LTD. | +682,080 | $261M | ADD |
| Hel Ved Capital Management Ltd | +536,200 | $206M | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| BANK OF AMERICA CORP /DE/ | −1,714,713 | $657M | TRIM |
| Harel Insurance Investments & Financial Services Ltd. | −664,629 | $255M | TRIM |
| Focus Partners Wealth | −652,331 | $250M | TRIM |
| TWO SIGMA INVESTMENTS, LP | −544,450 | $209M | TRIM |
| BANK OF NOVA SCOTIA | −533,195 | $204M | 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 | 1,287 | 52,890,791 | — | $19.4B |
| 2025-Q4 | 1,207 | 49,398,695 | — | $17.7B |
| 2025-Q3 | 1,061 | 48,700,466 | — | $15.9B |
| 2025-Q2 | 1,015 | 50,956,304 | — | $14.2B |
| 2025-Q1 | 917 | 49,597,393 | — | $10.0B |
| 2024-Q4 | 967 | 48,896,481 | — | $11.8B |
| 2024-Q3 | 879 | 48,529,926 | — | $11.9B |
| 2024-Q2 | 856 | 49,114,961 | — | $12.7B |
| 2024-Q1 | 772 | 53,232,994 | — | $12.1B |
| 2023-Q4 | 664 | 47,241,468 | — | $8.4B |
| 2023-Q3 | 557 | 45,392,869 | — | $6.6B |
| 2023-Q2 | 525 | 38,910,966 | — | $5.9B |
| 2023-Q1 | 482 | 23,446,291 | — | $6.1B |
| 2022-Q4 | 429 | 22,426,055 | — | $4.5B |
| 2022-Q3 | 388 | 23,536,028 | — | $4.4B |
| 2022-Q2 | 421 | 21,999,123 | — | $4.5B |
| 2022-Q1 | 440 | 23,184,557 | — | $6.3B |
| 2021-Q4 | 449 | 14,125,316 | — | $4.4B |
| 2021-Q3 | 387 | 18,224,488 | — | $4.6B |
| 2021-Q2 | 377 | 16,823,740 | — | $4.4B |
| 2021-Q1 | 340 | 17,877,400 | — | $4.3B |
| 2020-Q4 | 296 | 14,540,697 | — | $3.2B |
| 2020-Q3 | 235 | 15,960,564 | — | $2.8B |
| 2020-Q2 | 213 | 16,796,814 | — | $2.6B |
| 2020-Q1 | 188 | 18,574,230 | — | $2.2B |
| 2019-Q4 | 180 | 16,736,544 | — | $2.4B |
| 2019-Q3 | 141 | 18,132,880 | — | $2.2B |
| 2019-Q2 | 141 | 22,939,102 | — | $2.5B |
| 2019-Q1 | 127 | 22,962,139 | — | $2.4B |
| 2018-Q4 | 137 | 24,626,786 | — | $2.1B |
| 2018-Q3 | 120 | 32,143,475 | — | $3.4B |
| 2018-Q2 | 131 | 32,255,273 | — | $3.3B |
| 2018-Q1 | 134 | 24,254,308 | — | $2.5B |
| 2017-Q4 | 122 | 19,181,696 | — | $1.9B |
| 2017-Q3 | 105 | 25,199,648 | — | $2.4B |
| 2017-Q2 | 97 | 21,251,427 | — | $1.7B |
| 2017-Q1 | 87 | 22,835,181 | — | $1.8B |
| 2016-Q4 | 85 | 20,796,384 | — | $1.5B |
| 2016-Q3 | 65 | 23,061,579 | — | $1.6B |
| 2016-Q2 | 52 | 19,144,946 | — | $1.1B |
| 2016-Q1 | 2 | 174,765 | — | $10M |
