% of shares outstanding is not shown for SMHX: 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 SMHX 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 |
|---|---|---|---|---|---|---|---|
| ASSETMARK, INC | — | — | — | 222K | 310K | 378K | $14M |
| Black Swift Group, LLC | — | — | — | 346K | 325K | 323K | $12M |
| WBI INVESTMENTS, LLC | — | — | — | — | — | 98K | $4M |
| LPL Financial LLC | — | — | — | 9K | 121K | 86K | $3M |
| CITADEL ADVISORS LLC | 12K | 19K | 14K | — | — | 41K | $2M |
| GOLDMAN SACHS GROUP INC | — | — | — | — | 7K | 33K | $1M |
| Provenance Wealth Advisors, LLC | — | 26K | 45K | 45K | 45K | 32K | $1M |
| Echo45 Advisors LLC | — | — | — | — | 26K | 26K | $976,658 |
| HRT FINANCIAL LP | — | — | — | 7K | 71K | 21K | $766,000 |
| BXM Wealth LLC | — | — | 19K | 18K | 19K | 18K | $684,415 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | — | 19K | 20K | 30K | 20K | 14K | $513,739 |
| GRIMES & Co WEALTH MANAGEMENT, LLC | — | — | 14K | 14K | 14K | 13K | $500,940 |
| Cambridge Investment Research Advisors, Inc. | — | 12K | 12K | 9K | 8K | 11K | $426,000 |
| Columbus Macro, LLC | — | — | — | — | 9K | 10K | $372,205 |
| Cetera Investment Advisers | — | — | — | — | 7K | 8K | $306,517 |
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 | 40 | 1,177,645 | — | $44M |
| 2025-Q4 | 41 | 1,126,061 | — | $43M |
| 2025-Q3 | 24 | 873,232 | — | $33M |
| 2025-Q2 | 16 | 217,220 | — | $7M |
| 2025-Q1 | 9 | 151,779 | — | $4M |
| 2024-Q4 | 6 | 122,724 | — | $4M |
| 2024-Q3 | 2 | 51,664 | — | $1M |
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 | |
|---|---|---|---|
| WBI INVESTMENTS, LLC | +98,329 | $4M | OPEN |
| ASSETMARK, INC | +68,436 | $3M | ADD |
| CITADEL ADVISORS LLC | +40,517 | $2M | OPEN |
| GOLDMAN SACHS GROUP INC | +25,674 | $955,959 | ADD |
| Maridea Wealth Management LLC | +6,970 | $259,524 | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Dakota Wealth Management | −58,115 | $2M | CLOSE |
| HRT FINANCIAL LP | −50,182 | $2M | TRIM |
| LPL Financial LLC | −35,473 | $1M | TRIM |
| Tower Research Capital LLC (TRC) | −27,357 | $1M | CLOSE |
| Provenance Wealth Advisors, LLC | −13,067 | $486,543 | 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).
