% of shares outstanding is not shown for SMLF: 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 SMLF 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 |
|---|---|---|---|---|---|---|---|
| Strategic Financial Services, Inc. | 3.6M | 3.6M | 3.7M | 3.7M | 3.8M | 3.8M | $290M |
| WELLS FARGO & COMPANY/MN | 1.6M | 1.9M | 2.1M | 2.2M | 2.3M | 3.0M | $224M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 469K | 441K | 491K | 440K | 425K | 2.6M | $195M |
| AMERIPRISE FINANCIAL INC | 753K | 1.1M | 1.6M | 1.8M | 2.4M | 2.0M | $150M |
| Advance Capital Management, Inc. | — | — | — | — | — | 1.5M | $117M |
| LPL Financial LLC | 481K | 631K | 964K | 1.2M | 1.4M | 1.5M | $117M |
| Valmark Advisers, Inc. | 334K | 366K | 371K | 1.1M | 1.2M | 1.3M | $101M |
| BANK OF AMERICA CORP /DE/ | 233K | 280K | 463K | 770K | 1.7M | 1.0M | $76M |
| Acropolis Investment Management, LLC | 801K | 837K | 871K | 915K | 969K | 979K | $74M |
| FMR LLC | 6K | 3.7M | 144K | 139K | 421K | 783K | $59M |
| Cetera Investment Advisers | 198K | 233K | 317K | 522K | 665K | 754K | $57M |
| Modern Wealth Management, LLC | — | 54K | 68K | 361K | 506K | 734K | $56M |
| VANTAGEPOINT INVESTMENT ADVISERS LLC | — | — | — | 667K | 667K | 667K | $50M |
| HighTower Advisors, LLC | 3K | 4K | 15K | 505K | 562K | 591K | $45M |
| Annex Advisory Services, LLC | — | — | — | — | — | 561K | $42M |
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 | |
|---|---|---|---|
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | +2,159,510 | $163M | ADD |
| Advance Capital Management, Inc. | +1,545,786 | $117M | OPEN |
| WELLS FARGO & COMPANY/MN | +639,878 | $48M | ADD |
| Annex Advisory Services, LLC | +560,961 | $42M | OPEN |
| FMR LLC | +361,369 | $27M | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| BANK OF AMERICA CORP /DE/ | −712,222 | $54M | TRIM |
| AMERIPRISE FINANCIAL INC | −421,736 | $32M | TRIM |
| Hennion & Walsh Asset Management, Inc. | −289,911 | $22M | CLOSE |
| Thrivent Financial for Lutherans | −247,371 | $19M | TRIM |
| Foundations Investment Advisors, LLC | −237,289 | $18M | 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 | 268 | 36,077,942 | — | $2.7B |
| 2025-Q4 | 264 | 31,048,022 | — | $2.3B |
| 2025-Q3 | 237 | 26,832,003 | — | $2.0B |
| 2025-Q2 | 215 | 21,772,703 | — | $1.5B |
| 2025-Q1 | 193 | 23,257,012 | — | $1.4B |
| 2024-Q4 | 182 | 18,040,196 | — | $1.2B |
| 2024-Q3 | 156 | 16,173,151 | — | $1.1B |
| 2024-Q2 | 147 | 14,182,638 | — | $868M |
| 2024-Q1 | 139 | 13,110,860 | — | $833M |
| 2023-Q4 | 123 | 12,064,368 | — | $710M |
| 2023-Q3 | 115 | 11,889,554 | — | $615M |
| 2023-Q2 | 102 | 15,691,435 | — | $846M |
| 2023-Q1 | 100 | 21,504,762 | — | $1.1B |
| 2022-Q4 | 104 | 21,872,722 | — | $1.1B |
| 2022-Q3 | 89 | 21,489,427 | — | $962M |
| 2022-Q2 | 90 | 21,023,274 | — | $986M |
| 2022-Q1 | 90 | 20,505,728 | — | $1.1B |
| 2021-Q4 | 95 | 21,065,336 | — | $1.2B |
| 2021-Q3 | 80 | 16,783,774 | — | $902M |
| 2021-Q2 | 78 | 19,102,013 | — | $1.0B |
| 2021-Q1 | 71 | 18,239,666 | — | $965M |
| 2020-Q4 | 66 | 17,360,051 | — | $827M |
| 2020-Q3 | 58 | 16,840,924 | — | $689M |
| 2020-Q2 | 59 | 15,866,926 | — | $635M |
| 2020-Q1 | 64 | 12,847,204 | — | $473M |
| 2019-Q4 | 68 | 10,745,043 | — | $504M |
| 2019-Q3 | 63 | 9,512,671 | — | $433M |
| 2019-Q2 | 63 | 9,084,974 | — | $418M |
| 2019-Q1 | 60 | 8,231,749 | — | $384M |
| 2018-Q4 | 53 | 3,558,047 | — | $127M |
| 2018-Q3 | 42 | 2,214,491 | — | $92M |
| 2018-Q2 | 31 | 3,257,859 | — | $105M |
| 2018-Q1 | 29 | 986,350 | — | $39M |
| 2017-Q4 | 25 | 810,824 | — | $32M |
| 2017-Q3 | 18 | 429,187 | — | $16M |
| 2017-Q2 | 16 | 402,122 | — | $15M |
| 2017-Q1 | 12 | 305,248 | — | $11M |
| 2016-Q4 | 11 | 178,830 | — | $6M |
| 2016-Q3 | 8 | 71,028 | — | $2M |
| 2016-Q2 | 5 | 133,645 | — | $4M |
| 2016-Q1 | 6 | 190,711 | — | $6M |
| 2015-Q4 | 3 | 63,357 | — | $2M |
| 2015-Q3 | 1 | 73,574 | — | $2M |
| 2015-Q2 | 1 | 91,743 | — | $3M |
