% of shares outstanding is not shown for SPDN: 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 SPDN 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 | LEUTHOLD GROUP, LLC | 3,074,1223.1M | $31M | — | ADD 31% |
| 2 | Rockport Wealth LLC | 2,904,5222.9M | $29M | — | ADD 4% |
| 3 | ONE PLUS ONE WEALTH MANAGEMENT, LLC | 1,403,4801.4M | $14M | — | ADD 36% |
| 4 | CITADEL ADVISORS LLC | 996,482996,482 | $10M | — | TRIM -16% |
| 5 | IMC-Chicago, LLC | 974,315974,315 | $10M | — | ADD 307% |
| 6 | ENVESTNET ASSET MANAGEMENT INC | 531,667531,667 | $5M | — | ADD 105% |
| 7 | LPL Financial LLC | 245,591245,591 | $2M | — | ADD 101% |
| 8 | Ascentis Independent Advisors | 223,814223,814 | $2M | — | NEW |
| 9 | AXXCESS WEALTH MANAGEMENT, LLC | 219,645219,645 | $2M | — | ADD 22% |
| 10 | January Capital Advisors LLC | 198,739198,739 | $2M | — | NEW |
| 11 | Allred Capital Management, LLC | 186,144186,144 | $2M | — | ADD 49% |
| 12 | Moors & Cabot, Inc. | 166,681166,681 | $2M | — | ADD 793% |
| 13 | CHOREO, LLC | 154,512154,512 | $2M | — | ADD 6% |
| 14 | Cushing Capital Partners, LLC | 152,745152,745 | $2M | — | ADD 25% |
| 15 | XTX Topco Ltd | 146,799146,799 | $1M | — | NEW |
| 16 | VERUS CAPITAL PARTNERS, LLC | 142,931142,931 | $1M | — | ADD 119% |
| 17 | Tidal Investments LLC | 135,734135,734 | $1M | — | ADD 38% |
| 18 | SHEPHERD KAPLAN KROCHUK, LLC | 134,712134,712 | $1M | — | TRIM -2% |
| 19 | MERCER GLOBAL ADVISORS INC /ADV | 129,485129,485 | $1M | — | NEW |
| 20 | Maltin Wealth Management, Inc. | 124,238124,238 | $1M | — | ADD 25% |
| 21 | Fortis Advisors, LLC | 102,300102,300 | $1M | — | — |
| 22 | 4WEALTH ADVISORS, INC. | 80,74680,746 | $826,032 | — | ADD 81% |
| 23 | TWO SIGMA SECURITIES, LLC | 58,18858,188 | $578,971 | — | ADD 70% |
| 24 | Resonant Capital Advisors, LLC | 51,47751,477 | $512,196 | — | ADD 28% |
| 25 | Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors | 49,21049,210 | $489,636 | — | ADD 60% |
| 26 | Galvin, Gaustad & Stein, LLC | 47,93147,931 | $476,913 | — | NEW |
| 27 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 42,23042,230 | $420,189 | — | TRIM -29% |
| 28 | FLOW TRADERS U.S. LLC | 37,43637,436 | $372,000 | — | TRIM -24% |
| 29 | Mirae Asset Global Investments Co., Ltd. | 35,90035,900 | $357,205 | — | ADD 14% |
| 30 | ASPIRIANT, LLC | 29,79029,790 | $296,411 | — | — |
| 31 | HARMONY ASSET MANAGEMENT LLC | 26,70726,707 | $265,736 | — | TRIM -80% |
| 32 | Lifeworks Advisors, LLC | 24,46924,469 | $243,467 | — | ADD 55% |
| 33 | CAPTRUST FINANCIAL ADVISORS | 20,57620,576 | $204,731 | — | — |
| 34 | Belpointe Asset Management LLC | 20,11020,110 | $200,102 | — | TRIM -2% |
| 35 | A. D. Beadell Investment Counsel, Inc. | 20,00020,000 | $199,000 | — | ADD 60% |
| 36 | HBK Sorce Advisory LLC | 20,00020,000 | $176,400 | — | NEW |
| 37 | Waverly Advisors, LLC | 13,66413,664 | $135,958 | — | NEW |
| 38 | Cornerstone Wealth Management, LLC | 11,00011,000 | $109,450 | — | NEW |
| 39 | Capstone Financial Advisors, Inc. | 10,54710,547 | $104,940 | — | NEW |
| 40 | Strait & Sound Wealth Management LLC | 10,00010,000 | $99,500 | — | NEW |
| 41 | Steward Partners Investment Advisory, LLC | 5,1495,149 | $51,233 | — | — |
| 42 | SBI Securities Co., Ltd. | 3,4903,490 | $34,726 | — | TRIM -22% |
| 43 | Advisory Services Network, LLC | 3,4033,403 | $33,857 | — | TRIM -91% |
| 44 | Qube Research & Technologies Ltd | 2,0992,099 | $20,885 | — | TRIM -61% |
| 45 | Spire Wealth Management | 969969 | $9,642 | — | — |
| 46 | SIMPLEX TRADING, LLC | 829829 | $8,248 | — | ADD 523% |
| 47 | UBS Group AG | 201201 | $2,000 | — | ADD 20000% |
| 48 | Tower Research Capital LLC (TRC) | 110110 | $1,094 | — | ADD 1000% |
| 49 | JPMORGAN CHASE & CO | 1313 | $133 | — | TRIM -100% |
| 50 | MORGAN STANLEY | 22 | $25 | — | ADD 100% |
| 51 | WELLS FARGO & COMPANY/MN | 11 | $8 | — | — |
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 |
|---|---|---|---|---|---|---|---|
| LEUTHOLD GROUP, LLC | 1.4M | 1.9M | 1.7M | 1.7M | 2.3M | 3.1M | $31M |
| Rockport Wealth LLC | — | 125K | — | — | 2.8M | 2.9M | $29M |
| ONE PLUS ONE WEALTH MANAGEMENT, LLC | 787K | 960K | 1.1M | 831K | 1.0M | 1.4M | $14M |
| CITADEL ADVISORS LLC | 208K | 145K | 680K | 899K | 1.2M | 996K | $10M |
| IMC-Chicago, LLC | — | 66K | 295K | — | 239K | 974K | $10M |
| ENVESTNET ASSET MANAGEMENT INC | 270K | 1.4M | 173K | 300K | 259K | 532K | $5M |
| LPL Financial LLC | — | 280K | 33K | 36K | 122K | 246K | $2M |
| Ascentis Independent Advisors | — | — | — | — | — | 224K | $2M |
| AXXCESS WEALTH MANAGEMENT, LLC | 77K | 106K | 105K | 196K | 181K | 220K | $2M |
| January Capital Advisors LLC | — | — | — | — | — | 199K | $2M |
| Allred Capital Management, LLC | — | 78K | — | — | 125K | 186K | $2M |
| Moors & Cabot, Inc. | — | 71K | 13K | 17K | 19K | 167K | $2M |
| CHOREO, LLC | 77K | 33K | 101K | 100K | 145K | 155K | $2M |
| Cushing Capital Partners, LLC | — | 45K | 46K | — | 122K | 153K | $2M |
| XTX Topco Ltd | — | — | 18K | 36K | — | 147K | $1M |
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 | |
|---|---|---|---|
| IMC-Chicago, LLC | +734,884 | $7M | ADD |
| LEUTHOLD GROUP, LLC | +733,588 | $7M | ADD |
| ONE PLUS ONE WEALTH MANAGEMENT, LLC | +370,941 | $4M | ADD |
| ENVESTNET ASSET MANAGEMENT INC | +272,266 | $3M | ADD |
| Ascentis Independent Advisors | +223,814 | $2M | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| NewEdge Advisors, LLC | −496,250 | $5M | CLOSE |
| Quadrature Capital Ltd | −215,757 | $2M | CLOSE |
| CITADEL ADVISORS LLC | −195,022 | $2M | TRIM |
| SB Capital Management Inc | −109,330 | $1M | CLOSE |
| HARMONY ASSET MANAGEMENT LLC | −103,988 | $1M | 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 | 51 | 12,974,905 | — | $129M |
| 2025-Q4 | 46 | 10,594,663 | — | $100M |
| 2025-Q3 | 43 | 7,228,223 | — | $69M |
| 2025-Q2 | 50 | 7,020,684 | — | $72M |
| 2025-Q1 | 62 | 10,721,778 | — | $124M |
| 2024-Q4 | 43 | 7,075,288 | — | $78M |
| 2024-Q3 | 36 | 7,390,036 | — | $83M |
| 2024-Q2 | 41 | 6,774,577 | — | $80M |
| 2024-Q1 | 41 | 6,574,453 | — | $80M |
| 2023-Q4 | 52 | 8,127,139 | — | $108M |
| 2023-Q3 | 49 | 8,135,595 | — | $121M |
| 2023-Q2 | 46 | 10,469,142 | — | $149M |
| 2023-Q1 | 43 | 16,890,351 | — | $261M |
| 2022-Q4 | 72 | 20,381,062 | — | $334M |
| 2022-Q3 | 71 | 13,523,492 | — | $242M |
| 2022-Q2 | 52 | 6,628,740 | — | $114M |
| 2022-Q1 | 52 | 7,261,813 | — | $103M |
| 2021-Q4 | 29 | 4,210,644 | — | $59M |
| 2021-Q3 | 28 | 3,694,966 | — | $58M |
| 2021-Q2 | 23 | 3,419,708 | — | $54M |
| 2021-Q1 | 25 | 2,875,200 | — | $49M |
| 2020-Q4 | 24 | 3,942,107 | — | $73M |
| 2020-Q3 | 24 | 2,032,616 | — | $42M |
| 2020-Q2 | 23 | 1,896,221 | — | $43M |
| 2020-Q1 | 17 | 494,167 | — | $14M |
| 2019-Q4 | 8 | 445,493 | — | $11M |
| 2019-Q3 | 6 | 29,604 | — | $786,000 |
| 2019-Q2 | 5 | 127,908 | — | $3M |
| 2019-Q1 | 4 | 37,825 | — | $1M |
| 2018-Q4 | 9 | 262,663 | — | $8M |
| 2018-Q3 | 4 | 157,419 | — | $4M |
| 2018-Q2 | 9 | 334,110 | — | $10M |
| 2018-Q1 | 9 | 675,220 | — | $21M |
| 2017-Q4 | 9 | 773,934 | — | $24M |
| 2017-Q3 | 7 | 717,294 | — | $23M |
| 2017-Q2 | 7 | 842,903 | — | $29M |
