% of shares outstanding is not shown for TBLL: 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 TBLL 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 | Invesco Ltd. | 5,840,5135.8M | $616M | — | ADD 48% |
| 2 | RiverFront Investment Group, LLC | 1,711,6711.7M | $181M | — | NEW |
| 3 | ENVESTNET ASSET MANAGEMENT INC | 1,474,3961.5M | $156M | — | ADD 732% |
| 4 | PNC FINANCIAL SERVICES GROUP, INC. | 1,256,4381.3M | $133M | — | ADD 3% |
| 5 | MERCER GLOBAL ADVISORS INC /ADV | 1,098,9021.1M | $116M | — | NEW |
| 6 | OSAIC HOLDINGS, INC. | 856,585856,585 | $90M | — | ADD 5% |
| 7 | LPL Financial LLC | 771,084771,084 | $81M | — | ADD 9% |
| 8 | MORGAN STANLEY | 717,359717,359 | $76M | — | TRIM -9% |
| 9 | AWM CAPITAL, LLC | 602,486602,486 | $64M | — | TRIM -28% |
| 10 | UBS Group AG | 510,175510,175 | $54M | — | TRIM -3% |
| 11 | WELLS FARGO & COMPANY/MN | 465,759465,759 | $49M | — | TRIM -2% |
| 12 | RAYMOND JAMES FINANCIAL INC | 422,495422,495 | $45M | — | ADD 4575% |
| 13 | CPR Investments Inc. | 376,870376,870 | $40M | — | ADD 141% |
| 14 | Composition Wealth, LLC | 326,254326,254 | $34M | — | TRIM -13% |
| 15 | Brookstone Capital Management | 302,464302,464 | $32M | — | — |
| 16 | Private Advisor Group, LLC | 290,968290,968 | $31M | — | TRIM -11% |
| 17 | CASTLE WEALTH MANAGEMENT LLC | 244,986244,986 | $26M | — | TRIM -12% |
| 18 | BANK OF AMERICA CORP /DE/ | 233,149233,149 | $25M | — | TRIM -20% |
| 19 | DOCK STREET ASSET MANAGEMENT INC | 219,653219,653 | $23M | — | TRIM -13% |
| 20 | ROYAL BANK OF CANADA | 218,591218,591 | $23M | — | ADD 1845% |
| 21 | COMMONWEALTH EQUITY SERVICES, LLC | 175,578175,578 | $19M | — | TRIM -11% |
| 22 | First Command Advisory Services, Inc. | 149,660149,660 | $16M | — | ADD 6% |
| 23 | Janney Montgomery Scott LLC | 142,517142,517 | $15M | — | NEW |
| 24 | Convergence Financial, LLC | 139,210139,210 | $15M | — | ADD 9% |
| 25 | AMERIPRISE FINANCIAL INC | 131,346131,346 | $14M | — | ADD 54% |
| 26 | HighTower Advisors, LLC | 115,905115,905 | $12M | — | TRIM -18% |
| 27 | Clear Retirement Advice LLC | 112,551112,551 | $12M | — | — |
| 28 | Wealthcare Advisory Partners LLC | 107,997107,997 | $11M | — | ADD 2% |
| 29 | Cetera Investment Advisers | 99,73299,732 | $11M | — | ADD 43% |
| 30 | BRASADA CAPITAL MANAGEMENT, LP | 86,17286,172 | $9M | — | ADD 72% |
| 31 | MML INVESTORS SERVICES, LLC | 84,84584,845 | $9M | — | ADD 24% |
| 32 | POWER WEALTH MANAGEMENT LLC | 83,33783,337 | $9M | — | — |
| 33 | FIRST HORIZON CORP | 82,70682,706 | $9M | — | TRIM -7% |
| 34 | Blueprint Investment Partners LLC | 75,70675,706 | $8M | — | NEW |
| 35 | MATAURO, LLC | 75,34575,345 | $8M | — | TRIM -4% |
| 36 | Mariner, LLC | 72,15372,153 | $8M | — | TRIM -10% |
| 37 | Spartan Planning & Wealth Management | 69,96169,961 | $7M | — | NEW |
| 38 | One Day In July LLC | 68,24968,249 | $7M | — | ADD 97% |
| 39 | TRUIST FINANCIAL CORP | 65,84665,846 | $7M | — | ADD 98% |
| 40 | FLOW TRADERS U.S. LLC | 65,20565,205 | $7M | — | NEW |
| 41 | Old Port Advisors | 60,58660,586 | $6M | — | ADD 28% |
| 42 | Private Advisory Group LLC | 57,77557,775 | $6M | — | NEW |
| 43 | WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 52,08352,083 | $6M | — | TRIM -30% |
| 44 | JPMORGAN CHASE & CO | 47,58247,582 | $5M | — | ADD 294% |
| 45 | D.A. DAVIDSON & CO. | 45,99245,992 | $5M | — | TRIM -17% |
| 46 | Gotham Asset Management, LLC | 41,60741,607 | $4M | — | ADD 4% |
| 47 | KINTRA WEALTH, LLC | 37,92937,929 | $4M | — | ADD 98% |
| 48 | EdgeRock Capital LLC | 32,99332,993 | $3M | — | ADD 12% |
| 49 | STIFEL FINANCIAL CORP | 32,84232,842 | $3M | — | ADD 234% |
| 50 | UMB Bank, n.a. | 26,55226,552 | $3M | — | TRIM -6% |
| 51 | Focus Partners Wealth | 22,86422,864 | $2M | — | TRIM -39% |
| 52 | Bulwark Capital Corp | 21,36421,364 | $2M | — | — |
| 53 | CARY STREET PARTNERS FINANCIAL LLC | 21,16521,165 | $2M | — | TRIM -13% |
| 54 | Barton Investment Management | 20,43020,430 | $2M | — | NEW |
| 55 | Stratos Wealth Partners, LTD. | 17,17617,176 | $2M | — | TRIM -9% |
| 56 | Concurrent Investment Advisors, LLC | 16,77216,772 | $2M | — | NEW |
| 57 | UNITED CAPITAL FINANCIAL ADVISORS, LLC | 16,23616,236 | $2M | — | TRIM -18% |
| 58 | Core Wealth Partners LLC | 15,17015,170 | $2M | — | TRIM -20% |
| 59 | Clearwater Capital Advisors, LLC | 14,68114,681 | $2M | — | TRIM -26% |
| 60 | Cambridge Investment Research Advisors, Inc. | 14,32014,320 | $2M | — | TRIM -5% |
| 61 | Pinnacle Financial Partners, Inc. | 12,83212,832 | $1M | — | TRIM -65% |
| 62 | Vertex Planning Partners, LLC | 37,45837,458 | $1M | — | NEW |
| 63 | GUIDANCE CAPITAL, INC | 12,43612,436 | $1M | — | TRIM -7% |
| 64 | RWWM, Inc. | 11,92611,926 | $1M | — | TRIM -54% |
| 65 | SILVER OAK SECURITIES, INCORPORATED | 11,54711,547 | $1M | — | TRIM -18% |
| 66 | Fiduciary Trust Co | 11,22711,227 | $1M | — | — |
| 67 | Sovereign Financial Group, Inc. | 11,10611,106 | $1M | — | ADD 41% |
| 68 | Astra Wealth Partners LLC | 10,99610,996 | $1M | — | NEW |
| 69 | May Barnhard Investments LLC | 10,94010,940 | $1M | — | TRIM -18% |
| 70 | NORTHBRIDGE FINANCIAL GROUP, LLC | 10,68410,684 | $1M | — | TRIM -39% |
| 71 | Mutual Advisors, LLC | 10,65910,659 | $1M | — | ADD 87% |
| 72 | Strategic Financial Concepts, LLC | 9,8879,887 | $1M | — | NEW |
| 73 | JANE STREET GROUP, LLC | 9,6779,677 | $1M | — | TRIM -53% |
| 74 | WRAPMANAGER INC | 9,6319,631 | $1M | — | ADD 9% |
| 75 | Belpointe Asset Management LLC | 9,4859,485 | $1M | — | NEW |
| 76 | Integrated Wealth Concepts LLC | 9,0829,082 | $958,622 | — | TRIM -20% |
| 77 | Cerity Partners LLC | 8,1558,155 | $860,792 | — | ADD 3% |
| 78 | HARBOUR INVESTMENTS, INC. | 8,1318,131 | $858,227 | — | ADD 4520% |
| 79 | Steward Partners Investment Advisory, LLC | 7,7027,702 | $812,946 | — | TRIM -7% |
| 80 | Orin Green Financial, LLC | 7,5807,580 | $800,069 | — | — |
| 81 | FIFTH THIRD BANCORP | 7,1477,147 | $754,326 | — | NEW |
| 82 | Independent Advisor Alliance | 7,0047,004 | $739,305 | — | NEW |
| 83 | Valley Financial Group, Inc. | 6,8746,874 | $725,524 | — | — |
| 84 | Golden State Wealth Management, LLC | 6,0726,072 | $640,902 | — | TRIM -18% |
| 85 | Rockefeller Capital Management L.P. | 6,0716,071 | $640,794 | — | TRIM -57% |
| 86 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 6,0086,008 | $634,144 | — | TRIM -5% |
| 87 | ACT Advisors, LLC. | 5,2355,235 | $552,554 | — | TRIM -48% |
| 88 | Accurate Wealth Management, LLC | 4,9104,910 | $518,862 | — | — |
| 89 | Sankala Group LLC | 4,8294,829 | $509,588 | — | — |
| 90 | PFG Advisors | 4,4594,459 | $470,658 | — | TRIM -3% |
| 91 | MGO ONE SEVEN LLC | 4,2024,202 | $443,521 | — | NEW |
| 92 | Crumly & Associates Inc. | 4,1504,150 | $438,033 | — | — |
| 93 | Kestra Advisory Services, LLC | 4,0644,064 | $428,935 | — | TRIM -10% |
| 94 | Caldwell Trust Co | 3,9293,929 | $414,706 | — | NEW |
| 95 | PFG Investments, LLC | 3,7533,753 | $396,160 | — | TRIM -6% |
| 96 | WBI INVESTMENTS, LLC | 3,7223,722 | $392,857 | — | NEW |
| 97 | &PARTNERS | 3,7043,704 | $390,980 | — | NEW |
| 98 | Maridea Wealth Management LLC | 3,3183,318 | $350,215 | — | NEW |
| 99 | World Investment Advisors | 2,9252,925 | $308,763 | — | TRIM -3% |
| 100 | Gladstone Institutional Advisory LLC | 2,9002,900 | $306,095 | — | — |
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 |
|---|---|---|---|---|---|---|---|
| Invesco Ltd. | 4.0M | 4.3M | 4.0M | 4.0M | 3.9M | 5.8M | $616M |
| RiverFront Investment Group, LLC | — | — | — | — | — | 1.7M | $181M |
| ENVESTNET ASSET MANAGEMENT INC | 241K | 407K | 192K | 188K | 177K | 1.5M | $156M |
| PNC FINANCIAL SERVICES GROUP, INC. | 1.2M | 1.3M | 1.3M | 1.2M | 1.2M | 1.3M | $133M |
| MERCER GLOBAL ADVISORS INC /ADV | — | — | — | — | — | 1.1M | $116M |
| OSAIC HOLDINGS, INC. | 657K | 715K | 755K | 780K | 818K | 857K | $90M |
| LPL Financial LLC | 655K | 613K | 632K | 717K | 710K | 771K | $81M |
| MORGAN STANLEY | 397K | 465K | 684K | 723K | 784K | 717K | $76M |
| AWM CAPITAL, LLC | 412K | 419K | 482K | 874K | 838K | 602K | $64M |
| UBS Group AG | 332K | 348K | 452K | 492K | 528K | 510K | $54M |
| WELLS FARGO & COMPANY/MN | 287K | 252K | 390K | 481K | 477K | 466K | $49M |
| RAYMOND JAMES FINANCIAL INC | 10K | 11K | 9K | 10K | 9K | 422K | $45M |
| CPR Investments Inc. | 347K | 229K | 136K | 175K | 156K | 377K | $40M |
| Composition Wealth, LLC | 186K | 276K | 326K | 401K | 376K | 326K | $34M |
| Brookstone Capital Management | 312K | 291K | 304K | 291K | 302K | 302K | $32M |
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 | |
|---|---|---|---|
| Invesco Ltd. | +1,893,152 | $200M | ADD |
| RiverFront Investment Group, LLC | +1,711,671 | $181M | OPEN |
| ENVESTNET ASSET MANAGEMENT INC | +1,297,176 | $137M | ADD |
| MERCER GLOBAL ADVISORS INC /ADV | +1,098,902 | $116M | OPEN |
| RAYMOND JAMES FINANCIAL INC | +413,458 | $44M | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| AWM CAPITAL, LLC | −235,454 | $25M | TRIM |
| GTS SECURITIES LLC | −97,400 | $10M | CLOSE |
| IFG Advisory, LLC | −73,355 | $8M | CLOSE |
| MORGAN STANLEY | −66,777 | $7M | TRIM |
| BANK OF AMERICA CORP /DE/ | −57,263 | $6M | 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 | 137 | 20,952,300 | — | $2.2B |
| 2025-Q4 | 125 | 14,155,113 | — | $1.5B |
| 2025-Q3 | 117 | 13,755,641 | — | $1.5B |
| 2025-Q2 | 126 | 13,509,595 | — | $1.4B |
| 2025-Q1 | 115 | 13,592,630 | — | $1.4B |
| 2024-Q4 | 110 | 12,995,584 | — | $1.4B |
| 2024-Q3 | 114 | 12,475,739 | — | $1.3B |
| 2024-Q2 | 111 | 13,402,456 | — | $1.3B |
| 2024-Q1 | 97 | 12,134,365 | — | $1.3B |
| 2023-Q4 | 96 | 11,852,037 | — | $1.3B |
| 2023-Q3 | 81 | 10,563,988 | — | $1.1B |
| 2023-Q2 | 82 | 9,884,151 | — | $1.0B |
| 2023-Q1 | 78 | 9,566,749 | — | $1.0B |
| 2022-Q4 | 72 | 8,513,675 | — | $885M |
| 2022-Q3 | 55 | 7,265,797 | — | $766M |
| 2022-Q2 | 44 | 6,722,605 | — | $708M |
| 2022-Q1 | 36 | 5,204,182 | — | $549M |
| 2021-Q4 | 38 | 5,063,027 | — | $535M |
| 2021-Q3 | 41 | 5,443,441 | — | $575M |
| 2021-Q2 | 43 | 5,493,459 | — | $580M |
| 2021-Q1 | 42 | 5,752,152 | — | $608M |
| 2020-Q4 | 42 | 6,861,974 | — | $725M |
| 2020-Q3 | 40 | 7,887,957 | — | $834M |
| 2020-Q2 | 35 | 7,457,951 | — | $789M |
| 2020-Q1 | 33 | 6,230,188 | — | $662M |
| 2019-Q4 | 22 | 4,646,404 | — | $490M |
| 2019-Q3 | 20 | 4,822,132 | — | $509M |
| 2019-Q2 | 23 | 4,763,004 | — | $503M |
| 2019-Q1 | 24 | 4,829,233 | — | $509M |
| 2018-Q4 | 20 | 4,822,623 | — | $508M |
| 2018-Q3 | 9 | 4,379,260 | — | $462M |
| 2018-Q2 | 8 | 4,390,519 | — | $466M |
