% of shares outstanding is not shown for TDTT: 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 TDTT 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 | NORTHERN TRUST CORP | 88,184,47588.2M | $2.1B | — | — |
| 2 | Bell Investment Advisors, Inc | 1,999,0822.0M | $48M | — | ADD 2% |
| 3 | WEST PACES ADVISORS INC. | 1,332,5871.3M | $32M | — | ADD 7% |
| 4 | ENVESTNET ASSET MANAGEMENT INC | 1,324,8011.3M | $32M | — | TRIM -3% |
| 5 | Boltwood Capital Management | 905,288905,288 | $22M | — | ADD 15% |
| 6 | MORGAN STANLEY | 901,078901,078 | $22M | — | ADD 2% |
| 7 | WELLS FARGO & COMPANY/MN | 628,731628,731 | $15M | — | ADD 26% |
| 8 | 5th Street Advisors, LLC | 538,682538,682 | $13M | — | ADD 6% |
| 9 | Valmark Advisers, Inc. | 479,352479,352 | $12M | — | — |
| 10 | MML INVESTORS SERVICES, LLC | 463,415463,415 | $11M | — | TRIM -11% |
| 11 | VeraBank, N.A. | 445,685445,685 | $11M | — | — |
| 12 | HORIZON BANCORP INC /IN/ | 366,585366,585 | $9M | — | ADD 7% |
| 13 | Klingman & Associates, LLC | 266,019266,019 | $6M | — | — |
| 14 | GOLDMAN SACHS GROUP INC | 254,069254,069 | $6M | — | ADD 46% |
| 15 | BANK OF AMERICA CORP /DE/ | 239,244239,244 | $6M | — | ADD 14% |
| 16 | STRATEGIC INVESTMENT MANAGEMENT, LLC | 238,360238,360 | $6M | — | — |
| 17 | LAKE STREET PRIVATE WEALTH, LLC | 208,622208,622 | $5M | — | ADD 11% |
| 18 | Delos Wealth Advisors, LLC | 200,082200,082 | $5M | — | ADD 16% |
| 19 | LPL Financial LLC | 163,969163,969 | $4M | — | ADD 3% |
| 20 | Creative Planning | 123,530123,530 | $3M | — | TRIM -2% |
| 21 | RAYMOND JAMES FINANCIAL INC | 117,894117,894 | $3M | — | TRIM -13% |
| 22 | CITADEL ADVISORS LLC | 104,930104,930 | $3M | — | ADD 11% |
| 23 | BANK OF MONTREAL /CAN/ | 98,45698,456 | $2M | — | ADD 496% |
| 24 | Lynx Investment Advisory | 87,19987,199 | $2M | — | ADD 154% |
| 25 | ROYAL BANK OF CANADA | 84,58984,589 | $2M | — | ADD 411% |
| 26 | Emerald Investment Advisers, LLC | 74,55774,557 | $2M | — | NEW |
| 27 | Cornerstone National Bank & Trust Co | 74,63074,630 | $2M | — | TRIM -14% |
| 28 | VestGen Advisors, LLC | 70,04870,048 | $2M | — | NEW |
| 29 | Cetera Investment Advisers | 69,04269,042 | $2M | — | ADD 63% |
| 30 | VestGen Investment Management | 67,83167,831 | $2M | — | ADD 7% |
| 31 | PARK NATIONAL CORP /OH/ | 62,57562,575 | $2M | — | TRIM -49% |
| 32 | Rossby Financial, LCC | 60,03160,031 | $1M | — | — |
| 33 | FLOW TRADERS U.S. LLC | 49,63349,633 | $1M | — | NEW |
| 34 | TIEMANN INVESTMENT ADVISORS, LLC | 47,83647,836 | $1M | — | ADD 2% |
| 35 | Dorsey & Whitney Trust CO LLC | 41,65341,653 | $1M | — | ADD 14% |
| 36 | Focus Partners Wealth | 41,48541,485 | $1M | — | TRIM -9% |
| 37 | TRB Wealth Management, LLC | 39,13439,134 | $948,616 | — | NEW |
| 38 | Mutual Advisors, LLC | 38,29938,299 | $928,374 | — | ADD 3% |
| 39 | Tower Research Capital LLC (TRC) | 35,28335,283 | $855,260 | — | ADD 81953% |
| 40 | MONECO ADVISORS, LLC | 33,64733,647 | $815,597 | — | ADD 24% |
| 41 | Cambridge Investment Research Advisors, Inc. | 31,94831,948 | $774,000 | — | ADD 2% |
| 42 | Atria Investments, Inc | 30,88030,880 | $748,531 | — | ADD 70% |
| 43 | First Heartland Consultants, Inc. | 29,93429,934 | $725,600 | — | ADD 74% |
| 44 | SIMON QUICK ADVISORS, LLC | 29,68329,683 | $719,516 | — | — |
| 45 | CoreCap Advisors, LLC | 29,60129,601 | $717,528 | — | ADD 17% |
| 46 | Granite Harbor Advisors, Inc. | 29,58429,584 | $717,116 | — | — |
| 47 | FFT WEALTH MANAGEMENT LLC | 29,36129,361 | $711,711 | — | ADD 26% |
| 48 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 27,61627,616 | $669,412 | — | NEW |
| 49 | Trace Wealth Advisors, LLC | 24,60724,607 | $596,474 | — | ADD 16% |
| 50 | HRT FINANCIAL LP | 23,77623,776 | $576,000 | — | ADD 158% |
| 51 | Cerity Partners LLC | 22,71922,719 | $550,700 | — | TRIM -6% |
| 52 | OSAIC HOLDINGS, INC. | 22,01722,017 | $533,772 | — | TRIM -17% |
| 53 | HIGHLINE WEALTH PARTNERS LLC | 20,64920,649 | $500,532 | — | NEW |
| 54 | Redhawk Wealth Advisors, Inc. | 19,71219,712 | $477,820 | — | NEW |
| 55 | M.E. ALLISON & CO., INC. | 19,23219,232 | $466,186 | — | — |
| 56 | UBS Group AG | 18,45118,451 | $447,252 | — | TRIM -31% |
| 57 | Holcombe Financial, Inc. | 17,47417,474 | $423,564 | — | ADD 2% |
| 58 | IFP Advisors, Inc | 16,58616,586 | $402,045 | — | ADD 39% |
| 59 | WEDBUSH SECURITIES INC | 16,38516,385 | $397,000 | — | ADD 7% |
| 60 | SeaCrest Wealth Management, LLC | 16,21416,214 | $393,027 | — | NEW |
| 61 | Advisory Services Network, LLC | 15,37115,371 | $372,593 | — | — |
| 62 | INTERACTIVE FINANCIAL ADVISORS, INC. | 15,30715,307 | $371,046 | — | TRIM -2% |
| 63 | Cherry Tree Wealth Management, LLC | 14,50814,508 | $351,674 | — | TRIM -16% |
| 64 | Horizon Investments, LLC | 13,95813,958 | $335,690 | — | ADD 97% |
| 65 | COMMONWEALTH EQUITY SERVICES, LLC | 13,79813,798 | $334,460 | — | TRIM -11% |
| 66 | Alamar Capital Management, LLC | 13,75213,752 | $333,348 | — | — |
| 67 | ABSOLUTE CAPITAL MANAGEMENT, LLC | 13,66013,660 | $331,119 | — | ADD 4% |
| 68 | FIFTH THIRD BANCORP | 12,80412,804 | $310,369 | — | NEW |
| 69 | CERTUITY, LLC | 12,60012,600 | $305,424 | — | — |
| 70 | STIFEL FINANCIAL CORP | 11,45411,454 | $277,645 | — | TRIM -25% |
| 71 | Patriot Financial Group Insurance Agency, LLC | 11,28611,286 | $273,580 | — | NEW |
| 72 | WealthPlan Investment Management, LLC | 11,06511,065 | $268,216 | — | NEW |
| 73 | TWO SIGMA SECURITIES, LLC | 10,94210,942 | $265,234 | — | TRIM -10% |
| 74 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 9,5749,574 | $232,074 | — | ADD 465% |
| 75 | Sequoia Financial Advisors, LLC | 9,1819,181 | $222,548 | — | — |
| 76 | AWM CAPITAL, LLC | 8,8318,831 | $214,085 | — | TRIM -8% |
| 77 | CHOREO, LLC | 8,8008,800 | $213,312 | — | — |
| 78 | BESSEMER GROUP INC | 8,6468,646 | $210,000 | — | ADD 344% |
| 79 | Endowment Wealth Management, Inc. | 8,6528,652 | $209,725 | — | NEW |
| 80 | Gerber Kawasaki Wealth & Investment Management | 8,4598,459 | $205,048 | — | — |
| 81 | PNC FINANCIAL SERVICES GROUP, INC. | 8,0448,044 | $194,987 | — | NEW |
| 82 | Caldwell Trust Co | 7,4337,433 | $180,176 | — | ADD 25% |
| 83 | GeoWealth Management, LLC | 5,5755,575 | $135,142 | — | ADD 6% |
| 84 | CAMBIENT FAMILY OFFICE, LLC | 4,9644,964 | $120,327 | — | TRIM -42% |
| 85 | MORGAN DEMPSEY CAPITAL MANAGEMENT LLC | 4,9264,926 | $119,411 | — | — |
| 86 | MAI Capital Management | 4,7374,737 | $114,825 | — | — |
| 87 | Steward Partners Investment Advisory, LLC | 3,3583,358 | $81,398 | — | — |
| 88 | Smartleaf Asset Management LLC | 2,9772,977 | $72,162 | — | TRIM -90% |
| 89 | Qube Research & Technologies Ltd | 2,8622,862 | $69,375 | — | NEW |
| 90 | JONES FINANCIAL COMPANIES LLLP | 2,7622,762 | $66,780 | — | TRIM -8% |
| 91 | CX Institutional | 2,3032,303 | $56,000 | — | — |
| 92 | Rock Creek Group LLC | 2,0642,064 | $50,031 | — | — |
| 93 | CREATIVE FINANCIAL DESIGNS INC /ADV | 2,0252,025 | $49,086 | — | ADD 562% |
| 94 | HARBOUR INVESTMENTS, INC. | 1,4791,479 | $35,851 | — | ADD 339% |
| 95 | Allworth Financial LP | 1,3951,395 | $33,815 | — | — |
| 96 | CWM, LLC | 851851 | $20,628 | — | — |
| 97 | US BANCORP \DE\ | 807807 | $19,562 | — | TRIM -49% |
| 98 | GABLES CAPITAL MANAGEMENT INC. | 540540 | $13,090 | — | — |
| 99 | Key Financial Inc | 481481 | $11,659 | — | — |
| 100 | Bank of New Hampshire | 435435 | $10,544 | — | — |
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 |
|---|---|---|---|---|---|---|---|
| NORTHERN TRUST CORP | 68.5M | 83.4M | 92.7M | 88.1M | 88.5M | 88.2M | $2.1B |
| Bell Investment Advisors, Inc | 1.8M | 1.8M | 1.8M | 1.9M | 2.0M | 2.0M | $48M |
| WEST PACES ADVISORS INC. | 1.1M | 1.2M | 1.2M | 1.2M | 1.2M | 1.3M | $32M |
| ENVESTNET ASSET MANAGEMENT INC | 993K | 1.5M | 1.5M | 1.3M | 1.4M | 1.3M | $32M |
| Boltwood Capital Management | 566K | 643K | 684K | 739K | 789K | 905K | $22M |
| MORGAN STANLEY | 750K | 746K | 706K | 855K | 880K | 901K | $22M |
| WELLS FARGO & COMPANY/MN | 380K | 225K | 934K | 1.2M | 499K | 629K | $15M |
| 5th Street Advisors, LLC | 434K | 488K | 480K | 489K | 509K | 539K | $13M |
| Valmark Advisers, Inc. | 506K | 509K | 512K | 514K | 481K | 479K | $12M |
| MML INVESTORS SERVICES, LLC | 328K | 514K | 533K | 488K | 518K | 463K | $11M |
| VeraBank, N.A. | 361K | 376K | 421K | 442K | 439K | 446K | $11M |
| HORIZON BANCORP INC /IN/ | 359K | 330K | 324K | 346K | 342K | 367K | $9M |
| Klingman & Associates, LLC | 306K | 304K | 284K | 273K | 263K | 266K | $6M |
| GOLDMAN SACHS GROUP INC | — | 10K | 10K | 176K | 174K | 254K | $6M |
| BANK OF AMERICA CORP /DE/ | 87K | 88K | 100K | 181K | 209K | 239K | $6M |
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 | |
|---|---|---|---|
| WELLS FARGO & COMPANY/MN | +129,964 | $3M | ADD |
| Boltwood Capital Management | +116,606 | $3M | ADD |
| WEST PACES ADVISORS INC. | +90,596 | $2M | ADD |
| BANK OF MONTREAL /CAN/ | +81,945 | $2M | ADD |
| GOLDMAN SACHS GROUP INC | +80,161 | $2M | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| NORTHERN TRUST CORP | −316,062 | $8M | — |
| IFG Advisory, LLC | −88,432 | $2M | CLOSE |
| F/m Investments LLC | −74,557 | $2M | CLOSE |
| PARK NATIONAL CORP /OH/ | −59,531 | $1M | TRIM |
| MML INVESTORS SERVICES, LLC | −54,807 | $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 | 108 | 101,332,970 | — | $2.5B |
| 2025-Q4 | 111 | 100,773,030 | — | $2.4B |
| 2025-Q3 | 112 | 101,469,189 | — | $2.5B |
| 2025-Q2 | 102 | 104,599,000 | — | $2.5B |
| 2025-Q1 | 102 | 94,788,617 | — | $2.3B |
| 2024-Q4 | 101 | 79,133,945 | — | $1.9B |
| 2024-Q3 | 95 | 68,722,579 | — | $1.7B |
| 2024-Q2 | 106 | 70,074,787 | — | $1.7B |
| 2024-Q1 | 93 | 73,428,817 | — | $1.7B |
| 2023-Q4 | 104 | 73,916,649 | — | $1.7B |
| 2023-Q3 | 103 | 78,952,054 | — | $1.8B |
| 2023-Q2 | 111 | 74,735,147 | — | $1.8B |
| 2023-Q1 | 119 | 75,938,592 | — | $1.8B |
| 2022-Q4 | 120 | 80,175,899 | — | $1.9B |
| 2022-Q3 | 116 | 83,834,537 | — | $395M |
| 2022-Q2 | 112 | 75,571,283 | — | $374M |
| 2022-Q1 | 106 | 69,050,122 | — | $368M |
| 2021-Q4 | 103 | 50,791,492 | — | $366M |
| 2021-Q3 | 86 | 48,723,088 | — | $301M |
| 2021-Q2 | 83 | 49,841,084 | — | $219M |
| 2021-Q1 | 79 | 48,256,000 | — | $183M |
| 2020-Q4 | 68 | 47,129,963 | — | $145M |
| 2020-Q3 | 69 | 51,678,495 | — | $120M |
| 2020-Q2 | 65 | 51,202,258 | — | $113M |
| 2020-Q1 | 68 | 42,171,204 | — | $119M |
| 2019-Q4 | 69 | 44,228,860 | — | $142M |
| 2019-Q3 | 68 | 45,379,942 | — | $130M |
| 2019-Q2 | 66 | 47,824,399 | — | $135M |
| 2019-Q1 | 68 | 49,024,766 | — | $129M |
| 2018-Q4 | 68 | 57,764,201 | — | $324M |
| 2018-Q3 | 65 | 68,020,215 | — | $357M |
| 2018-Q2 | 58 | 85,449,959 | — | $348M |
| 2018-Q1 | 60 | 83,646,893 | — | $342M |
| 2017-Q4 | 65 | 81,045,458 | — | $348M |
| 2017-Q3 | 54 | 81,403,498 | — | $308M |
| 2017-Q2 | 56 | 79,807,236 | — | $312M |
| 2017-Q1 | 48 | 77,223,262 | — | $294M |
| 2016-Q4 | 46 | 72,773,950 | — | $291M |
| 2016-Q3 | 44 | 70,784,309 | — | $270M |
| 2016-Q2 | 44 | 69,764,830 | — | $274M |
| 2016-Q1 | 47 | 71,684,499 | — | $315M |
| 2015-Q4 | 47 | 73,396,591 | — | $316M |
| 2015-Q3 | 47 | 80,810,651 | — | $403M |
| 2015-Q2 | 43 | 84,203,267 | — | $427M |
| 2015-Q1 | 41 | 85,422,257 | — | $424M |
| 2014-Q4 | 42 | 89,143,359 | — | $530M |
| 2014-Q3 | 38 | 88,031,110 | — | $416M |
| 2014-Q2 | 34 | 83,709,960 | — | $405M |
| 2014-Q1 | 27 | 81,206,169 | — | $376M |
| 2013-Q4 | 29 | 78,596,640 | — | $369M |
| 2013-Q3 | 23 | 74,746,243 | — | $333M |
| 2013-Q2 | 23 | 67,034,738 | — | $304M |
