% of shares outstanding is not shown for TFJL: 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 TFJL 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 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 54,86454,864 | $1M | — | ADD 146% |
| 2 | Arlington Capital Management, Inc. | 44,14644,146 | $870,709 | — | ADD 4% |
| 3 | SYKON CAPITAL LLC | 33,19333,193 | $654,679 | — | — |
| 4 | OLD MISSION CAPITAL LLC | 32,41232,412 | $639,274 | — | ADD 131% |
| 5 | Kestra Advisory Services, LLC | 20,93920,939 | $412,988 | — | — |
| 6 | FLOW TRADERS U.S. LLC | 17,33217,332 | $342,000 | — | — |
| 7 | Trek Financial, LLC | 17,27717,277 | $340,761 | — | TRIM -11% |
| 8 | SMART Wealth LLC | 15,48715,487 | $305,456 | — | — |
| 9 | OSAIC HOLDINGS, INC. | 11,90411,904 | $234,780 | — | — |
| 10 | HARBOUR INVESTMENTS, INC. | 7,1587,158 | $141,180 | — | ADD 16% |
| 11 | Quest 10 Wealth Builders, Inc. | 2,2502,250 | $44,378 | — | — |
| 12 | CoreCap Advisors, LLC | 1,4451,445 | $28,500 | — | ADD 30% |
| 13 | UBS Group AG | 1,0921,092 | $21,538 | — | ADD 68% |
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 |
|---|---|---|---|---|---|---|---|
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 25K | — | 13K | — | 22K | 55K | $1M |
| Arlington Capital Management, Inc. | 89K | 91K | 62K | 48K | 42K | 44K | $870,709 |
| SYKON CAPITAL LLC | — | — | — | 604K | 33K | 33K | $654,679 |
| OLD MISSION CAPITAL LLC | — | — | — | 26K | 14K | 32K | $639,274 |
| Kestra Advisory Services, LLC | 23K | 22K | 21K | 21K | 21K | 21K | $412,988 |
| FLOW TRADERS U.S. LLC | 26K | 22K | 22K | 17K | 17K | 17K | $342,000 |
| Trek Financial, LLC | 62K | 40K | 24K | 21K | 19K | 17K | $340,761 |
| SMART Wealth LLC | 594K | 17K | 14K | 15K | 16K | 15K | $305,456 |
| OSAIC HOLDINGS, INC. | 244 | 11K | 11K | 13K | 12K | 12K | $234,780 |
| HARBOUR INVESTMENTS, INC. | 1K | 1K | 6K | 6K | 6K | 7K | $141,180 |
| Quest 10 Wealth Builders, Inc. | 2K | 2K | 2K | 2K | 2K | 2K | $44,378 |
| CoreCap Advisors, LLC | 1K | 1K | 1K | 1K | 1K | 1K | $28,500 |
| UBS Group AG | — | 66 | — | — | 650 | 1K | $21,538 |
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 | |
|---|---|---|---|
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | +32,546 | $641,905 | ADD |
| OLD MISSION CAPITAL LLC | +18,364 | $362,193 | ADD |
| Arlington Capital Management, Inc. | +1,765 | $34,811 | ADD |
| HARBOUR INVESTMENTS, INC. | +973 | $19,190 | ADD |
| UBS Group AG | +442 | $8,718 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| JT Stratford LLC | −14,069 | $277,483 | CLOSE |
| Trek Financial, LLC | −2,068 | $40,787 | TRIM |
| Luminist Capital LLC | −360 | $7,100 | CLOSE |
| SMART Wealth LLC | −63 | $1,243 | — |
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 | 13 | 259,499 | — | $5M |
| 2025-Q4 | 15 | 221,491 | — | $4M |
| 2025-Q3 | 14 | 803,851 | — | $16M |
| 2025-Q2 | 15 | 1,017,750 | — | $20M |
| 2025-Q1 | 15 | 674,880 | — | $14M |
| 2024-Q4 | 21 | 1,441,289 | — | $29M |
| 2024-Q3 | 21 | 3,634,490 | — | $76M |
| 2024-Q2 | 18 | 4,292,911 | — | $85M |
| 2024-Q1 | 7 | 456,961 | — | $9M |
| 2023-Q4 | 5 | 332,058 | — | $7M |
| 2023-Q3 | 8 | 730,377 | — | $14M |
| 2023-Q2 | 6 | 717,358 | — | $15M |
| 2023-Q1 | 6 | 256,545 | — | $5M |
| 2022-Q4 | 6 | 27,578 | — | $545,607 |
| 2022-Q3 | 6 | 243,245 | — | $5M |
| 2022-Q2 | 4 | 37,975 | — | $817,000 |
| 2022-Q1 | 5 | 93,211 | — | $2M |
| 2021-Q4 | 5 | 376,280 | — | $9M |
| 2021-Q3 | 5 | 315,220 | — | $7M |
| 2021-Q2 | 6 | 359,479 | — | $8M |
| 2021-Q1 | 5 | 348,512 | — | $8M |
| 2020-Q4 | 5 | 165,166 | — | $4M |
| 2020-Q3 | 1 | 56,263 | — | $1M |
