% of shares outstanding is not shown for TFLO: 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 TFLO 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 | BANK OF AMERICA CORP /DE/ | 7,745,1497.7M | $392M | — | ADD 33% |
| 2 | LPL Financial LLC | 6,750,8276.8M | $342M | — | — |
| 3 | MORGAN STANLEY | 3,638,8703.6M | $184M | — | — |
| 4 | UBS Group AG | 2,042,0452.0M | $103M | — | TRIM -8% |
| 5 | Wealthspire Advisors, LLC | 1,792,8341.8M | $91M | — | ADD 4% |
| 6 | ENVESTNET ASSET MANAGEMENT INC | 1,750,3561.8M | $89M | — | TRIM -6% |
| 7 | Mariner, LLC | 1,561,6231.6M | $79M | — | — |
| 8 | Financial Advisory Corp | 1,494,4641.5M | $76M | — | TRIM -6% |
| 9 | Arbor Investment Advisors, LLC | 1,337,8261.3M | $68M | — | ADD 8% |
| 10 | BIP Wealth, LLC | 1,303,0011.3M | $66M | — | TRIM -13% |
| 11 | Capital Asset Advisory Services LLC | 1,182,8711.2M | $60M | — | ADD 17% |
| 12 | WELLS FARGO & COMPANY/MN | 1,164,7971.2M | $59M | — | ADD 35% |
| 13 | Northwest Quadrant Wealth Management, LLC | 1,135,7471.1M | $58M | — | ADD 3% |
| 14 | RAYMOND JAMES FINANCIAL INC | 1,072,6591.1M | $54M | — | — |
| 15 | Brookstone Capital Management | 1,065,2001.1M | $54M | — | ADD 6% |
| 16 | Vertex Planning Partners, LLC | 1,038,8191.0M | $53M | — | ADD 215% |
| 17 | Cetera Investment Advisers | 1,035,9061.0M | $52M | — | TRIM -4% |
| 18 | ROYAL BANK OF CANADA | 1,023,7831.0M | $52M | — | TRIM -19% |
| 19 | OSAIC HOLDINGS, INC. | 997,985997,985 | $51M | — | ADD 3% |
| 20 | STOCK YARDS BANK & TRUST CO | 907,031907,031 | $46M | — | — |
| 21 | Stash Investments, LLC | 906,988906,988 | $46M | — | ADD 4% |
| 22 | Cambridge Investment Research Advisors, Inc. | 856,299856,299 | $43M | — | TRIM -6% |
| 23 | AlphaCore Capital LLC | 832,366832,366 | $42M | — | — |
| 24 | STIFEL FINANCIAL CORP | 827,191827,191 | $42M | — | ADD 24% |
| 25 | Rinkey Investments | 796,761796,761 | $40M | — | TRIM -3% |
| 26 | Walker Financial Services, Inc. | 776,704776,704 | $39M | — | ADD 16% |
| 27 | Facet Wealth, Inc. | 699,741699,741 | $35M | — | ADD 9% |
| 28 | ASSETMARK, INC | 658,900658,900 | $33M | — | — |
| 29 | Laurel Wealth Advisors LLC | 636,839636,839 | $32M | — | ADD 6% |
| 30 | GeoWealth Management, LLC | 624,744624,744 | $32M | — | ADD 257% |
| 31 | Omnitrust Wealth Management, Inc | 619,183619,183 | $31M | — | ADD 264% |
| 32 | FORM Wealth Advisors, LLC | 585,477585,477 | $30M | — | NEW |
| 33 | Ifrah Financial Services, Inc. | 515,848515,848 | $26M | — | — |
| 34 | Cardinal Point Capital Management ULC | 514,649514,649 | $26M | — | ADD 32% |
| 35 | C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors | 494,090494,090 | $25M | — | ADD 20% |
| 36 | J2 Capital Management Inc | 483,683483,683 | $24M | — | ADD 80% |
| 37 | OneDigital Investment Advisors LLC | 464,752464,752 | $24M | — | TRIM -5% |
| 38 | MOULTON WEALTH MANAGEMENT, INC | 461,402461,402 | $23M | — | NEW |
| 39 | BEACON FINANCIAL GROUP | 449,808449,808 | $23M | — | — |
| 40 | Luminist Capital LLC | 445,105445,105 | $23M | — | ADD 75% |
| 41 | ARK & TLK INVESTMENTS, LLC | 436,853436,853 | $22M | — | TRIM -13% |
| 42 | Mutual Advisors, LLC | 431,963431,963 | $22M | — | ADD 219% |
| 43 | MKT Advisors LLC | 425,165425,165 | $21M | — | ADD 94% |
| 44 | HighTower Advisors, LLC | 416,662416,662 | $21M | — | TRIM -29% |
| 45 | SUMMITRY LLC | 409,027409,027 | $21M | — | — |
| 46 | Betterment LLC | 406,901406,901 | $21M | — | ADD 4% |
| 47 | Farther Finance Advisors, LLC | 399,043399,043 | $20M | — | ADD 49% |
| 48 | Creative Planning | 383,553383,553 | $19M | — | — |
| 49 | Weaver Consulting Group | 377,801377,801 | $19M | — | TRIM -8% |
| 50 | St. Louis Financial Planners Asset Management, LLC | 360,431360,431 | $18M | — | — |
| 51 | Portfolio Design Labs, LLC | 339,302339,302 | $17M | — | ADD 37% |
| 52 | JONES FINANCIAL COMPANIES LLLP | 317,993317,993 | $16M | — | TRIM -34% |
| 53 | Castle Rock Wealth Management, LLC | 303,924303,924 | $15M | — | ADD 8% |
| 54 | IFP Advisors, Inc | 296,312296,312 | $15M | — | ADD 35% |
| 55 | COMMONWEALTH EQUITY SERVICES, LLC | 292,273292,273 | $15M | — | TRIM -51% |
| 56 | Thrivent Financial for Lutherans | 291,138291,138 | $15M | — | NEW |
| 57 | Ascent Group, LLC | 277,035277,035 | $14M | — | ADD 36% |
| 58 | Wellington Grp LLC | 268,379268,379 | $14M | — | ADD 9% |
| 59 | J.W. COLE ADVISORS, INC. | 253,469253,469 | $13M | — | — |
| 60 | MERCER GLOBAL ADVISORS INC /ADV | 248,525248,525 | $13M | — | TRIM -3% |
| 61 | Elmwood Wealth Management, Inc. | 246,845246,845 | $12M | — | ADD 45% |
| 62 | FOUNDERS FINANCIAL SECURITIES LLC | 247,360247,360 | $12M | — | — |
| 63 | SILVER OAK SECURITIES, INCORPORATED | 245,240245,240 | $12M | — | TRIM -3% |
| 64 | WESCAP Management Group, Inc. | 244,181244,181 | $12M | — | ADD 8% |
| 65 | JPMORGAN CHASE & CO | 242,208242,208 | $12M | — | ADD 406% |
| 66 | Sugar Maple Asset Management, LLC | 241,455241,455 | $12M | — | ADD 22% |
| 67 | Private Advisor Group, LLC | 238,560238,560 | $12M | — | TRIM -11% |
| 68 | Optivise Advisory Services LLC | 230,838230,838 | $12M | — | ADD 39% |
| 69 | Arta Finance Wealth Management LLC | 228,780228,780 | $12M | — | TRIM -17% |
| 70 | Hutchens & Kramer Investment Management Group, LLC | 221,679221,679 | $11M | — | ADD 17% |
| 71 | Glenview Trust Co | 213,753213,753 | $11M | — | ADD 88% |
| 72 | HARTLINE INVESTMENT CORP/ | 213,380213,380 | $11M | — | ADD 3% |
| 73 | Legacy Wealth Asset Management, LLC | 199,657199,657 | $10M | — | ADD 6% |
| 74 | Orion Porfolio Solutions, LLC | 199,512199,512 | $10M | — | TRIM -16% |
| 75 | Waverly Advisors, LLC | 183,323183,323 | $9M | — | TRIM -18% |
| 76 | Equitable Holdings, Inc. | 181,867181,867 | $9M | — | TRIM -13% |
| 77 | Worth Asset Management, LLC | 174,572174,572 | $9M | — | NEW |
| 78 | Generation Capital Management LLC | 172,371172,371 | $9M | — | ADD 4% |
| 79 | Meridian Wealth Management, LLC | 170,670170,670 | $9M | — | ADD 6% |
| 80 | SEEDS INVESTOR LLC | 166,683166,683 | $8M | — | ADD 18% |
| 81 | Sovran Advisors, LLC | 166,110166,110 | $8M | — | ADD 2% |
| 82 | BNP PARIBAS FINANCIAL MARKETS | 164,760164,760 | $8M | — | ADD 3523% |
| 83 | LANDAAS & CO /WI /ADV | 160,320160,320 | $8M | — | TRIM -41% |
| 84 | UNITED CAPITAL FINANCIAL ADVISORS, LLC | 159,090159,090 | $8M | — | TRIM -16% |
| 85 | Element Wealth, LLC | 158,119158,119 | $8M | — | TRIM -8% |
| 86 | Janney Montgomery Scott LLC | 156,296156,296 | $8M | — | TRIM -11% |
| 87 | HAMEL ASSOCIATES, INC. | 154,390154,390 | $8M | — | TRIM -35% |
| 88 | Markin Asset Management, LP | 152,152152,152 | $8M | — | TRIM -30% |
| 89 | Stonebridge Financial Group, LLC | 149,518149,518 | $8M | — | TRIM -9% |
| 90 | ANDERSON HOAGLAND & CO | 145,961145,961 | $7M | — | — |
| 91 | Perigon Wealth Management, LLC | 144,795144,795 | $7M | — | — |
| 92 | Sankala Group LLC | 144,678144,678 | $7M | — | — |
| 93 | Cerity Partners LLC | 144,556144,556 | $7M | — | TRIM -12% |
| 94 | Capital Wealth Alliance, LLC | 134,910134,910 | $7M | — | ADD 6% |
| 95 | MML INVESTORS SERVICES, LLC | 128,808128,808 | $7M | — | TRIM -75% |
| 96 | GOLDMAN SACHS GROUP INC | 128,737128,737 | $7M | — | TRIM -45% |
| 97 | Montecito Bank & Trust | 123,548123,548 | $6M | — | ADD 4% |
| 98 | Pioneer Wealth Management Group | 121,028121,028 | $6M | — | ADD 442% |
| 99 | SteelPeak Wealth, LLC | 117,397117,397 | $6M | — | TRIM -8% |
| 100 | SAX WEALTH ADVISORS, LLC | 116,786116,786 | $6M | — | — |
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 |
|---|---|---|---|---|---|---|---|
| BANK OF AMERICA CORP /DE/ | 6.5M | 6.5M | 7.2M | 6.8M | 5.8M | 7.7M | $392M |
| LPL Financial LLC | 5.3M | 6.2M | 6.1M | 6.3M | 6.8M | 6.8M | $342M |
| MORGAN STANLEY | 3.8M | 3.9M | 4.1M | 3.9M | 3.6M | 3.6M | $184M |
| UBS Group AG | 2.8M | 2.6M | 2.7M | 2.5M | 2.2M | 2.0M | $103M |
| Wealthspire Advisors, LLC | 1.2M | 1.3M | 1.3M | 1.5M | 1.7M | 1.8M | $91M |
| ENVESTNET ASSET MANAGEMENT INC | 2.6M | 2.2M | 2.2M | 2.3M | 1.9M | 1.8M | $89M |
| Mariner, LLC | 1.5M | 1.6M | 1.7M | 1.7M | 1.6M | 1.6M | $79M |
| Financial Advisory Corp | 1.6M | 1.6M | 1.6M | 1.6M | 1.6M | 1.5M | $76M |
| Arbor Investment Advisors, LLC | 1.5M | 1.4M | 1.4M | 1.3M | 1.2M | 1.3M | $68M |
| BIP Wealth, LLC | 1.6M | 1.8M | 1.8M | 1.5M | 1.5M | 1.3M | $66M |
| Capital Asset Advisory Services LLC | 1.2M | 1.3M | 1.3M | 1.3M | 1.0M | 1.2M | $60M |
| WELLS FARGO & COMPANY/MN | 718K | 823K | 902K | 866K | 861K | 1.2M | $59M |
| Northwest Quadrant Wealth Management, LLC | 800K | 978K | 987K | 1.1M | 1.1M | 1.1M | $58M |
| RAYMOND JAMES FINANCIAL INC | 1.2M | 1.2M | 874K | 1.0M | 1.1M | 1.1M | $54M |
| Brookstone Capital Management | 965K | 959K | 974K | 1.0M | 1.0M | 1.1M | $54M |
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 | |
|---|---|---|---|
| BANK OF AMERICA CORP /DE/ | +1,920,892 | $97M | ADD |
| Vertex Planning Partners, LLC | +709,301 | $36M | ADD |
| FORM Wealth Advisors, LLC | +585,477 | $30M | OPEN |
| MOULTON WEALTH MANAGEMENT, INC | +461,402 | $23M | OPEN |
| GeoWealth Management, LLC | +449,599 | $23M | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| AXXCESS WEALTH MANAGEMENT, LLC | −998,661 | $51M | CLOSE |
| Jaffetilchin Investment Partners, LLC | −525,447 | $27M | TRIM |
| Wealthspire Retirement, LLC | −494,107 | $25M | TRIM |
| MML INVESTORS SERVICES, LLC | −377,631 | $19M | TRIM |
| COMMONWEALTH EQUITY SERVICES, LLC | −307,206 | $16M | 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 | 413 | 74,609,908 | — | $3.8B |
| 2025-Q4 | 411 | 71,911,473 | — | $3.6B |
| 2025-Q3 | 390 | 73,231,905 | — | $3.7B |
| 2025-Q2 | 404 | 78,171,292 | — | $4.0B |
| 2025-Q1 | 392 | 78,849,870 | — | $4.0B |
| 2024-Q4 | 409 | 78,644,713 | — | $4.0B |
| 2024-Q3 | 387 | 79,568,360 | — | $4.0B |
| 2024-Q2 | 414 | 82,178,151 | — | $4.1B |
| 2024-Q1 | 431 | 89,996,759 | — | $4.6B |
| 2023-Q4 | 523 | 177,255,663 | — | $8.9B |
| 2023-Q3 | 455 | 169,845,525 | — | $8.6B |
| 2023-Q2 | 274 | 81,707,399 | — | $4.1B |
| 2023-Q1 | 248 | 76,861,829 | — | $3.9B |
| 2022-Q4 | 229 | 60,682,299 | — | $3.1B |
| 2022-Q3 | 172 | 53,987,974 | — | $2.7B |
| 2022-Q2 | 112 | 26,219,331 | — | $1.3B |
| 2022-Q1 | 70 | 8,884,505 | — | $447M |
| 2021-Q4 | 58 | 4,443,827 | — | $223M |
| 2021-Q3 | 56 | 2,779,900 | — | $140M |
| 2021-Q2 | 56 | 2,790,055 | — | $140M |
| 2021-Q1 | 59 | 3,746,792 | — | $188M |
| 2020-Q4 | 60 | 4,373,234 | — | $220M |
| 2020-Q3 | 59 | 4,744,397 | — | $239M |
| 2020-Q2 | 62 | 4,833,713 | — | $243M |
| 2020-Q1 | 61 | 5,870,804 | — | $295M |
| 2019-Q4 | 61 | 5,516,497 | — | $277M |
| 2019-Q3 | 61 | 6,292,915 | — | $316M |
| 2019-Q2 | 64 | 7,081,499 | — | $356M |
| 2019-Q1 | 63 | 7,169,115 | — | $361M |
| 2018-Q4 | 57 | 6,358,500 | — | $320M |
| 2018-Q3 | 35 | 2,461,880 | — | $124M |
| 2018-Q2 | 24 | 1,998,546 | — | $101M |
| 2018-Q1 | 20 | 872,788 | — | $44M |
| 2017-Q4 | 14 | 401,458 | — | $20M |
| 2017-Q3 | 11 | 290,366 | — | $15M |
| 2017-Q2 | 14 | 268,220 | — | $13M |
| 2017-Q1 | 11 | 225,995 | — | $11M |
| 2016-Q4 | 10 | 215,546 | — | $11M |
| 2016-Q3 | 11 | 201,450 | — | $10M |
| 2016-Q2 | 12 | 213,143 | — | $11M |
| 2016-Q1 | 11 | 162,828 | — | $8M |
| 2015-Q4 | 10 | 191,410 | — | $10M |
| 2015-Q3 | 11 | 165,846 | — | $8M |
| 2015-Q2 | 11 | 197,945 | — | $10M |
| 2015-Q1 | 9 | 106,595 | — | $5M |
| 2014-Q4 | 9 | 111,991 | — | $6M |
| 2014-Q3 | 6 | 119,413 | — | $6M |
| 2014-Q2 | 7 | 39,598 | — | $2M |
| 2014-Q1 | 3 | 55,308 | — | $3M |
