% of shares outstanding is not shown for UPAR: 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 UPAR 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 | EVOKE WEALTH, LLC | 2,549,8462.5M | $41M | — | ADD 3% |
| 2 | 46 Peaks LLC | 51,03451,034 | $828,363 | — | — |
| 3 | Brookwood Investment Group LLC | 12,09212,092 | $196,277 | — | NEW |
| 4 | Fermata Advisors, LLC | 10,99010,990 | $178,377 | — | — |
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 |
|---|---|---|---|---|---|---|---|
| EVOKE WEALTH, LLC | 2.6M | 2.9M | 2.5M | 2.5M | 2.5M | 2.5M | $41M |
| 46 Peaks LLC | — | — | — | — | 51K | 51K | $828,363 |
| Brookwood Investment Group LLC | — | — | — | — | — | 12K | $196,277 |
| Fermata Advisors, LLC | — | — | — | — | 11K | 11K | $178,377 |
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.
| Quarter | Holders | Shares held | % shares out | Value held |
|---|---|---|---|---|
| 2026-Q1 | 4 | 2,623,962 | — | $43M |
| 2025-Q4 | 5 | 2,588,460 |
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 | |
|---|---|---|---|
| EVOKE WEALTH, LLC | +70,717 | $1M | ADD |
| Brookwood Investment Group LLC | +12,092 | $196,273 | OPEN |
| 46 Peaks LLC | +104 | $1,688 | — |
| Fermata Advisors, LLC | +7 | $114 | — |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| JANE STREET GROUP, LLC | −47,178 | $765,774 | CLOSE |
| UBS Group AG | −240 | $3,896 | CLOSE |
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).
| — |
| $40M |
| 2025-Q3 | 4 | 2,561,537 | — | $39M |
| 2025-Q2 | 5 | 2,582,606 | — | $36M |
| 2025-Q1 | 6 | 3,007,398 | — | $42M |
| 2024-Q4 | 6 | 2,832,735 | — | $37M |
| 2024-Q3 | 5 | 2,950,213 | — | $44M |
| 2024-Q2 | 5 | 1,081,494 | — | $15M |
| 2024-Q1 | 5 | 2,700,199 | — | $37M |
| 2023-Q4 | 12 | 2,081,756 | — | $28M |
| 2023-Q3 | 9 | 2,498,753 | — | $30M |
| 2023-Q2 | 8 | 1,621,064 | — | $22M |
| 2023-Q1 | 5 | 1,360,740 | — | $19M |
| 2022-Q4 | 6 | 3,120,976 | — | $42M |
| 2022-Q3 | 5 | 1,812,300 | — | $22M |
| 2022-Q2 | 4 | 1,649,710 | — | $24M |
| 2022-Q1 | 3 | 880,747 | — | $16M |
