% of shares outstanding is not shown for UPSD: 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 UPSD in the served universe — the cohort is size-matched, and an unmatched percentile would compare a micro-cap register to a mega-cap one.
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 |
|---|---|---|---|---|---|---|---|
| Aptus Capital Advisors, LLC | — | 838K | 1.8M | 1.8M | 2.0M | 1.9M | $49M |
| ENVESTNET ASSET MANAGEMENT INC | 296K | 386K | 521K | 526K | — | 591K | $15M |
| Park Place Capital Corp | — | 373K | 492K | 500K | 528K | 574K | $15M |
| Signal Advisors Wealth, LLC | — | 127K | 219K | 283K | 347K | 444K | $11M |
| Waterloo Capital, L.P. | — | 245K | 317K | 398K | 408K | 405K | $10M |
| Uniting Wealth Partners, LLC | — | 134K | 165K | 206K | 250K | 265K | $7M |
| 6th Street Advisors, LLC | — | — | — | — | — | 180K | $5M |
| Financial Guidance Group, Inc. | — | — | 111K | 127K | 140K | 160K | $4M |
| MARIPAU WEALTH MANAGEMENT LLC | — | 65K | 109K | 115K | 119K | 130K | $3M |
| Lord & Richards Wealth Management, LLC | — | 23K | 61K | 68K | 104K | 109K | $3M |
| Second Line Capital, LLC | — | — | 64K | 70K | 73K | 94K | $3M |
| MBE Wealth Management, LLC | — | 75K | 78K | 77K | 83K | 92K | $2M |
| SILVER OAK SECURITIES, INCORPORATED | — | 29K | 68K | 80K | 85K | 88K | $2M |
| RENASANT BANK | — | 103K | 97K | 98K | 77K | 78K | $2M |
| Cushing Capital Partners, LLC | 17K | 60K | 66K | 79K | 89K | 77K | $2M |
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 | 27 | 5,355,640 | — | $137M |
| 2025-Q4 | 24 | 4,535,430 | — | $121M |
| 2025-Q3 | 20 | 4,515,718 | — | $120M |
| 2025-Q2 | 19 | 4,212,472 | — | $104M |
| 2025-Q1 | 16 | 2,537,475 | — | $59M |
| 2024-Q4 | 4 | 378,822 | — | $9M |
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 | |
|---|---|---|---|
| ENVESTNET ASSET MANAGEMENT INC | +590,532 | $15M | OPEN |
| 6th Street Advisors, LLC | +179,843 | $5M | OPEN |
| Signal Advisors Wealth, LLC | +97,450 | $2M | ADD |
| Park Place Capital Corp | +45,608 | $1M | ADD |
| Financial Guidance Group, Inc. | +20,698 | $527,799 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Aptus Capital Advisors, LLC | −78,095 | $2M | TRIM |
| Savvy Advisors, Inc. | −53,808 | $1M | CLOSE |
| Tailwinds Wealth, LLC | −47,464 | $1M | CLOSE |
| OLD MISSION CAPITAL LLC | −17,215 | $438,983 | CLOSE |
| True Vision MN LLC | −16,669 | $425,060 | 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).
