% of shares outstanding is not shown for UPV: 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 UPV 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 | Cassaday & Co Wealth Management LLC | 24,06024,060 | $2M | — | — |
| 2 | JANE STREET GROUP, LLC | 2,8992,899 | $248,701 | — | NEW |
| 3 | Elm3 Financial Group, LLC | 2,4212,421 | $207,725 | — | NEW |
| 4 | Farther Finance Advisors, LLC | 1919 | $1,677 | — | — |
| 5 | MORGAN STANLEY | 11 | $127 | — | — |
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 |
|---|---|---|---|---|---|---|---|
| Cassaday & Co Wealth Management LLC | 24K | 24K | 24K | 24K | 24K | 24K | $2M |
| JANE STREET GROUP, LLC | — | — | — | — | — | 3K | $248,701 |
| Elm3 Financial Group, LLC | — | — | — | — | — | 2K | $207,725 |
| Farther Finance Advisors, LLC | — | — | 30 | 30 | 19 | 19 | $1,677 |
| MORGAN STANLEY | — | 2 | 8 | 1 | 1 | 1 | $127 |
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 | |
|---|---|---|---|
| JANE STREET GROUP, LLC | +2,899 | $248,701 | OPEN |
| Elm3 Financial Group, LLC | +2,421 | $207,694 | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| UBS Group AG | −18 | $1,544 | 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).
| Quarter | Holders | Shares held | % shares out | Value held |
|---|---|---|---|---|
| 2026-Q1 | 5 | 29,400 | — | $3M |
| 2025-Q4 | 4 | 24,098 | — | $2M |
| 2025-Q3 | 4 | 24,245 | — | $2M |
| 2025-Q2 | 4 | 24,151 | — | $2M |
| 2025-Q1 | 2 | 24,062 | — | $2M |
| 2024-Q4 | 2 | 24,064 | — | $1M |
| 2024-Q3 | 3 | 32,273 | — | $2M |
| 2024-Q2 | 3 | 29,298 | — | $2M |
| 2024-Q1 | 1 | 24,060 | — | $2M |
| 2023-Q4 | 1 | 24,060 | — | $1M |
| 2023-Q3 | 3 | 48,894 | — | $2M |
| 2023-Q2 | 4 | 47,209 | — | $3M |
| 2023-Q1 | 3 | 40,141 | — | $2M |
| 2022-Q4 | 3 | 21,719 | — | $978,441 |
| 2022-Q3 | 2 | 11,101 | — | $352,000 |
| 2022-Q2 | 3 | 13,295 | — | $564,000 |
| 2022-Q1 | 2 | 5,445 | — | $317,000 |
| 2021-Q4 | 3 | 24,203 | — | $2M |
| 2021-Q3 | 3 | 11,119 | — | $721,000 |
| 2021-Q2 | 1 | 6,854 | — | $463,000 |
| 2021-Q1 | 2 | 16,529 | — | $972,000 |
| 2020-Q4 | 3 | 16,383 | — | $879,000 |
| 2020-Q3 | 2 | 22,456 | — | $916,000 |
| 2020-Q2 | 1 | 200 | — | $8,000 |
| 2020-Q1 | 1 | 445 | — | $12,000 |
| 2019-Q4 | 1 | 12,379 | — | $686,000 |
| 2019-Q3 | 2 | 18,944 | — | $880,000 |
| 2019-Q2 | 4 | 11,582 | — | $567,000 |
| 2019-Q1 | 4 | 21,739 | — | $993,000 |
| 2018-Q4 | 4 | 12,794 | — | $485,000 |
| 2018-Q3 | 6 | 31,459 | — | $2M |
| 2018-Q2 | 9 | 42,334 | — | $2M |
| 2018-Q1 | 8 | 30,203 | — | $2M |
| 2017-Q4 | 8 | 40,373 | — | $2M |
| 2017-Q3 | 6 | 37,285 | — | $2M |
| 2017-Q2 | 7 | 43,611 | — | $2M |
| 2017-Q1 | 8 | 38,796 | — | $2M |
| 2016-Q4 | 8 | 45,643 | — | $2M |
| 2016-Q3 | 7 | 21,145 | — | $813,000 |
| 2016-Q2 | 8 | 21,673 | — | $752,000 |
| 2016-Q1 | 6 | 208,619 | — | $8M |
| 2015-Q4 | 8 | 146,280 | — | $6M |
| 2015-Q3 | 7 | 201,680 | — | $8M |
| 2015-Q2 | 7 | 287,528 | — | $14M |
| 2015-Q1 | 7 | 216,361 | — | $10M |
| 2014-Q4 | 6 | 74,460 | — | $3M |
| 2014-Q3 | 5 | 63,410 | — | $3M |
| 2014-Q2 | 7 | 28,092 | — | $2M |
| 2014-Q1 | 3 | 46,650 | — | $2M |
| 2013-Q4 | 1 | 1,124 | — | $57,000 |
| 2013-Q3 | 3 | 9,793 | — | $428,000 |
| 2013-Q2 | 2 | 34,124 | — | $1M |
