% of shares outstanding is not shown for VMAX: 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 VMAX 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 | Hartford Funds Management Co LLC | 749,608749,608 | $42M | — | TRIM -13% |
| 2 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 8,3108,310 | $466,348 | — | TRIM -28% |
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 |
|---|---|---|---|---|---|---|---|
| Hartford Funds Management Co LLC | 857K | 857K | 857K | 857K | 857K | 750K | $42M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 9K | 15K | — | 11K | 12K | 8K | $466,348 |
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 | 2 | 757,918 | — | $43M |
| 2025-Q4 | 3 | 868,400 | — | $47M |
| 2025-Q3 | 2 | 867,810 | — | $46M |
| 2025-Q2 | 2 | 856,855 | — | $43M |
| 2025-Q1 | 2 | 872,115 | — | $42M |
| 2024-Q4 | 2 | 865,846 | — | $42M |
| 2024-Q3 | 1 | 5,587 | — | $275,089 |
| 2024-Q2 | 1 | 7,217 | — | $333,221 |
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 | |
|---|---|---|---|
| No filer increased its position this quarter. | |||
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Hartford Funds Management Co LLC | −107,226 | $6M | TRIM |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | −3,246 | $182,162 | TRIM |
| UBS Group AG | −10 | $561 | 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).
| 2024-Q1 | 1 | 5,703 | — | $271,241 |
| 2023-Q4 | 1 | 9,102 | — | $384,690 |
