% of shares outstanding is not shown for XAPR: 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 XAPR 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 | HARBOUR INVESTMENTS, INC. | 79,22379,223 | $3M | — | TRIM -4% |
| 2 | Kestra Advisory Services, LLC | 32,65332,653 | $1M | — | TRIM -12% |
| 3 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 22,80722,807 | $840,324 | — | ADD 68% |
| 4 | Cetera Investment Advisers | 20,24620,246 | $745,964 | — | TRIM -89% |
| 5 | OLD MISSION CAPITAL LLC | 19,96219,962 | $735,499 | — | TRIM -33% |
| 6 | OSAIC HOLDINGS, INC. | 17,74117,741 | $653,714 | — | TRIM -44% |
| 7 | UPTICK PARTNERS, LLC | 16,68216,682 | $614,648 | — | TRIM -3% |
| 8 | COMMONWEALTH EQUITY SERVICES, LLC | 15,79415,794 | $581,930 | — | — |
| 9 | Sequent Planning LLC | 7,9517,951 | $292,955 | — | — |
| 10 | Focus Partners Wealth | 7,9307,930 | $292,181 | — | TRIM -6% |
| 11 | CROSSPOINT FINANCIAL, LLC | 7,5007,500 | $276,338 | — | — |
| 12 | Arlington Capital Management, Inc. | 6,9406,940 | $255,705 | — | ADD 7% |
| 13 | RAYMOND JAMES FINANCIAL INC | 6,7606,760 | $249,072 | — | TRIM -4% |
| 14 | CreativeOne Wealth, LLC | 6,1136,113 | $225,233 | — | TRIM -75% |
| 15 | BARCLAYS PLC | 3,0953,095 | $114,035 | — | — |
| 16 | Smartleaf Asset Management LLC | 1,1141,114 | $40,956 | — | TRIM -18% |
| 17 | Integrity Financial Corp /WA | 987987 | $36,366 | — | — |
| 18 | Capital Investment Advisory Services, LLC | 941941 | $34,671 | — | TRIM -8% |
| 19 | DHJJ Financial Advisors, Ltd. | 810810 | $29,845 | — | — |
| 20 | UBS Group AG | 302302 | $11,127 | — | NEW |
| 21 | BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 200200 | $7,369 | — | — |
| 22 | WELLS FARGO & COMPANY/MN | 181181 | $6,669 | — | — |
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 |
|---|---|---|---|---|---|---|---|
| HARBOUR INVESTMENTS, INC. | 2K | 2K | 10K | 42K | 83K | 79K | $3M |
| Kestra Advisory Services, LLC | 32K | 28K | 42K | 39K | 37K | 33K | $1M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 15K | 37K | 48K | 19K | 14K | 23K | $840,324 |
| Cetera Investment Advisers | 135K | 13K | 149K | 194K | 182K | 20K | $745,964 |
| OLD MISSION CAPITAL LLC | — | 17K | — | — | 30K | 20K | $735,499 |
| OSAIC HOLDINGS, INC. | 6K | 2K | 49K | 40K | 32K | 18K | $653,714 |
| UPTICK PARTNERS, LLC | 17K | 17K | 18K | 17K | 17K | 17K | $614,648 |
| COMMONWEALTH EQUITY SERVICES, LLC | 13K | 11K | 24K | 16K | 16K | 16K | $581,930 |
| Sequent Planning LLC | — | — | 8K | 8K | 8K | 8K | $292,955 |
| Focus Partners Wealth | — | — | 8K | 9K | 8K | 8K | $292,181 |
| CROSSPOINT FINANCIAL, LLC | — | — | 8K | 8K | 8K | 8K | $276,338 |
| Arlington Capital Management, Inc. | — | — | — | 7K | 7K | 7K | $255,705 |
| RAYMOND JAMES FINANCIAL INC | — | — | — | — | 7K | 7K | $249,072 |
| CreativeOne Wealth, LLC | 29K | — | 37K | 27K | 25K | 6K | $225,233 |
| BARCLAYS PLC | 5K | 6K | 791 | 5K | 3K | 3K | $114,035 |
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 | 22 | 275,932 | — | $10M |
| 2025-Q4 | 27 | 744,494 | — | $27M |
| 2025-Q3 | 27 | 689,489 | — | $25M |
| 2025-Q2 | 25 | 727,375 | — | $26M |
| 2025-Q1 | 18 | 200,540 | — | $7M |
| 2024-Q4 | 23 | 583,480 | — | $19M |
| 2024-Q3 | 18 | 413,320 | — | $13M |
| 2024-Q2 | 12 | 221,248 | — | $7M |
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 | |
|---|---|---|---|
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | +9,256 | $341,037 | ADD |
| Arlington Capital Management, Inc. | +438 | $16,138 | ADD |
| UBS Group AG | +302 | $11,127 | OPEN |
| COMMONWEALTH EQUITY SERVICES, LLC | +280 | $10,317 | — |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| ENVESTNET ASSET MANAGEMENT INC | −195,878 | $7M | CLOSE |
| Cetera Investment Advisers | −161,774 | $6M | TRIM |
| Signal Advisors Wealth, LLC | −22,335 | $822,933 | CLOSE |
| CreativeOne Wealth, LLC | −18,758 | $691,139 | TRIM |
| VestGen Investment Management | −16,331 | $601,716 | 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).
