% of shares outstanding is not shown for XCAFX: 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 XCAFX 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 | CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | 6,110,2416.1M | $107M | — | — |
| 2 | LAZARD ASSET MANAGEMENT LLC | 1,928,5121.9M | $34M | — | TRIM -19% |
| 3 | Allspring Global Investments Holdings, LLC | 1,847,7161.8M | $32M | — | ADD 10% |
| 4 | 1607 Capital Partners, LLC | 591,112591,112 | $10M | — | TRIM -9% |
| 5 | Saba Capital Management, L.P. | 526,179526,179 | $9M | — | TRIM -17% |
| 6 | Karpus Management, Inc. | 473,263473,263 | $8M | — | TRIM -15% |
| 7 | PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | 333,222333,222 | $6M | — | TRIM -56% |
| 8 | Matisse Capital | 178,100178,100 | $3M | — | TRIM -24% |
| 9 | BANK OF MONTREAL /CAN/ | 175,000175,000 | $3M | — | NEW |
| 10 | COHEN & STEERS, INC. | 110,000110,000 | $2M | — | ADD 77% |
| 11 | Sculptor Capital LP | 104,821104,821 | $2M | — | NEW |
| 12 | UBS Group AG | 84,08384,083 | $1M | — | ADD 5119% |
| 13 | CSS LLC/IL | 78,93278,932 | $1M | — | ADD 98% |
| 14 | Ursa Fund Management, LLC | 70,10070,100 | $1M | — | NEW |
| 15 | Marex Group plc | 40,00040,000 | $700,000 | — | — |
| 16 | MORGAN STANLEY | 29,74729,747 | $520,578 | — | ADD 6% |
| 17 | ROYAL BANK OF CANADA | 27,46227,462 | $481,000 | — | ADD 11% |
| 18 | STRS OHIO | 23,86123,861 | $417,568 | — | — |
| 19 | XTX Topco Ltd | 15,95415,954 | $279,195 | — | NEW |
| 20 | RAYMOND JAMES FINANCIAL INC | 13,51213,512 | $236,460 | — | ADD 3% |
| 21 | Dakota Wealth Management | 10,19110,191 | $178,343 | — | TRIM -43% |
| 22 | PNC FINANCIAL SERVICES GROUP, INC. | 6,5166,516 | $114,030 | — | TRIM -14% |
| 23 | WELLS FARGO & COMPANY/MN | 3,4643,464 | $60,627 | — | ADD 21% |
| 24 | FIFTH THIRD BANCORP | 2,2302,230 | $39,025 | — | NEW |
| 25 | ST GERMAIN D J CO INC | 1,6001,600 | $28,000 | — | — |
| 26 | Rockefeller Capital Management L.P. | 800800 | $14,000 | — | — |
| 27 | NATIONAL BANK OF CANADA /FI/ | 500500 | $8,750 | — | — |
| 28 | US BANCORP \DE\ | 357357 | $6,248 | — | — |
| 29 | Steward Partners Investment Advisory, LLC | 262262 | $4,585 | — | — |
| 30 | MATHER GROUP, LLC. | 175175 | $3,063 | — | NEW |
| 31 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 157157 | $2,754 | — | — |
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 |
|---|---|---|---|---|---|---|---|
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | 5.5M | 5.6M | 6.0M | 6.1M | 6.1M | 6.1M | $107M |
| LAZARD ASSET MANAGEMENT LLC | 2.3M | 2.3M | 2.3M | 2.3M | 2.4M | 1.9M | $34M |
| Allspring Global Investments Holdings, LLC | 2.3M | 2.3M | 2.0M | 1.9M | 1.7M | 1.8M | $32M |
| 1607 Capital Partners, LLC | 940K | 745K | 712K | 672K | 649K | 591K | $10M |
| Saba Capital Management, L.P. | — | — | 154K | 275K | 635K | 526K | $9M |
| Karpus Management, Inc. | 624K | 618K | 620K | 606K | 557K | 473K | $8M |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | — | 704K | 665K | 678K | 756K | 333K | $6M |
| Matisse Capital | 233K | 233K | 233K | 233K | 233K | 178K | $3M |
| BANK OF MONTREAL /CAN/ | — | — | — | — | — | 175K | $3M |
| COHEN & STEERS, INC. | 27K | 27K | 27K | 37K | 62K | 110K | $2M |
| Sculptor Capital LP | — | — | — | — | — | 105K | $2M |
| UBS Group AG | 4K | 5K | 4K | 4K | 2K | 84K | $1M |
| CSS LLC/IL | 30K | 29K | 30K | 28K | 40K | 79K | $1M |
| Ursa Fund Management, LLC | — | — | — | — | — | 70K | $1M |
| Marex Group plc | — | — | — | — | 40K | 40K | $700,000 |
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 | |
|---|---|---|---|
| BANK OF MONTREAL /CAN/ | +175,000 | $3M | OPEN |
| Allspring Global Investments Holdings, LLC | +172,697 | $3M | ADD |
| Sculptor Capital LP | +104,821 | $2M | OPEN |
| UBS Group AG | +82,472 | $2M | ADD |
| Ursa Fund Management, LLC | +70,100 | $1M | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| LAZARD ASSET MANAGEMENT LLC | −441,484 | $9M | TRIM |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | −422,690 | $8M | TRIM |
| Saba Capital Management, L.P. | −108,774 | $2M | TRIM |
| Karpus Management, Inc. | −83,468 | $2M | TRIM |
| 1607 Capital Partners, LLC | −57,898 | $1M | TRIM |
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 | 31 | 12,788,069 | — | $224M |
| 2025-Q4 | 33 | 13,342,364 | — | $232M |
| 2025-Q3 | 34 | 13,215,140 | — | $220M |
| 2025-Q2 | 30 | 13,054,734 | — | $180M |
| 2025-Q1 | 32 | 12,886,384 | — | $169M |
| 2024-Q4 | 31 | 12,384,854 | — | $154M |
| 2024-Q3 | 29 | 13,600,417 | — | $184M |
| 2024-Q2 | 29 | 13,262,219 | — | $156M |
| 2024-Q1 | 26 | 12,741,855 | — | $153M |
| 2023-Q4 | 32 | 17,031,414 | — | $217M |
| 2023-Q3 | 30 | 16,713,882 | — | $208M |
| 2023-Q2 | 34 | 16,674,733 | — | $212M |
| 2023-Q1 | 32 | 16,718,703 | — | $240M |
| 2022-Q4 | 35 | 16,789,961 | — | $238M |
| 2022-Q3 | 27 | 16,448,551 | — | $223M |
| 2022-Q2 | 31 | 16,234,297 | — | $275M |
| 2022-Q1 | 31 | 16,066,608 | — | $263M |
| 2021-Q4 | 37 | 16,032,857 | — | $327M |
| 2021-Q3 | 34 | 15,733,283 | — | $330M |
| 2021-Q2 | 42 | 15,187,244 | — | $347M |
| 2021-Q1 | 40 | 15,265,077 | — | $344M |
| 2020-Q4 | 46 | 14,197,378 | — | $315M |
| 2020-Q3 | 43 | 13,486,425 | — | $285M |
| 2020-Q2 | 42 | 13,211,342 | — | $258M |
| 2020-Q1 | 47 | 12,551,369 | — | $227M |
| 2019-Q4 | 40 | 11,403,360 | — | $248M |
| 2019-Q3 | 41 | 10,709,879 | — | $219M |
| 2019-Q2 | 47 | 10,049,549 | — | $219M |
| 2019-Q1 | 48 | 9,734,472 | — | $227M |
| 2018-Q4 | 52 | 10,346,840 | — | $189M |
| 2018-Q3 | 55 | 10,042,888 | — | $216M |
| 2018-Q2 | 63 | 8,417,223 | — | $194M |
| 2018-Q1 | 66 | 9,173,992 | — | $228M |
| 2017-Q4 | 63 | 9,759,092 | — | $223M |
| 2017-Q3 | 57 | 9,098,694 | — | $217M |
| 2017-Q2 | 59 | 8,915,262 | — | $199M |
| 2017-Q1 | 50 | 10,275,025 | — | $197M |
| 2016-Q4 | 55 | 10,245,193 | — | $174M |
| 2016-Q3 | 53 | 10,001,384 | — | $173M |
| 2016-Q2 | 58 | 12,211,896 | — | $202M |
| 2016-Q1 | 54 | 10,982,488 | — | $186M |
| 2015-Q4 | 64 | 12,377,730 | — | $214M |
| 2015-Q3 | 46 | 11,983,118 | — | $247M |
| 2015-Q2 | 54 | 9,728,476 | — | $330M |
| 2015-Q1 | 48 | 8,154,321 | — | $268M |
| 2014-Q4 | 37 | 6,812,210 | — | $207M |
| 2014-Q3 | 32 | 6,548,656 | — | $159M |
| 2014-Q2 | 34 | 6,544,440 | — | $144M |
| 2014-Q1 | 38 | 6,242,888 | — | $135M |
| 2013-Q4 | 44 | 6,507,781 | — | $155M |
| 2013-Q3 | 43 | 5,968,564 | — | $132M |
| 2013-Q2 | 41 | 5,930,491 | — | $114M |
| 2013-Q1 | 5 | 129,240 | — | $3M |
