% of shares outstanding is not shown for XCXEX: 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 XCXEX 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 | Almitas Capital LLC | 1,266,8531.3M | $5M | — | ADD 6% |
| 2 | UBS Group AG | 1,196,8921.2M | $4M | — | TRIM -3% |
| 3 | Saba Capital Management, L.P. | 1,110,5151.1M | $4M | — | TRIM -8% |
| 4 | BANK OF AMERICA CORP /DE/ | 1,029,1291.0M | $4M | — | — |
| 5 | Pathstone Holdings, LLC | 999,681999,681 | $4M | — | ADD 14% |
| 6 | RIVERNORTH CAPITAL MANAGEMENT, LLC | 922,762922,762 | $3M | — | TRIM -2% |
| 7 | COMMONWEALTH EQUITY SERVICES, LLC | 665,235665,235 | $2M | — | — |
| 8 | ROBINSON CAPITAL MANAGEMENT, LLC | 644,863644,863 | $2M | — | ADD 11% |
| 9 | SIT INVESTMENT ASSOCIATES INC | 633,241633,241 | $2M | — | ADD 28% |
| 10 | Summit Financial, LLC | 576,180576,180 | $2M | — | TRIM -5% |
| 11 | WHITEBOX ADVISORS LLC | 512,763512,763 | $2M | — | — |
| 12 | CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | 475,885475,885 | $2M | — | ADD 143% |
| 13 | Bulldog Investors, LLP | 449,633449,633 | $2M | — | — |
| 14 | MORGAN STANLEY | 292,643292,643 | $1M | — | ADD 8% |
| 15 | Closed-End Fund Advisors, Inc. | 274,770274,770 | $1M | — | ADD 2% |
| 16 | MELFA WEALTH MANAGEMENT, INC. | 165,470165,470 | $613,894 | — | — |
| 17 | Cambridge Investment Research Advisors, Inc. | 108,795108,795 | $404,000 | — | — |
| 18 | CAPTRUST FINANCIAL ADVISORS | 104,117104,117 | $386,274 | — | — |
| 19 | BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 103,096103,096 | $382,486 | — | ADD 2% |
| 20 | RIVERBRIDGE PARTNERS LLC | 101,715101,715 | $377,364 | — | ADD 18% |
| 21 | Thomas J. Herzfeld Advisors, Inc. | 88,44388,443 | $328,124 | — | TRIM -47% |
| 22 | Catalina Capital Group, LLC | 82,01782,017 | $304,283 | — | — |
| 23 | Matisse Capital | 73,09073,090 | $271,164 | — | — |
| 24 | Noble Wealth Management PBC | 72,34072,340 | $268,381 | — | TRIM -34% |
| 25 | RAYMOND JAMES FINANCIAL INC | 65,79165,791 | $244,084 | — | TRIM -24% |
| 26 | Capital Investment Advisors, LLC | 64,51764,517 | $239,358 | — | — |
| 27 | TRUIST FINANCIAL CORP | 62,92262,922 | $233,441 | — | — |
| 28 | Steward Partners Investment Advisory, LLC | 56,40956,409 | $209,278 | — | TRIM -36% |
| 29 | ENVESTNET ASSET MANAGEMENT INC | 54,94854,948 | $203,857 | — | — |
| 30 | NewEdge Advisors, LLC | 201,166201,166 | $201,166 | — | ADD 21% |
| 31 | Logan Stone Capital, LLC | 49,09349,093 | $182,135 | — | TRIM -68% |
| 32 | Kestra Advisory Services, LLC | 44,59044,590 | $165,429 | — | NEW |
| 33 | Novak & Powell Financial Services, Inc. | 38,18338,183 | $141,659 | — | — |
| 34 | ROYAL BANK OF CANADA | 33,66633,666 | $125,000 | — | ADD 43% |
| 35 | Mariner, LLC | 29,60829,608 | $109,847 | — | — |
| 36 | STIFEL FINANCIAL CORP | 29,53829,538 | $109,586 | — | — |
| 37 | EVOLVE PRIVATE WEALTH, LLC | 24,28224,282 | $90,086 | — | TRIM -2% |
| 38 | LPL Financial LLC | 23,29323,293 | $86,416 | — | ADD 40% |
| 39 | DAVIS R M INC | 23,10423,104 | $85,716 | — | TRIM -26% |
| 40 | HORIZON KINETICS ASSET MANAGEMENT LLC | 21,52521,525 | $79,858 | — | TRIM -19% |
| 41 | BOKF, NA | 20,14320,143 | $74,731 | — | — |
| 42 | OSAIC HOLDINGS, INC. | 18,84818,848 | $69,925 | — | — |
| 43 | Cetera Investment Advisers | 18,07918,079 | $67,073 | — | — |
| 44 | ACT Advisors, LLC. | 17,68917,689 | $65,626 | — | — |
| 45 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 16,87216,872 | $62,595 | — | TRIM -62% |
| 46 | Mutual Advisors, LLC | 16,49616,496 | $61,200 | — | NEW |
| 47 | HighTower Advisors, LLC | 15,24415,244 | $56,555 | — | TRIM -38% |
| 48 | Farther Finance Advisors, LLC | 15,00015,000 | $55,425 | — | NEW |
| 49 | Patriot Financial Group Insurance Agency, LLC | 14,39014,390 | $53,386 | — | NEW |
| 50 | Collar Capital Management, LLC | 14,00014,000 | $51,940 | — | — |
| 51 | Allworth Financial LP | 13,00013,000 | $48,230 | — | — |
| 52 | WELLS FARGO & COMPANY/MN | 11,30311,303 | $41,934 | — | TRIM -48% |
| 53 | ADAPT WEALTH ADVISORS, LLC | 10,80010,800 | $40,068 | — | NEW |
| 54 | Indivisible Partners | 10,50010,500 | $38,955 | — | — |
| 55 | Park Place Capital Corp | 10,26210,262 | $38,072 | — | — |
| 56 | HRT FINANCIAL LP | 10,41210,412 | $38,000 | — | NEW |
| 57 | Mascoma Wealth Management LLC | 2,5172,517 | $9,338 | — | — |
| 58 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 1,6001,600 | $5,936 | — | — |
| 59 | HIGHLINE WEALTH PARTNERS LLC | 1,0001,000 | $3,710 | — | — |
| 60 | Arax Advisory Partners | 131131 | $186 | — | ADD 162% |
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 |
|---|---|---|---|---|---|---|---|
| Almitas Capital LLC | 922K | 1.0M | 1.1M | 2.2M | 1.2M | 1.3M | $5M |
| UBS Group AG | 789K | 716K | 716K | 700K | 1.2M | 1.2M | $4M |
| Saba Capital Management, L.P. | 2.2M | 2.2M | 2.4M | 2.2M | 1.2M | 1.1M | $4M |
| BANK OF AMERICA CORP /DE/ | 1.3M | 1.2M | 1.0M | 1.0M | 1.0M | 1.0M | $4M |
| Pathstone Holdings, LLC | 354K | 374K | 306K | 295K | 876K | 1000K | $4M |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | 945K | 945K | 945K | 945K | 945K | 923K | $3M |
| COMMONWEALTH EQUITY SERVICES, LLC | 687K | 672K | 677K | 665K | 665K | 665K | $2M |
| ROBINSON CAPITAL MANAGEMENT, LLC | — | — | — | — | 580K | 645K | $2M |
| SIT INVESTMENT ASSOCIATES INC | 620K | 623K | 602K | 602K | 493K | 633K | $2M |
| Summit Financial, LLC | — | — | 457K | 504K | 609K | 576K | $2M |
| WHITEBOX ADVISORS LLC | 229K | 450K | 483K | 483K | 513K | 513K | $2M |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | 196K | 196K | 196K | 196K | 196K | 476K | $2M |
| Bulldog Investors, LLP | — | 223K | 444K | 450K | 450K | 450K | $2M |
| MORGAN STANLEY | 251K | 250K | 260K | 267K | 270K | 293K | $1M |
| Closed-End Fund Advisors, Inc. | — | — | — | — | 269K | 275K | $1M |
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 | |
|---|---|---|---|
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | +280,000 | $1M | ADD |
| SIT INVESTMENT ASSOCIATES INC | +139,777 | $566,097 | ADD |
| Pathstone Holdings, LLC | +123,835 | $501,532 | ADD |
| Almitas Capital LLC | +72,967 | $295,516 | ADD |
| ROBINSON CAPITAL MANAGEMENT, LLC | +64,788 | $262,391 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Logan Stone Capital, LLC | −104,965 | $425,108 | TRIM |
| Saba Capital Management, L.P. | −93,407 | $378,298 | TRIM |
| Thomas J. Herzfeld Advisors, Inc. | −78,253 | $316,925 | TRIM |
| WOLVERINE ASSET MANAGEMENT LLC | −52,053 | $210,815 | CLOSE |
| UBS Group AG | −38,218 | $154,783 | 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 | 60 | 13,011,049 | — | $48M |
| 2025-Q4 | 61 | 12,808,892 | — | $47M |
| 2025-Q3 | 57 | 12,780,045 | — | $48M |
| 2025-Q2 | 51 | 11,769,498 | — | $42M |
| 2025-Q1 | 52 | 12,027,334 | — | $44M |
| 2024-Q4 | 54 | 11,654,046 | — | $43M |
| 2024-Q3 | 48 | 11,568,772 | — | $46M |
| 2024-Q2 | 54 | 11,434,684 | — | $42M |
| 2024-Q1 | 47 | 11,369,509 | — | $41M |
| 2023-Q4 | 48 | 10,537,571 | — | $38M |
| 2023-Q3 | 45 | 9,179,877 | — | $29M |
| 2023-Q2 | 41 | 7,400,134 | — | $26M |
| 2023-Q1 | 43 | 6,271,446 | — | $23M |
| 2022-Q4 | 44 | 5,826,836 | — | $20M |
| 2022-Q3 | 44 | 4,687,116 | — | $16M |
| 2022-Q2 | 47 | 5,038,169 | — | $19M |
| 2022-Q1 | 45 | 4,730,829 | — | $21M |
| 2021-Q4 | 37 | 3,547,676 | — | $18M |
| 2021-Q3 | 28 | 3,286,476 | — | $17M |
| 2021-Q2 | 31 | 4,063,286 | — | $21M |
| 2021-Q1 | 32 | 4,019,655 | — | $20M |
| 2020-Q4 | 30 | 2,800,117 | — | $14M |
| 2020-Q3 | 30 | 2,920,174 | — | $14M |
| 2020-Q2 | 30 | 2,959,843 | — | $14M |
| 2020-Q1 | 31 | 2,685,240 | — | $13M |
| 2019-Q4 | 29 | 3,000,037 | — | $16M |
| 2019-Q3 | 32 | 2,913,632 | — | $16M |
| 2019-Q2 | 31 | 2,776,702 | — | $15M |
| 2019-Q1 | 33 | 2,892,398 | — | $15M |
| 2018-Q4 | 38 | 2,955,175 | — | $14M |
| 2018-Q3 | 40 | 3,040,182 | — | $27M |
| 2018-Q2 | 37 | 3,440,934 | — | $17M |
| 2018-Q1 | 33 | 3,408,462 | — | $17M |
| 2017-Q4 | 31 | 3,176,176 | — | $17M |
| 2017-Q3 | 28 | 3,268,585 | — | $17M |
| 2017-Q2 | 28 | 3,635,649 | — | $19M |
| 2017-Q1 | 28 | 3,946,019 | — | $20M |
| 2016-Q4 | 31 | 3,418,636 | — | $17M |
| 2016-Q3 | 29 | 2,659,529 | — | $14M |
| 2016-Q2 | 33 | 2,916,535 | — | $16M |
| 2016-Q1 | 36 | 2,564,086 | — | $13M |
| 2015-Q4 | 33 | 2,923,693 | — | $14M |
| 2015-Q3 | 33 | 2,600,171 | — | $12M |
| 2015-Q2 | 31 | 2,048,207 | — | $9M |
| 2015-Q1 | 31 | 1,989,331 | — | $10M |
| 2014-Q4 | 33 | 2,252,057 | — | $11M |
| 2014-Q3 | 29 | 1,940,683 | — | $9M |
| 2014-Q2 | 24 | 1,818,509 | — | $9M |
| 2014-Q1 | 25 | 1,545,857 | — | $7M |
| 2013-Q4 | 25 | 1,474,653 | — | $7M |
| 2013-Q3 | 28 | 1,322,591 | — | $6M |
| 2013-Q2 | 27 | 974,187 | — | $5M |
| 2013-Q1 | 1 | 500 | — | $3,000 |
