% of shares outstanding is not shown for XEFRX: 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 XEFRX 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 | 1607 Capital Partners, LLC | 1,586,2391.6M | $17M | — | ADD 11% |
| 2 | Pathstone Holdings, LLC | 881,001881,001 | $9M | — | TRIM -27% |
| 3 | AMERIPRISE FINANCIAL INC | 566,404566,404 | $6M | — | ADD 34% |
| 4 | Advisors Asset Management, Inc. | 563,320563,320 | $6M | — | — |
| 5 | Invesco Ltd. | 560,262560,262 | $6M | — | TRIM -2% |
| 6 | Logan Stone Capital, LLC | 540,718540,718 | $6M | — | ADD 3% |
| 7 | MORGAN STANLEY | 499,081499,081 | $5M | — | TRIM -48% |
| 8 | BANK OF AMERICA CORP /DE/ | 481,794481,794 | $5M | — | ADD 9% |
| 9 | GUGGENHEIM CAPITAL LLC | 422,921422,921 | $4M | — | TRIM -9% |
| 10 | COHEN & STEERS, INC. | 352,902352,902 | $4M | — | ADD 4% |
| 11 | LOOMIS SAYLES & CO L P | 346,682346,682 | $4M | — | NEW |
| 12 | SIT INVESTMENT ASSOCIATES INC | 286,091286,091 | $3M | — | ADD 9% |
| 13 | WOLVERINE ASSET MANAGEMENT LLC | 266,399266,399 | $3M | — | ADD 9% |
| 14 | Saba Capital Management, L.P. | 261,756261,756 | $3M | — | NEW |
| 15 | Baird Financial Group, Inc. | 251,276251,276 | $3M | — | ADD 7% |
| 16 | Balyasny Asset Management L.P. | 222,790222,790 | $2M | — | ADD 3% |
| 17 | Ethos Financial Group, LLC | 205,537205,537 | $2M | — | — |
| 18 | WHITE PINE CAPITAL LLC | 202,651202,651 | $2M | — | ADD 189% |
| 19 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 183,955183,955 | $2M | — | TRIM -16% |
| 20 | WELLS FARGO & COMPANY/MN | 172,948172,948 | $2M | — | — |
| 21 | CWM, LLC | 148,633148,633 | $2M | — | ADD 3% |
| 22 | LPL Financial LLC | 146,015146,015 | $2M | — | ADD 57% |
| 23 | Verity Asset Management, Inc. | 142,976142,976 | $2M | — | ADD 2% |
| 24 | ICON ADVISERS INC/CO | 108,870108,870 | $1M | — | ADD 118% |
| 25 | Collar Capital Management, LLC | 107,720107,720 | $1M | — | TRIM -4% |
| 26 | HOURGLASS CAPITAL, LLC | 96,50096,500 | $1M | — | NEW |
| 27 | OSAIC HOLDINGS, INC. | 94,33494,334 | $994,275 | — | ADD 12% |
| 28 | GOLDMAN SACHS GROUP INC | 81,75281,752 | $861,666 | — | — |
| 29 | Calamos Advisors LLC | 77,02777,027 | $811,865 | — | ADD 14% |
| 30 | Gridiron Partners, LLC | 69,45069,450 | $732,003 | — | NEW |
| 31 | READYSTATE ASSET MANAGEMENT LP | 55,93455,934 | $589,544 | — | TRIM -60% |
| 32 | Garner Asset Management Corp | 55,27555,275 | $582,597 | — | TRIM -3% |
| 33 | Hennion & Walsh Asset Management, Inc. | 53,61353,613 | $565,081 | — | TRIM -3% |
| 34 | Almitas Capital LLC | 49,78249,782 | $524,702 | — | ADD 73% |
| 35 | Capital Investment Advisors, LLC | 47,71147,711 | $502,875 | — | — |
| 36 | Cambridge Investment Research Advisors, Inc. | 46,03646,036 | $485,000 | — | TRIM -4% |
| 37 | UBS Group AG | 45,22145,221 | $476,629 | — | TRIM -3% |
| 38 | Altman Advisors, Inc. | 50,49050,490 | $439,655 | — | TRIM -3% |
| 39 | OPPENHEIMER & CO INC | 39,90639,906 | $420,609 | — | ADD 4% |
| 40 | SIMON QUICK ADVISORS, LLC | 38,35738,357 | $404,284 | — | NEW |
| 41 | RAYMOND JAMES FINANCIAL INC | 32,62332,623 | $343,844 | — | TRIM -13% |
| 42 | RWA WEALTH PARTNERS, LLC | 31,29731,297 | $329,870 | — | ADD 24% |
| 43 | Fiduciary Alliance LLC | 31,19531,195 | $325,988 | — | TRIM -29% |
| 44 | SHUFRO ROSE & CO LLC | 26,50026,500 | $279,310 | — | — |
| 45 | Cetera Investment Advisers | 25,84825,848 | $272,436 | — | TRIM -31% |
| 46 | JANE STREET GROUP, LLC | 25,82625,826 | $272,206 | — | TRIM -55% |
| 47 | MAI Capital Management | 25,39025,390 | $267,606 | — | — |
| 48 | Sandy Cove Advisors, LLC | 24,85024,850 | $261,919 | — | — |
| 49 | WESCAP Management Group, Inc. | 24,30324,303 | $256,154 | — | — |
| 50 | AEGON USA Investment Management, LLC | 24,12024,120 | $254,225 | — | — |
| 51 | Closed-End Fund Advisors, Inc. | 21,07621,076 | $222,141 | — | ADD 44% |
| 52 | HORIZON KINETICS ASSET MANAGEMENT LLC | 20,00120,001 | $210,811 | — | — |
| 53 | Beacon Pointe Advisors, LLC | 19,93119,931 | $210,073 | — | TRIM -4% |
| 54 | CARDIFF PARK ADVISORS, LLC | 19,88319,883 | $209,567 | — | — |
| 55 | Fortitude Advisory Group L.L.C. | 19,87919,879 | $209,520 | — | — |
| 56 | TWO SIGMA SECURITIES, LLC | 19,46219,462 | $205,129 | — | NEW |
| 57 | Prospera Financial Services Inc | 18,55618,556 | $195,604 | — | TRIM -2% |
| 58 | ENVESTNET ASSET MANAGEMENT INC | 17,85817,858 | $188,224 | — | ADD 7% |
| 59 | Private Advisor Group, LLC | 17,28517,285 | $182,184 | — | — |
| 60 | HighTower Advisors, LLC | 15,78415,784 | $166,363 | — | TRIM -12% |
| 61 | Concurrent Investment Advisors, LLC | 15,33815,338 | $161,659 | — | — |
| 62 | Fund Advisors of America Inc/FL | 15,23315,233 | $160,555 | — | TRIM -22% |
| 63 | Focus Partners Wealth | 14,85114,851 | $156,526 | — | TRIM -2% |
| 64 | Sigma Planning Corp | 14,43814,438 | $152,181 | — | — |
| 65 | ROYAL BANK OF CANADA | 14,30014,300 | $151,000 | — | — |
| 66 | NATIONAL BANK OF CANADA /FI/ | 13,71913,719 | $143,912 | — | ADD 121% |
| 67 | INDEPENDENT FINANCIAL GROUP, LLC | 13,42713,427 | $141,521 | — | TRIM -3% |
| 68 | WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 13,65813,658 | $141,089 | — | TRIM -5% |
| 69 | &PARTNERS | 13,07513,075 | $137,814 | — | NEW |
| 70 | FIFTH THIRD BANCORP | 11,88811,888 | $125,300 | — | NEW |
| 71 | Oxbow Advisors, LLC | 11,50011,500 | $121,210 | — | — |
| 72 | XTX Topco Ltd | 11,36811,368 | $119,819 | — | TRIM -75% |
| 73 | Aviance Capital Partners, LLC | 10,93710,937 | $115,276 | — | — |
| 74 | WEDBUSH SECURITIES INC | 10,73510,735 | $113,000 | — | NEW |
| 75 | Pinnacle Financial Partners, Inc. | 10,70210,702 | $112,799 | — | — |
| 76 | Sanctuary Advisors, LLC | 10,60010,600 | $111,722 | — | NEW |
| 77 | MELFA WEALTH MANAGEMENT, INC. | 10,27410,274 | $108,288 | — | NEW |
| 78 | NOMURA HOLDINGS INC | 10,15010,150 | $106,981 | — | TRIM -50% |
| 79 | MONTAG A & ASSOCIATES INC | 4,9294,929 | $51,952 | — | — |
| 80 | BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 2,0992,099 | $22,123 | — | ADD 133% |
| 81 | Allworth Financial LP | 1,6111,611 | $16,978 | — | — |
| 82 | Piscataqua Savings Bank | 1,5861,586 | $16,716 | — | — |
| 83 | Salomon & Ludwin, LLC | 1,6001,600 | $16,528 | — | — |
| 84 | US BANCORP \DE\ | 1,5001,500 | $15,810 | — | — |
| 85 | NewEdge Advisors, LLC | 15,11715,117 | $15,117 | — | ADD 15% |
| 86 | CoreCap Advisors, LLC | 1,4001,400 | $14,756 | — | NEW |
| 87 | NBC SECURITIES, INC. | 1,3751,375 | $14,492 | — | TRIM -34% |
| 88 | BARRETT & COMPANY, INC. | 1,3001,300 | $13,702 | — | TRIM -35% |
| 89 | BNP PARIBAS FINANCIAL MARKETS | 1,1611,161 | $12,237 | — | — |
| 90 | Farther Finance Advisors, LLC | 833833 | $8,667 | — | TRIM -9% |
| 91 | Steward Partners Investment Advisory, LLC | 250250 | $2,635 | — | — |
| 92 | HARBOUR INVESTMENTS, INC. | 232232 | $2,445 | — | — |
| 93 | Rockefeller Capital Management L.P. | 225225 | $2,372 | — | — |
| 94 | HIGHLINE WEALTH PARTNERS LLC | 200200 | $2,108 | — | — |
| 95 | Larson Financial Group LLC | 9292 | $971 | — | ADD 2% |
| 96 | Tower Research Capital LLC (TRC) | 1515 | $158 | — | TRIM -50% |
| 97 | WHITTIER TRUST CO OF NEVADA INC | 1212 | $124 | — | NEW |
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 |
|---|---|---|---|---|---|---|---|
| 1607 Capital Partners, LLC | — | — | — | 332K | 1.4M | 1.6M | $17M |
| Pathstone Holdings, LLC | — | — | — | 832K | 1.2M | 881K | $9M |
| AMERIPRISE FINANCIAL INC | 401K | 405K | 392K | 470K | 423K | 566K | $6M |
| Advisors Asset Management, Inc. | 448K | 498K | 526K | 573K | 553K | 563K | $6M |
| Invesco Ltd. | 411K | 422K | 535K | 563K | 573K | 560K | $6M |
| Logan Stone Capital, LLC | — | — | — | 68K | 526K | 541K | $6M |
| MORGAN STANLEY | 649K | 634K | 904K | 1.0M | 958K | 499K | $5M |
| BANK OF AMERICA CORP /DE/ | 843K | 841K | 775K | 708K | 444K | 482K | $5M |
| GUGGENHEIM CAPITAL LLC | 671K | 641K | 547K | 483K | 466K | 423K | $4M |
| COHEN & STEERS, INC. | 404K | 308K | 318K | 338K | 338K | 353K | $4M |
| LOOMIS SAYLES & CO L P | — | — | — | — | — | 347K | $4M |
| SIT INVESTMENT ASSOCIATES INC | — | — | — | — | 263K | 286K | $3M |
| WOLVERINE ASSET MANAGEMENT LLC | — | 25K | 78K | 173K | 245K | 266K | $3M |
| Saba Capital Management, L.P. | — | — | — | — | — | 262K | $3M |
| Baird Financial Group, Inc. | — | — | 127K | 152K | 234K | 251K | $3M |
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 | |
|---|---|---|---|
| LOOMIS SAYLES & CO L P | +346,682 | $4M | OPEN |
| Saba Capital Management, L.P. | +261,756 | $3M | OPEN |
| 1607 Capital Partners, LLC | +154,092 | $2M | ADD |
| AMERIPRISE FINANCIAL INC | +143,173 | $2M | ADD |
| WHITE PINE CAPITAL LLC | +132,544 | $2M | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| MORGAN STANLEY | −459,231 | $5M | TRIM |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | −332,805 | $4M | CLOSE |
| Pathstone Holdings, LLC | −319,350 | $4M | TRIM |
| READYSTATE ASSET MANAGEMENT LP | −83,484 | $980,937 | TRIM |
| Shaker Financial Services, LLC | −80,004 | $940,047 | 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 | 97 | 11,133,726 | — | $117M |
| 2025-Q4 | 96 | 11,080,230 | — | $123M |
| 2025-Q3 | 97 | 9,499,478 | — | $105M |
| 2025-Q2 | 88 | 7,920,675 | — | $96M |
| 2025-Q1 | 88 | 7,330,118 | — | $90M |
| 2024-Q4 | 93 | 7,055,298 | — | $90M |
| 2024-Q3 | 89 | 6,565,462 | — | $84M |
| 2024-Q2 | 81 | 6,416,599 | — | $84M |
| 2024-Q1 | 86 | 8,173,779 | — | $107M |
| 2023-Q4 | 86 | 7,887,896 | — | $100M |
| 2023-Q3 | 87 | 7,399,200 | — | $90M |
| 2023-Q2 | 82 | 7,488,363 | — | $88M |
| 2023-Q1 | 91 | 7,733,325 | — | $88M |
| 2022-Q4 | 93 | 7,637,650 | — | $84M |
| 2022-Q3 | 85 | 7,023,924 | — | $78M |
| 2022-Q2 | 79 | 7,080,187 | — | $87M |
| 2022-Q1 | 82 | 6,465,608 | — | $87M |
| 2021-Q4 | 86 | 6,896,250 | — | $102M |
| 2021-Q3 | 73 | 6,466,458 | — | $94M |
| 2021-Q2 | 90 | 13,603,718 | — | $192M |
| 2021-Q1 | 94 | 13,830,320 | — | $191M |
| 2020-Q4 | 95 | 14,308,237 | — | $182M |
| 2020-Q3 | 87 | 12,796,176 | — | $149M |
| 2020-Q2 | 88 | 12,383,395 | — | $140M |
| 2020-Q1 | 92 | 11,718,066 | — | $116M |
| 2019-Q4 | 103 | 10,838,520 | — | $147M |
| 2019-Q3 | 98 | 9,708,016 | — | $127M |
| 2019-Q2 | 96 | 9,782,898 | — | $128M |
| 2019-Q1 | 96 | 9,220,895 | — | $120M |
| 2018-Q4 | 94 | 8,338,002 | — | $105M |
| 2018-Q3 | 83 | 7,332,187 | — | $103M |
| 2018-Q2 | 74 | 7,118,638 | — | $102M |
| 2018-Q1 | 75 | 7,586,405 | — | $112M |
| 2017-Q4 | 78 | 7,830,983 | — | $113M |
| 2017-Q3 | 66 | 6,835,150 | — | $102M |
| 2017-Q2 | 67 | 6,443,590 | — | $97M |
| 2017-Q1 | 62 | 6,884,236 | — | $105M |
| 2016-Q4 | 72 | 8,079,993 | — | $119M |
| 2016-Q3 | 74 | 7,852,168 | — | $111M |
| 2016-Q2 | 75 | 8,054,149 | — | $105M |
| 2016-Q1 | 73 | 7,892,683 | — | $101M |
| 2015-Q4 | 77 | 8,242,590 | — | $102M |
| 2015-Q3 | 68 | 7,239,185 | — | $95M |
| 2015-Q2 | 71 | 6,226,833 | — | $86M |
| 2015-Q1 | 66 | 6,086,904 | — | $88M |
| 2014-Q4 | 77 | 6,514,343 | — | $89M |
| 2014-Q3 | 68 | 6,205,299 | — | $90M |
| 2014-Q2 | 67 | 5,561,934 | — | $82M |
| 2014-Q1 | 68 | 5,299,751 | — | $81M |
| 2013-Q4 | 64 | 4,669,292 | — | $70M |
| 2013-Q3 | 58 | 4,318,769 | — | $67M |
| 2013-Q2 | 54 | 4,760,686 | — | $77M |
| 2013-Q1 | 2 | 354,336 | — | $6M |
