% of shares outstanding not shown: no SEC cover-page share count falls within 120 days of the 2026-Q1 quarter end, so any percentage would rest on a count that cannot speak for this quarter. Holder share counts are shown as filed.
Crowding percentile withheld — no market cap for XEMDX 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 | MORGAN STANLEY | 9,007,3579.0M | $88M | — | — |
| 2 | RAYMOND JAMES FINANCIAL INC | 965,834965,834 | $9M | — | ADD 68% |
| 3 | Pathstone Holdings, LLC | 905,604905,604 | $9M | — | TRIM -30% |
| 4 | LPL Financial LLC | 834,451834,451 | $8M | — | TRIM -3% |
| 5 | Invesco Ltd. | 791,214791,214 | $8M | — | TRIM -16% |
| 6 | Penserra Capital Management LLC | 759,167759,167 | $7M | — | ADD 11% |
| 7 | WELLS FARGO & COMPANY/MN | 751,013751,013 | $7M | — | TRIM -33% |
| 8 | Allspring Global Investments Holdings, LLC | 532,373532,373 | $5M | — | TRIM -43% |
| 9 | BANK OF AMERICA CORP /DE/ | 522,239522,239 | $5M | — | ADD 20% |
| 10 | GUGGENHEIM CAPITAL LLC | 521,128521,128 | $5M | — | ADD 16% |
| 11 | AMERIPRISE FINANCIAL INC | 423,208423,208 | $4M | — | ADD 7% |
| 12 | Advisors Asset Management, Inc. | 367,609367,609 | $4M | — | TRIM -20% |
| 13 | Rareview Capital LLC | 286,804286,804 | $3M | — | TRIM -2% |
| 14 | UBS Group AG | 288,714288,714 | $3M | — | ADD 4% |
| 15 | COHEN & STEERS, INC. | 270,000270,000 | $3M | — | — |
| 16 | ROYAL BANK OF CANADA | 267,125267,125 | $3M | — | ADD 21% |
| 17 | OSAIC HOLDINGS, INC. | 203,533203,533 | $2M | — | ADD 13% |
| 18 | Integrated Wealth Concepts LLC | 151,012151,012 | $1M | — | TRIM -4% |
| 19 | ENVESTNET ASSET MANAGEMENT INC | 147,568147,568 | $1M | — | NEW |
| 20 | INSIGNEO ADVISORY SERVICES, LLC | 140,684140,684 | $1M | — | ADD 40% |
| 21 | Uncommon Cents Investing LLC | 136,046136,046 | $1M | — | ADD 53% |
| 22 | WOLVERINE ASSET MANAGEMENT LLC | 134,125134,125 | $1M | — | NEW |
| 23 | Ariadne Wealth Management, LP | 120,977120,977 | $1M | — | — |
| 24 | D.A. DAVIDSON & CO. | 105,792105,792 | $1M | — | TRIM -3% |
| 25 | Summit Financial, LLC | 97,69297,692 | $959,334 | — | TRIM -11% |
| 26 | Mutual Advisors, LLC | 85,05385,053 | $835,225 | — | — |
| 27 | COMMONWEALTH EQUITY SERVICES, LLC | 83,40983,409 | $819,080 | — | ADD 163% |
| 28 | STIFEL FINANCIAL CORP | 81,19081,190 | $797,284 | — | ADD 40% |
| 29 | Comprehensive Money Management Services LLC | 79,33579,335 | $779,070 | — | ADD 2% |
| 30 | Graham Capital Management, L.P. | 72,83072,830 | $715,191 | — | NEW |
| 31 | Janney Montgomery Scott LLC | 69,42369,423 | $682,000 | — | ADD 5% |
| 32 | Thomas J. Herzfeld Advisors, Inc. | 68,38468,384 | $671,531 | — | ADD 4301% |
| 33 | CHOREO, LLC | 60,69460,694 | $596,015 | — | ADD 9% |
| 34 | GOULD ASSET MANAGEMENT LLC /CA/ | 56,22556,225 | $552,130 | — | ADD 11% |
| 35 | Cetera Investment Advisers | 54,55054,550 | $535,685 | — | ADD 11% |
| 36 | XTX Topco Ltd | 46,24346,243 | $454,106 | — | NEW |
| 37 | &PARTNERS | 46,35546,355 | $452,808 | — | NEW |
| 38 | Advisory Services Network, LLC | 45,31645,316 | $445,003 | — | NEW |
| 39 | Samalin Investment Counsel, LLC | 44,36044,360 | $435,613 | — | — |
| 40 | Merit Financial Group, LLC | 44,20444,204 | $434,083 | — | TRIM -5% |
| 41 | NATIONAL BANK OF CANADA /FI/ | 40,30040,300 | $395,343 | — | ADD 59% |
| 42 | Advisor OS, LLC | 36,15636,156 | $355,052 | — | — |
| 43 | Rockefeller Capital Management L.P. | 33,29433,294 | $326,950 | — | TRIM -9% |
| 44 | ACCREDITED INVESTOR SERVICES, LLC | 32,57732,577 | $319,906 | — | TRIM -9% |
| 45 | Moors & Cabot, Inc. | 32,07032,070 | $314,927 | — | — |
| 46 | Mariner, LLC | 32,50132,501 | $314,363 | — | TRIM -12% |
| 47 | Laidlaw Wealth Management LLC | 29,60029,600 | $290,672 | — | TRIM -51% |
| 48 | PARK AVENUE SECURITIES LLC | 29,30929,309 | $288,000 | — | TRIM -9% |
| 49 | Papamarkou Wellner Asset Management inc. | 29,00029,000 | $284,780 | — | ADD 10% |
| 50 | STEPHENS INC /AR/ | 28,02828,028 | $275,234 | — | — |
| 51 | ROBINSON CAPITAL MANAGEMENT, LLC | 24,92324,923 | $272,658 | — | — |
| 52 | Apollon Wealth Management, LLC | 27,49227,492 | $269,971 | — | — |
| 53 | FIFTH THIRD BANCORP | 25,86125,861 | $253,955 | — | NEW |
| 54 | Sowell Financial Services LLC | 25,17525,175 | $247,214 | — | — |
| 55 | WEDBUSH SECURITIES INC | 23,04223,042 | $226,000 | — | — |
| 56 | Private Advisor Group, LLC | 22,91022,910 | $224,978 | — | ADD 43% |
| 57 | HighTower Advisors, LLC | 21,69221,692 | $213,021 | — | ADD 42% |
| 58 | Concurrent Investment Advisors, LLC | 19,83219,832 | $194,751 | — | TRIM -2% |
| 59 | BlackRock, Inc. | 18,38718,387 | $180,565 | — | ADD 13% |
| 60 | LEVEL FOUR ADVISORY SERVICES, LLC | 17,56717,567 | $172,512 | — | TRIM -19% |
| 61 | Cambridge Investment Research Advisors, Inc. | 16,73716,737 | $164,000 | — | ADD 6% |
| 62 | JTC Employer Solutions Trustee Ltd | 16,13816,138 | $159,000 | — | — |
| 63 | Equitable Holdings, Inc. | 13,99513,995 | $148,767 | — | ADD 26% |
| 64 | Arkadios Wealth Advisors | 14,15714,157 | $139,023 | — | ADD 23% |
| 65 | Arax Advisory Partners | 13,95313,953 | $137,018 | — | NEW |
| 66 | Pinnacle Wealth Planning Services, Inc. | 12,69812,698 | $124,694 | — | TRIM -29% |
| 67 | EVERGREEN CAPITAL MANAGEMENT LLC | 12,58812,588 | $123,618 | — | — |
| 68 | NOMURA HOLDINGS INC | 12,50012,500 | $122,750 | — | NEW |
| 69 | Occidental Asset Management, LLC | 12,39012,390 | $121,670 | — | TRIM -11% |
| 70 | Titiun Yejiel | 12,00012,000 | $117,840 | — | — |
| 71 | EVOLVE PRIVATE WEALTH, LLC | 11,63211,632 | $114,226 | — | — |
| 72 | Mission Hills Financial Advisory, LLC | 11,57011,570 | $113,617 | — | ADD 3% |
| 73 | EverSource Wealth Advisors, LLC | 11,21411,214 | $110,121 | — | — |
| 74 | MML INVESTORS SERVICES, LLC | 11,05411,054 | $108,552 | — | — |
| 75 | JANE STREET GROUP, LLC | 10,74710,747 | $105,536 | — | TRIM -15% |
| 76 | Waterfront Wealth Inc. | 10,74710,747 | $105,536 | — | NEW |
| 77 | NewEdge Advisors, LLC | 93,44893,448 | $93,448 | — | ADD 2% |
| 78 | HARBOUR INVESTMENTS, INC. | 5,9855,985 | $58,780 | — | ADD 2% |
| 79 | Anfield Capital Management, LLC | 5,7995,799 | $56,946 | — | — |
| 80 | WPG Advisers, LLC | 5,4725,472 | $53,735 | — | TRIM -2% |
| 81 | CREATIVE FINANCIAL DESIGNS INC /ADV | 5,0005,000 | $49,100 | — | NEW |
| 82 | ROTHSCHILD INVESTMENT LLC | 3,0003,000 | $29,460 | — | — |
| 83 | MAI Capital Management | 2,9652,965 | $29,118 | — | — |
| 84 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 2,5282,528 | $24,825 | — | ADD 600% |
| 85 | CWM, LLC | 2,2352,235 | $21,952 | — | ADD 21% |
| 86 | NBC SECURITIES, INC. | 2,0002,000 | $19,640 | — | — |
| 87 | Forum Finance Group S.A. | 1,9201,920 | $17,000 | — | NEW |
| 88 | WHITTIER TRUST CO OF NEVADA INC | 1,0521,052 | $10,467 | — | NEW |
| 89 | JONES FINANCIAL COMPANIES LLLP | 961961 | $9,283 | — | NEW |
| 90 | Root Financial Partners, LLC | 779779 | $7,650 | — | NEW |
| 91 | INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | 600600 | $5,952 | — | — |
| 92 | Geneos Wealth Management Inc. | 570570 | $5,597 | — | — |
| 93 | Noble Wealth Management PBC | 500500 | $4,910 | — | NEW |
| 94 | Western Wealth Management, LLC | 477477 | $4,684 | — | NEW |
| 95 | ASSETMARK, INC | 471471 | $4,625 | — | TRIM -30% |
| 96 | PNC FINANCIAL SERVICES GROUP, INC. | 315315 | $3,093 | — | — |
| 97 | Strategic Wealth Partners, Ltd. | 291291 | $2,858 | — | — |
| 98 | HIGHLINE WEALTH PARTNERS LLC | 275275 | $2,701 | — | TRIM -8% |
| 99 | First Command Advisory Services, Inc. | 254254 | $2,494 | — | TRIM -28% |
| 100 | LRI Investments, LLC | 237237 | $2,330 | — | — |
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 |
|---|---|---|---|---|---|---|---|
| MORGAN STANLEY | 8.1M | 8.3M | 8.5M | 8.6M | 9.0M | 9.0M | $88M |
| RAYMOND JAMES FINANCIAL INC | 324K | 352K | 356K | 492K | 575K | 966K | $9M |
| Pathstone Holdings, LLC | 2.4M | 2.4M | 2.0M | 1.8M | 1.3M | 906K | $9M |
| LPL Financial LLC | 791K | 794K | 812K | 844K | 864K | 834K | $8M |
| Invesco Ltd. | 1.1M | 1.1M | 1.1M | 1.0M | 938K | 791K | $8M |
| Penserra Capital Management LLC | 509K | 502K | 518K | 624K | 687K | 759K | $7M |
| WELLS FARGO & COMPANY/MN | 1.5M | 1.6M | 1.7M | 1.6M | 1.1M | 751K | $7M |
| Allspring Global Investments Holdings, LLC | 1.1M | 1.1M | 1.1M | 1.0M | 933K | 532K | $5M |
| BANK OF AMERICA CORP /DE/ | 314K | 409K | 434K | 371K | 437K | 522K | $5M |
| GUGGENHEIM CAPITAL LLC | 218K | 237K | 271K | 385K | 448K | 521K | $5M |
| AMERIPRISE FINANCIAL INC | 329K | 340K | 359K | 375K | 395K | 423K | $4M |
| Advisors Asset Management, Inc. | 503K | 645K | 647K | 608K | 460K | 368K | $4M |
| Rareview Capital LLC | 358K | 356K | 336K | 379K | 293K | 287K | $3M |
| UBS Group AG | 301K | 287K | 290K | 284K | 279K | 289K | $3M |
| COHEN & STEERS, INC. | 270K | 270K | 270K | 270K | 270K | 270K | $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 | |
|---|---|---|---|
| RAYMOND JAMES FINANCIAL INC | +390,885 | $4M | ADD |
| ENVESTNET ASSET MANAGEMENT INC | +147,568 | $2M | OPEN |
| WOLVERINE ASSET MANAGEMENT LLC | +134,125 | $1M | OPEN |
| BANK OF AMERICA CORP /DE/ | +85,592 | $920,970 | ADD |
| GUGGENHEIM CAPITAL LLC | +73,079 | $786,330 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Allspring Global Investments Holdings, LLC | −400,753 | $4M | TRIM |
| Pathstone Holdings, LLC | −385,806 | $4M | TRIM |
| WELLS FARGO & COMPANY/MN | −370,766 | $4M | TRIM |
| Shaker Financial Services, LLC | −167,347 | $2M | CLOSE |
| Invesco Ltd. | −146,944 | $2M | 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 | 101 | 20,559,852 | — | $201M |
| 2025-Q4 | 100 | 20,781,211 | — | $221M |
| 2025-Q3 | 98 | 21,415,544 | — | $221M |
| 2025-Q2 | 97 | 22,292,698 | — | $224M |
| 2025-Q1 | 101 | 22,403,967 | — | $222M |
| 2024-Q4 | 112 | 22,794,223 | — | $220M |
| 2024-Q3 | 99 | 22,302,917 | — | $227M |
| 2024-Q2 | 95 | 22,787,068 | — | $212M |
| 2024-Q1 | 91 | 41,807,091 | — | $415M |
| 2023-Q4 | 93 | 33,346,164 | — | $308M |
| 2023-Q3 | 95 | 24,348,523 | — | $203M |
| 2023-Q2 | 87 | 24,316,806 | — | $211M |
| 2023-Q1 | 91 | 23,763,595 | — | $206M |
| 2022-Q4 | 94 | 23,766,705 | — | $218M |
| 2022-Q3 | 91 | 22,983,393 | — | $184M |
| 2022-Q2 | 92 | 22,669,848 | — | $200M |
| 2022-Q1 | 94 | 22,960,420 | — | $247M |
| 2021-Q4 | 94 | 21,093,536 | — | $270M |
| 2021-Q3 | 94 | 20,977,111 | — | $285M |
| 2021-Q2 | 96 | 21,232,861 | — | $297M |
| 2021-Q1 | 93 | 21,632,909 | — | $286M |
| 2020-Q4 | 95 | 19,972,889 | — | $278M |
| 2020-Q3 | 87 | 19,788,947 | — | $244M |
| 2020-Q2 | 88 | 22,260,802 | — | $274M |
| 2020-Q1 | 93 | 22,410,751 | — | $236M |
| 2019-Q4 | 95 | 23,523,898 | — | $337M |
| 2019-Q3 | 93 | 23,266,723 | — | $323M |
| 2019-Q2 | 93 | 24,051,570 | — | $344M |
| 2019-Q1 | 95 | 23,897,374 | — | $322M |
| 2018-Q4 | 100 | 25,198,740 | — | $310M |
| 2018-Q3 | 96 | 25,213,580 | — | $338M |
| 2018-Q2 | 97 | 24,743,806 | — | $328M |
| 2018-Q1 | 101 | 24,072,031 | — | $350M |
| 2017-Q4 | 100 | 22,228,916 | — | $346M |
| 2017-Q3 | 94 | 20,642,218 | — | $325M |
| 2017-Q2 | 93 | 20,595,970 | — | $321M |
| 2017-Q1 | 84 | 21,415,371 | — | $332M |
| 2016-Q4 | 91 | 19,910,702 | — | $293M |
| 2016-Q3 | 68 | 8,391,823 | — | $137M |
| 2016-Q2 | 68 | 8,198,823 | — | $126M |
| 2016-Q1 | 67 | 9,832,957 | — | $143M |
| 2015-Q4 | 73 | 9,428,990 | — | $129M |
| 2015-Q3 | 66 | 9,307,305 | — | $124M |
| 2015-Q2 | 62 | 9,336,817 | — | $140M |
| 2015-Q1 | 66 | 8,984,094 | — | $199M |
| 2014-Q4 | 74 | 8,666,862 | — | $186M |
| 2014-Q3 | 64 | 7,507,556 | — | $154M |
| 2014-Q2 | 58 | 6,917,462 | — | $130M |
| 2014-Q1 | 59 | 6,353,136 | — | $113M |
| 2013-Q4 | 57 | 5,629,126 | — | $97M |
| 2013-Q3 | 49 | 5,552,431 | — | $101M |
| 2013-Q2 | 49 | 5,213,578 | — | $98M |
| 2013-Q1 | 2 | 35,524 | — | $754,000 |
