% of shares outstanding is not shown for XLG: 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 XLG 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 | LPL Financial LLC | 9,990,30110.0M | $545M | — | TRIM -14% |
| 2 | MORGAN STANLEY | 6,506,3786.5M | $355M | — | TRIM -7% |
| 3 | WELLS FARGO & COMPANY/MN | 3,506,5463.5M | $191M | — | TRIM -8% |
| 4 | BANK OF AMERICA CORP /DE/ | 3,226,4233.2M | $176M | — | TRIM -27% |
| 5 | RAYMOND JAMES FINANCIAL INC | 2,855,5222.9M | $156M | — | ADD 5% |
| 6 | OSAIC HOLDINGS, INC. | 2,698,5842.7M | $147M | — | TRIM -5% |
| 7 | Principle Wealth Partners LLC | 2,552,9872.6M | $139M | — | ADD 3% |
| 8 | Johnson Financial Group, Inc. | 2,071,6762.1M | $113M | — | ADD 3% |
| 9 | UBS Group AG | 1,849,7171.8M | $101M | — | — |
| 10 | AMERIPRISE FINANCIAL INC | 1,622,1951.6M | $88M | — | TRIM -6% |
| 11 | ROYAL BANK OF CANADA | 1,569,5611.6M | $86M | — | TRIM -5% |
| 12 | MEANS INVESTMENT CO., INC. | 1,564,3301.6M | $85M | — | ADD 7% |
| 13 | WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 1,445,1071.4M | $79M | — | TRIM -40% |
| 14 | Lido Advisors, LLC | 1,327,4581.3M | $72M | — | ADD 6% |
| 15 | ENVESTNET ASSET MANAGEMENT INC | 1,190,8511.2M | $65M | — | TRIM -40% |
| 16 | Bogart Wealth, LLC | 1,099,1241.1M | $60M | — | ADD 2% |
| 17 | Invesco Ltd. | 1,010,1001.0M | $55M | — | TRIM -2% |
| 18 | STIFEL FINANCIAL CORP | 1,006,7281.0M | $55M | — | ADD 6% |
| 19 | HighTower Advisors, LLC | 898,421898,421 | $49M | — | ADD 25% |
| 20 | Clearstead Advisors, LLC | 874,839874,839 | $48M | — | — |
| 21 | Demars Financial Group, LLC | 775,044775,044 | $42M | — | TRIM -3% |
| 22 | MML INVESTORS SERVICES, LLC | 740,807740,807 | $40M | — | TRIM -14% |
| 23 | JONES FINANCIAL COMPANIES LLLP | 758,507758,507 | $40M | — | ADD 21% |
| 24 | GOLDMAN SACHS GROUP INC | 715,419715,419 | $39M | — | ADD 64% |
| 25 | JPMORGAN CHASE & CO | 733,408733,408 | $39M | — | TRIM -81% |
| 26 | One Capital Management, LLC | 704,917704,917 | $38M | — | ADD 191% |
| 27 | Cetera Investment Advisers | 692,477692,477 | $38M | — | TRIM -10% |
| 28 | Farther Finance Advisors, LLC | 654,624654,624 | $36M | — | ADD 141% |
| 29 | Private Advisor Group, LLC | 657,981657,981 | $36M | — | TRIM -8% |
| 30 | CITIGROUP INC | 597,334597,334 | $33M | — | ADD 39% |
| 31 | Cedar Wealth Management, LLC | 582,044582,044 | $32M | — | ADD 3% |
| 32 | UNITED CAPITAL FINANCIAL ADVISORS, LLC | 570,840570,840 | $31M | — | — |
| 33 | Kestra Advisory Services, LLC | 485,942485,942 | $27M | — | ADD 3% |
| 34 | Tulsa Wealth Advisors, INC | 460,984460,984 | $25M | — | NEW |
| 35 | BROWN ADVISORY INC | 450,103450,103 | $25M | — | TRIM -20% |
| 36 | Mirae Asset Global Investments Co., Ltd. | 449,000449,000 | $24M | — | ADD 28% |
| 37 | Stratos Wealth Partners, LTD. | 409,644409,644 | $22M | — | TRIM -5% |
| 38 | Core Wealth Advisors, Inc. | 389,962389,962 | $21M | — | ADD 6% |
| 39 | Equitable Holdings, Inc. | 357,860357,860 | $21M | — | ADD 8% |
| 40 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 365,616365,616 | $20M | — | TRIM -70% |
| 41 | EP Wealth Advisors, LLC | 359,458359,458 | $20M | — | — |
| 42 | ASHTON THOMAS SECURITIES, LLC | 356,650356,650 | $19M | — | ADD 5% |
| 43 | QUATTRO FINANCIAL ADVISORS LLC | 337,753337,753 | $18M | — | TRIM -28% |
| 44 | COMMONWEALTH EQUITY SERVICES, LLC | 317,124317,124 | $17M | — | TRIM -12% |
| 45 | Cambridge Investment Research Advisors, Inc. | 303,848303,848 | $17M | — | TRIM -15% |
| 46 | Segment Wealth Management, LLC | 292,992292,992 | $16M | — | — |
| 47 | Gladstone Institutional Advisory LLC | 288,519288,519 | $16M | — | TRIM -45% |
| 48 | Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. | 253,123253,123 | $14M | — | — |
| 49 | Cyr Financial Inc. | 250,019250,019 | $14M | — | ADD 8% |
| 50 | Integrated Wealth Concepts LLC | 237,167237,167 | $13M | — | TRIM -35% |
| 51 | OneDigital Investment Advisors LLC | 235,828235,828 | $13M | — | ADD 13% |
| 52 | THOROUGHBRED FINANCIAL SERVICES, LLC | 228,995228,995 | $12M | — | ADD 12% |
| 53 | Sanctuary Advisors, LLC | 225,383225,383 | $12M | — | TRIM -78% |
| 54 | Green Ridge Wealth Planning LLC | 222,205222,205 | $12M | — | ADD 3% |
| 55 | CENTAURUS FINANCIAL, INC. | 215,811215,811 | $12M | — | ADD 6% |
| 56 | TWO SIGMA INVESTMENTS, LP | 213,450213,450 | $12M | — | NEW |
| 57 | Summit Financial, LLC | 208,149208,149 | $11M | — | TRIM -18% |
| 58 | MERCER GLOBAL ADVISORS INC /ADV | 206,106206,106 | $11M | — | TRIM -33% |
| 59 | Estate Planners Group, LLC | 204,418204,418 | $11M | — | — |
| 60 | Rockefeller Capital Management L.P. | 191,479191,479 | $10M | — | TRIM -40% |
| 61 | LIGHTHOUSE FINANCIAL SERVICES INC /ADV | 172,963172,963 | $10M | — | ADD 2% |
| 62 | JSF Financial, LLC | 179,305179,305 | $10M | — | ADD 8% |
| 63 | PRECEDENT WEALTH PARTNERS, LLC | 175,102175,102 | $10M | — | TRIM -13% |
| 64 | Seros Financial, LLC | 172,669172,669 | $9M | — | ADD 7% |
| 65 | Vision Retirement, LLC | 170,625170,625 | $9M | — | ADD 9% |
| 66 | KPP Advisory Services LLC | 166,900166,900 | $9M | — | ADD 4% |
| 67 | World Investment Advisors | 164,652164,652 | $9M | — | — |
| 68 | Atria Investments, Inc | 157,863157,863 | $9M | — | TRIM -7% |
| 69 | BANK OF MONTREAL /CAN/ | 156,866156,866 | $9M | — | TRIM -3% |
| 70 | Jump Financial, LLC | 153,413153,413 | $8M | — | NEW |
| 71 | JOHNSON INVESTMENT COUNSEL INC | 150,418150,418 | $8M | — | — |
| 72 | JANE STREET GROUP, LLC | 149,439149,439 | $8M | — | NEW |
| 73 | Jackson Wealth Management, LLC | 146,234146,234 | $8M | — | — |
| 74 | M1 Capital Management LLC | 145,576145,576 | $8M | — | ADD 66% |
| 75 | Concurrent Investment Advisors, LLC | 141,185141,185 | $8M | — | TRIM -30% |
| 76 | Stratos Wealth Advisors, LLC | 139,322139,322 | $8M | — | TRIM -2% |
| 77 | Lifelong Wealth Advisors, Inc. | 138,803138,803 | $8M | — | ADD 12% |
| 78 | D.A. DAVIDSON & CO. | 137,242137,242 | $7M | — | — |
| 79 | TSFG, LLC | 136,176136,176 | $7M | — | TRIM -45% |
| 80 | Snowden Capital Advisors LLC | 128,701128,701 | $7M | — | TRIM -27% |
| 81 | PMG Wealth Management, Inc. | 126,338126,338 | $7M | — | TRIM -45% |
| 82 | Crescent Grove Advisors, LLC | 117,638117,638 | $6M | — | — |
| 83 | Baird Financial Group, Inc. | 115,055115,055 | $6M | — | TRIM -71% |
| 84 | Tower Research Capital LLC (TRC) | 112,209112,209 | $6M | — | ADD 1867% |
| 85 | PFG Advisors | 109,490109,490 | $6M | — | TRIM -58% |
| 86 | Janney Montgomery Scott LLC | 107,362107,362 | $6M | — | TRIM -50% |
| 87 | Sage Mountain Advisors LLC | 105,864105,864 | $6M | — | — |
| 88 | Gotham Asset Management, LLC | 105,818105,818 | $6M | — | — |
| 89 | IFC & Insurance Marketing, Inc. | 104,612104,612 | $6M | — | ADD 30% |
| 90 | CWM, LLC | 100,634100,634 | $5M | — | — |
| 91 | INTEGRITY ALLIANCE, LLC. | 100,046100,046 | $5M | — | — |
| 92 | Mutual Advisors, LLC | 99,57499,574 | $5M | — | TRIM -39% |
| 93 | VestGen Advisors, LLC | 83,26483,264 | $5M | — | ADD 211% |
| 94 | Comprehensive Financial Planning, Inc./PA | 92,00592,005 | $5M | — | TRIM -3% |
| 95 | LEAVELL INVESTMENT MANAGEMENT, INC. | 91,73991,739 | $5M | — | TRIM -6% |
| 96 | Bawa N Mallick Trust | 90,00090,000 | $5M | — | — |
| 97 | FFG RETIREMENT ADVISORS LLC | 88,68088,680 | $5M | — | ADD 5% |
| 98 | GREAT VALLEY ADVISOR GROUP, INC. | 85,61785,617 | $5M | — | — |
| 99 | KESTRA PRIVATE WEALTH SERVICES, LLC | 85,22685,226 | $5M | — | ADD 1589% |
| 100 | HBW ADVISORY SERVICES LLC | 83,03383,033 | $5M | — | TRIM -4% |
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 |
|---|---|---|---|---|---|---|---|
| LPL Financial LLC | 9.8M | 10.6M | 10.8M | 10.7M | 11.6M | 10.0M | $545M |
| MORGAN STANLEY | 7.0M | 7.1M | 6.6M | 6.8M | 7.0M | 6.5M | $355M |
| WELLS FARGO & COMPANY/MN | 3.4M | 3.3M | 3.6M | 3.8M | 3.8M | 3.5M | $191M |
| BANK OF AMERICA CORP /DE/ | 4.0M | 4.2M | 4.0M | 4.2M | 4.4M | 3.2M | $176M |
| RAYMOND JAMES FINANCIAL INC | 2.3M | 2.3M | 2.9M | 2.9M | 2.7M | 2.9M | $156M |
| OSAIC HOLDINGS, INC. | 1.1M | 1.1M | 1.2M | 1.7M | 2.8M | 2.7M | $147M |
| Principle Wealth Partners LLC | 1.1M | 1.4M | 2.7M | 2.7M | 2.5M | 2.6M | $139M |
| Johnson Financial Group, Inc. | 1.7M | 1.7M | 1.7M | 2.0M | 2.0M | 2.1M | $113M |
| UBS Group AG | 2.5M | 2.3M | 2.3M | 1.9M | 1.9M | 1.8M | $101M |
| AMERIPRISE FINANCIAL INC | 2.7M | 1.5M | 1.6M | 2.3M | 1.7M | 1.6M | $88M |
| ROYAL BANK OF CANADA | 1.2M | 1.2M | 3.5M | 1.5M | 1.7M | 1.6M | $86M |
| MEANS INVESTMENT CO., INC. | 104K | 1.3M | 1.4M | 1.4M | 1.5M | 1.6M | $85M |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 1.1M | 2.5M | 2.4M | 2.4M | 2.4M | 1.4M | $79M |
| Lido Advisors, LLC | 1.2M | 1.2M | 1.3M | 1.3M | 1.3M | 1.3M | $72M |
| ENVESTNET ASSET MANAGEMENT INC | 1.2M | 1.6M | 1.8M | 2.0M | 2.0M | 1.2M | $65M |
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 | |
|---|---|---|---|
| One Capital Management, LLC | +462,793 | $25M | ADD |
| Tulsa Wealth Advisors, INC | +460,984 | $25M | OPEN |
| Farther Finance Advisors, LLC | +383,193 | $21M | ADD |
| GOLDMAN SACHS GROUP INC | +278,728 | $15M | ADD |
| TWO SIGMA INVESTMENTS, LP | +213,450 | $12M | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| JPMORGAN CHASE & CO | −3,107,643 | $170M | TRIM |
| Bank of New York Mellon Corp | −2,479,520 | $135M | CLOSE |
| LPL Financial LLC | −1,564,055 | $85M | TRIM |
| BANK OF AMERICA CORP /DE/ | −1,218,934 | $66M | TRIM |
| Advocacy Wealth Management, LLC | −1,137,510 | $62M | 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 | 560 | 78,457,275 | — | $4.3B |
| 2025-Q4 | 641 | 102,350,027 | — | $6.1B |
| 2025-Q3 | 565 | 103,320,767 | — | $6.1B |
| 2025-Q2 | 550 | 98,006,911 | — | $4.9B |
| 2025-Q1 | 522 | 115,952,125 | — | $4.7B |
| 2024-Q4 | 471 | 108,971,925 | — | $4.6B |
| 2024-Q3 | 414 | 70,590,076 | — | $3.4B |
| 2024-Q2 | 384 | 65,129,389 | — | $3.0B |
| 2024-Q1 | 337 | 66,655,145 | — | $2.8B |
| 2023-Q4 | 278 | 55,702,749 | — | $2.1B |
| 2023-Q3 | 233 | 40,732,789 | — | $1.4B |
| 2023-Q2 | 221 | 5,679,491 | — | $1.3B |
| 2023-Q1 | 208 | 3,495,275 | — | $1.0B |
| 2022-Q4 | 204 | 3,580,396 | — | $986M |
| 2022-Q3 | 204 | 3,758,581 | — | $1.0B |
| 2022-Q2 | 209 | 3,704,144 | — | $1.1B |
| 2022-Q1 | 211 | 3,840,483 | — | $1.3B |
| 2021-Q4 | 222 | 3,908,380 | — | $1.4B |
| 2021-Q3 | 191 | 3,377,103 | — | $1.1B |
| 2021-Q2 | 180 | 3,031,063 | — | $987M |
| 2021-Q1 | 172 | 3,029,799 | — | $899M |
| 2020-Q4 | 166 | 3,257,206 | — | $929M |
| 2020-Q3 | 157 | 3,203,292 | — | $839M |
| 2020-Q2 | 140 | 2,993,329 | — | $713M |
| 2020-Q1 | 114 | 1,844,044 | — | $362M |
| 2019-Q4 | 122 | 1,860,555 | — | $434M |
| 2019-Q3 | 110 | 1,531,707 | — | $325M |
| 2019-Q2 | 117 | 1,549,192 | — | $325M |
| 2019-Q1 | 108 | 1,526,078 | — | $310M |
| 2018-Q4 | 93 | 1,453,478 | — | $261M |
| 2018-Q3 | 90 | 1,439,272 | — | $301M |
| 2018-Q2 | 85 | 1,329,971 | — | $256M |
| 2018-Q1 | 1 | 1,003 | — | $187,320 |
| 2017-Q4 | 1 | 1,003 | — | $190,590 |
| 2017-Q3 | 1 | 1,003 | — | $178,494 |
| 2017-Q2 | 1 | 1,003 | — | $171,673 |
| 2017-Q1 | 1 | 1,003 | — | $167,531 |
| 2016-Q4 | 1 | 1,003 | — | $158,013 |
| 2016-Q3 | 1 | 1,003 | — | $153,228 |
| 2016-Q2 | 1 | 1,200 | — | $177,168 |
| 2016-Q1 | 2 | 1,489 | — | $233,408 |
