% of shares outstanding is not shown for XLRE: 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 XLRE 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 | Creative Planning | 47,961,72648.0M | $2.0B | — | ADD 8% |
| 2 | MORGAN STANLEY | 7,294,6957.3M | $298M | — | ADD 13% |
| 3 | BANK OF AMERICA CORP /DE/ | 7,179,1907.2M | $293M | — | TRIM -64% |
| 4 | JPMORGAN CHASE & CO | 5,769,7425.8M | $232M | — | ADD 2651% |
| 5 | LPL Financial LLC | 4,117,4614.1M | $168M | — | ADD 3% |
| 6 | WELLS FARGO & COMPANY/MN | 3,994,7404.0M | $163M | — | ADD 3% |
| 7 | Cassaday & Co Wealth Management LLC | 3,321,5333.3M | $136M | — | — |
| 8 | TWO SIGMA INVESTMENTS, LP | 2,731,5002.7M | $112M | — | TRIM -52% |
| 9 | UBS Group AG | 2,055,0982.1M | $84M | — | ADD 38% |
| 10 | Capital Investment Advisors, LLC | 1,599,9891.6M | $65M | — | ADD 8% |
| 11 | Moss Adams Wealth Advisors LLC | 1,589,5871.6M | $65M | — | ADD 5% |
| 12 | AMERIPRISE FINANCIAL INC | 1,571,6451.6M | $64M | — | TRIM -32% |
| 13 | ALPS ADVISORS INC | 1,426,9621.4M | $58M | — | ADD 9% |
| 14 | Cetera Investment Advisers | 1,373,6231.4M | $56M | — | ADD 6% |
| 15 | American Family Investments, Inc. | 1,367,0871.4M | $56M | — | NEW |
| 16 | Baird Financial Group, Inc. | 1,288,2211.3M | $53M | — | — |
| 17 | VICTORY CAPITAL MANAGEMENT INC | 1,221,8811.2M | $50M | — | ADD 2% |
| 18 | RAYMOND JAMES FINANCIAL INC | 1,183,6501.2M | $48M | — | TRIM -4% |
| 19 | Phoenix Financial Ltd. | 1,063,4041.1M | $43M | — | — |
| 20 | Parcion Private Wealth LLC | 1,050,7241.1M | $43M | — | NEW |
| 21 | ENVESTNET ASSET MANAGEMENT INC | 1,030,5481.0M | $42M | — | ADD 139% |
| 22 | Advisory Alpha, LLC | 917,501917,501 | $37M | — | TRIM -13% |
| 23 | PGIM Custom Harvest LLC | 783,471783,471 | $32M | — | ADD 12% |
| 24 | Auto-Owners Insurance Co | 766,565766,565 | $31M | — | — |
| 25 | Thrivent Financial for Lutherans | 718,918718,918 | $29M | — | ADD 69% |
| 26 | ROYAL BANK OF CANADA | 716,755716,755 | $29M | — | ADD 21% |
| 27 | PEAPACK GLADSTONE FINANCIAL CORP | 701,841701,841 | $29M | — | ADD 23% |
| 28 | FACTORY MUTUAL INSURANCE CO | 659,000659,000 | $27M | — | — |
| 29 | Stonebridge Financial Group, LLC | 639,514639,514 | $26M | — | NEW |
| 30 | CWM, LLC | 588,063588,063 | $24M | — | ADD 11% |
| 31 | Gerber Kawasaki Wealth & Investment Management | 581,690581,690 | $24M | — | ADD 12% |
| 32 | HighTower Advisors, LLC | 551,269551,269 | $23M | — | ADD 3% |
| 33 | Janney Montgomery Scott LLC | 535,397535,397 | $22M | — | ADD 300% |
| 34 | Dean, Jacobson Financial Services, LLC | 522,170522,170 | $21M | — | NEW |
| 35 | GOLDMAN SACHS GROUP INC | 510,351510,351 | $21M | — | TRIM -73% |
| 36 | Mariner, LLC | 493,952493,952 | $20M | — | ADD 4% |
| 37 | WCG Wealth Advisors LLC | 475,451475,451 | $19M | — | ADD 3% |
| 38 | Warwick Investment Management, Inc. | 460,928460,928 | $19M | — | — |
| 39 | MEITAV INVESTMENT HOUSE LTD | 448,499448,499 | $18M | — | TRIM -21% |
| 40 | SIH Partners, LLLP | 445,213445,213 | $18M | — | ADD 304% |
| 41 | CITIGROUP INC | 425,758425,758 | $17M | — | TRIM -48% |
| 42 | WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 412,626412,626 | $17M | — | TRIM -37% |
| 43 | COUNTRY TRUST BANK | 403,236403,236 | $16M | — | ADD 20% |
| 44 | Prentice Wealth Management LLC | 380,776380,776 | $16M | — | ADD 449% |
| 45 | Stonebridge Capital Advisors LLC | 378,511378,511 | $15M | — | ADD 3% |
| 46 | Kingsview Wealth Management, LLC | 375,537375,537 | $15M | — | TRIM -67% |
| 47 | FARMERS TRUST CO | 366,692366,692 | $15M | — | ADD 44% |
| 48 | CAPITAL WEALTH MANAGEMENT, LLC | 362,757362,757 | $15M | — | ADD 19% |
| 49 | Ballentine Partners, LLC | 351,121351,121 | $14M | — | — |
| 50 | STIFEL FINANCIAL CORP | 344,679344,679 | $14M | — | TRIM -8% |
| 51 | Hudock, Inc. | 334,207334,207 | $14M | — | ADD 13% |
| 52 | Allworth Financial LP | 330,994330,994 | $14M | — | ADD 5% |
| 53 | AE Wealth Management LLC | 330,635330,635 | $13M | — | ADD 17% |
| 54 | Jain Global LLC | 314,052314,052 | $13M | — | ADD 1966% |
| 55 | PRUDENTIAL FINANCIAL INC | 307,116307,116 | $13M | — | NEW |
| 56 | Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD | 303,152303,152 | $12M | — | — |
| 57 | MAI Capital Management | 302,989302,989 | $12M | — | ADD 3% |
| 58 | Ameritas Advisory Services, LLC | 292,879292,879 | $12M | — | — |
| 59 | Trust Asset Management LLC | 285,208285,208 | $12M | — | — |
| 60 | AGF MANAGEMENT LTD | 277,338277,338 | $11M | — | TRIM -7% |
| 61 | Freestone Capital Holdings, LLC | 276,106276,106 | $11M | — | ADD 18% |
| 62 | Brio Consultants, LLC | 239,993239,993 | $11M | — | ADD 5% |
| 63 | AMICA MUTUAL INSURANCE CO | 251,930251,930 | $10M | — | — |
| 64 | American Financial Advisors, LLC | 238,717238,717 | $10M | — | — |
| 65 | COMMONWEALTH EQUITY SERVICES, LLC | 234,312234,312 | $10M | — | TRIM -13% |
| 66 | PROFFITT & GOODSON INC | 232,240232,240 | $9M | — | ADD 25% |
| 67 | Transamerica Financial Advisors, LLC | 225,574225,574 | $9M | — | TRIM -7% |
| 68 | KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | 225,430225,430 | $9M | — | ADD 61% |
| 69 | Rockefeller Capital Management L.P. | 206,667206,667 | $8M | — | ADD 16% |
| 70 | OSAIC HOLDINGS, INC. | 205,930205,930 | $8M | — | ADD 13% |
| 71 | Tower Research Capital LLC (TRC) | 205,235205,235 | $8M | — | ADD 595% |
| 72 | Independent Advisor Alliance | 198,229198,229 | $8M | — | NEW |
| 73 | PNC FINANCIAL SERVICES GROUP, INC. | 194,451194,451 | $8M | — | ADD 41% |
| 74 | Solano Wealth Investment Advisors LLC | 191,991191,991 | $8M | — | ADD 6% |
| 75 | KEYBANK NATIONAL ASSOCIATION/OH | 186,399186,399 | $8M | — | — |
| 76 | Reyes Financial Architecture, Inc. | 184,305184,305 | $8M | — | NEW |
| 77 | D.A. DAVIDSON & CO. | 181,505181,505 | $7M | — | ADD 26% |
| 78 | MERCER GLOBAL ADVISORS INC /ADV | 179,710179,710 | $7M | — | TRIM -21% |
| 79 | IHT Wealth Management, LLC | 175,572175,572 | $7M | — | ADD 61% |
| 80 | GenTrust, LLC | 174,064174,064 | $7M | — | NEW |
| 81 | Cambridge Investment Research Advisors, Inc. | 168,997168,997 | $7M | — | TRIM -7% |
| 82 | StrongBox Wealth, LLC | 167,883167,883 | $7M | — | TRIM -15% |
| 83 | First Interstate Bank | 164,463164,463 | $7M | — | TRIM -4% |
| 84 | Corient Private Wealth LLC | 165,463165,463 | $6M | — | TRIM -58% |
| 85 | Cerity Partners LLC | 150,902150,902 | $6M | — | TRIM -3% |
| 86 | LCW Services, LLC | 150,826150,826 | $6M | — | NEW |
| 87 | Waverly Advisors, LLC | 145,628145,628 | $6M | — | ADD 24% |
| 88 | Aspect Partners, LLC | 145,203145,203 | $6M | — | ADD 4% |
| 89 | ARMSTRONG ADVISORY GROUP, INC | 143,933143,933 | $6M | — | TRIM -7% |
| 90 | Cedar Point Capital Partners, LLC | 141,984141,984 | $6M | — | NEW |
| 91 | Econ Financial Services Corp | 138,915138,915 | $6M | — | NEW |
| 92 | ARKANSAS FINANCIAL GROUP, INC. | 131,543131,543 | $6M | — | ADD 4% |
| 93 | EVERGREEN CAPITAL MANAGEMENT LLC | 135,802135,802 | $6M | — | ADD 4% |
| 94 | Stadion Money Management, LLC | 133,733133,733 | $5M | — | TRIM -77% |
| 95 | Jacobi Capital Management LLC | 133,442133,442 | $5M | — | ADD 23% |
| 96 | KCM INVESTMENT ADVISORS LLC | 133,268133,268 | $5M | — | TRIM -2% |
| 97 | Private Advisor Group, LLC | 133,095133,095 | $5M | — | TRIM -65% |
| 98 | CHOREO, LLC | 132,141132,141 | $5M | — | TRIM -3% |
| 99 | Algorithmic Investment Models, LLC | 131,530131,530 | $5M | — | ADD 12% |
| 100 | Sanctuary Advisors, LLC | 130,564130,564 | $5M | — | TRIM -22% |
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 |
|---|---|---|---|---|---|---|---|
| Creative Planning | 31.9M | 34.5M | 37.4M | 40.7M | 44.5M | 48.0M | $2.0B |
| MORGAN STANLEY | 6.3M | 6.8M | 6.6M | 6.7M | 6.5M | 7.3M | $298M |
| BANK OF AMERICA CORP /DE/ | 19.7M | 19.1M | 19.0M | 18.8M | 19.9M | 7.2M | $293M |
| JPMORGAN CHASE & CO | 709K | 591K | 578K | 404K | 210K | 5.8M | $232M |
| LPL Financial LLC | 4.4M | 3.9M | 4.2M | 4.2M | 4.0M | 4.1M | $168M |
| WELLS FARGO & COMPANY/MN | 3.8M | 4.0M | 3.7M | 3.9M | 3.9M | 4.0M | $163M |
| Cassaday & Co Wealth Management LLC | 3.1M | 3.1M | 3.1M | 3.2M | 3.3M | 3.3M | $136M |
| TWO SIGMA INVESTMENTS, LP | — | — | — | — | 5.7M | 2.7M | $112M |
| UBS Group AG | 1.2M | 1.4M | 1.5M | 2.0M | 1.5M | 2.1M | $84M |
| Capital Investment Advisors, LLC | 102K | 1.2M | 1.3M | 1.4M | 1.5M | 1.6M | $65M |
| Moss Adams Wealth Advisors LLC | — | 1.3M | 1.3M | 1.5M | 1.5M | 1.6M | $65M |
| AMERIPRISE FINANCIAL INC | 652K | 1.3M | 2.3M | 2.4M | 2.3M | 1.6M | $64M |
| ALPS ADVISORS INC | 901K | 1.1M | 1.1M | 1.1M | 1.3M | 1.4M | $58M |
| Cetera Investment Advisers | 681K | 707K | 873K | 1.1M | 1.3M | 1.4M | $56M |
| American Family Investments, Inc. | — | — | — | — | — | 1.4M | $56M |
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 | |
|---|---|---|---|
| JPMORGAN CHASE & CO | +5,559,995 | $227M | ADD |
| Creative Planning | +3,468,550 | $142M | ADD |
| American Family Investments, Inc. | +1,367,087 | $56M | OPEN |
| Parcion Private Wealth LLC | +1,050,724 | $43M | OPEN |
| MORGAN STANLEY | +817,339 | $33M | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| BANK OF AMERICA CORP /DE/ | −12,675,013 | $518M | TRIM |
| TWO SIGMA INVESTMENTS, LP | −3,004,200 | $123M | TRIM |
| GOLDMAN SACHS GROUP INC | −1,367,773 | $56M | TRIM |
| Migdal Insurance & Financial Holdings Ltd. | −1,148,676 | $47M | TRIM |
| Cullen Capital Management, LLC | −772,367 | $32M | 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 | 743 | 140,089,401 | — | $5.7B |
| 2025-Q4 | 772 | 146,233,390 | — | $5.9B |
| 2025-Q3 | 725 | 153,064,802 | — | $6.4B |
| 2025-Q2 | 720 | 141,527,396 | — | $5.9B |
| 2025-Q1 | 743 | 150,549,212 | — | $6.2B |
| 2024-Q4 | 762 | 132,275,396 | — | $5.4B |
| 2024-Q3 | 742 | 143,901,873 | — | $6.4B |
| 2024-Q2 | 656 | 120,019,096 | — | $4.6B |
| 2024-Q1 | 680 | 125,414,461 | — | $5.0B |
| 2023-Q4 | 677 | 109,406,711 | — | $4.4B |
| 2023-Q3 | 587 | 81,451,476 | — | $2.8B |
| 2023-Q2 | 591 | 78,222,349 | — | $3.0B |
| 2023-Q1 | 585 | 80,122,761 | — | $3.0B |
| 2022-Q4 | 611 | 89,470,398 | — | $3.3B |
| 2022-Q3 | 585 | 84,126,380 | — | $3.0B |
| 2022-Q2 | 631 | 83,612,849 | — | $3.4B |
| 2022-Q1 | 638 | 81,423,906 | — | $3.9B |
| 2021-Q4 | 648 | 83,398,444 | — | $4.3B |
| 2021-Q3 | 544 | 59,269,138 | — | $2.6B |
| 2021-Q2 | 506 | 43,534,975 | — | $1.9B |
| 2021-Q1 | 450 | 34,617,308 | — | $1.4B |
| 2020-Q4 | 422 | 34,464,579 | — | $1.3B |
| 2020-Q3 | 402 | 37,507,383 | — | $1.3B |
| 2020-Q2 | 389 | 109,694,449 | — | $4.3B |
| 2020-Q1 | 399 | 66,861,617 | — | $2.1B |
| 2019-Q4 | 431 | 68,099,513 | — | $2.6B |
| 2019-Q3 | 391 | 74,524,810 | — | $2.9B |
| 2019-Q2 | 372 | 68,525,250 | — | $2.5B |
| 2019-Q1 | 377 | 70,522,415 | — | $2.5B |
| 2018-Q4 | 347 | 68,749,412 | — | $2.1B |
| 2018-Q3 | 313 | 67,226,464 | — | $2.2B |
| 2018-Q2 | 313 | 62,612,973 | — | $2.1B |
| 2018-Q1 | 298 | 62,356,364 | — | $1.9B |
| 2017-Q4 | 307 | 54,707,549 | — | $1.8B |
| 2017-Q3 | 292 | 54,523,344 | — | $1.8B |
| 2017-Q2 | 292 | 38,929,377 | — | $1.2B |
| 2017-Q1 | 323 | 41,541,629 | — | $1.3B |
| 2016-Q4 | 326 | 40,919,939 | — | $1.3B |
| 2016-Q3 | 399 | 54,217,927 | — | $1.8B |
| 2016-Q2 | 12 | 194,474 | — | $7M |
| 2016-Q1 | 8 | 206,159 | — | $7M |
| 2015-Q4 | 3 | 119,644 | — | $4M |
