% of shares outstanding is not shown for XLV: 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 XLV 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 | BANK OF AMERICA CORP /DE/ | 31,021,55931.0M | $4.5B | — | ADD 12% |
| 2 | JPMORGAN CHASE & CO | 15,794,06315.8M | $2.3B | — | TRIM -6% |
| 3 | MORGAN STANLEY | 11,432,07911.4M | $1.7B | — | — |
| 4 | GOLDMAN SACHS GROUP INC | 7,180,4177.2M | $1.1B | — | ADD 6% |
| 5 | WELLS FARGO & COMPANY/MN | 6,383,9626.4M | $936M | — | — |
| 6 | LPL Financial LLC | 6,333,0926.3M | $928M | — | TRIM -4% |
| 7 | ENVESTNET ASSET MANAGEMENT INC | 5,176,0305.2M | $759M | — | — |
| 8 | RAYMOND JAMES FINANCIAL INC | 4,787,1284.8M | $702M | — | TRIM -4% |
| 9 | UBS Group AG | 4,528,0814.5M | $664M | — | TRIM -4% |
| 10 | Focus Partners Wealth | 3,081,3633.1M | $452M | — | — |
| 11 | Harel Insurance Investments & Financial Services Ltd. | 2,838,5492.8M | $416M | — | TRIM -33% |
| 12 | AMERIPRISE FINANCIAL INC | 2,727,8132.7M | $411M | — | TRIM -4% |
| 13 | NISSAY ASSET MANAGEMENT CORP /JAPAN | 2,702,8942.7M | $396M | — | TRIM -13% |
| 14 | ROYAL BANK OF CANADA | 2,646,0042.6M | $388M | — | TRIM -7% |
| 15 | Main Management ETF Advisors, LLC | 2,543,2372.5M | $373M | — | TRIM -11% |
| 16 | Janney Montgomery Scott LLC | 2,361,1832.4M | $346M | — | — |
| 17 | TRUIST FINANCIAL CORP | 2,323,0592.3M | $341M | — | — |
| 18 | Caisse de depot et placement du Quebec | 2,144,0582.1M | $314M | — | ADD 45% |
| 19 | BARCLAYS PLC | 1,947,9061.9M | $286M | — | ADD 103% |
| 20 | WestEnd Advisors, LLC | 1,878,1141.9M | $275M | — | — |
| 21 | MENORA MIVTACHIM HOLDINGS LTD. | 1,734,2131.7M | $254M | — | — |
| 22 | MEITAV INVESTMENT HOUSE LTD | 1,586,7971.6M | $233M | — | TRIM -7% |
| 23 | OSAIC HOLDINGS, INC. | 1,541,7441.5M | $226M | — | ADD 15% |
| 24 | Phoenix Financial Ltd. | 1,529,5771.5M | $224M | — | ADD 29% |
| 25 | BNP PARIBAS FINANCIAL MARKETS | 1,391,7921.4M | $204M | — | TRIM -44% |
| 26 | Jordan Park Group LLC | 1,370,5361.4M | $201M | — | NEW |
| 27 | STATE STREET CORP | 1,122,8161.1M | $165M | — | ADD 9% |
| 28 | Rokos Capital Management LLP | 1,036,1161.0M | $152M | — | TRIM -37% |
| 29 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1,003,6111.0M | $147M | — | ADD 9% |
| 30 | PGIM Custom Harvest LLC | 961,249961,249 | $141M | — | TRIM -6% |
| 31 | Cetera Investment Advisers | 867,939867,939 | $127M | — | TRIM -7% |
| 32 | STIFEL FINANCIAL CORP | 770,348770,348 | $113M | — | ADD 12% |
| 33 | NEUBERGER BERMAN GROUP LLC | 740,343740,343 | $109M | — | TRIM -5% |
| 34 | AGF MANAGEMENT LTD | 726,050726,050 | $106M | — | TRIM -15% |
| 35 | Migdal Insurance & Financial Holdings Ltd. | 680,149680,149 | $100M | — | ADD 112% |
| 36 | BANK OF NOVA SCOTIA | 679,740679,740 | $100M | — | ADD 36% |
| 37 | BlackRock, Inc. | 670,171670,171 | $98M | — | ADD 54% |
| 38 | VICTORY CAPITAL MANAGEMENT INC | 652,174652,174 | $96M | — | — |
| 39 | CITIGROUP INC | 607,605607,605 | $89M | — | TRIM -66% |
| 40 | Rockefeller Capital Management L.P. | 584,921584,921 | $86M | — | — |
| 41 | MILLENNIUM MANAGEMENT LLC | 581,167581,167 | $85M | — | ADD 1343% |
| 42 | Qube Research & Technologies Ltd | 565,210565,210 | $83M | — | NEW |
| 43 | SRB CORP | 556,818556,818 | $82M | — | — |
| 44 | CIBC WORLD MARKET INC. | 553,159553,159 | $81M | — | TRIM -49% |
| 45 | HighTower Advisors, LLC | 526,922526,922 | $77M | — | ADD 2% |
| 46 | RiverFront Investment Group, LLC | 521,112521,112 | $76M | — | — |
| 47 | NORTHERN TRUST CORP | 486,168486,168 | $71M | — | — |
| 48 | BANK OF MONTREAL /CAN/ | 480,893480,893 | $71M | — | TRIM -10% |
| 49 | Conservest Capital Advisors, Inc. | 471,537471,537 | $69M | — | — |
| 50 | GREENWOOD GEARHART LLC | 462,504462,504 | $68M | — | ADD 3% |
| 51 | US BANCORP \DE\ | 459,185459,185 | $67M | — | ADD 9% |
| 52 | J.Safra Asset Management Corp | 446,627446,627 | $65M | — | ADD 3% |
| 53 | Main Management LLC | 436,462436,462 | $64M | — | TRIM -39% |
| 54 | STATE OF MICHIGAN RETIREMENT SYSTEM | 404,788404,788 | $59M | — | ADD 11% |
| 55 | NATIXIS | 403,455403,455 | $59M | — | ADD 704% |
| 56 | ALPS ADVISORS INC | 398,570398,570 | $58M | — | ADD 17% |
| 57 | Gerber Kawasaki Wealth & Investment Management | 387,824387,824 | $57M | — | — |
| 58 | SIGNATURE ESTATE & INVESTMENT ADVISORS LLC | 382,859382,859 | $56M | — | ADD 5% |
| 59 | Advisory Alpha, LLC | 376,473376,473 | $55M | — | — |
| 60 | COMMONWEALTH EQUITY SERVICES, LLC | 368,885368,885 | $54M | — | TRIM -10% |
| 61 | MML INVESTORS SERVICES, LLC | 363,690363,690 | $53M | — | TRIM -18% |
| 62 | Capital Investment Advisors, LLC | 345,759345,759 | $51M | — | TRIM -54% |
| 63 | SCHRODER INVESTMENT MANAGEMENT GROUP | 335,996335,996 | $48M | — | NEW |
| 64 | Farther Finance Advisors, LLC | 326,935326,935 | $48M | — | ADD 26% |
| 65 | KCM INVESTMENT ADVISORS LLC | 326,615326,615 | $48M | — | — |
| 66 | Cambridge Investment Research Advisors, Inc. | 317,799317,799 | $47M | — | ADD 7% |
| 67 | GRIMES & Co WEALTH MANAGEMENT, LLC | 312,037312,037 | $46M | — | TRIM -22% |
| 68 | HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 300,000300,000 | $44M | — | TRIM -74% |
| 69 | ASSETMARK, INC | 299,153299,153 | $44M | — | ADD 25% |
| 70 | TD Waterhouse Canada Inc. | 292,323292,323 | $43M | — | ADD 8% |
| 71 | MERCER GLOBAL ADVISORS INC /ADV | 289,403289,403 | $42M | — | ADD 9% |
| 72 | ADAMS DIVERSIFIED EQUITY FUND, INC. | 285,000285,000 | $42M | — | ADD 114% |
| 73 | Private Advisor Group, LLC | 278,763278,763 | $41M | — | TRIM -12% |
| 74 | Wellspring Financial Advisors, LLC | 272,211272,211 | $40M | — | TRIM -3% |
| 75 | Cerity Partners LLC | 270,453270,453 | $40M | — | TRIM -11% |
| 76 | Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD | 269,341269,341 | $39M | — | TRIM -19% |
| 77 | CAPITAL FUND MANAGEMENT S.A. | 267,734267,734 | $39M | — | TRIM -49% |
| 78 | Krilogy Financial LLC | 246,922246,922 | $36M | — | ADD 8% |
| 79 | Mivtachim The Workers Social Insurance Fund Ltd. (Under Special Management) | 245,800245,800 | $36M | — | — |
| 80 | JONES FINANCIAL COMPANIES LLLP | 244,391244,391 | $35M | — | ADD 16% |
| 81 | MAI Capital Management | 236,929236,929 | $35M | — | — |
| 82 | Baird Financial Group, Inc. | 236,708236,708 | $35M | — | ADD 102% |
| 83 | Wharton Business Group, LLC | 232,563232,563 | $34M | — | — |
| 84 | FIFTH THIRD BANCORP | 223,713223,713 | $33M | — | ADD 90% |
| 85 | Kingsview Wealth Management, LLC | 221,599221,599 | $32M | — | TRIM -2% |
| 86 | PNC FINANCIAL SERVICES GROUP, INC. | 220,815220,815 | $32M | — | ADD 4% |
| 87 | Trilogy Capital Inc. | 216,901216,901 | $32M | — | ADD 25% |
| 88 | Sanctuary Advisors, LLC | 213,125213,125 | $31M | — | ADD 2% |
| 89 | Equitable Holdings, Inc. | 201,041201,041 | $31M | — | ADD 8% |
| 90 | Corient Private Wealth LLC | 218,843218,843 | $31M | — | TRIM -51% |
| 91 | MONEY CONCEPTS CAPITAL CORP | 208,270208,270 | $31M | — | ADD 1154% |
| 92 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 204,351204,351 | $30M | — | ADD 267% |
| 93 | Miller Investment Management, LP | 202,911202,911 | $30M | — | ADD 2% |
| 94 | Squarepoint Ops LLC | 201,816201,816 | $30M | — | ADD 97% |
| 95 | JANE STREET GROUP, LLC | 201,130201,130 | $29M | — | NEW |
| 96 | BW Gestao de Investimentos Ltda. | 201,000201,000 | $29M | — | TRIM -24% |
| 97 | FMR LLC | 199,007199,007 | $29M | — | ADD 5% |
| 98 | PEAPACK GLADSTONE FINANCIAL CORP | 196,695196,695 | $29M | — | — |
| 99 | Nan Shan Life Insurance Co., Ltd. | 195,277195,277 | $29M | — | ADD 141% |
| 100 | Kestra Advisory Services, LLC | 185,445185,445 | $27M | — | ADD 28% |
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 |
|---|---|---|---|---|---|---|---|
| BANK OF AMERICA CORP /DE/ | 36.6M | 34.1M | 33.2M | 28.3M | 27.8M | 31.0M | $4.5B |
| JPMORGAN CHASE & CO | 10.9M | 12.7M | 12.8M | 27.6M | 16.8M | 15.8M | $2.3B |
| MORGAN STANLEY | 10.9M | 12.1M | 13.2M | 10.6M | 11.5M | 11.4M | $1.7B |
| GOLDMAN SACHS GROUP INC | 5.7M | 5.0M | 5.8M | 7.2M | 6.8M | 7.2M | $1.1B |
| WELLS FARGO & COMPANY/MN | 5.9M | 5.8M | 5.7M | 6.0M | 6.4M | 6.4M | $936M |
| LPL Financial LLC | 6.7M | 6.9M | 6.8M | 6.4M | 6.6M | 6.3M | $928M |
| ENVESTNET ASSET MANAGEMENT INC | 5.9M | 6.5M | 5.8M | 4.7M | 5.1M | 5.2M | $759M |
| RAYMOND JAMES FINANCIAL INC | 6.0M | 6.0M | 5.6M | 4.9M | 5.0M | 4.8M | $702M |
| UBS Group AG | 3.5M | 4.0M | 3.3M | 3.7M | 4.7M | 4.5M | $664M |
| Focus Partners Wealth | 1.7M | 863K | 941K | 2.7M | 3.1M | 3.1M | $452M |
| Harel Insurance Investments & Financial Services Ltd. | 2.9M | 2.9M | 2.1M | 3.1M | 4.2M | 2.8M | $416M |
| AMERIPRISE FINANCIAL INC | 3.1M | 3.4M | 2.9M | 2.8M | 2.8M | 2.7M | $411M |
| NISSAY ASSET MANAGEMENT CORP /JAPAN | 4.0M | 3.5M | 3.5M | 3.5M | 3.1M | 2.7M | $396M |
| ROYAL BANK OF CANADA | 3.0M | 3.1M | 5.5M | 3.2M | 2.8M | 2.6M | $388M |
| Main Management ETF Advisors, LLC | 601K | 480K | 1.5M | 2.3M | 2.9M | 2.5M | $373M |
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 | |
|---|---|---|---|
| BANK OF AMERICA CORP /DE/ | +3,259,957 | $478M | ADD |
| Jordan Park Group LLC | +1,370,536 | $201M | OPEN |
| BARCLAYS PLC | +987,912 | $145M | ADD |
| Caisse de depot et placement du Quebec | +665,724 | $98M | ADD |
| Qube Research & Technologies Ltd | +565,210 | $83M | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| PRUDENTIAL FINANCIAL INC | −1,418,516 | $208M | CLOSE |
| Harel Insurance Investments & Financial Services Ltd. | −1,385,852 | $203M | TRIM |
| CITIGROUP INC | −1,179,873 | $173M | TRIM |
| BNP PARIBAS FINANCIAL MARKETS | −1,110,771 | $163M | TRIM |
| JPMORGAN CHASE & CO | −974,260 | $143M | 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 | 1,795 | 188,792,331 | — | $27.6B |
| 2025-Q4 | 1,830 | 192,631,799 | — | $29.8B |
| 2025-Q3 | 1,648 | 198,149,591 | — | $27.6B |
| 2025-Q2 | 1,676 | 191,876,747 | — | $25.7B |
| 2025-Q1 | 1,766 | 192,535,158 | — | $28.1B |
| 2024-Q4 | 1,758 | 190,790,708 | — | $26.3B |
| 2024-Q3 | 1,728 | 212,267,495 | — | $32.7B |
| 2024-Q2 | 1,664 | 202,192,778 | — | $29.4B |
| 2024-Q1 | 1,664 | 246,926,901 | — | $36.4B |
| 2023-Q4 | 1,639 | 240,527,627 | — | $32.7B |
| 2023-Q3 | 1,520 | 219,833,616 | — | $28.3B |
| 2023-Q2 | 1,543 | 226,172,304 | — | $30.0B |
| 2023-Q1 | 1,507 | 220,226,074 | — | $28.5B |
| 2022-Q4 | 1,605 | 227,138,372 | — | $30.7B |
| 2022-Q3 | 1,421 | 215,843,571 | — | $26.2B |
| 2022-Q2 | 1,462 | 217,599,393 | — | $27.9B |
| 2022-Q1 | 1,438 | 198,177,825 | — | $26.9B |
| 2021-Q4 | 1,443 | 207,487,590 | — | $29.2B |
| 2021-Q3 | 1,274 | 185,899,403 | — | $23.6B |
| 2021-Q2 | 1,204 | 172,342,750 | — | $21.7B |
| 2021-Q1 | 1,181 | 169,935,898 | — | $19.8B |
| 2020-Q4 | 1,165 | 178,255,038 | — | $20.2B |
| 2020-Q3 | 1,051 | 176,646,575 | — | $18.6B |
| 2020-Q2 | 1,048 | 175,723,019 | — | $17.6B |
| 2020-Q1 | 1,004 | 157,104,285 | — | $13.9B |
| 2019-Q4 | 1,015 | 145,055,817 | — | $14.8B |
| 2019-Q3 | 841 | 141,546,052 | — | $12.8B |
| 2019-Q2 | 888 | 141,803,510 | — | $13.1B |
| 2019-Q1 | 903 | 158,950,869 | — | $14.5B |
| 2018-Q4 | 882 | 155,122,463 | — | $13.4B |
| 2018-Q3 | 794 | 152,272,091 | — | $14.5B |
| 2018-Q2 | 742 | 134,050,821 | — | $11.2B |
| 2018-Q1 | 756 | 145,725,779 | — | $11.8B |
| 2017-Q4 | 767 | 150,470,833 | — | $12.4B |
| 2017-Q3 | 703 | 154,910,319 | — | $12.9B |
| 2017-Q2 | 674 | 142,573,510 | — | $11.3B |
| 2017-Q1 | 660 | 149,005,955 | — | $11.1B |
| 2016-Q4 | 614 | 141,158,772 | — | $9.7B |
| 2016-Q3 | 541 | 134,579,639 | — | $9.7B |
| 2016-Q2 | 542 | 134,612,624 | — | $9.6B |
| 2016-Q1 | 544 | 148,712,711 | — | $10.0B |
| 2015-Q4 | 566 | 166,739,283 | — | $11.4B |
| 2015-Q3 | 504 | 175,829,293 | — | $11.8B |
| 2015-Q2 | 539 | 161,488,848 | — | $12.0B |
| 2015-Q1 | 531 | 156,957,849 | — | $11.4B |
| 2014-Q4 | 507 | 130,435,361 | — | $8.9B |
| 2014-Q3 | 443 | 140,284,176 | — | $9.0B |
| 2014-Q2 | 409 | 133,869,259 | — | $8.1B |
| 2014-Q1 | 412 | 142,322,881 | — | $8.3B |
| 2013-Q4 | 390 | 120,697,228 | — | $6.7B |
| 2013-Q3 | 349 | 116,244,481 | — | $5.9B |
| 2013-Q2 | 333 | 134,862,334 | — | $6.5B |
| 2013-Q1 | 28 | 3,833,900 | — | $176M |
