% of shares outstanding is not shown for XTWO: 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 XTWO 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 | Focus Partners Wealth | 311,433311,433 | $15M | — | — |
| 2 | Nemes Rush Group LLC | 297,279297,279 | $15M | — | ADD 26% |
| 3 | Thrivent Financial for Lutherans | 247,282247,282 | $12M | — | — |
| 4 | Legacy CG, LLC | 192,218192,218 | $9M | — | TRIM -13% |
| 5 | ARVEST INVESTMENTS, INC. | 122,040122,040 | $6M | — | NEW |
| 6 | BANK OF AMERICA CORP /DE/ | 76,85776,857 | $4M | — | ADD 13% |
| 7 | Lido Advisors, LLC | 71,14971,149 | $4M | — | — |
| 8 | STAR Financial Bank | 63,53363,533 | $3M | — | TRIM -70% |
| 9 | Amplius Wealth Advisors, LLC | 49,09449,094 | $2M | — | TRIM -18% |
| 10 | Strait & Sound Wealth Management LLC | 45,55745,557 | $2M | — | ADD 3% |
| 11 | MORGAN STANLEY | 36,79236,792 | $2M | — | TRIM -5% |
| 12 | Teucrium Investment Advisors, LLC | 26,59426,594 | $1M | — | ADD 66% |
| 13 | Mutual Advisors, LLC | 24,23224,232 | $1M | — | ADD 5% |
| 14 | OLD MISSION CAPITAL LLC | 21,06721,067 | $1M | — | NEW |
| 15 | JANE STREET GROUP, LLC | 17,70817,708 | $872,893 | — | ADD 34% |
| 16 | IFP Advisors, Inc | 15,40015,400 | $759,123 | — | TRIM -3% |
| 17 | Cetera Investment Advisers | 13,37613,376 | $659,339 | — | TRIM -15% |
| 18 | Astoria Portfolio Advisors LLC. | 13,00613,006 | $640,692 | — | — |
| 19 | Janney Montgomery Scott LLC | 12,47612,476 | $615,000 | — | ADD 14% |
| 20 | ROTHSCHILD INVESTMENT LLC | 12,36512,365 | $609,517 | — | — |
| 21 | ZEGA Investments, LLC | 9,4539,453 | $465,973 | — | TRIM -17% |
| 22 | Vermillion & White Wealth Management Group, LLC | 9,3289,328 | $459,812 | — | — |
| 23 | CWM, LLC | 9,1799,179 | $452,467 | — | ADD 5% |
| 24 | ENVESTNET ASSET MANAGEMENT INC | 8,0338,033 | $395,968 | — | ADD 27% |
| 25 | StoneX Group Inc. | 7,3627,362 | $362,900 | — | ADD 7% |
| 26 | Global Assets Advisory, LLC | 6,0676,067 | $299,065 | — | ADD 3% |
| 27 | Tandem Investment Partners LLC | 5,9955,995 | $295,516 | — | TRIM -5% |
| 28 | Aptus Capital Advisors, LLC | 5,7915,791 | $285,460 | — | TRIM -5% |
| 29 | Financial Guidance Group, Inc. | 5,7915,791 | $285,459 | — | TRIM -5% |
| 30 | CITADEL ADVISORS LLC | 5,4565,456 | $268,946 | — | TRIM -57% |
| 31 | TRUIST FINANCIAL CORP | 5,4495,449 | $268,601 | — | — |
| 32 | OSAIC HOLDINGS, INC. | 4,0764,076 | $200,905 | — | — |
| 33 | ROYAL BANK OF CANADA | 1,3001,300 | $64,000 | — | — |
| 34 | Bank of Jackson Hole Trust | 202202 | $9,957 | — | — |
| 35 | AE Wealth Management LLC | 186186 | $9,169 | — | ADD 933% |
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 |
|---|---|---|---|---|---|---|---|
| Focus Partners Wealth | 624K | 305K | 304K | 306K | 310K | 311K | $15M |
| Nemes Rush Group LLC | 66K | 94K | 134K | 184K | 237K | 297K | $15M |
| Thrivent Financial for Lutherans | — | — | — | — | 246K | 247K | $12M |
| Legacy CG, LLC | 177K | 185K | 181K | 187K | 220K | 192K | $9M |
| ARVEST INVESTMENTS, INC. | — | — | — | — | — | 122K | $6M |
| BANK OF AMERICA CORP /DE/ | 42K | 42K | 49K | 58K | 68K | 77K | $4M |
| Lido Advisors, LLC | — | — | — | 60K | 72K | 71K | $4M |
| STAR Financial Bank | 26K | 28K | 34K | 184K | 210K | 64K | $3M |
| Amplius Wealth Advisors, LLC | 1.0M | 89K | 80K | 61K | 60K | 49K | $2M |
| Strait & Sound Wealth Management LLC | 20K | 30K | 39K | 44K | 44K | 46K | $2M |
| MORGAN STANLEY | 17K | 26K | 64K | 71K | 39K | 37K | $2M |
| Teucrium Investment Advisors, LLC | — | — | — | — | 16K | 27K | $1M |
| Mutual Advisors, LLC | — | — | — | 25K | 23K | 24K | $1M |
| OLD MISSION CAPITAL LLC | — | — | — | — | — | 21K | $1M |
| JANE STREET GROUP, LLC | — | — | 6K | 14K | 13K | 18K | $872,893 |
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.
| Quarter | Holders | Shares held | % shares out | Value held |
|---|---|---|---|---|
| 2026-Q1 | 35 | 1,753,126 | — | $86M |
| 2025-Q4 | 46 | 2,313,454 | — | $115M |
| 2025-Q3 | 40 | 1,967,525 | — | $98M |
| 2025-Q2 |
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 | |
|---|---|---|---|
| ARVEST INVESTMENTS, INC. | +122,040 | $6M | OPEN |
| Nemes Rush Group LLC | +60,561 | $3M | ADD |
| OLD MISSION CAPITAL LLC | +21,067 | $1M | OPEN |
| Teucrium Investment Advisors, LLC | +10,590 | $522,020 | ADD |
| BANK OF AMERICA CORP /DE/ | +8,576 | $422,743 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Municipal Employees' Retirement System of Michigan | −416,558 | $21M | CLOSE |
| STAR Financial Bank | −146,157 | $7M | TRIM |
| Orion Porfolio Solutions, LLC | −47,410 | $2M | CLOSE |
| Oasis Advisors, LLC | −46,121 | $2M | CLOSE |
| Legacy CG, LLC | −27,483 | $1M | 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).
| 40 |
| 1,813,997 |
| — |
| $90M |
| 2025-Q1 | 40 | 1,834,249 | — | $91M |
| 2024-Q4 | 40 | 2,797,445 | — | $137M |
| 2024-Q3 | 34 | 2,145,814 | — | $129M |
| 2024-Q2 | 26 | 2,163,436 | — | $106M |
| 2024-Q1 | 21 | 1,598,549 | — | $78M |
| 2023-Q4 | 17 | 1,694,729 | — | $84M |
| 2023-Q3 | 16 | 1,684,001 | — | $82M |
| 2023-Q2 | 14 | 1,551,852 | — | $76M |
| 2023-Q1 | 12 | 1,538,320 | — | $77M |
| 2022-Q4 | 6 | 925,893 | — | $46M |
| 2022-Q3 | 3 | 708,030 | — | $35M |
