Who owns ADPV (ADPV)
Which tracked institutional funds hold ADPV, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See ADPV company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on ADPV is one-sided between 2025-Q4 and 2026-Q1: 7 added or opened and 1 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
ADPV’s largest tracked holder by dollar value, Client First Investment Management LLC, sizes it at 52.2% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 52.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in ADPV divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 19 tracked filers holding ADPV, 15 increased or opened the position and 5 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in ADPV between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 2
- MATHER GROUP, LLC.$3M
- GTS SECURITIES LLC$885K
Largest adds
- STEPHENS INC /AR/$809K
- SHP Wealth Management$381K
- Ankerstar Wealth, LLC$371K
- Client First Investment Management LLC$321K
- WEST MICHIGAN ADVISORS, LLC$263K
Largest trims
- ROYAL BANK OF CANADA$823K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Client First Investment Management LLC added | 2,381,718 | $100M | 69.1% | 2026-Q1 |
| IronBridge Private Wealth, LLC added | 334,984 | $14M | 9.7% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 196,330 | $8M | 5.7% | 2026-Q1 |
| STEPHENS INC /AR/ added | 72,732 | $3M | 2.1% | 2026-Q1 |
| MATHER GROUP, LLC. new | 65,897 | $3M | 1.9% | 2026-Q1 |
| Ankerstar Wealth, LLC added | 49,899 | $2M | 1.4% | 2026-Q1 |
| SHP Wealth Management added | 24,649 | $1M | 0.7% | 2026-Q1 |
| GTS SECURITIES LLC trimmed | 20,982 | $885K | 0.6% | 2026-Q1 |
| WEST MICHIGAN ADVISORS, LLC added | 15,072 | $636K | 0.4% | 2026-Q1 |
| Davis Investment Partners, LLC added | 11,105 | $468K | 0.3% | 2026-Q1 |
| TD Waterhouse Canada Inc. | 9,597 | $411K | 0.3% | 2026-Q1 |
| MONEY CONCEPTS CAPITAL CORP new | 8,474 | $357K | 0.2% | 2026-Q1 |
| Accel Wealth Management added | 8,008 | $338K | 0.2% | 2026-Q1 |
| SeaCrest Wealth Management, LLC added | 7,799 | $329K | 0.2% | 2026-Q1 |
| Worth Asset Management, LLC trimmed | 7,109 | $300K | 0.2% | 2026-Q1 |
| Private Advisor Group, LLC new | 6,534 | $276K | 0.2% | 2026-Q1 |
| Sound View Wealth Advisors Group, LLC added | 6,461 | $272K | 0.2% | 2026-Q1 |
| IFP Advisors, Inc | 2,450 | $103K | 0.1% | 2026-Q1 |
| MORGAN STANLEY new | 1 | $43 | 0.0% | 2026-Q1 |
| NAPA WEALTH MANAGEMENT new | 174,917 | $7M | 5.1% | 2025-Q3 stale |
| Geneos Wealth Management Inc. added | 14,756 | $627K | 0.4% | 2025-Q3 stale |
| Freedom Investment Management, Inc. new | 11,134 | $412K | 0.3% | 2025-Q2 stale |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 9,207 | $317K | 0.2% | 2025-Q1 stale |
| Koshinski Asset Management, Inc. trimmed | 8,110 | $300K | 0.2% | 2025-Q2 stale |
| BANK OF AMERICA CORP /DE/ new | 2,464 | $91K | 0.1% | 2025-Q2 stale |
| Global Retirement Partners, LLC trimmed | 694 | $30K | 0.0% | 2025-Q4 stale |
| Ancora Advisors LLC | 600 | $26K | 0.0% | 2025-Q4 stale |
| UBS Group AG trimmed | 178 | $8K | 0.0% | 2025-Q4 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.