Who owns ADX
Which tracked institutional funds hold ADX, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See ADX company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-19). 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 ADX is one-sided between 2026-Q1 and 2026-Q2: 54 added or opened and 13 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
ADX’s largest tracked holder by dollar value, LAZARD ASSET MANAGEMENT LLC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in ADX 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 2026-Q1 and 2026-Q2, across 205 tracked filers holding ADX, 121 increased or opened the position and 70 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 ADX between the 2026-Q1 and 2026-Q2 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 8
- MAI Capital Management$6M
- Atlas Wealth LLC$2M
- Peak Asset Management, LLC$823K
- Navis Wealth Advisors, LLC$791K
- J.W. COLE ADVISORS, INC.$621K
- PREVAIL INNOVATIVE WEALTH ADVISORS, LLC$574K
Full exits 9
- COHEN & STEERS, INC.$25M
- Allspring Global Investments Holdings, LLC$8M
- DELTA CAPITAL MANAGEMENT LLC$2M
- Stolper Co$2M
- HighTower Advisors, LLC$1M
- Janney Montgomery Scott LLC$1M
Largest adds
- LPL Financial LLC$18M
- Bensler, LLC$6M
- RAYMOND JAMES FINANCIAL INC$5M
- ARQ WEALTH ADVISORS, LLC$4M
- LAZARD ASSET MANAGEMENT LLC$4M
- ROYAL BANK OF CANADA$3M
Largest trims
- MORGAN STANLEY$6M
- Kestra Advisory Services, LLC$4M
- 1607 Capital Partners, LLC$3M
- GatePass Capital, LLC$319K
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| LAZARD ASSET MANAGEMENT LLC trimmed | 3,208,355 | $82M | 17.4% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 1,318,584 | $34M | 7.2% | 2026-Q2 |
| Bensler, LLC added | 1,129,607 | $29M | 6.1% | 2026-Q2 |
| LPL Financial LLC added | 1,016,997 | $26M | 5.5% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 953,099 | $24M | 5.2% | 2026-Q2 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC trimmed | 846,398 | $22M | 4.6% | 2026-Q2 |
| MORGAN STANLEY trimmed | 768,743 | $20M | 4.2% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 413,322 | $11M | 2.2% | 2026-Q2 |
| Advisors Asset Management, Inc. added | 401,665 | $10M | 2.2% | 2026-Q2 |
| Waterfront Wealth Inc. trimmed | 345,424 | $9M | 1.9% | 2026-Q2 |
| ARQ WEALTH ADVISORS, LLC added | 334,882 | $9M | 1.9% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 320,464 | $8M | 1.7% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 295,048 | $8M | 1.6% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 279,405 | $7M | 1.6% | 2026-Q2 |
| INTREPID FAMILY OFFICE LLC added | 278,226 | $7M | 1.5% | 2026-Q2 |
| Hennion & Walsh Asset Management, Inc. trimmed | 275,750 | $7M | 1.5% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 272,279 | $7M | 1.5% | 2026-Q2 |
| GatePass Capital, LLC trimmed | 235,085 | $6M | 1.3% | 2026-Q2 |
| MAI Capital Management new | 221,469 | $6M | 1.2% | 2026-Q2 |
| RB Capital Management, LLC added | 211,303 | $5M | 1.1% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 201,219 | $5M | 1.1% | 2026-Q2 |
| FCA CORP /TX added | 200,255 | $5M | 1.1% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 197,843 | $5M | 1.1% | 2026-Q2 |
| UMB Bank, n.a. trimmed | 192,516 | $5M | 1.0% | 2026-Q2 |
| Uncommon Cents Investing LLC trimmed | 181,270 | $5M | 1.0% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 162,590 | $4M | 0.9% | 2026-Q2 |
| ROBERTS GLORE & CO INC /IL/ added | 160,810 | $4M | 0.9% | 2026-Q2 |
| Cetera Investment Advisers added | 150,243 | $4M | 0.8% | 2026-Q2 |
| D.A. DAVIDSON & CO. added | 146,269 | $4M | 0.8% | 2026-Q2 |
| 1607 Capital Partners, LLC trimmed | 143,339 | $4M | 0.8% | 2026-Q2 |
| GENERAL AMERICAN INVESTORS CO INC | 131,124 | $3M | 0.7% | 2026-Q2 |
| INDEPENDENT FINANCIAL GROUP, LLC trimmed | 129,156 | $3M | 0.7% | 2026-Q2 |
| UBS Group AG added | 129,026 | $3M | 0.7% | 2026-Q2 |
| Focus Partners Wealth trimmed | 99,522 | $3M | 0.5% | 2026-Q2 |
| Providence Wealth Advisors, LLC | 98,953 | $3M | 0.5% | 2026-Q2 |
| GUGGENHEIM CAPITAL LLC added | 91,830 | $2M | 0.5% | 2026-Q2 |
| Concurrent Investment Advisors, LLC added | 86,354 | $2M | 0.5% | 2026-Q2 |
| Advisory Advocates, LLC added | 85,508 | $2M | 0.5% | 2026-Q2 |
| PMG Family Office LLC added | 84,104 | $2M | 0.5% | 2026-Q2 |
| Westbourne Investment Advisors, Inc. added | 83,800 | $2M | 0.5% | 2026-Q2 |
| Atlas Wealth LLC new | 82,341 | $2M | 0.4% | 2026-Q2 |
| Walsh & Associates, LLC | 79,791 | $2M | 0.4% | 2026-Q2 |
| EVOLVE PRIVATE WEALTH, LLC trimmed | 78,995 | $2M | 0.4% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 77,016 | $2M | 0.4% | 2026-Q2 |
| Waverly Advisors, LLC trimmed | 68,187 | $2M | 0.4% | 2026-Q2 |
| Invesco Ltd. added | 67,186 | $2M | 0.4% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 65,950 | $2M | 0.4% | 2026-Q2 |
| DIVERSIFIED TRUST CO | 65,351 | $2M | 0.4% | 2026-Q2 |
| Samalin Investment Counsel, LLC added | 65,105 | $2M | 0.4% | 2026-Q2 |
| MEANS INVESTMENT CO., INC. | 62,535 | $2M | 0.3% | 2026-Q2 |
| Koshinski Asset Management, Inc. added | 61,909 | $2M | 0.3% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 61,569 | $2M | 0.3% | 2026-Q2 |
| Wealthspire Advisors, LLC added | 52,729 | $1M | 0.3% | 2026-Q2 |
| Mariner, LLC added | 51,629 | $1M | 0.3% | 2026-Q2 |
| WEST BANCORPORATION INC added | 49,490 | $1M | 0.3% | 2026-Q2 |
| Private Advisor Group, LLC added | 49,429 | $1M | 0.3% | 2026-Q2 |
| Lido Advisors, LLC added | 47,809 | $1M | 0.3% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 47,750 | $1M | 0.3% | 2026-Q2 |
| Capital Investment Advisors, LLC | 47,626 | $1M | 0.3% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 47,241 | $1M | 0.3% | 2026-Q2 |
| Savant Capital, LLC trimmed | 46,950 | $1M | 0.3% | 2026-Q2 |
| LexAurum Advisors, LLC added | 46,383 | $1M | 0.3% | 2026-Q2 |
| Midwest Trust Co added | 44,936 | $1M | 0.2% | 2026-Q2 |
| MassMutual Private Wealth & Trust, FSB added | 44,936 | $1M | 0.2% | 2026-Q2 |
| Capstone Financial Advisors, Inc. added | 43,424 | $1M | 0.2% | 2026-Q2 |
| Avior Wealth Management, LLC added | 40,263 | $1M | 0.2% | 2026-Q2 |
| OPPENHEIMER & CO INC trimmed | 40,121 | $1M | 0.2% | 2026-Q2 |
| Ancora Advisors LLC trimmed | 40,046 | $1M | 0.2% | 2026-Q2 |
| Concorde Asset Management, LLC added | 39,657 | $1M | 0.2% | 2026-Q2 |
| RFG - Bristol Wealth Advisors, LLC | 38,512 | $984K | 0.2% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 36,834 | $941K | 0.2% | 2026-Q2 |
| UHLMANN PRICE SECURITIES, LLC added | 34,722 | $887K | 0.2% | 2026-Q2 |
| Prostatis Group LLC added | 34,688 | $886K | 0.2% | 2026-Q2 |
| Merit Financial Group, LLC trimmed | 34,202 | $874K | 0.2% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 34,087 | $871K | 0.2% | 2026-Q2 |
| NewEdge Advisors, LLC trimmed | 33,607 | $859K | 0.2% | 2026-Q2 |
| Joel Isaacson & Co., LLC | 33,489 | $856K | 0.2% | 2026-Q2 |
| Cerity Partners LLC added | 32,286 | $825K | 0.2% | 2026-Q2 |
| Peak Asset Management, LLC new | 32,200 | $823K | 0.2% | 2026-Q2 |
| Kovack Advisors, Inc. added | 31,969 | $817K | 0.2% | 2026-Q2 |
| Navis Wealth Advisors, LLC new | 30,945 | $791K | 0.2% | 2026-Q2 |
| XTX Topco Ltd trimmed | 30,457 | $778K | 0.2% | 2026-Q2 |
| Creative Planning trimmed | 29,083 | $743K | 0.2% | 2026-Q2 |
| Quad-Cities Investment Group, LLC added | 29,033 | $742K | 0.2% | 2026-Q2 |
| Blue Trust, Inc. added | 28,474 | $728K | 0.2% | 2026-Q2 |
| Cannon Advisors, Inc. added | 28,406 | $742K | 0.2% | 2026-Q2 |
| Farmers National Bank | 27,234 | $696K | 0.1% | 2026-Q2 |
| Turtle Creek Wealth Advisors, LLC trimmed | 25,976 | $664K | 0.1% | 2026-Q2 |
| Corient Private Wealth LP trimmed | 25,458 | $650K | 0.1% | 2026-Q2 |
| LEE DANNER & BASS INC | 25,000 | $639K | 0.1% | 2026-Q2 |
| J.W. COLE ADVISORS, INC. trimmed | 24,298 | $621K | 0.1% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. added | 23,559 | $602K | 0.1% | 2026-Q2 |
| Uniting Wealth Partners, LLC added | 23,192 | $593K | 0.1% | 2026-Q2 |
| PREVAIL INNOVATIVE WEALTH ADVISORS, LLC added | 22,448 | $574K | 0.1% | 2026-Q2 |
| EP Wealth Advisors, LLC added | 22,321 | $570K | 0.1% | 2026-Q2 |
| Savvy Advisors, Inc. | 22,104 | $565K | 0.1% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 21,764 | $556K | 0.1% | 2026-Q2 |
| Mezzasalma Advisors, LLC added | 20,999 | $537K | 0.1% | 2026-Q2 |
| Stratos Wealth Partners, LTD. added | 20,758 | $530K | 0.1% | 2026-Q2 |
| RETIREMENT PLANNING GROUP, LLC / NY new | 20,305 | $519K | 0.1% | 2026-Q2 |
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.