Who owns Advanced Flower Capital Inc. (AFCG)
Which tracked institutional funds hold AFCG, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See AFCG company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-15). 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
2 tracked funds added or opened AFCG while 5 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
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
AFCG’s largest tracked holder by dollar value, CDC Financial, Inc., sizes it at 3.4% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 3.4pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in AFCG 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 50 tracked filers holding AFCG, 26 increased or opened the position and 52 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
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 AFCG 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.
Full exits 2
- VANGUARD GROUP INC$3M
- STATE STREET CORP$1M
Largest adds
- CDC Financial, Inc.$2M
- JANE STREET GROUP, LLC$460K
Largest trims
- BlackRock, Inc.$4M
- NORTHERN TRUST CORP$536K
- GSA CAPITAL PARTNERS LLP$353K
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 |
|---|---|---|---|---|
| CDC Financial, Inc. added | 1,473,178 | $4M | 19.6% | 2026-Q1 |
| GSA CAPITAL PARTNERS LLP trimmed | 241,008 | $680K | 3.2% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 229,067 | $646K | 3.1% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 200,850 | $566K | 2.7% | 2026-Q1 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed | 192,546 | $543K | 2.6% | 2026-Q1 |
| NORTHERN TRUST CORP trimmed | 151,137 | $426K | 2.0% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 150,396 | $424K | 2.0% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 144,470 | $407K | 1.9% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 128,039 | $361K | 1.7% | 2026-Q1 |
| MORGAN STANLEY trimmed | 121,144 | $342K | 1.6% | 2026-Q1 |
| Black Maple Capital Management LP new | 110,912 | $313K | 1.5% | 2026-Q1 |
| D. E. Shaw & Co., Inc. trimmed | 97,624 | $275K | 1.3% | 2026-Q1 |
| Cambria Investment Management, L.P. trimmed | 97,390 | $275K | 1.3% | 2026-Q1 |
| HRT FINANCIAL LP added | 97,374 | $274K | 1.3% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 76,800 | $217K | 1.0% | 2026-Q1 |
| Vident Advisory, LLC new | 73,422 | $207K | 1.0% | 2026-Q1 |
| Squarepoint Ops LLC added | 61,146 | $172K | 0.8% | 2026-Q1 |
| BlackRock, Inc. trimmed | 59,944 | $169K | 0.8% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 56,477 | $159K | 0.8% | 2026-Q1 |
| HighTower Advisors, LLC added | 38,120 | $107K | 0.5% | 2026-Q1 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 34,096 | $96K | 0.5% | 2026-Q1 |
| Catalyst Capital Advisors LLC | 26,000 | $73K | 0.3% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 25,450 | $72K | 0.3% | 2026-Q1 |
| DECISION INVESTMENTS, INC added | 24,236 | $68K | 0.3% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 17,989 | $51K | 0.2% | 2026-Q1 |
| Qube Research & Technologies Ltd trimmed | 14,078 | $40K | 0.2% | 2026-Q1 |
| Pathstone Holdings, LLC new | 12,385 | $35K | 0.2% | 2026-Q1 |
| Virtu Financial LLC trimmed | 10,777 | $30K | 0.1% | 2026-Q1 |
| Vanguard Personalized Indexing Management, LLC new | 10,588 | $30K | 0.1% | 2026-Q1 |
| Spire Wealth Management trimmed | 8,300 | $23K | 0.1% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 5,528 | $16K | 0.1% | 2026-Q1 |
| NFSG Corp | 5,300 | $15K | 0.1% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 3,769 | $11K | 0.1% | 2026-Q1 |
| CWM, LLC trimmed | 2,713 | $8K | 0.0% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 2,219 | $6K | 0.0% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 1,523 | $4K | 0.0% | 2026-Q1 |
| GROUP ONE TRADING LLC added | 1,184 | $3K | 0.0% | 2026-Q1 |
| Advisory Services Network, LLC | 1,000 | $3K | 0.0% | 2026-Q1 |
| Ascentis Independent Advisors new | 856 | $2K | 0.0% | 2026-Q1 |
| Bell Investment Advisors, Inc new | 230 | $649 | 0.0% | 2026-Q1 |
| Bare Financial Services, Inc new | 226 | $637 | 0.0% | 2026-Q1 |
| West Financial Advisors, LLC | 225 | $634 | 0.0% | 2026-Q1 |
| VANGUARD GROUP INC added | 936,193 | $3M | 12.6% | 2025-Q4 stale |
| SEGALL BRYANT & HAMILL, LLC added | 250,214 | $1M | 6.6% | 2025-Q1 stale |
| STATE STREET CORP added | 409,715 | $1M | 5.5% | 2025-Q4 stale |
| Penserra Capital Management LLC added | 224,919 | $861K | 4.1% | 2025-Q3 stale |
| PRUDENTIAL FINANCIAL INC added | 67,750 | $304K | 1.4% | 2025-Q2 stale |
| AdvisorShares Investments LLC trimmed | 67,446 | $302K | 1.4% | 2025-Q2 stale |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 54,441 | $244K | 1.2% | 2025-Q2 stale |
| LOS ANGELES CAPITAL MANAGEMENT LLC trimmed | 42,758 | $238K | 1.1% | 2025-Q1 stale |
| ACADIAN ASSET MANAGEMENT LLC trimmed | 69,653 | $198K | 0.9% | 2025-Q4 stale |
| Cetera Investment Advisers added | 36,735 | $141K | 0.7% | 2025-Q3 stale |
| RITHOLTZ WEALTH MANAGEMENT trimmed | 31,340 | $140K | 0.7% | 2025-Q2 stale |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 43,829 | $125K | 0.6% | 2025-Q4 stale |
| Bank of New York Mellon Corp trimmed | 41,986 | $120K | 0.6% | 2025-Q4 stale |
| STATE OF WISCONSIN INVESTMENT BOARD new | 25,700 | $115K | 0.5% | 2025-Q2 stale |
| MARTINGALE ASSET MANAGEMENT L P | 20,623 | $115K | 0.5% | 2025-Q1 stale |
| Atom Investors LP trimmed | 19,237 | $107K | 0.5% | 2025-Q1 stale |
| ALLIANCEBERNSTEIN L.P. | 35,800 | $102K | 0.5% | 2025-Q4 stale |
| Focus Partners Wealth trimmed | 25,681 | $98K | 0.5% | 2025-Q4 stale |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC trimmed | 24,259 | $93K | 0.4% | 2025-Q3 stale |
| GEODE CAPITAL MANAGEMENT, LLC added | 31,965 | $91K | 0.4% | 2025-Q4 stale |
| Campbell & CO Investment Adviser LLC trimmed | 23,370 | $90K | 0.4% | 2025-Q3 stale |
| State of Wyoming trimmed | 19,874 | $89K | 0.4% | 2025-Q2 stale |
| BARCLAYS PLC added | 26,794 | $76K | 0.4% | 2025-Q4 stale |
| Invesco Ltd. trimmed | 26,144 | $75K | 0.4% | 2025-Q4 stale |
| SMH CAPITAL ADVISORS INC | 26,000 | $74K | 0.3% | 2025-Q4 stale |
| RHUMBLINE ADVISERS trimmed | 25,925 | $74K | 0.3% | 2025-Q4 stale |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 17,394 | $67K | 0.3% | 2025-Q3 stale |
| OMERS ADMINISTRATION Corp new | 11,900 | $66K | 0.3% | 2025-Q1 stale |
| Nuveen, LLC | 22,606 | $64K | 0.3% | 2025-Q4 stale |
| Quantinno Capital Management LP trimmed | 20,664 | $59K | 0.3% | 2025-Q4 stale |
| BANK OF AMERICA CORP /DE/ added | 20,090 | $57K | 0.3% | 2025-Q4 stale |
| SHERBROOKE PARK ADVISERS LLC trimmed | 10,089 | $56K | 0.3% | 2025-Q1 stale |
| WELLS FARGO & COMPANY/MN added | 19,352 | $55K | 0.3% | 2025-Q4 stale |
| Corebridge Financial, Inc. added | 8,806 | $49K | 0.2% | 2025-Q1 stale |
| INTECH INVESTMENT MANAGEMENT LLC trimmed | 10,466 | $47K | 0.2% | 2025-Q2 stale |
| DEUTSCHE BANK AG\ added | 15,828 | $45K | 0.2% | 2025-Q4 stale |
| PNC Financial Services Group, Inc. | 6,700 | $26K | 0.1% | 2025-Q3 stale |
| McIlrath & Eck, LLC | 5,112 | $23K | 0.1% | 2025-Q2 stale |
| NEW YORK STATE COMMON RETIREMENT FUND | 6,838 | $19K | 0.1% | 2025-Q4 stale |
| Wealth Preservation Advisors, LLC new | 2,904 | $16K | 0.1% | 2025-Q1 stale |
| Police & Firemen's Retirement System of New Jersey | 5,618 | $16K | 0.1% | 2025-Q4 stale |
| RAYMOND JAMES FINANCIAL INC new | 2,794 | $13K | 0.1% | 2025-Q2 stale |
| Brooklyn Investment Group added | 2,243 | $12K | 0.1% | 2025-Q1 stale |
| Tower Research Capital LLC (TRC) added | 3,607 | $10K | 0.0% | 2025-Q4 stale |
| Versant Capital Management, Inc trimmed | 2,648 | $10K | 0.0% | 2025-Q3 stale |
| STRS OHIO | 3,300 | $9K | 0.0% | 2025-Q4 stale |
| NISA INVESTMENT ADVISORS, LLC | 2,948 | $8K | 0.0% | 2025-Q4 stale |
| SIMPLEX TRADING, LLC added | 2,542 | $7K | 0.0% | 2025-Q4 stale |
| Arax Advisory Partners added | 1,371 | $5K | 0.0% | 2025-Q3 stale |
| UBS Group AG trimmed | 1,671 | $5K | 0.0% | 2025-Q4 stale |
| Ameritas Investment Partners, Inc. | 1,617 | $5K | 0.0% | 2025-Q4 stale |
| Legal & General Group Plc | 1,596 | $5K | 0.0% | 2025-Q4 stale |
| Sterling Capital Management LLC | 1,263 | $4K | 0.0% | 2025-Q4 stale |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 1,055 | $3K | 0.0% | 2025-Q4 stale |
| EverSource Wealth Advisors, LLC trimmed | 840 | $2K | 0.0% | 2025-Q4 stale |
| AMALGAMATED BANK trimmed | 542 | $2K | 0.0% | 2025-Q4 stale |
| FLAGSHIP HARBOR ADVISORS, LLC new | 479 | $1K | 0.0% | 2025-Q4 stale |
| SUMMIT SECURITIES GROUP LLC new | 100 | $557 | 0.0% | 2025-Q1 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.