Who owns AFIF
Which tracked institutional funds hold AFIF, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See AFIF company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-14). 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
10 tracked funds added or opened AFIF while 14 trimmed or exited it between 2026-Q1 and 2026-Q2 — 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
AFIF’s largest tracked holder by dollar value, First International Bank & Trust, sizes it at 24.8% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 24.8pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in AFIF 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 28 tracked filers holding AFIF, 15 increased or opened the position and 28 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 AFIF 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 3
- AXXCESS WEALTH MANAGEMENT, LLC$14M
- COMPASS FINANCIAL MANAGEMENT LLC$4M
- Ameritas Advisory Services, LLC$2M
Full exits 9
- CENTAURUS FINANCIAL, INC.$6M
- USAdvisors Wealth Management, LLC$4M
- J.M. Arbour, LLC$3M
- Cambridge Investment Research Advisors, Inc.$2M
- Sonoma Allocations LLC$2M
- Private Advisor Group, LLC$859K
Largest adds
- AdvisorNet Financial, Inc$4M
- Drake & Associates, LLC$2M
- Wealth Enhancement Trust Services, Inc.$1M
- Atria Investments, Inc$544K
- Darwin Wealth Management, LLC$447K
- COMMONWEALTH EQUITY SERVICES, LLC$272K
Largest trims
- ENVESTNET ASSET MANAGEMENT INC$3M
- MML INVESTORS SERVICES, LLC$3M
- Mariner, LLC$906K
- GTS SECURITIES LLC$642K
- Foundations Investment Advisors, LLC$270K
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 |
|---|---|---|---|---|
| Wealth Enhancement Trust Services, Inc. added | 5,795,540 | $55M | 19.7% | 2026-Q2 |
| Drake & Associates, LLC added | 3,865,267 | $36M | 13.1% | 2026-Q2 |
| AdvisorNet Financial, Inc added | 2,715,918 | $26M | 9.2% | 2026-Q2 |
| AXXCESS WEALTH MANAGEMENT, LLC added | 1,441,393 | $14M | 4.9% | 2026-Q2 |
| Darwin Wealth Management, LLC added | 1,441,393 | $14M | 4.9% | 2026-Q2 |
| Foundations Investment Advisors, LLC trimmed | 1,025,349 | $10M | 3.5% | 2026-Q2 |
| Atria Investments, Inc added | 956,431 | $9M | 3.2% | 2026-Q2 |
| Cooper Financial Group added | 337,742 | $3M | 1.1% | 2026-Q2 |
| Mariner, LLC trimmed | 325,164 | $3M | 1.1% | 2026-Q2 |
| COMPASS FINANCIAL MANAGEMENT LLC new | 305,243 | $3M | 1.0% | 2026-Q2 |
| RDA Financial Network added | 264,528 | $2M | 0.9% | 2026-Q2 |
| Ameritas Advisory Services, LLC new | 247,649 | $2M | 0.8% | 2026-Q2 |
| XY Planning Network, Inc. trimmed | 208,586 | $2M | 0.7% | 2026-Q2 |
| 9823 Capital, L.P. trimmed | 166,542 | $2M | 0.6% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 63,357 | $596K | 0.2% | 2026-Q2 |
| Sigma Planning Corp trimmed | 58,192 | $547K | 0.2% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC trimmed | 48,697 | $458K | 0.2% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 41,363 | $389K | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 30,801 | $290K | 0.1% | 2026-Q2 |
| Regatta Research & Money Management new | 27,604 | $260K | 0.1% | 2026-Q2 |
| GTS SECURITIES LLC trimmed | 20,417 | $192K | 0.1% | 2026-Q2 |
| TCFG Investment Advisors, LLC trimmed | 14,618 | $137K | 0.0% | 2026-Q2 |
| Empirical Asset Management, LLC added | 13,685 | $129K | 0.0% | 2026-Q2 |
| Avior Wealth Management, LLC trimmed | 12,190 | $114K | 0.0% | 2026-Q2 |
| DecisionPoint Financial, LLC | 5,647 | $53K | 0.0% | 2026-Q2 |
| Geneos Wealth Management Inc. added | 3,746 | $35K | 0.0% | 2026-Q2 |
| Quest 10 Wealth Builders, Inc. | 469 | $4K | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC | 319 | $3K | 0.0% | 2026-Q2 |
| CENTAURUS FINANCIAL, INC. new | 622,802 | $6M | 2.1% | 2026-Q1 stale (1 quarter behind) |
| USAdvisors Wealth Management, LLC added | 414,261 | $4M | 1.4% | 2026-Q1 stale (1 quarter behind) |
| J.M. Arbour, LLC added | 301,188 | $3M | 1.0% | 2026-Q1 stale (1 quarter behind) |
| Cambridge Investment Research Advisors, Inc. added | 264,557 | $2M | 0.9% | 2026-Q1 stale (1 quarter behind) |
| Sonoma Allocations LLC trimmed | 255,047 | $2M | 0.9% | 2026-Q1 stale (1 quarter behind) |
| Private Advisor Group, LLC added | 92,235 | $859K | 0.3% | 2026-Q1 stale (1 quarter behind) |
| SILVER OAK SECURITIES, INCORPORATED added | 90,710 | $845K | 0.3% | 2026-Q1 stale (1 quarter behind) |
| LPL Financial LLC added | 69,283 | $645K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| FLOW TRADERS U.S. LLC new | 54,205 | $505K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| Signal Advisors Wealth, LLC added | 42,890 | $400K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Bell Bank | 25,387 | $236K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| JANE STREET GROUP, LLC trimmed | 22,065 | $206K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| RAYMOND JAMES FINANCIAL INC added | 21,567 | $201K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| TCFG WEALTH MANAGEMENT, LLC trimmed | 16,925 | $158K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Anfield Capital Management, LLC added | 1,036 | $10K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| GeoWealth Management, LLC added | 245 | $2K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| MORGAN STANLEY | 1 | $16 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| WELLS FARGO & COMPANY/MN | 1 | $7 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Encompass More Asset Management | 12,109 | $114K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| BANK OF AMERICA CORP /DE/ new | 1,992 | $19K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| UBS Group AG added | 1,398 | $13K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| JONES FINANCIAL COMPANIES LLLP new | 537 | $5K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Motiv8 Investments LLC new | 203 | $2K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| First International Bank & Trust trimmed | 7,608,507 | $71M | 25.8% | 2025-Q3 stale (3 quarters behind) |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 20,128 | $189K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| HRT FINANCIAL LP added | 17,603 | $165K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| HARBOUR INVESTMENTS, INC. | 5,411 | $51K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Fermata Advisors, LLC trimmed | 90,862 | $846K | 0.3% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
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.