Who owns AFIF (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-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
13 tracked funds added or opened AFIF 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
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 2025-Q4 and 2026-Q1, across 42 tracked filers holding AFIF, 28 increased or opened the position and 14 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 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 5
- Atria Investments, Inc$8M
- CENTAURUS FINANCIAL, INC.$6M
- Cooper Financial Group$3M
- Sigma Planning Corp$550K
- FLOW TRADERS U.S. LLC$505K
Full exits 1
- AXXCESS WEALTH MANAGEMENT, LLC$12M
Largest adds
- Drake & Associates, LLC$3M
- Darwin Wealth Management, LLC$1M
- GTS SECURITIES LLC$730K
- Cambridge Investment Research Advisors, Inc.$684K
- Foundations Investment Advisors, LLC$676K
- SILVER OAK SECURITIES, INCORPORATED$515K
Largest trims
- Mariner, LLC$4M
- Wealth Enhancement Trust Services, Inc.$1M
- Sonoma Allocations LLC$328K
- MML INVESTORS SERVICES, LLC$293K
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. trimmed | 5,731,813 | $53M | 19.9% | 2026-Q1 |
| Drake & Associates, LLC added | 3,639,511 | $34M | 12.6% | 2026-Q1 |
| AdvisorNet Financial, Inc added | 2,336,249 | $22M | 8.1% | 2026-Q1 |
| Darwin Wealth Management, LLC added | 1,407,249 | $13M | 4.9% | 2026-Q1 |
| Foundations Investment Advisors, LLC added | 1,064,223 | $10M | 3.7% | 2026-Q1 |
| Atria Investments, Inc added | 907,271 | $8M | 3.1% | 2026-Q1 |
| CENTAURUS FINANCIAL, INC. new | 622,802 | $6M | 2.2% | 2026-Q1 |
| Mariner, LLC trimmed | 425,555 | $4M | 1.5% | 2026-Q1 |
| USAdvisors Wealth Management, LLC added | 414,261 | $4M | 1.4% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 365,896 | $3M | 1.3% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 321,759 | $3M | 1.1% | 2026-Q1 |
| Cooper Financial Group new | 312,720 | $3M | 1.1% | 2026-Q1 |
| J.M. Arbour, LLC added | 301,188 | $3M | 1.0% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 264,557 | $2M | 0.9% | 2026-Q1 |
| Sonoma Allocations LLC trimmed | 255,047 | $2M | 0.9% | 2026-Q1 |
| RDA Financial Network added | 240,619 | $2M | 0.8% | 2026-Q1 |
| XY Planning Network, Inc. trimmed | 213,770 | $2M | 0.7% | 2026-Q1 |
| 9823 Capital, L.P. added | 179,940 | $2M | 0.6% | 2026-Q1 |
| Private Advisor Group, LLC added | 92,235 | $859K | 0.3% | 2026-Q1 |
| SILVER OAK SECURITIES, INCORPORATED added | 90,710 | $845K | 0.3% | 2026-Q1 |
| GTS SECURITIES LLC added | 89,511 | $834K | 0.3% | 2026-Q1 |
| LPL Financial LLC added | 69,283 | $645K | 0.2% | 2026-Q1 |
| Sigma Planning Corp new | 59,000 | $550K | 0.2% | 2026-Q1 |
| FLOW TRADERS U.S. LLC added | 54,205 | $505K | 0.2% | 2026-Q1 |
| Signal Advisors Wealth, LLC added | 42,890 | $400K | 0.1% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 34,780 | $324K | 0.1% | 2026-Q1 |
| Bell Bank | 25,387 | $236K | 0.1% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 22,065 | $206K | 0.1% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 21,567 | $201K | 0.1% | 2026-Q1 |
| TCFG WEALTH MANAGEMENT, LLC trimmed | 16,925 | $158K | 0.1% | 2026-Q1 |
| TCFG Investment Advisors, LLC new | 16,925 | $158K | 0.1% | 2026-Q1 |
| Avior Wealth Management, LLC trimmed | 14,066 | $130K | 0.0% | 2026-Q1 |
| Empirical Asset Management, LLC new | 12,482 | $116K | 0.0% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 11,608 | $108K | 0.0% | 2026-Q1 |
| DecisionPoint Financial, LLC | 5,647 | $53K | 0.0% | 2026-Q1 |
| Geneos Wealth Management Inc. added | 3,262 | $30K | 0.0% | 2026-Q1 |
| Anfield Capital Management, LLC added | 1,036 | $10K | 0.0% | 2026-Q1 |
| Quest 10 Wealth Builders, Inc. | 469 | $4K | 0.0% | 2026-Q1 |
| Farther Finance Advisors, LLC | 319 | $3K | 0.0% | 2026-Q1 |
| GeoWealth Management, LLC added | 245 | $2K | 0.0% | 2026-Q1 |
| MORGAN STANLEY | 1 | $16 | 0.0% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN | 1 | $7 | 0.0% | 2026-Q1 |
| First International Bank & Trust trimmed | 7,608,507 | $71M | 26.6% | 2025-Q3 stale |
| AXXCESS WEALTH MANAGEMENT, LLC new | 1,269,353 | $12M | 4.4% | 2025-Q4 stale |
| Fermata Advisors, LLC trimmed | 90,862 | $846K | 0.3% | 2025-Q2 stale |
| AMERIPRISE FINANCIAL INC trimmed | 30,301 | $279K | 0.1% | 2025-Q1 stale |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 20,128 | $189K | 0.1% | 2025-Q3 stale |
| HRT FINANCIAL LP added | 17,603 | $165K | 0.1% | 2025-Q3 stale |
| Encompass More Asset Management | 12,109 | $114K | 0.0% | 2025-Q4 stale |
| HARBOUR INVESTMENTS, INC. | 5,411 | $51K | 0.0% | 2025-Q3 stale |
| BANK OF AMERICA CORP /DE/ new | 1,992 | $19K | 0.0% | 2025-Q4 stale |
| UBS Group AG added | 1,398 | $13K | 0.0% | 2025-Q4 stale |
| AE Wealth Management LLC trimmed | 744 | $7K | 0.0% | 2025-Q1 stale |
| JONES FINANCIAL COMPANIES LLLP new | 537 | $5K | 0.0% | 2025-Q4 stale |
| Park Square Financial Group, LLC | 315 | $3K | 0.0% | 2025-Q1 stale |
| Motiv8 Investments LLC new | 203 | $2K | 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.