Who owns AFSM
Which tracked institutional funds hold AFSM, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See AFSM 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
The tracked-fund tape on AFSM is one-sided between 2026-Q1 and 2026-Q2: 16 added or opened and 3 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
AFSM’s largest tracked holder by dollar value, James J. Burns & Company, LLC, sizes it at 2.5% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 2.5pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in AFSM 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 36 tracked filers holding AFSM, 24 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 AFSM 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
- Arax Advisory Partners$3M
- IFG Advisory, LLC$2M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$2M
Full exits 2
- CWM, LLC$14M
- U.S. Capital Wealth Advisors, LLC$2M
Largest adds
- LPL Financial LLC$5M
- James J. Burns & Company, LLC$5M
- Kestra Advisory Services, LLC$2M
- ENVESTNET ASSET MANAGEMENT INC$2M
- TRUIST FINANCIAL CORP$2M
- JPMORGAN CHASE & CO$1M
Largest trims
- Tower Research Capital LLC (TRC)$387K
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 |
|---|---|---|---|---|
| James J. Burns & Company, LLC added | 557,503 | $23M | 21.1% | 2026-Q2 |
| LPL Financial LLC added | 276,705 | $11M | 10.5% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 200,060 | $8M | 7.6% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 193,577 | $8M | 7.3% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 136,071 | $6M | 5.1% | 2026-Q2 |
| Cetera Investment Advisers added | 85,525 | $4M | 3.2% | 2026-Q2 |
| Federation des caisses Desjardins du Quebec added | 80,760 | $3M | 3.1% | 2026-Q2 |
| MGO ONE SEVEN LLC added | 80,087 | $3M | 3.0% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 75,033 | $3M | 2.8% | 2026-Q2 |
| Arax Advisory Partners new | 64,966 | $3M | 2.5% | 2026-Q2 |
| IFG Advisory, LLC trimmed | 57,933 | $2M | 2.2% | 2026-Q2 |
| Ethos Financial Group, LLC added | 48,163 | $2M | 1.8% | 2026-Q2 |
| Snowden Capital Advisors LLC trimmed | 44,509 | $2M | 1.7% | 2026-Q2 |
| OSAIC HOLDINGS, INC. trimmed | 38,843 | $2M | 1.5% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 37,996 | $2M | 1.4% | 2026-Q2 |
| ADVISORTRUST PARTNERS, LLC added | 22,705 | $933K | 0.9% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 19,455 | $800K | 0.7% | 2026-Q2 |
| Crusonia Wealth Advisors LLC trimmed | 17,824 | $733K | 0.7% | 2026-Q2 |
| FSB PREMIER WEALTH MANAGEMENT, INC. added | 15,591 | $641K | 0.6% | 2026-Q2 |
| Moors & Cabot, Inc. trimmed | 14,880 | $612K | 0.6% | 2026-Q2 |
| Tower Research Capital LLC (TRC) trimmed | 14,320 | $589K | 0.5% | 2026-Q2 |
| SMITH, MOORE & CO. added | 12,176 | $500K | 0.5% | 2026-Q2 |
| WORLD EQUITY GROUP, INC. added | 10,873 | $447K | 0.4% | 2026-Q2 |
| KESTRA PRIVATE WEALTH SERVICES, LLC added | 9,646 | $396K | 0.4% | 2026-Q2 |
| Arkadios Wealth Advisors added | 6,319 | $260K | 0.2% | 2026-Q2 |
| RFG Advisory, LLC trimmed | 5,916 | $243K | 0.2% | 2026-Q2 |
| INDEPENDENT FINANCIAL GROUP, LLC trimmed | 5,434 | $223K | 0.2% | 2026-Q2 |
| Prospera Financial Services Inc trimmed | 5,348 | $220K | 0.2% | 2026-Q2 |
| Sigma Planning Corp trimmed | 5,198 | $214K | 0.2% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC new | 5,053 | $208K | 0.2% | 2026-Q2 |
| JANE STREET GROUP, LLC new | 4,995 | $205K | 0.2% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ | 1,118 | $46K | 0.0% | 2026-Q2 |
| CREATIVE FINANCIAL DESIGNS INC /ADV trimmed | 970 | $40K | 0.0% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. trimmed | 965 | $40K | 0.0% | 2026-Q2 |
| MORGAN STANLEY added | 564 | $23K | 0.0% | 2026-Q2 |
| Founders Financial Alliance, LLC | 250 | $10K | 0.0% | 2026-Q2 |
| CWM, LLC added | 422,615 | $14M | 12.8% | 2026-Q1 stale (1 quarter behind) |
| U.S. Capital Wealth Advisors, LLC new | 63,919 | $2M | 1.9% | 2026-Q1 stale (1 quarter behind) |
| CITADEL ADVISORS LLC trimmed | 14,125 | $464K | 0.4% | 2026-Q1 stale (1 quarter behind) |
| WEDBUSH SECURITIES INC | 7,000 | $230K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| Beacon Financial Advisory LLC trimmed | 11,745 | $386K | 0.4% | 2025-Q4 stale (2 quarters behind) |
| Rockport Wealth LLC new | 64,046 | $2M | 1.9% | 2025-Q3 stale (3 quarters behind) |
| GOLDMAN SACHS GROUP INC new | 6,127 | $200K | 0.2% | 2025-Q3 stale (3 quarters behind) |
| UBS Group AG trimmed | 154 | $5K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| AVANTAX ADVISORY SERVICES, INC. trimmed | 15,949 | $477K | 0.4% | 2025-Q2 stale (4 quarters behind) |
| TOTAL INVESTMENT MANAGEMENT INC new | 636 | $19K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| BANK OF AMERICA CORP /DE/ new | 199 | $6K | 0.0% | 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.