Who owns AFSM (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-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
9 tracked funds added or opened AFSM while 4 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
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 2025-Q4 and 2026-Q1, across 32 tracked filers holding AFSM, 25 increased or opened the position and 7 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 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 2
- U.S. Capital Wealth Advisors, LLC$2M
- Tower Research Capital LLC (TRC)$975K
Full exits 2
- IFG Advisory, LLC$2M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$560K
Largest adds
- CWM, LLC$3M
- LPL Financial LLC$2M
- JPMORGAN CHASE & CO$849K
- James J. Burns & Company, LLC$824K
- ENVESTNET ASSET MANAGEMENT INC$368K
- Snowden Capital Advisors LLC$359K
Largest trims
- CREATIVE FINANCIAL DESIGNS INC /ADV$518K
- OSAIC HOLDINGS, INC.$323K
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 | 551,235 | $18M | 21.2% | 2026-Q1 |
| CWM, LLC added | 422,615 | $14M | 16.3% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 200,984 | $7M | 7.7% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 193,088 | $6M | 7.4% | 2026-Q1 |
| LPL Financial LLC added | 182,365 | $6M | 7.0% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 136,237 | $4M | 5.1% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 84,058 | $3M | 3.2% | 2026-Q1 |
| Federation des caisses Desjardins du Quebec added | 78,734 | $3M | 3.0% | 2026-Q1 |
| MGO ONE SEVEN LLC added | 73,518 | $2M | 2.8% | 2026-Q1 |
| U.S. Capital Wealth Advisors, LLC new | 63,919 | $2M | 2.5% | 2026-Q1 |
| Snowden Capital Advisors LLC added | 50,189 | $2M | 1.9% | 2026-Q1 |
| Ethos Financial Group, LLC added | 45,344 | $1M | 1.7% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 45,126 | $1M | 1.7% | 2026-Q1 |
| Tower Research Capital LLC (TRC) added | 29,686 | $975K | 1.1% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 28,109 | $924K | 1.1% | 2026-Q1 |
| Crusonia Wealth Advisors LLC added | 18,801 | $618K | 0.7% | 2026-Q1 |
| ADVISORTRUST PARTNERS, LLC | 17,162 | $564K | 0.7% | 2026-Q1 |
| Moors & Cabot, Inc. added | 16,682 | $548K | 0.6% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 14,125 | $464K | 0.5% | 2026-Q1 |
| FSB PREMIER WEALTH MANAGEMENT, INC. added | 10,651 | $350K | 0.4% | 2026-Q1 |
| WORLD EQUITY GROUP, INC. added | 10,292 | $338K | 0.4% | 2026-Q1 |
| SMITH, MOORE & CO. added | 9,971 | $328K | 0.4% | 2026-Q1 |
| KESTRA PRIVATE WEALTH SERVICES, LLC added | 9,142 | $300K | 0.4% | 2026-Q1 |
| WEDBUSH SECURITIES INC | 7,000 | $230K | 0.3% | 2026-Q1 |
| RFG Advisory, LLC new | 6,875 | $226K | 0.3% | 2026-Q1 |
| Arkadios Wealth Advisors added | 6,296 | $207K | 0.2% | 2026-Q1 |
| Farther Finance Advisors, LLC added | 3,123 | $104K | 0.1% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. | 1,215 | $40K | 0.0% | 2026-Q1 |
| CREATIVE FINANCIAL DESIGNS INC /ADV trimmed | 1,154 | $38K | 0.0% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 1,118 | $37K | 0.0% | 2026-Q1 |
| MORGAN STANLEY added | 410 | $13K | 0.0% | 2026-Q1 |
| Founders Financial Alliance, LLC | 250 | $8K | 0.0% | 2026-Q1 |
| Rockport Wealth LLC new | 64,046 | $2M | 2.5% | 2025-Q3 stale |
| IFG Advisory, LLC added | 61,679 | $2M | 2.4% | 2025-Q4 stale |
| CARY STREET PARTNERS FINANCIAL LLC trimmed | 59,481 | $2M | 1.9% | 2025-Q1 stale |
| Boyce & Associates Wealth Consulting, Inc. trimmed | 30,626 | $856K | 1.0% | 2025-Q1 stale |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 17,033 | $560K | 0.7% | 2025-Q4 stale |
| Prospera Financial Services Inc | 16,718 | $547K | 0.6% | 2025-Q3 stale |
| AVANTAX ADVISORY SERVICES, INC. trimmed | 15,949 | $477K | 0.6% | 2025-Q2 stale |
| Beacon Financial Advisory LLC trimmed | 11,745 | $386K | 0.5% | 2025-Q4 stale |
| Sigma Planning Corp trimmed | 6,947 | $208K | 0.2% | 2025-Q2 stale |
| GOLDMAN SACHS GROUP INC new | 6,127 | $200K | 0.2% | 2025-Q3 stale |
| Geneos Wealth Management Inc. trimmed | 5,875 | $164K | 0.2% | 2025-Q1 stale |
| TOTAL INVESTMENT MANAGEMENT INC new | 636 | $19K | 0.0% | 2025-Q2 stale |
| BANK OF AMERICA CORP /DE/ new | 199 | $6K | 0.0% | 2025-Q2 stale |
| UBS Group AG trimmed | 154 | $5K | 0.0% | 2025-Q3 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.