Who owns ARLU
Which tracked institutional funds hold ARLU, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See ARLU 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 ARLU is one-sided between 2026-Q1 and 2026-Q2: 10 added or opened and 2 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
ARLU’s largest tracked holder by dollar value, Allianz SE, sizes it at 0.2% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in ARLU 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 25 tracked filers holding ARLU, 14 increased or opened the position and 12 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 ARLU 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
- USA FINANCIAL FORMULAS$2M
- MML INVESTORS SERVICES, LLC$752K
- ENVESTNET ASSET MANAGEMENT INC$576K
Full exits 1
- USA FINANCIAL FORMULAS$2M
Largest adds
- Allianz SE$2M
- RFG Advisory, LLC$861K
- COMMONWEALTH EQUITY SERVICES, LLC$494K
- STEPHENS INC /AR/$491K
- ARS Wealth Advisors Group, LLC$425K
- Foundations Investment Advisors, LLC$273K
Largest trims
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$704K
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 |
|---|---|---|---|---|
| Allianz SE added | 450,474 | $14M | 22.7% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 289,739 | $9M | 14.6% | 2026-Q2 |
| RFG Advisory, LLC added | 197,978 | $6M | 10.0% | 2026-Q2 |
| ARS Wealth Advisors Group, LLC trimmed | 134,753 | $4M | 6.8% | 2026-Q2 |
| STEPHENS INC /AR/ added | 98,156 | $3M | 5.0% | 2026-Q2 |
| Kestra Advisory Services, LLC trimmed | 85,672 | $3M | 4.3% | 2026-Q2 |
| USA FINANCIAL FORMULAS new | 73,827 | $2M | 3.7% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 33,524 | $1M | 1.7% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC new | 23,549 | $752K | 1.2% | 2026-Q2 |
| Arax Advisory Partners added | 20,128 | $643K | 1.0% | 2026-Q2 |
| Foundations Investment Advisors, LLC added | 19,337 | $617K | 1.0% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC new | 18,050 | $576K | 0.9% | 2026-Q2 |
| INDEPENDENT FINANCIAL GROUP, LLC added | 17,080 | $545K | 0.9% | 2026-Q2 |
| Cetera Investment Advisers added | 15,016 | $479K | 0.8% | 2026-Q2 |
| First Heartland Consultants, Inc. | 13,867 | $443K | 0.7% | 2026-Q2 |
| SILVER OAK SECURITIES, INCORPORATED | 12,390 | $396K | 0.6% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC new | 11,318 | $361K | 0.6% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 9,668 | $306K | 0.5% | 2026-Q2 |
| Patriot Financial Group Insurance Agency, LLC trimmed | 9,566 | $305K | 0.5% | 2026-Q2 |
| Walser Wealth Management Company, A Ltd Liability Co | 8,140 | $260K | 0.4% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. trimmed | 7,482 | $239K | 0.4% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 4,250 | $136K | 0.2% | 2026-Q2 |
| CREATIVE FINANCIAL DESIGNS INC /ADV trimmed | 2,950 | $94K | 0.1% | 2026-Q2 |
| Farther Finance Advisors, LLC new | 519 | $17K | 0.0% | 2026-Q2 |
| COUNTRY TRUST BANK new | 125 | $4K | 0.0% | 2026-Q2 |
| USA FINANCIAL FORMULAS trimmed | 64,932 | $2M | 2.9% | 2026-Q1 stale (1 quarter behind) |
| CITADEL ADVISORS LLC added | 16,915 | $485K | 0.8% | 2026-Q1 stale (1 quarter behind) |
| Savant Capital, LLC | 11,950 | $343K | 0.5% | 2026-Q1 stale (1 quarter behind) |
| BARCLAYS PLC trimmed | 51 | $1K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Allianz Investment Management LLC new | 241,633 | $7M | 11.6% | 2025-Q4 stale (2 quarters behind) |
| CENTAURUS FINANCIAL, INC. trimmed | 34,197 | $1M | 1.6% | 2025-Q4 stale (2 quarters behind) |
| OLD MISSION CAPITAL LLC added | 32,519 | $986K | 1.6% | 2025-Q4 stale (2 quarters behind) |
| UBS Group AG added | 905 | $27K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Allianz Investment Management U.S. LLC trimmed | 49,860 | $1M | 2.3% | 2025-Q3 stale (3 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.