Who owns ASA
Which tracked institutional funds hold ASA, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See ASA company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-18). 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 ASA is one-sided between 2026-Q1 and 2026-Q2: 3 added or opened and 29 trimmed or exited — on balance reducing.
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
ASA’s largest tracked holder by dollar value, Saba Capital Management, L.P., sizes it at 9.4% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 9.4pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in ASA 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 68 tracked filers holding ASA, 23 increased or opened the position and 45 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 ASA 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.
Full exits 3
- PEAPACK GLADSTONE FINANCIAL CORP$6M
- MANGROVE PARTNERS IM, LLC$607K
- Verdad Advisers, LP$563K
Largest adds
- Quantedge Capital Pte Ltd$1M
- JANE STREET GROUP, LLC$792K
- Altium Capital Management LLC$424K
Largest trims
- Saba Capital Management, L.P.$59M
- Sessa Capital IM, L.P.$10M
- MORGAN STANLEY$9M
- ROYAL BANK OF CANADA$7M
- RAYMOND JAMES FINANCIAL INC$5M
- Uncommon Cents Investing LLC$5M
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 |
|---|---|---|---|---|
| Saba Capital Management, L.P. | 5,903,701 | $307M | 47.3% | 2026-Q2 |
| Sessa Capital IM, L.P. | 1,050,000 | $55M | 8.4% | 2026-Q2 |
| MORGAN STANLEY trimmed | 889,782 | $46M | 7.1% | 2026-Q2 |
| Almitas Capital LLC added | 629,121 | $33M | 5.0% | 2026-Q2 |
| Uncommon Cents Investing LLC trimmed | 408,849 | $21M | 3.3% | 2026-Q2 |
| Twelve Points Wealth Management LLC added | 329,331 | $17M | 2.6% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 322,727 | $17M | 2.6% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 292,791 | $15M | 2.3% | 2026-Q2 |
| SPROTT INC. trimmed | 195,183 | $10M | 1.6% | 2026-Q2 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC trimmed | 144,568 | $8M | 1.2% | 2026-Q2 |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | 139,975 | $7M | 1.1% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 129,742 | $7M | 1.0% | 2026-Q2 |
| CAPSTONE INVESTMENT ADVISORS, LLC | 129,134 | $7M | 1.0% | 2026-Q2 |
| ROYCE & ASSOCIATES LP trimmed | 102,887 | $5M | 0.8% | 2026-Q2 |
| Private Advisor Group, LLC added | 83,162 | $4M | 0.7% | 2026-Q2 |
| Altium Capital Management LLC added | 70,390 | $4M | 0.6% | 2026-Q2 |
| WS MANAGEMENT LLLP | 70,000 | $4M | 0.6% | 2026-Q2 |
| Thomas J. Herzfeld Advisors, Inc. trimmed | 66,761 | $3M | 0.5% | 2026-Q2 |
| Noble Wealth Management PBC trimmed | 58,841 | $3M | 0.5% | 2026-Q2 |
| Quantedge Capital Pte Ltd added | 56,347 | $3M | 0.5% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 46,053 | $2M | 0.4% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 35,306 | $2M | 0.3% | 2026-Q2 |
| CSS LLC/IL added | 35,107 | $2M | 0.3% | 2026-Q2 |
| ZAZOVE ASSOCIATES LLC added | 32,655 | $2M | 0.3% | 2026-Q2 |
| PFG Investments, LLC trimmed | 31,689 | $2M | 0.3% | 2026-Q2 |
| WOLVERINE ASSET MANAGEMENT LLC trimmed | 31,387 | $2M | 0.3% | 2026-Q2 |
| Burford Brothers, Inc. | 27,210 | $1M | 0.2% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 20,845 | $1M | 0.2% | 2026-Q2 |
| EVOLVE PRIVATE WEALTH, LLC trimmed | 18,483 | $962K | 0.1% | 2026-Q2 |
| Pekin Hardy Strauss, Inc. | 17,558 | $914K | 0.1% | 2026-Q2 |
| XTX Topco Ltd added | 15,230 | $793K | 0.1% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC trimmed | 13,887 | $723K | 0.1% | 2026-Q2 |
| Marex Group Ltd trimmed | 13,800 | $718K | 0.1% | 2026-Q2 |
| STEPHENS INC /AR/ added | 12,374 | $644K | 0.1% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 12,143 | $632K | 0.1% | 2026-Q2 |
| LPL Financial LLC trimmed | 11,362 | $591K | 0.1% | 2026-Q2 |
| FLAX POND CAPITAL, LLC | 9,504 | $590K | 0.1% | 2026-Q2 |
| Beacon Pointe Advisors, LLC trimmed | 10,711 | $557K | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 9,543 | $497K | 0.1% | 2026-Q2 |
| TWIN FOCUS CAPITAL PARTNERS, LLC added | 8,050 | $419K | 0.1% | 2026-Q2 |
| Wealthcare Advisory Partners LLC | 7,298 | $380K | 0.1% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 6,962 | $362K | 0.1% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 6,437 | $338K | 0.1% | 2026-Q2 |
| Lido Advisors, LLC added | 6,410 | $334K | 0.1% | 2026-Q2 |
| DECISION INVESTMENTS, INC trimmed | 6,262 | $326K | 0.1% | 2026-Q2 |
| HB Wealth Management, LLC trimmed | 5,974 | $311K | 0.0% | 2026-Q2 |
| Tidal Investments LLC new | 5,962 | $310K | 0.0% | 2026-Q2 |
| TWO SIGMA SECURITIES, LLC new | 5,069 | $264K | 0.0% | 2026-Q2 |
| Cardinal Point Capital Management ULC | 5,000 | $260K | 0.0% | 2026-Q2 |
| Creative Planning trimmed | 4,905 | $255K | 0.0% | 2026-Q2 |
| DKM Wealth Management, Inc. | 4,001 | $208K | 0.0% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC | 3,927 | $204K | 0.0% | 2026-Q2 |
| HM PAYSON & CO | 3,000 | $156K | 0.0% | 2026-Q2 |
| LANARK FINANCIAL, INC. added | 1,290 | $67K | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC trimmed | 988 | $51K | 0.0% | 2026-Q2 |
| TRUST CO OF VERMONT | 900 | $47K | 0.0% | 2026-Q2 |
| SIMPLEX TRADING, LLC trimmed | 645 | $34K | 0.0% | 2026-Q2 |
| WHI TRUST Co LLC | 500 | $26K | 0.0% | 2026-Q2 |
| Ritter Daniher Financial Advisory LLC / DE | 500 | $26K | 0.0% | 2026-Q2 |
| Global Retirement Partners, LLC added | 443 | $23K | 0.0% | 2026-Q2 |
| UBS Group AG trimmed | 407 | $21K | 0.0% | 2026-Q2 |
| Markowski Investments new | 300 | $16K | 0.0% | 2026-Q2 |
| Silver Grove Financial Group, Inc. new | 224 | $12K | 0.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN | 201 | $10K | 0.0% | 2026-Q2 |
| GHP Investment Advisors, Inc. trimmed | 200 | $10K | 0.0% | 2026-Q2 |
| JFS WEALTH ADVISORS, LLC | 28 | $1K | 0.0% | 2026-Q2 |
| Cape Investment Advisory, Inc. | 20 | $1K | 0.0% | 2026-Q2 |
| GROUP ONE TRADING LLC trimmed | 15 | $781 | 0.0% | 2026-Q2 |
| PEAPACK GLADSTONE FINANCIAL CORP trimmed | 103,770 | $6M | 1.0% | 2026-Q1 stale (1 quarter behind) |
| MANGROVE PARTNERS IM, LLC added | 9,789 | $607K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Verdad Advisers, LP added | 9,081 | $563K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Fruth Investment Management | 7,500 | $465K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Janney Montgomery Scott LLC trimmed | 7,306 | $453K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Advisor OS, LLC trimmed | 6,295 | $390K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Patriot Financial Group Insurance Agency, LLC new | 4,200 | $261K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| AlphaStar Capital Management, LLC | 3,637 | $226K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 3,406 | $211K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| JPMORGAN CHASE & CO added | 3,494 | $202K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Sanctuary Advisors, LLC trimmed | 3,235 | $201K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Advisory Services Network, LLC | 1,200 | $74K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| MAI Capital Management | 300 | $19K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Parkside Financial Bank & Trust new | 277 | $17K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors new | 5,735 | $342K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| Stratos Wealth Partners, LTD. new | 5,150 | $307K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Closed-End Fund Advisors, Inc. new | 4,217 | $252K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Matrix Trust Co trimmed | 3,958 | $236K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| STIFEL FINANCIAL CORP new | 3,681 | $220K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Kestra Advisory Services, LLC new | 965 | $58K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| SageView Advisory Group, LLC new | 501 | $30K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Polar Asset Management Partners Inc. | 149,692 | $7M | 1.1% | 2025-Q3 stale (3 quarters behind) |
| LAZARD ASSET MANAGEMENT LLC trimmed | 20,798 | $953K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| Walleye Capital LLC trimmed | 17,265 | $791K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| DYMON ASIA CAPITAL (SINGAPORE) PTE. LTD. | 11,734 | $537K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| Quadrature Capital Ltd new | 5,683 | $260K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Blue Trust, Inc. new | 290 | $13K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO trimmed | 474,599 | $15M | 2.3% | 2025-Q2 stale (4 quarters behind) |
| Verition Fund Management LLC added | 195,161 | $6M | 0.9% | 2025-Q2 stale (4 quarters behind) |
| MEDICI CAPITAL LLC new | 165,926 | $5M | 0.8% | 2025-Q2 stale (4 quarters behind) |
| Atria Wealth Solutions, Inc. added | 10,145 | $320K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| Elequin Capital, LP new | 3,427 | $108K | 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.