Who owns BFRZ
Which tracked institutional funds hold BFRZ, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BFRZ company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-15). 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 BFRZ is one-sided between 2025-Q4 and 2026-Q1: 18 added or opened and 5 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
BFRZ’s largest tracked holder by dollar value, ENVESTNET ASSET MANAGEMENT INC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes BFRZ more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in BFRZ 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 51 tracked filers holding BFRZ, 44 increased or opened the position and 8 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 BFRZ 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 6
- Balance Wealth, LLC$4M
- Atria Investments, Inc$937K
- MORGAN STANLEY$904K
- MML INVESTORS SERVICES, LLC$695K
- World Investment Advisors$646K
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$589K
Full exits 1
- Thrivent Financial for Lutherans$1M
Largest adds
- CWM, LLC$9M
- Orion Porfolio Solutions, LLC$4M
- Kestra Advisory Services, LLC$4M
- Visionary Wealth Advisors$4M
- Triad Wealth Partners, LLC$3M
- Cambridge Investment Research Advisors, Inc.$2M
Largest trims
- VanWeelden Wealth Management, LLC$4M
- ENVESTNET ASSET MANAGEMENT INC$2M
- HARBOUR INVESTMENTS, INC.$1M
- Ashton Thomas Private Wealth, LLC$275K
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 |
|---|---|---|---|---|
| ENVESTNET ASSET MANAGEMENT INC trimmed | 449,502 | $12M | 11.2% | 2026-Q1 |
| CWM, LLC added | 446,576 | $12M | 11.1% | 2026-Q1 |
| VanWeelden Wealth Management, LLC trimmed | 381,918 | $10M | 9.5% | 2026-Q1 |
| Visionary Wealth Advisors added | 280,589 | $7M | 7.0% | 2026-Q1 |
| Triad Wealth Partners, LLC added | 273,585 | $7M | 6.8% | 2026-Q1 |
| Orion Porfolio Solutions, LLC added | 194,160 | $5M | 4.8% | 2026-Q1 |
| ATX Financial Planning, LLC added | 192,402 | $5M | 4.8% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 192,340 | $5M | 4.8% | 2026-Q1 |
| Sigma Planning Corp added | 173,818 | $5M | 4.3% | 2026-Q1 |
| Balance Wealth, LLC new | 150,758 | $4M | 3.7% | 2026-Q1 |
| Brookstone Capital Management added | 135,875 | $4M | 3.4% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 110,968 | $3M | 2.8% | 2026-Q1 |
| Signal Advisors Wealth, LLC added | 95,511 | $3M | 2.4% | 2026-Q1 |
| Maia Wealth LLC trimmed | 79,332 | $2M | 2.0% | 2026-Q1 |
| Farther Finance Advisors, LLC added | 70,318 | $2M | 1.7% | 2026-Q1 |
| Encompass More Asset Management added | 65,607 | $2M | 1.6% | 2026-Q1 |
| PLANWISER FINANCIAL, LLC added | 50,268 | $1M | 1.3% | 2026-Q1 |
| SIGNATUREFD, LLC added | 47,853 | $1M | 1.2% | 2026-Q1 |
| Sovran Advisors, LLC added | 37,451 | $990K | 0.9% | 2026-Q1 |
| Cetera Investment Advisers added | 37,390 | $986K | 0.9% | 2026-Q1 |
| Atria Investments, Inc new | 35,544 | $937K | 0.9% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 35,423 | $934K | 0.9% | 2026-Q1 |
| MORGAN STANLEY new | 34,309 | $904K | 0.9% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 29,402 | $775K | 0.7% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC new | 26,355 | $695K | 0.7% | 2026-Q1 |
| Ashton Thomas Private Wealth, LLC trimmed | 25,426 | $670K | 0.6% | 2026-Q1 |
| World Investment Advisors new | 24,525 | $646K | 0.6% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC new | 22,315 | $589K | 0.6% | 2026-Q1 |
| WEALTHGARDEN F.S. LLC added | 20,565 | $542K | 0.5% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. trimmed | 19,150 | $505K | 0.5% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 18,299 | $482K | 0.5% | 2026-Q1 |
| Merit Financial Group, LLC new | 17,541 | $462K | 0.4% | 2026-Q1 |
| Range Financial Group LLC new | 16,222 | $428K | 0.4% | 2026-Q1 |
| INDEPENDENT FINANCIAL GROUP, LLC added | 15,732 | $415K | 0.4% | 2026-Q1 |
| Focus Partners Wealth new | 14,280 | $376K | 0.4% | 2026-Q1 |
| JOURNEY RETIREMENT PLANNING & INVESTMENT MANAGEMENT LLC new | 14,169 | $373K | 0.4% | 2026-Q1 |
| SeaCrest Wealth Management, LLC | 13,250 | $349K | 0.3% | 2026-Q1 |
| Ausdal Financial Partners, Inc. new | 13,148 | $347K | 0.3% | 2026-Q1 |
| Advyzon Investment Management, LLC new | 12,930 | $341K | 0.3% | 2026-Q1 |
| Accurate Wealth Management, LLC added | 12,857 | $339K | 0.3% | 2026-Q1 |
| Inspire Advisors, LLC new | 12,223 | $322K | 0.3% | 2026-Q1 |
| NewCorp Financial Services, Inc. new | 11,263 | $297K | 0.3% | 2026-Q1 |
| BridgePort Financial Solutions, LLC added | 10,544 | $278K | 0.3% | 2026-Q1 |
| Vantage Point Financial LLC new | 9,741 | $257K | 0.2% | 2026-Q1 |
| Concurrent Investment Advisors, LLC new | 8,360 | $220K | 0.2% | 2026-Q1 |
| AE Wealth Management LLC new | 6,704 | $177K | 0.2% | 2026-Q1 |
| Legacy Wealth Managment, LLC/ID new | 6,601 | $174K | 0.2% | 2026-Q1 |
| Sound Income Strategies, LLC new | 4,353 | $115K | 0.1% | 2026-Q1 |
| RED REEF ADVISORS LLC new | 4,140 | $109K | 0.1% | 2026-Q1 |
| UBS Group AG new | 1,389 | $37K | 0.0% | 2026-Q1 |
| IFP Advisors, Inc | 50 | $1K | 0.0% | 2026-Q1 |
| Thrivent Financial for Lutherans new | 45,024 | $1M | 1.1% | 2025-Q4 stale |
| OLD MISSION CAPITAL LLC added | 11,012 | $296K | 0.3% | 2025-Q4 stale |
| Global Retirement Partners, LLC new | 607 | $16K | 0.0% | 2025-Q4 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. new | 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.