Who owns BIL
Which tracked institutional funds hold BIL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BIL company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-24). 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
328 tracked funds added or opened BIL while 438 trimmed or exited it between 2026-Q1 and 2026-Q2 — 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
BIL’s largest tracked holder by dollar value, MORGAN STANLEY, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.7% of theirs — a 0.5pp gap the other way — the median holder sizes BIL more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in BIL 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 1253 tracked filers holding BIL, 581 increased or opened the position and 763 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 BIL 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 53
- Bitwise Funds Trust$23M
- Estate Counselors, LLC$21M
- Global Retirement Partners, LLC$21M
- Perissos Private Wealth Management, LLC$13M
- IFG Advisory, LLC$11M
- MinichMacGregor Wealth Management, LLC$10M
Full exits 86
- Cambridge Investment Research Advisors, Inc.$243M
- CWM, LLC$241M
- Counterpoint Mutual Funds LLC$202M
- Richard Bernstein Advisors LLC$146M
- Janney Montgomery Scott LLC$54M
- Acorns Advisers, LLC$54M
Largest adds
- Impact Partnership Wealth, LLC$138M
- Capital Wealth Planning, LLC$91M
- Permanens Capital L.P.$72M
- UBS Group AG$71M
- STIFEL FINANCIAL CORP$53M
- AQR CAPITAL MANAGEMENT LLC$51M
Largest trims
- Howard Capital Management, LLC$1.1B
- 3EDGE Asset Management, LP$283M
- ENVESTNET ASSET MANAGEMENT INC$239M
- BANK OF AMERICA CORP /DE/$217M
- Horizon Investments, LLC$180M
- AMERIPRISE FINANCIAL INC$149M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| MORGAN STANLEY trimmed | 29,155,721 | $2.7B | 14.1% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 16,503,919 | $1.5B | 8.0% | 2026-Q2 |
| LPL Financial LLC trimmed | 15,528,204 | $1.4B | 7.5% | 2026-Q2 |
| UBS Group AG added | 9,070,949 | $831M | 4.4% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 8,400,726 | $770M | 4.1% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 7,879,830 | $722M | 3.8% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 5,550,817 | $509M | 2.7% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 5,372,088 | $492M | 2.6% | 2026-Q2 |
| Capital Wealth Planning, LLC added | 4,976,098 | $456M | 2.4% | 2026-Q2 |
| 3EDGE Asset Management, LP trimmed | 4,705,270 | $431M | 2.3% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 4,690,811 | $430M | 2.3% | 2026-Q2 |
| ASSETMARK, INC trimmed | 4,600,259 | $422M | 2.2% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 4,581,240 | $420M | 2.2% | 2026-Q2 |
| IEQ CAPITAL, LLC trimmed | 4,256,087 | $390M | 2.1% | 2026-Q2 |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. added | 3,645,961 | $334M | 1.8% | 2026-Q2 |
| Capital International Investors added | 3,379,631 | $310M | 1.6% | 2026-Q2 |
| WESTWOOD HOLDINGS GROUP INC trimmed | 3,300,147 | $302M | 1.6% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS trimmed | 3,263,555 | $299M | 1.6% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 2,856,988 | $262M | 1.4% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 2,449,046 | $224M | 1.2% | 2026-Q2 |
| OPPENHEIMER ASSET MANAGEMENT INC. trimmed | 2,193,155 | $201M | 1.1% | 2026-Q2 |
| Composition Wealth, LLC added | 2,168,459 | $199M | 1.0% | 2026-Q2 |
| Ashton Thomas Private Wealth, LLC added | 2,150,273 | $197M | 1.0% | 2026-Q2 |
| AGF MANAGEMENT LTD trimmed | 1,982,472 | $182M | 1.0% | 2026-Q2 |
| MONETA GROUP INVESTMENT ADVISORS LLC added | 1,924,690 | $176M | 0.9% | 2026-Q2 |
| Permanens Capital L.P. added | 1,777,681 | $163M | 0.9% | 2026-Q2 |
| Impact Partnership Wealth, LLC added | 1,688,043 | $155M | 0.8% | 2026-Q2 |
| Equitable Holdings, Inc. added | 1,668,884 | $153M | 0.8% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 1,567,069 | $144M | 0.8% | 2026-Q2 |
| MBL Wealth, LLC added | 1,518,042 | $139M | 0.7% | 2026-Q2 |
| Creative Planning trimmed | 1,389,067 | $127M | 0.7% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 1,306,951 | $120M | 0.6% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 1,193,558 | $109M | 0.6% | 2026-Q2 |
| Dakota Wealth Management trimmed | 1,137,302 | $104M | 0.5% | 2026-Q2 |
| SPROTT INC. added | 1,100,998 | $101M | 0.5% | 2026-Q2 |
| Sandhill Capital Partners LLC trimmed | 1,093,403 | $100M | 0.5% | 2026-Q2 |
| First Eagle Investment Management, LLC trimmed | 1,077,155 | $99M | 0.5% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 1,076,208 | $99M | 0.5% | 2026-Q2 |
| ArrowMark Colorado Holdings LLC trimmed | 982,494 | $90M | 0.5% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 951,255 | $87M | 0.5% | 2026-Q2 |
| CITIGROUP INC added | 919,624 | $84M | 0.4% | 2026-Q2 |
| Private Advisor Group, LLC trimmed | 881,426 | $81M | 0.4% | 2026-Q2 |
| Foundations Investment Advisors, LLC trimmed | 841,692 | $77M | 0.4% | 2026-Q2 |
| AXXCESS WEALTH MANAGEMENT, LLC trimmed | 830,390 | $76M | 0.4% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 786,316 | $72M | 0.4% | 2026-Q2 |
| Baird Financial Group, Inc. added | 727,796 | $67M | 0.4% | 2026-Q2 |
| Verdence Capital Advisors LLC added | 724,608 | $66M | 0.3% | 2026-Q2 |
| Marex Group Ltd added | 704,593 | $65M | 0.3% | 2026-Q2 |
| Howard Capital Management, LLC trimmed | 698,509 | $64M | 0.3% | 2026-Q2 |
| Mariner, LLC trimmed | 681,629 | $62M | 0.3% | 2026-Q2 |
| Atria Investments, Inc trimmed | 679,771 | $62M | 0.3% | 2026-Q2 |
| Merit Financial Group, LLC added | 677,106 | $62M | 0.3% | 2026-Q2 |
| Brookstone Capital Management trimmed | 662,930 | $61M | 0.3% | 2026-Q2 |
| Capital Asset Advisory Services LLC added | 654,789 | $60M | 0.3% | 2026-Q2 |
| Proficio Capital Partners LLC added | 641,290 | $59M | 0.3% | 2026-Q2 |
| Focus Partners Wealth added | 636,167 | $58M | 0.3% | 2026-Q2 |
| OPPENHEIMER & CO INC added | 630,717 | $58M | 0.3% | 2026-Q2 |
| Jefferies Financial Group Inc. added | 615,651 | $56M | 0.3% | 2026-Q2 |
| Mirae Asset Global Investments Co., Ltd. trimmed | 613,230 | $56M | 0.3% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 603,390 | $55M | 0.3% | 2026-Q2 |
| Quantinno Capital Management LP added | 600,968 | $55M | 0.3% | 2026-Q2 |
| Advisory Services Network, LLC added | 590,260 | $54M | 0.3% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 588,856 | $54M | 0.3% | 2026-Q2 |
| 12th Street Asset Management Company, LLC added | 562,486 | $52M | 0.3% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 560,868 | $51M | 0.3% | 2026-Q2 |
| Northstar Group, Inc. added | 557,601 | $51M | 0.3% | 2026-Q2 |
| Capital Investment Advisory Services, LLC trimmed | 550,727 | $50M | 0.3% | 2026-Q2 |
| Salomon & Ludwin, LLC added | 539,532 | $49M | 0.3% | 2026-Q2 |
| Relyea Zuckerberg Hanson LLC added | 527,732 | $48M | 0.3% | 2026-Q2 |
| McGuire Investment Group, LLC added | 517,151 | $47M | 0.2% | 2026-Q2 |
| Perigon Wealth Management, LLC trimmed | 509,900 | $47M | 0.2% | 2026-Q2 |
| HERITAGE OAK WEALTH ADVISORS LLC added | 507,570 | $47M | 0.2% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 500,304 | $46M | 0.2% | 2026-Q2 |
| &PARTNERS added | 500,157 | $46M | 0.2% | 2026-Q2 |
| Encompass More Asset Management added | 498,380 | $46M | 0.2% | 2026-Q2 |
| Portside Wealth Group, LLC trimmed | 496,763 | $46M | 0.2% | 2026-Q2 |
| Ausdal Financial Partners, Inc. added | 494,011 | $45M | 0.2% | 2026-Q2 |
| Apriem Advisors added | 486,811 | $45M | 0.2% | 2026-Q2 |
| Second Half Financial Partners, LLC | 469,315 | $43M | 0.2% | 2026-Q2 |
| Barry Investment Advisors, LLC added | 468,582 | $43M | 0.2% | 2026-Q2 |
| Sollinda Capital Management LLC trimmed | 468,486 | $43M | 0.2% | 2026-Q2 |
| EP Wealth Advisors, LLC added | 462,954 | $42M | 0.2% | 2026-Q2 |
| Trivium Point Advisory, LLC added | 458,902 | $42M | 0.2% | 2026-Q2 |
| Gradient Investments LLC added | 457,506 | $42M | 0.2% | 2026-Q2 |
| Capital World Investors trimmed | 446,094 | $41M | 0.2% | 2026-Q2 |
| Cresset Asset Management, LLC trimmed | 440,741 | $40M | 0.2% | 2026-Q2 |
| DIMENSION CAPITAL MANAGEMENT LLC trimmed | 431,114 | $40M | 0.2% | 2026-Q2 |
| D.A. DAVIDSON & CO. trimmed | 430,788 | $39M | 0.2% | 2026-Q2 |
| Pacific Point Advisors, LLC added | 418,822 | $38M | 0.2% | 2026-Q2 |
| Concurrent Investment Advisors, LLC trimmed | 409,487 | $38M | 0.2% | 2026-Q2 |
| Teamwork Financial Advisors, LLC added | 405,781 | $37M | 0.2% | 2026-Q2 |
| One Capital Management, LLC | 404,120 | $37M | 0.2% | 2026-Q2 |
| RFG Advisory, LLC added | 395,879 | $36M | 0.2% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP trimmed | 392,492 | $36M | 0.2% | 2026-Q2 |
| Gotham Asset Management, LLC trimmed | 387,141 | $35M | 0.2% | 2026-Q2 |
| Twelve Points Wealth Management LLC trimmed | 383,913 | $35M | 0.2% | 2026-Q2 |
| EverSource Wealth Advisors, LLC added | 382,859 | $35M | 0.2% | 2026-Q2 |
| McNamara Financial Services, Inc. added | 382,700 | $35M | 0.2% | 2026-Q2 |
| Sicart Associates LLC trimmed | 381,182 | $35M | 0.2% | 2026-Q2 |
| Randolph Co Inc trimmed | 379,938 | $35M | 0.2% | 2026-Q2 |
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.