Who owns BILS
Which tracked institutional funds hold BILS, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BILS company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-19). 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
53 tracked funds added or opened BILS while 90 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
BILS’s largest tracked holder by dollar value, LPL Financial LLC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.2% of theirs — a 0.1pp gap the other way — the median holder sizes BILS more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in BILS 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 270 tracked filers holding BILS, 118 increased or opened the position and 159 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 BILS 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 6
- Capstone Wealth Management Group, Inc.$5M
- Carnegie Investment Counsel$1M
- Ducere Wealth Management LLC$849K
- GK Wealth Management LLC$772K
- Vise Technologies, Inc.$684K
- JANE STREET GROUP, LLC$603K
Full exits 17
- CWM, LLC$201M
- SoundView Advisors Inc.$26M
- HighTower Advisors, LLC$20M
- GOLDMAN SACHS GROUP INC$14M
- Independent Advisor Alliance$10M
- Cambridge Investment Research Advisors, Inc.$7M
Largest adds
- Proficio Capital Partners LLC$24M
- Integrated Wealth Concepts LLC$19M
- Sargent Investment Group, LLC$10M
- NewEdge Advisors, LLC$9M
- MERCER GLOBAL ADVISORS INC /ADV$8M
- QUADRANT CAPITAL GROUP LLC$6M
Largest trims
- AMERIPRISE FINANCIAL INC$31M
- Bell Bank$24M
- Ashton Thomas Private Wealth, LLC$10M
- WealthTrust Asset Management, LLC$9M
- RAYMOND JAMES FINANCIAL INC$9M
- CASTLEKEEP INVESTMENT ADVISORS LLC$7M
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 |
|---|---|---|---|---|
| LPL Financial LLC trimmed | 3,632,375 | $361M | 16.7% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 1,297,697 | $129M | 6.0% | 2026-Q2 |
| Miller Investment Management, LP trimmed | 1,225,012 | $122M | 5.6% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 1,107,907 | $110M | 5.1% | 2026-Q2 |
| Sargent Investment Group, LLC added | 648,966 | $64M | 3.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 623,564 | $62M | 2.9% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 603,234 | $60M | 2.8% | 2026-Q2 |
| Proficio Capital Partners LLC added | 529,889 | $53M | 2.4% | 2026-Q2 |
| MORGAN STANLEY trimmed | 443,633 | $44M | 2.0% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 430,339 | $43M | 2.0% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 405,452 | $40M | 1.9% | 2026-Q2 |
| UBS Group AG trimmed | 363,144 | $36M | 1.7% | 2026-Q2 |
| Bell Bank trimmed | 362,045 | $36M | 1.7% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 360,487 | $36M | 1.7% | 2026-Q2 |
| Marshall Financial Group, LLC trimmed | 353,625 | $35M | 1.6% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 345,930 | $34M | 1.6% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 336,542 | $33M | 1.6% | 2026-Q2 |
| One Day In July LLC added | 329,361 | $33M | 1.5% | 2026-Q2 |
| Cetera Investment Advisers added | 277,582 | $28M | 1.3% | 2026-Q2 |
| Ashton Thomas Private Wealth, LLC trimmed | 262,178 | $26M | 1.2% | 2026-Q2 |
| PECAUT & CO. added | 259,692 | $26M | 1.2% | 2026-Q2 |
| Asset One Wealth Management LLC added | 253,471 | $25M | 1.2% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC trimmed | 244,530 | $24M | 1.1% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 239,546 | $24M | 1.1% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 237,485 | $24M | 1.1% | 2026-Q2 |
| Peak Asset Management, LLC added | 224,499 | $22M | 1.0% | 2026-Q2 |
| Kera Capital Partners, Inc. trimmed | 223,630 | $22M | 1.0% | 2026-Q2 |
| AlphaCore Capital LLC trimmed | 214,341 | $21M | 1.0% | 2026-Q2 |
| Cerity Partners LLC trimmed | 212,665 | $21M | 1.0% | 2026-Q2 |
| Horizon Family Wealth, Inc. added | 210,314 | $21M | 1.0% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 197,623 | $20M | 0.9% | 2026-Q2 |
| HighPoint Advisor Group LLC added | 193,985 | $19M | 0.9% | 2026-Q2 |
| NewEdge Advisors, LLC trimmed | 185,409 | $18M | 0.9% | 2026-Q2 |
| CWA Asset Management Group, LLC trimmed | 184,858 | $18M | 0.9% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 181,292 | $18M | 0.8% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 168,695 | $17M | 0.8% | 2026-Q2 |
| Birchcreek Wealth Management, LLC added | 163,150 | $16M | 0.8% | 2026-Q2 |
| Pacific Sage Partners, LLC added | 158,075 | $16M | 0.7% | 2026-Q2 |
| MOKAN Wealth Management Inc. added | 145,546 | $14M | 0.7% | 2026-Q2 |
| Treasure Coast Financial Planning added | 143,209 | $14M | 0.7% | 2026-Q2 |
| Focus Partners Wealth trimmed | 139,796 | $14M | 0.6% | 2026-Q2 |
| DBK Financial Counsel, LLC trimmed | 132,170 | $13M | 0.6% | 2026-Q2 |
| PROMETHIUM ADVISORS,LLC trimmed | 131,967 | $13M | 0.6% | 2026-Q2 |
| Delos Wealth Advisors, LLC added | 127,056 | $13M | 0.6% | 2026-Q2 |
| Equitable Holdings, Inc. trimmed | 119,241 | $12M | 0.5% | 2026-Q2 |
| Ameritas Advisory Services, LLC added | 113,920 | $11M | 0.5% | 2026-Q2 |
| PARTNERS CAPITAL INVESTMENT GROUP, LLP trimmed | 113,143 | $11M | 0.5% | 2026-Q2 |
| LaSalle St. Investment Advisors, LLC trimmed | 112,959 | $11M | 0.5% | 2026-Q2 |
| Fortis Group Advisors, LLC added | 109,475 | $11M | 0.5% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC trimmed | 102,348 | $10M | 0.5% | 2026-Q2 |
| Anson Capital, Inc. trimmed | 101,141 | $10M | 0.5% | 2026-Q2 |
| NDWM LLC trimmed | 98,197 | $10M | 0.5% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 94,191 | $9M | 0.4% | 2026-Q2 |
| Valmark Advisers, Inc. added | 86,277 | $9M | 0.4% | 2026-Q2 |
| O'ROURKE & COMPANY, Inc trimmed | 77,724 | $8M | 0.4% | 2026-Q2 |
| Quantinno Capital Management LP added | 75,761 | $8M | 0.3% | 2026-Q2 |
| Farther Finance Advisors, LLC trimmed | 71,451 | $7M | 0.3% | 2026-Q2 |
| Private Advisor Group, LLC added | 67,817 | $7M | 0.3% | 2026-Q2 |
| Carr Financial Group Corp added | 66,140 | $7M | 0.3% | 2026-Q2 |
| QUADRANT CAPITAL GROUP LLC trimmed | 65,709 | $7M | 0.3% | 2026-Q2 |
| Concurrent Investment Advisors, LLC added | 65,179 | $6M | 0.3% | 2026-Q2 |
| Procyon Advisors, LLC trimmed | 64,801 | $6M | 0.3% | 2026-Q2 |
| CALTON & ASSOCIATES, INC. trimmed | 64,106 | $6M | 0.3% | 2026-Q2 |
| Samara Investment Management, LLC trimmed | 61,803 | $6M | 0.3% | 2026-Q2 |
| Total Clarity Wealth Management, Inc. trimmed | 58,374 | $6M | 0.3% | 2026-Q2 |
| CASTLEKEEP INVESTMENT ADVISORS LLC trimmed | 58,289 | $6M | 0.3% | 2026-Q2 |
| Csenge Advisory Group added | 57,445 | $6M | 0.3% | 2026-Q2 |
| Choate Investment Advisors trimmed | 55,232 | $5M | 0.3% | 2026-Q2 |
| INDEPENDENT FINANCIAL GROUP, LLC added | 53,418 | $5M | 0.2% | 2026-Q2 |
| Altiora Financial Group, LLC trimmed | 52,463 | $5M | 0.2% | 2026-Q2 |
| Tower Research Capital LLC (TRC) trimmed | 52,269 | $5M | 0.2% | 2026-Q2 |
| EP Wealth Advisors, LLC added | 52,218 | $5M | 0.2% | 2026-Q2 |
| Capstone Wealth Management Group, Inc. new | 47,846 | $5M | 0.2% | 2026-Q2 |
| Advisory Services Network, LLC trimmed | 47,222 | $5M | 0.2% | 2026-Q2 |
| Waldron Private Wealth LLC trimmed | 46,581 | $5M | 0.2% | 2026-Q2 |
| Wealthcare Advisory Partners LLC added | 45,054 | $4M | 0.2% | 2026-Q2 |
| HM PAYSON & CO trimmed | 43,282 | $4M | 0.2% | 2026-Q2 |
| Hibernia Wealth Partners, LLC trimmed | 42,906 | $4M | 0.2% | 2026-Q2 |
| ENTREWEALTH, LLC trimmed | 42,827 | $4M | 0.2% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 41,134 | $4M | 0.2% | 2026-Q2 |
| Pine Valley Investments Ltd Liability Co trimmed | 40,770 | $4M | 0.2% | 2026-Q2 |
| Atria Investments, Inc trimmed | 40,402 | $4M | 0.2% | 2026-Q2 |
| Carrera Capital Advisors trimmed | 38,849 | $4M | 0.2% | 2026-Q2 |
| Stratos Wealth Partners, LTD. trimmed | 38,670 | $4M | 0.2% | 2026-Q2 |
| Tidal Investments LLC trimmed | 37,183 | $4M | 0.2% | 2026-Q2 |
| OakTrust Wealth Advisors, LLC trimmed | 35,499 | $4M | 0.2% | 2026-Q2 |
| Prosperity Consulting Group, LLC trimmed | 34,759 | $3M | 0.2% | 2026-Q2 |
| Essex Financial Services, Inc. added | 33,795 | $3M | 0.2% | 2026-Q2 |
| STEPHENS INC /AR/ trimmed | 33,735 | $3M | 0.2% | 2026-Q2 |
| Stratos Wealth Advisors, LLC trimmed | 33,271 | $3M | 0.2% | 2026-Q2 |
| Western Wealth Management, LLC trimmed | 32,741 | $3M | 0.2% | 2026-Q2 |
| Kestra Advisory Services, LLC trimmed | 32,730 | $3M | 0.2% | 2026-Q2 |
| IEQ CAPITAL, LLC added | 32,008 | $3M | 0.1% | 2026-Q2 |
| Portland Global Advisors LLC trimmed | 31,429 | $3M | 0.1% | 2026-Q2 |
| Advisor Resource Council trimmed | 30,375 | $3M | 0.1% | 2026-Q2 |
| Onyx Bridge Wealth Group LLC trimmed | 29,969 | $3M | 0.1% | 2026-Q2 |
| GUIDANCE CAPITAL, INC added | 28,298 | $3M | 0.1% | 2026-Q2 |
| Sanctuary Advisors, LLC added | 28,273 | $3M | 0.1% | 2026-Q2 |
| WealthTrust Asset Management, LLC trimmed | 28,192 | $3M | 0.1% | 2026-Q2 |
| Beacon Capital Management, Inc. trimmed | 27,231 | $3M | 0.1% | 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.