Who owns BILZ (BILZ)
Which tracked institutional funds hold BILZ, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BILZ company fundamentals →
Ownership as of the 2026-Q1 13F filings. 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
36 tracked funds added or opened BILZ while 29 trimmed or exited it between 2025-Q4 and 2026-Q1 — 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
BILZ’s largest tracked holder by dollar value, Allianz Asset Management GmbH, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in BILZ 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 113 tracked filers holding BILZ, 62 increased or opened the position and 56 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 BILZ 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 10
- Tower Research Capital LLC (TRC)$7M
- SFG Wealth Management, LLC.$4M
- Independent Advisor Alliance$3M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$3M
- POM Investment Strategies, LLC$2M
- SEI INVESTMENTS CO$1M
Full exits 2
- FLOW TRADERS U.S. LLC$5M
- Golden Reserve Retirement LLC$500K
Largest adds
- Delta Investment Management, LLC$61M
- GOLDMAN SACHS GROUP INC$20M
- Biltmore Wealth Management, LLC$18M
- Authentikos Wealth Advisory, LLC$16M
- SMART Wealth LLC$14M
- Parallel Advisors, LLC$11M
Largest trims
- AE Wealth Management LLC$22M
- CAPTRUST FINANCIAL ADVISORS$19M
- Beacon Capital Management, LLC$11M
- JANE STREET GROUP, LLC$4M
- Lloyd Advisory Services, LLC.$4M
- Csenge Advisory Group$3M
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 Asset Management GmbH trimmed | 924,125 | $93M | 11.8% | 2026-Q1 |
| AE Wealth Management LLC trimmed | 781,091 | $79M | 10.0% | 2026-Q1 |
| Delta Investment Management, LLC added | 615,577 | $62M | 7.9% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS trimmed | 526,259 | $53M | 6.7% | 2026-Q1 |
| Beacon Capital Management, LLC trimmed | 486,666 | $49M | 6.2% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 386,892 | $39M | 5.0% | 2026-Q1 |
| LPL Financial LLC added | 315,642 | $32M | 4.0% | 2026-Q1 |
| Summit Financial Wealth Advisors, LLC added | 302,867 | $31M | 3.9% | 2026-Q1 |
| WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC added | 279,132 | $28M | 3.6% | 2026-Q1 |
| Parallel Advisors, LLC added | 240,238 | $24M | 3.1% | 2026-Q1 |
| ACCESS FINANCIAL SERVICES, INC. added | 234,391 | $24M | 3.0% | 2026-Q1 |
| Authentikos Wealth Advisory, LLC added | 206,512 | $21M | 2.6% | 2026-Q1 |
| Biltmore Wealth Management, LLC added | 183,421 | $19M | 2.3% | 2026-Q1 |
| SMART Wealth LLC added | 152,564 | $15M | 2.0% | 2026-Q1 |
| Mid-American Wealth Advisory Group, Inc. | 128,222 | $13M | 1.6% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 108,517 | $11M | 1.4% | 2026-Q1 |
| Thrivent Financial for Lutherans added | 100,551 | $10M | 1.3% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 95,846 | $10M | 1.2% | 2026-Q1 |
| Essex Financial Services, Inc. added | 87,980 | $9M | 1.1% | 2026-Q1 |
| Bridgewealth Advisory Group, LLC trimmed | 72,332 | $7M | 0.9% | 2026-Q1 |
| Tower Research Capital LLC (TRC) new | 65,648 | $7M | 0.8% | 2026-Q1 |
| Private Advisory Group LLC added | 64,617 | $7M | 0.8% | 2026-Q1 |
| Kooman & Associates trimmed | 63,593 | $6M | 0.8% | 2026-Q1 |
| Trajan Wealth LLC trimmed | 54,331 | $5M | 0.7% | 2026-Q1 |
| ABLE Financial Group, LLC added | 53,059 | $5M | 0.7% | 2026-Q1 |
| Aegis Wealth Management, Inc. trimmed | 44,682 | $5M | 0.6% | 2026-Q1 |
| SFG Wealth Management, LLC. new | 35,080 | $4M | 0.4% | 2026-Q1 |
| Southland Equity Partners LLC added | 34,265 | $3M | 0.4% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 32,523 | $3M | 0.4% | 2026-Q1 |
| Independent Advisor Alliance added | 30,792 | $3M | 0.4% | 2026-Q1 |
| Farther Finance Advisors, LLC added | 30,689 | $3M | 0.4% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 29,818 | $3M | 0.4% | 2026-Q1 |
| Janney Montgomery Scott LLC trimmed | 29,693 | $3M | 0.4% | 2026-Q1 |
| Addison Capital Co added | 27,863 | $3M | 0.4% | 2026-Q1 |
| Legacy Capital Wealth Partners, LLC added | 26,959 | $3M | 0.3% | 2026-Q1 |
| Csenge Advisory Group trimmed | 23,493 | $2M | 0.3% | 2026-Q1 |
| Precision Wealth Strategies, LLC added | 23,470 | $2M | 0.3% | 2026-Q1 |
| Boomfish Wealth Group, LLC added | 20,496 | $2M | 0.3% | 2026-Q1 |
| Wellment Financial trimmed | 19,862 | $2M | 0.3% | 2026-Q1 |
| Integrated Wealth Concepts LLC added | 19,570 | $2M | 0.3% | 2026-Q1 |
| POM Investment Strategies, LLC added | 17,907 | $2M | 0.2% | 2026-Q1 |
| Astoria Portfolio Advisors LLC. added | 17,538 | $2M | 0.2% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC added | 16,784 | $2M | 0.2% | 2026-Q1 |
| PATTEN & PATTEN INC/TN trimmed | 16,181 | $2M | 0.2% | 2026-Q1 |
| WCG Wealth Advisors LLC added | 16,085 | $2M | 0.2% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 15,156 | $2M | 0.2% | 2026-Q1 |
| Financial Connections Group, Inc. added | 15,068 | $2M | 0.2% | 2026-Q1 |
| SEI INVESTMENTS CO added | 14,761 | $1M | 0.2% | 2026-Q1 |
| Apella Capital, LLC new | 13,668 | $1M | 0.2% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 13,441 | $1M | 0.2% | 2026-Q1 |
| FreeGulliver LLC added | 12,959 | $1M | 0.2% | 2026-Q1 |
| Elevated Capital Advisors, LLC trimmed | 12,437 | $1M | 0.2% | 2026-Q1 |
| HOWARD BAILEY SECURITIES, LLC trimmed | 12,284 | $1M | 0.2% | 2026-Q1 |
| Snowden Capital Advisors LLC trimmed | 11,339 | $1M | 0.1% | 2026-Q1 |
| SILVERLAKE WEALTH MANAGEMENT LLC added | 11,292 | $1M | 0.1% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 10,836 | $1M | 0.1% | 2026-Q1 |
| Integrated Wealth Management trimmed | 10,208 | $1M | 0.1% | 2026-Q1 |
| Outlook Wealth Advisors, LLC trimmed | 10,120 | $1M | 0.1% | 2026-Q1 |
| Trek Financial, LLC trimmed | 9,910 | $1M | 0.1% | 2026-Q1 |
| Base Wealth Management LLC trimmed | 8,123 | $820K | 0.1% | 2026-Q1 |
| Private Advisor Group, LLC added | 7,957 | $803K | 0.1% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 7,889 | $797K | 0.1% | 2026-Q1 |
| FSA Advisors, Inc. trimmed | 7,662 | $774K | 0.1% | 2026-Q1 |
| Williams & Novak, LLC new | 7,061 | $711K | 0.1% | 2026-Q1 |
| Great Lakes Retirement, Inc. trimmed | 6,634 | $670K | 0.1% | 2026-Q1 |
| FWG Investments, LLC. trimmed | 6,429 | $649K | 0.1% | 2026-Q1 |
| Networth Advisors, LLC trimmed | 6,124 | $618K | 0.1% | 2026-Q1 |
| Mutual Advisors, LLC new | 6,117 | $618K | 0.1% | 2026-Q1 |
| ACORN FINANCIAL ADVISORY SERVICES INC /ADV new | 5,934 | $599K | 0.1% | 2026-Q1 |
| Founders Financial Alliance, LLC added | 5,888 | $594K | 0.1% | 2026-Q1 |
| B.O.S.S. Retirement Advisors, LLC trimmed | 5,155 | $521K | 0.1% | 2026-Q1 |
| Stratos Wealth Partners, LTD. trimmed | 4,865 | $491K | 0.1% | 2026-Q1 |
| Kestra Advisory Services, LLC trimmed | 4,797 | $484K | 0.1% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 4,543 | $459K | 0.1% | 2026-Q1 |
| TOUNJIAN ADVISORY PARTNERS, LLC trimmed | 4,336 | $438K | 0.1% | 2026-Q1 |
| Sanctuary Advisors, LLC new | 4,102 | $414K | 0.1% | 2026-Q1 |
| Centennial Advisors, LLC trimmed | 4,076 | $412K | 0.1% | 2026-Q1 |
| CARY STREET PARTNERS FINANCIAL LLC added | 3,775 | $381K | 0.0% | 2026-Q1 |
| BROWN ADVISORY INC trimmed | 3,430 | $346K | 0.0% | 2026-Q1 |
| Visionary Wealth Advisors trimmed | 3,222 | $325K | 0.0% | 2026-Q1 |
| LifeWealth Investments, LLC trimmed | 3,221 | $325K | 0.0% | 2026-Q1 |
| Key Capital Management, INC trimmed | 3,105 | $314K | 0.0% | 2026-Q1 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC trimmed | 2,953 | $298K | 0.0% | 2026-Q1 |
| Lodestone Wealth Management LLC trimmed | 2,891 | $292K | 0.0% | 2026-Q1 |
| EVOLUTION WEALTH MANAGEMENT INC. trimmed | 2,773 | $280K | 0.0% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC new | 213,900 | $22M | 2.7% | 2025-Q1 stale |
| FMR LLC added | 126,582 | $13M | 1.6% | 2025-Q1 stale |
| FLOW TRADERS U.S. LLC added | 48,322 | $5M | 0.6% | 2025-Q4 stale |
| GTS SECURITIES LLC trimmed | 19,156 | $2M | 0.2% | 2025-Q3 stale |
| Chicago Capital, LLC | 8,280 | $838K | 0.1% | 2025-Q2 stale |
| Cerity Partners LLC new | 5,000 | $506K | 0.1% | 2025-Q1 stale |
| Golden Reserve Retirement LLC added | 4,967 | $500K | 0.1% | 2025-Q4 stale |
| Brookstone Capital Management trimmed | 4,717 | $477K | 0.1% | 2025-Q3 stale |
| Atria Investments, Inc trimmed | 4,522 | $458K | 0.1% | 2025-Q3 stale |
| First Heartland Consultants, Inc. trimmed | 4,522 | $458K | 0.1% | 2025-Q3 stale |
| Watts Gwilliam & Co., LLC | 4,427 | $448K | 0.1% | 2025-Q3 stale |
| Kingsview Wealth Management, LLC trimmed | 3,771 | $382K | 0.0% | 2025-Q1 stale |
| Equitable Holdings, Inc. added | 3,707 | $374K | 0.0% | 2025-Q4 stale |
| Mariner, LLC trimmed | 3,371 | $341K | 0.0% | 2025-Q3 stale |
| Old North State Trust, LLC new | 2,697 | $272K | 0.0% | 2025-Q4 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.