Who owns 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-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
51 tracked funds added or opened BILZ while 22 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
BILZ’s largest tracked holder by dollar value, AE Wealth Management LLC, sizes it at 0.7% of its own reported 13F book, while the median holder sizes it at 0.2% of theirs — a 0.4pp 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 2026-Q1 and 2026-Q2, across 118 tracked filers holding BILZ, 81 increased or opened the position and 46 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 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 8
- FIG FINANCIAL ADVISORY SERVICES INC /ADV$5M
- VANCE WEALTH, LLC$5M
- Asset One Wealth Management LLC$4M
- ENVESTNET ASSET MANAGEMENT INC$1M
- GTS SECURITIES LLC$1M
- Richmond Brothers, Inc.$1M
Full exits 6
- Thrivent Financial for Lutherans$10M
- Independent Advisor Alliance$3M
- Janney Montgomery Scott LLC$3M
- Financial Connections Group, Inc.$2M
- Cambridge Investment Research Advisors, Inc.$1M
- JANE STREET GROUP, LLC$797K
Largest adds
- AE Wealth Management LLC$62M
- SMART Wealth LLC$14M
- Lloyd Advisory Services, LLC.$9M
- Biltmore Wealth Management, LLC$8M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$7M
- Tower Research Capital LLC (TRC)$7M
Largest trims
- Allianz Asset Management GmbH$52M
- GOLDMAN SACHS GROUP INC$16M
- Parallel Advisors, LLC$10M
- Beacon Capital Management, LLC$7M
- CITADEL ADVISORS LLC$6M
- Delta Investment Management, LLC$6M
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 |
|---|---|---|---|---|
| AE Wealth Management LLC added | 1,399,384 | $141M | 18.0% | 2026-Q2 |
| Delta Investment Management, LLC trimmed | 559,113 | $56M | 7.2% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS trimmed | 472,404 | $48M | 6.1% | 2026-Q2 |
| Beacon Capital Management, LLC trimmed | 421,207 | $43M | 5.4% | 2026-Q2 |
| Allianz Asset Management GmbH trimmed | 405,580 | $41M | 5.2% | 2026-Q2 |
| LPL Financial LLC added | 318,743 | $32M | 4.1% | 2026-Q2 |
| Summit Financial Wealth Advisors, LLC added | 316,805 | $32M | 4.1% | 2026-Q2 |
| SMART Wealth LLC added | 287,474 | $29M | 3.7% | 2026-Q2 |
| WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC added | 284,589 | $29M | 3.7% | 2026-Q2 |
| Biltmore Wealth Management, LLC added | 263,637 | $27M | 3.4% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 229,978 | $23M | 3.0% | 2026-Q2 |
| ACCESS FINANCIAL SERVICES, INC. trimmed | 215,191 | $22M | 2.8% | 2026-Q2 |
| Authentikos Wealth Advisory, LLC added | 212,838 | $21M | 2.7% | 2026-Q2 |
| Mid-American Wealth Advisory Group, Inc. added | 177,678 | $18M | 2.3% | 2026-Q2 |
| Parallel Advisors, LLC trimmed | 138,046 | $14M | 1.8% | 2026-Q2 |
| Tower Research Capital LLC (TRC) added | 132,117 | $13M | 1.7% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 112,857 | $11M | 1.4% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 102,565 | $10M | 1.3% | 2026-Q2 |
| Lloyd Advisory Services, LLC. added | 94,845 | $10M | 1.2% | 2026-Q2 |
| Essex Financial Services, Inc. trimmed | 83,111 | $8M | 1.1% | 2026-Q2 |
| Bridgewealth Advisory Group, LLC trimmed | 69,673 | $7M | 0.9% | 2026-Q2 |
| Private Advisory Group LLC added | 66,223 | $7M | 0.8% | 2026-Q2 |
| Kooman & Associates added | 65,055 | $7M | 0.8% | 2026-Q2 |
| Aegis Wealth Management, Inc. added | 51,964 | $5M | 0.7% | 2026-Q2 |
| FIG FINANCIAL ADVISORY SERVICES INC /ADV new | 51,562 | $5M | 0.7% | 2026-Q2 |
| Wellment Financial added | 51,511 | $5M | 0.7% | 2026-Q2 |
| VANCE WEALTH, LLC new | 49,237 | $5M | 0.6% | 2026-Q2 |
| Trajan Wealth LLC trimmed | 48,646 | $5M | 0.6% | 2026-Q2 |
| POM Investment Strategies, LLC added | 45,501 | $5M | 0.6% | 2026-Q2 |
| NewEdge Advisors, LLC added | 37,742 | $4M | 0.5% | 2026-Q2 |
| Southland Equity Partners LLC added | 37,076 | $4M | 0.5% | 2026-Q2 |
| SFG Wealth Management, LLC. added | 36,999 | $4M | 0.5% | 2026-Q2 |
| Asset One Wealth Management LLC new | 35,548 | $4M | 0.5% | 2026-Q2 |
| HOWARD BAILEY SECURITIES, LLC added | 33,625 | $3M | 0.4% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 32,121 | $3M | 0.4% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 31,730 | $3M | 0.4% | 2026-Q2 |
| Addison Capital Co added | 31,348 | $3M | 0.4% | 2026-Q2 |
| OSAIC HOLDINGS, INC. trimmed | 31,102 | $3M | 0.4% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 31,035 | $3M | 0.4% | 2026-Q2 |
| Boomfish Wealth Group, LLC added | 28,428 | $3M | 0.4% | 2026-Q2 |
| Integrated Wealth Management added | 28,416 | $3M | 0.4% | 2026-Q2 |
| B.O.S.S. Retirement Advisors, LLC added | 28,047 | $3M | 0.4% | 2026-Q2 |
| ABLE Financial Group, LLC trimmed | 27,945 | $3M | 0.4% | 2026-Q2 |
| Astoria Portfolio Advisors LLC. added | 27,258 | $3M | 0.3% | 2026-Q2 |
| Legacy Capital Wealth Partners, LLC added | 26,988 | $3M | 0.3% | 2026-Q2 |
| Mutual Advisors, LLC added | 26,912 | $3M | 0.3% | 2026-Q2 |
| SEI INVESTMENTS CO added | 25,249 | $3M | 0.3% | 2026-Q2 |
| Outlook Wealth Advisors, LLC added | 24,342 | $2M | 0.3% | 2026-Q2 |
| Private Advisor Group, LLC added | 21,646 | $2M | 0.3% | 2026-Q2 |
| FWG Investments, LLC. added | 21,256 | $2M | 0.3% | 2026-Q2 |
| Elevated Capital Advisors, LLC added | 20,564 | $2M | 0.3% | 2026-Q2 |
| FSA Advisors, Inc. added | 20,260 | $2M | 0.3% | 2026-Q2 |
| Csenge Advisory Group trimmed | 19,819 | $2M | 0.3% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 19,098 | $2M | 0.2% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 18,007 | $2M | 0.2% | 2026-Q2 |
| WCG Wealth Advisors LLC added | 16,918 | $2M | 0.2% | 2026-Q2 |
| Precision Wealth Strategies, LLC trimmed | 16,857 | $2M | 0.2% | 2026-Q2 |
| TOUNJIAN ADVISORY PARTNERS, LLC added | 16,421 | $2M | 0.2% | 2026-Q2 |
| PATTEN & PATTEN INC/TN trimmed | 16,085 | $2M | 0.2% | 2026-Q2 |
| Networth Advisors, LLC added | 15,411 | $2M | 0.2% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 14,823 | $1M | 0.2% | 2026-Q2 |
| Apella Capital, LLC | 13,668 | $1M | 0.2% | 2026-Q2 |
| Centennial Advisors, LLC added | 13,124 | $1M | 0.2% | 2026-Q2 |
| GTS SECURITIES LLC trimmed | 12,286 | $1M | 0.2% | 2026-Q2 |
| Great Lakes Retirement, Inc. added | 12,232 | $1M | 0.2% | 2026-Q2 |
| Snowden Capital Advisors LLC | 11,339 | $1M | 0.1% | 2026-Q2 |
| LifeWealth Investments, LLC added | 10,907 | $1M | 0.1% | 2026-Q2 |
| Richmond Brothers, Inc. new | 10,897 | $1M | 0.1% | 2026-Q2 |
| Trek Financial, LLC added | 10,444 | $1M | 0.1% | 2026-Q2 |
| SILVERLAKE WEALTH MANAGEMENT LLC trimmed | 9,792 | $988K | 0.1% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC trimmed | 9,747 | $984K | 0.1% | 2026-Q2 |
| Sanctuary Advisors, LLC added | 9,070 | $915K | 0.1% | 2026-Q2 |
| FreeGulliver LLC trimmed | 7,959 | $803K | 0.1% | 2026-Q2 |
| Mosley Wealth Management added | 7,875 | $795K | 0.1% | 2026-Q2 |
| Base Wealth Management LLC trimmed | 7,763 | $784K | 0.1% | 2026-Q2 |
| Williams & Novak, LLC added | 7,641 | $771K | 0.1% | 2026-Q2 |
| Quest 10 Wealth Builders, Inc. added | 6,826 | $689K | 0.1% | 2026-Q2 |
| Arax Advisory Partners new | 6,175 | $623K | 0.1% | 2026-Q2 |
| Golden Reserve Retirement LLC added | 5,910 | $596K | 0.1% | 2026-Q2 |
| Stratos Wealth Partners, LTD. added | 5,818 | $587K | 0.1% | 2026-Q2 |
| Kingdom Financial Group LLC. added | 5,276 | $532K | 0.1% | 2026-Q2 |
| Blackston Financial Advisory Group, LLC added | 5,249 | $530K | 0.1% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 4,939 | $499K | 0.1% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 4,377 | $442K | 0.1% | 2026-Q2 |
| Nest Investments, LLC new | 3,978 | $402K | 0.1% | 2026-Q2 |
| Key Capital Management, INC added | 3,976 | $401K | 0.1% | 2026-Q2 |
| Founders Financial Alliance, LLC trimmed | 3,952 | $399K | 0.1% | 2026-Q2 |
| Dean, Jacobson Financial Services, LLC new | 3,864 | $390K | 0.0% | 2026-Q2 |
| ACORN FINANCIAL ADVISORY SERVICES INC /ADV trimmed | 3,769 | $380K | 0.0% | 2026-Q2 |
| COMPASS FINANCIAL MANAGEMENT LLC new | 3,729 | $376K | 0.0% | 2026-Q2 |
| Montgomery Financial Services LLC new | 3,252 | $328K | 0.0% | 2026-Q2 |
| EVOLUTION WEALTH MANAGEMENT INC. added | 3,167 | $320K | 0.0% | 2026-Q2 |
| IFG Advisory, LLC new | 2,819 | $284K | 0.0% | 2026-Q2 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC trimmed | 2,528 | $255K | 0.0% | 2026-Q2 |
| Kingsview Wealth Management, LLC trimmed | 2,474 | $250K | 0.0% | 2026-Q2 |
| StoneX Group Inc. trimmed | 2,449 | $247K | 0.0% | 2026-Q2 |
| Security Financial Services, INC. trimmed | 2,438 | $246K | 0.0% | 2026-Q2 |
| Visionary Wealth Advisors trimmed | 2,425 | $245K | 0.0% | 2026-Q2 |
| Pathstone Holdings, LLC new | 2,284 | $231K | 0.0% | 2026-Q2 |
| Coppell Advisory Solutions LLC trimmed | 15 | $283K | 0.0% | 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.