Who owns BNDI
Which tracked institutional funds hold BNDI, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BNDI company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 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 BNDI is one-sided between 2025-Q4 and 2026-Q1: 4 added or opened and 0 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
BNDI’s largest tracked holder by dollar value, Retirement Planning Group, LLC, sizes it at 2.9% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 2.9pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in BNDI 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 30 tracked filers holding BNDI, 24 increased or opened the position and 11 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 BNDI 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 2
- PREVAIL INNOVATIVE WEALTH ADVISORS, LLC$2M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$1M
Largest adds
- Retirement Planning Group, LLC$12M
- LPL Financial LLC$800K
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 |
|---|---|---|---|---|
| Retirement Planning Group, LLC added | 2,012,440 | $95M | 77.0% | 2026-Q1 |
| LPL Financial LLC added | 141,920 | $7M | 5.4% | 2026-Q1 |
| Carter Financial Group, INC. added | 99,917 | $5M | 3.8% | 2026-Q1 |
| PREVAIL INNOVATIVE WEALTH ADVISORS, LLC new | 42,304 | $2M | 1.6% | 2026-Q1 |
| Camarda Financial Advisors, LLC added | 29,665 | $1M | 1.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP new | 29,361 | $1M | 1.1% | 2026-Q1 |
| Compound Planning, Inc. trimmed | 24,840 | $1M | 1.0% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 20,193 | $953K | 0.8% | 2026-Q1 |
| Signal Advisors Wealth, LLC added | 19,295 | $911K | 0.7% | 2026-Q1 |
| HighTower Advisors, LLC added | 19,064 | $900K | 0.7% | 2026-Q1 |
| Clearstead Advisors, LLC added | 17,502 | $826K | 0.7% | 2026-Q1 |
| Coastal Bridge Advisors, LLC trimmed | 14,005 | $661K | 0.5% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 13,639 | $644K | 0.5% | 2026-Q1 |
| Berger Financial Group, Inc added | 11,835 | $559K | 0.5% | 2026-Q1 |
| MADDEN SECURITIES Corp added | 9,242 | $436K | 0.4% | 2026-Q1 |
| FSA Advisors, Inc. new | 7,948 | $375K | 0.3% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC new | 6,597 | $311K | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 5,421 | $256K | 0.2% | 2026-Q1 |
| CWM, LLC added | 5,399 | $255K | 0.2% | 2026-Q1 |
| Navis Wealth Advisors, LLC added | 5,119 | $242K | 0.2% | 2026-Q1 |
| PRIVATE TRUST CO NA | 4,305 | $203K | 0.2% | 2026-Q1 |
| Capital Analysts, LLC added | 1,296 | $61K | 0.0% | 2026-Q1 |
| Farther Finance Advisors, LLC new | 1,282 | $60K | 0.0% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 676 | $32K | 0.0% | 2026-Q1 |
| CoreCap Advisors, LLC added | 312 | $15K | 0.0% | 2026-Q1 |
| NewEdge Advisors, LLC new | 12,024 | $12K | 0.0% | 2026-Q1 |
| DHJJ Financial Advisors, Ltd. | 55 | $3K | 0.0% | 2026-Q1 |
| UBS Group AG trimmed | 14 | $661 | 0.0% | 2026-Q1 |
| MORGAN STANLEY added | 2 | $99 | 0.0% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 1 | $37 | 0.0% | 2026-Q1 |
| NAPA WEALTH MANAGEMENT trimmed | 13,945 | $657K | 0.5% | 2025-Q1 stale |
| OLD MISSION CAPITAL LLC added | 11,086 | $525K | 0.4% | 2025-Q2 stale |
| ONE PLUS ONE WEALTH MANAGEMENT, LLC new | 10,531 | $501K | 0.4% | 2025-Q3 stale |
| SIGNATURE ESTATE & INVESTMENT ADVISORS LLC new | 9,529 | $453K | 0.4% | 2025-Q4 stale |
| Orion Porfolio Solutions, LLC new | 9,021 | $429K | 0.3% | 2025-Q4 stale |
| Brookstone Capital Management added | 7,058 | $334K | 0.3% | 2025-Q2 stale |
| INDEPENDENT FINANCIAL GROUP, LLC new | 4,677 | $222K | 0.2% | 2025-Q4 stale |
| Global Retirement Partners, LLC added | 2,837 | $135K | 0.1% | 2025-Q4 stale |
| Kestra Advisory Services, LLC new | 526 | $25K | 0.0% | 2025-Q4 stale |
| TUCKER ASSET MANAGEMENT LLC new | 238 | $11K | 0.0% | 2025-Q4 stale |
| Parallel Advisors, LLC new | 74 | $4K | 0.0% | 2025-Q2 stale |
| RAYMOND JAMES FINANCIAL INC new | 47 | $2K | 0.0% | 2025-Q2 stale |
| FMR LLC new | 1 | $47 | 0.0% | 2025-Q1 stale |
| JONES FINANCIAL COMPANIES LLLP trimmed | 0 | — | 0.0% | 2025-Q4 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 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.