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-Q2 13F filings (latest filed 2026-08-17). 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
3 tracked funds added or opened BNDI while 8 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
BNDI’s largest tracked holder by dollar value, Retirement Planning Group, LLC, sizes it at 2.7% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 2.7pp 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 2026-Q1 and 2026-Q2, across 29 tracked filers holding BNDI, 20 increased or opened the position and 17 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 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 1
- ENVESTNET ASSET MANAGEMENT INC$3M
Full exits 4
- PREVAIL INNOVATIVE WEALTH ADVISORS, LLC$2M
- Signal Advisors Wealth, LLC$911K
- HighTower Advisors, LLC$900K
- Cambridge Investment Research Advisors, Inc.$644K
Largest adds
- Retirement Planning Group, LLC$11M
- NewEdge Advisors, LLC$351K
Largest trims
- Camarda Financial Advisors, LLC$1M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$915K
- LPL Financial LLC$778K
- JANE STREET GROUP, LLC$609K
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 | 2,256,448 | $106M | 78.9% | 2026-Q2 |
| LPL Financial LLC trimmed | 125,857 | $6M | 4.4% | 2026-Q2 |
| Carter Financial Group, INC. added | 101,455 | $5M | 3.5% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC new | 59,084 | $3M | 2.1% | 2026-Q2 |
| Compound Planning, Inc. added | 25,757 | $1M | 0.9% | 2026-Q2 |
| Clearstead Advisors, LLC added | 18,026 | $848K | 0.6% | 2026-Q2 |
| Coastal Bridge Advisors, LLC added | 14,305 | $673K | 0.5% | 2026-Q2 |
| Berger Financial Group, Inc added | 12,359 | $581K | 0.4% | 2026-Q2 |
| FSA Advisors, Inc. added | 11,722 | $551K | 0.4% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 10,000 | $470K | 0.3% | 2026-Q2 |
| MADDEN SECURITIES Corp trimmed | 9,042 | $425K | 0.3% | 2026-Q2 |
| Global Retirement Partners, LLC added | 8,157 | $384K | 0.3% | 2026-Q2 |
| OLD MISSION CAPITAL LLC trimmed | 7,922 | $373K | 0.3% | 2026-Q2 |
| NewEdge Advisors, LLC trimmed | 7,725 | $363K | 0.3% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 7,325 | $345K | 0.3% | 2026-Q2 |
| PRIVATE TRUST CO NA added | 6,305 | $297K | 0.2% | 2026-Q2 |
| Camarda Financial Advisors, LLC trimmed | 5,489 | $258K | 0.2% | 2026-Q2 |
| COMMERCE BANK new | 4,258 | $200K | 0.1% | 2026-Q2 |
| Ameritas Advisory Services, LLC new | 2,471 | $116K | 0.1% | 2026-Q2 |
| Integrated Wealth Concepts LLC new | 1,728 | $81K | 0.1% | 2026-Q2 |
| Farther Finance Advisors, LLC trimmed | 795 | $37K | 0.0% | 2026-Q2 |
| Parallel Advisors, LLC added | 745 | $35K | 0.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 696 | $33K | 0.0% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. new | 341 | $16K | 0.0% | 2026-Q2 |
| CoreCap Advisors, LLC added | 317 | $15K | 0.0% | 2026-Q2 |
| DHJJ Financial Advisors, Ltd. | 55 | $3K | 0.0% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO new | 2 | $94 | 0.0% | 2026-Q2 |
| MORGAN STANLEY trimmed | 1 | $52 | 0.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN | 1 | $32 | 0.0% | 2026-Q2 |
| PREVAIL INNOVATIVE WEALTH ADVISORS, LLC new | 42,304 | $2M | 1.5% | 2026-Q1 stale (1 quarter behind) |
| Signal Advisors Wealth, LLC added | 19,295 | $911K | 0.7% | 2026-Q1 stale (1 quarter behind) |
| HighTower Advisors, LLC added | 19,064 | $900K | 0.7% | 2026-Q1 stale (1 quarter behind) |
| Cambridge Investment Research Advisors, Inc. added | 13,639 | $644K | 0.5% | 2026-Q1 stale (1 quarter behind) |
| GOLDMAN SACHS GROUP INC new | 6,597 | $311K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| CITADEL ADVISORS LLC added | 5,421 | $256K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| CWM, LLC added | 5,399 | $255K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| Navis Wealth Advisors, LLC added | 5,119 | $242K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| Capital Analysts, LLC added | 1,296 | $61K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| UBS Group AG trimmed | 14 | $661 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| SIGNATURE ESTATE & INVESTMENT ADVISORS LLC new | 9,529 | $453K | 0.3% | 2025-Q4 stale (2 quarters behind) |
| Orion Porfolio Solutions, LLC new | 9,021 | $429K | 0.3% | 2025-Q4 stale (2 quarters behind) |
| INDEPENDENT FINANCIAL GROUP, LLC new | 4,677 | $222K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| Kestra Advisory Services, LLC new | 526 | $25K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| TUCKER ASSET MANAGEMENT LLC new | 238 | $11K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| JONES FINANCIAL COMPANIES LLLP trimmed | 0 | — | 0.0% | 2025-Q4 stale (2 quarters behind) |
| ONE PLUS ONE WEALTH MANAGEMENT, LLC new | 10,531 | $501K | 0.4% | 2025-Q3 stale (3 quarters behind) |
| Brookstone Capital Management added | 7,058 | $334K | 0.2% | 2025-Q2 stale (4 quarters behind) |
| RAYMOND JAMES FINANCIAL INC new | 47 | $2K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
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.