Who owns BNDW
Which tracked institutional funds hold BNDW, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BNDW 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
17 tracked funds added or opened BNDW while 19 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
BNDW’s largest tracked holder by dollar value, MORGAN STANLEY, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes BNDW more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in BNDW 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 BNDW, 56 increased or opened the position and 51 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 BNDW 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 1
- Focus Partners Wealth$619K
Full exits 5
- ALLIANCEBERNSTEIN L.P.$31M
- E-Wealth Partners, LLC$7M
- CIBC WORLD MARKET INC.$2M
- ABLE Financial Group, LLC$1M
- TSA Wealth Managment LLC$908K
Largest adds
- Waverly Advisors, LLC$3M
- US BANCORP \DE\$3M
- Applied Capital LLC$2M
- Five Pine Wealth Management$1M
- Amicus Financial Advisors, LLC$1M
- LPL Financial LLC$898K
Largest trims
- MORGAN STANLEY$60M
- JANE STREET GROUP, LLC$23M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$10M
- MERCER GLOBAL ADVISORS INC /ADV$5M
- Professional Financial Advisors, LLC$4M
- Beacon Pointe Advisors, LLC$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 |
|---|---|---|---|---|
| MORGAN STANLEY trimmed | 1,866,197 | $128M | 27.0% | 2026-Q1 |
| Amicus Financial Advisors, LLC added | 454,660 | $31M | 6.6% | 2026-Q1 |
| Betterment LLC added | 371,918 | $25M | 5.4% | 2026-Q1 |
| Aurelius Family Office LLC added | 355,695 | $24M | 5.1% | 2026-Q1 |
| Waverly Advisors, LLC added | 353,548 | $24M | 5.1% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 323,829 | $22M | 4.7% | 2026-Q1 |
| Two West Capital Advisors LLC added | 254,869 | $17M | 3.7% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 248,453 | $17M | 3.6% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 245,361 | $17M | 3.5% | 2026-Q1 |
| Applied Capital LLC added | 219,720 | $15M | 3.2% | 2026-Q1 |
| Beacon Pointe Advisors, LLC trimmed | 207,030 | $14M | 3.0% | 2026-Q1 |
| Stone Summit Wealth LLC added | 123,961 | $8M | 1.8% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 95,751 | $7M | 1.4% | 2026-Q1 |
| Mariner, LLC added | 93,801 | $6M | 1.4% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 82,823 | $6M | 1.2% | 2026-Q1 |
| Five Pine Wealth Management added | 78,106 | $5M | 1.1% | 2026-Q1 |
| Alhambra Investment Management LLC added | 68,811 | $5M | 1.0% | 2026-Q1 |
| LPL Financial LLC added | 64,347 | $4M | 0.9% | 2026-Q1 |
| US BANCORP \DE\ added | 43,410 | $3M | 0.6% | 2026-Q1 |
| Professional Financial Advisors, LLC trimmed | 31,430 | $2M | 0.5% | 2026-Q1 |
| OneDigital Investment Advisors LLC trimmed | 24,041 | $2M | 0.3% | 2026-Q1 |
| Destiny Wealth Partners, LLC trimmed | 22,636 | $2M | 0.3% | 2026-Q1 |
| Bleakley Financial Group, LLC trimmed | 22,460 | $2M | 0.3% | 2026-Q1 |
| Geometric Wealth Advisors added | 22,251 | $2M | 0.3% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 21,087 | $1M | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 20,400 | $1M | 0.3% | 2026-Q1 |
| Apella Capital, LLC trimmed | 17,812 | $1M | 0.3% | 2026-Q1 |
| Inscription Capital, LLC added | 16,999 | $1M | 0.2% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 15,375 | $1M | 0.2% | 2026-Q1 |
| Farther Finance Advisors, LLC added | 15,208 | $1M | 0.2% | 2026-Q1 |
| RIK SAYLOR FINANCIAL, INC. trimmed | 12,244 | $837K | 0.2% | 2026-Q1 |
| 17 CAPITAL PARTNERS, LLC added | 11,246 | $769K | 0.2% | 2026-Q1 |
| Maridea Wealth Management LLC added | 9,866 | $674K | 0.1% | 2026-Q1 |
| Moss Adams Wealth Advisors LLC | 9,844 | $673K | 0.1% | 2026-Q1 |
| Gould Capital, LLC added | 9,542 | $652K | 0.1% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 9,506 | $650K | 0.1% | 2026-Q1 |
| Focus Partners Wealth added | 9,058 | $619K | 0.1% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 8,793 | $601K | 0.1% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 8,719 | $596K | 0.1% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 8,654 | $591K | 0.1% | 2026-Q1 |
| Valmark Advisers, Inc. added | 8,139 | $556K | 0.1% | 2026-Q1 |
| Symmetry Partners, LLC added | 6,997 | $478K | 0.1% | 2026-Q1 |
| Ethos Financial Group, LLC added | 6,704 | $458K | 0.1% | 2026-Q1 |
| CFS Investment Advisory Services, LLC trimmed | 6,563 | $451K | 0.1% | 2026-Q1 |
| Arcadia Wealth Management, Inc. trimmed | 5,825 | $398K | 0.1% | 2026-Q1 |
| Stonehage Fleming Financial Services Holdings Ltd | 5,784 | $395K | 0.1% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 5,740 | $392K | 0.1% | 2026-Q1 |
| Alpha Financial Advisors, LLC trimmed | 5,715 | $391K | 0.1% | 2026-Q1 |
| Clark Capital Management Group, Inc. | 5,702 | $390K | 0.1% | 2026-Q1 |
| Luminvest Wealth Management LLC trimmed | 5,430 | $371K | 0.1% | 2026-Q1 |
| Creative Planning added | 5,112 | $349K | 0.1% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 5,039 | $344K | 0.1% | 2026-Q1 |
| Perigon Wealth Management, LLC added | 4,985 | $341K | 0.1% | 2026-Q1 |
| Lido Advisors, LLC trimmed | 4,881 | $334K | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 4,873 | $333K | 0.1% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 4,838 | $331K | 0.1% | 2026-Q1 |
| Stratos Wealth Partners, LTD. trimmed | 4,829 | $330K | 0.1% | 2026-Q1 |
| Bedminster, LLC added | 4,766 | $326K | 0.1% | 2026-Q1 |
| Wealthspire Advisors, LLC added | 4,385 | $300K | 0.1% | 2026-Q1 |
| SIMON QUICK ADVISORS, LLC new | 4,348 | $297K | 0.1% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 4,298 | $294K | 0.1% | 2026-Q1 |
| Corient Private Wealth LLC | 4,214 | $288K | 0.1% | 2026-Q1 |
| BENJAMIN EDWARDS INC added | 3,804 | $261K | 0.1% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 3,796 | $259K | 0.1% | 2026-Q1 |
| SAGE FINANCIAL GROUP INC added | 3,774 | $258K | 0.1% | 2026-Q1 |
| American Investment Services, Inc. trimmed | 3,707 | $253K | 0.1% | 2026-Q1 |
| Sigma Planning Corp trimmed | 3,696 | $253K | 0.1% | 2026-Q1 |
| MONEYWISE, INC. trimmed | 3,645 | $249K | 0.1% | 2026-Q1 |
| StoneX Group Inc. new | 3,528 | $241K | 0.1% | 2026-Q1 |
| Capstone Financial Advisors, Inc. trimmed | 3,498 | $239K | 0.1% | 2026-Q1 |
| Wedmont Private Capital trimmed | 3,441 | $236K | 0.0% | 2026-Q1 |
| Endowment Wealth Management, Inc. added | 3,392 | $232K | 0.0% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. trimmed | 451,481 | $31M | 6.6% | 2025-Q4 stale |
| E-Wealth Partners, LLC new | 97,013 | $7M | 1.4% | 2025-Q4 stale |
| TRUIST FINANCIAL CORP added | 33,892 | $2M | 0.5% | 2025-Q1 stale |
| CIBC WORLD MARKET INC. added | 32,164 | $2M | 0.5% | 2025-Q4 stale |
| Visionary Wealth Advisors trimmed | 29,752 | $2M | 0.4% | 2025-Q1 stale |
| Sensible Financial Planning & Management, LLC. added | 28,004 | $2M | 0.4% | 2025-Q3 stale |
| Foundations Investment Advisors, LLC trimmed | 21,451 | $1M | 0.3% | 2025-Q2 stale |
| ABLE Financial Group, LLC new | 20,290 | $1M | 0.3% | 2025-Q4 stale |
| VanderPol Investments L.L.C. trimmed | 17,613 | $1M | 0.3% | 2025-Q1 stale |
| NAPATREE CAPITAL LLC added | 15,130 | $1M | 0.2% | 2025-Q1 stale |
| TSA Wealth Managment LLC new | 13,207 | $908K | 0.2% | 2025-Q4 stale |
| Jentner Corp added | 12,715 | $882K | 0.2% | 2025-Q2 stale |
| VIEWPOINT INVESTMENT PARTNERS CORP | 10,648 | $738K | 0.2% | 2025-Q3 stale |
| NewEdge Advisors, LLC | 10,499 | $722K | 0.2% | 2025-Q1 stale |
| Bristlecone Advisors, LLC new | 9,068 | $632K | 0.1% | 2025-Q3 stale |
| HRT FINANCIAL LP new | 8,735 | $601K | 0.1% | 2025-Q1 stale |
| Kings Path Partners LLC trimmed | 8,092 | $561K | 0.1% | 2025-Q2 stale |
| Opes Wealth Management LLC added | 6,990 | $485K | 0.1% | 2025-Q2 stale |
| Envestnet Portfolio Solutions, Inc. added | 6,056 | $416K | 0.1% | 2025-Q4 stale |
| COMMONS CAPITAL, LLC new | 5,640 | $388K | 0.1% | 2025-Q4 stale |
| BEACON FINANCIAL GROUP new | 5,556 | $382K | 0.1% | 2025-Q4 stale |
| Ascent Group, LLC new | 5,023 | $345K | 0.1% | 2025-Q4 stale |
| Thrivent Financial for Lutherans trimmed | 4,696 | $326K | 0.1% | 2025-Q2 stale |
| Kure Advisory, LLC trimmed | 4,567 | $318K | 0.1% | 2025-Q3 stale |
| Claro Advisors Inc. new | 4,174 | $287K | 0.1% | 2025-Q4 stale |
| Acorn Wealth Advisors, LLC trimmed | 4,035 | $278K | 0.1% | 2025-Q1 stale |
| Fortis Capital Advisors, LLC trimmed | 3,938 | $271K | 0.1% | 2025-Q1 stale |
| Belpointe Asset Management LLC trimmed | 3,938 | $271K | 0.1% | 2025-Q1 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.