Who owns BST-R
Which tracked institutional funds hold BST-R, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BST-R 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
The tracked-fund tape on BST-R is one-sided between 2026-Q1 and 2026-Q2: 40 added or opened and 7 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
BST-R’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 BST-R more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in BST-R 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 125 tracked filers holding BST-R, 79 increased or opened the position and 48 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 BST-R 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 4
- J.W. COLE ADVISORS, INC.$1M
- MGO ONE SEVEN LLC$1M
- RMR Wealth Builders$718K
- CITADEL ADVISORS LLC$508K
Full exits 6
- Janney Montgomery Scott LLC$6M
- WEDBUSH SECURITIES INC$3M
- Cambridge Investment Research Advisors, Inc.$2M
- HighTower Advisors, LLC$1M
- WOLVERINE ASSET MANAGEMENT LLC$1M
- Stolper Co$686K
Largest adds
- MORGAN STANLEY$26M
- Invesco Ltd.$12M
- Karpus Management, Inc.$12M
- RAYMOND JAMES FINANCIAL INC$11M
- 1607 Capital Partners, LLC$10M
- Z3 Capital Partners, LLC$6M
Largest trims
- AMERIPRISE FINANCIAL INC$588K
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 |
|---|---|---|---|---|
| MORGAN STANLEY added | 1,430,397 | $73M | 19.8% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 787,619 | $40M | 10.9% | 2026-Q2 |
| Karpus Management, Inc. added | 639,482 | $32M | 8.8% | 2026-Q2 |
| Invesco Ltd. added | 483,275 | $25M | 6.7% | 2026-Q2 |
| 1607 Capital Partners, LLC added | 468,610 | $24M | 6.5% | 2026-Q2 |
| Z3 Capital Partners, LLC added | 391,338 | $20M | 5.4% | 2026-Q2 |
| LPL Financial LLC added | 278,628 | $14M | 3.9% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 266,632 | $14M | 3.7% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 265,290 | $13M | 3.7% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 211,966 | $11M | 2.9% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 198,501 | $10M | 2.7% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 145,380 | $7M | 2.0% | 2026-Q2 |
| Alchemi Wealth, LLC trimmed | 114,575 | $6M | 1.6% | 2026-Q2 |
| FIRST TRUST ADVISORS LP trimmed | 83,340 | $4M | 1.2% | 2026-Q2 |
| UBS Group AG trimmed | 82,906 | $4M | 1.1% | 2026-Q2 |
| NWF Advisory Services Inc. trimmed | 70,005 | $4M | 1.0% | 2026-Q2 |
| Cetera Investment Advisers added | 68,191 | $3M | 0.9% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 67,601 | $3M | 0.9% | 2026-Q2 |
| Wealthspire Retirement, LLC added | 67,442 | $3M | 0.9% | 2026-Q2 |
| PMG Family Office LLC added | 64,588 | $3M | 0.9% | 2026-Q2 |
| OPPENHEIMER & CO INC trimmed | 42,891 | $2M | 0.6% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 39,824 | $2M | 0.6% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 35,916 | $2M | 0.5% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 34,704 | $2M | 0.5% | 2026-Q2 |
| Mission Hills Financial Advisory, LLC added | 34,522 | $2M | 0.5% | 2026-Q2 |
| TRUIST FINANCIAL CORP trimmed | 32,559 | $2M | 0.5% | 2026-Q2 |
| Summit Financial, LLC added | 30,938 | $2M | 0.4% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 30,525 | $2M | 0.4% | 2026-Q2 |
| J.W. COLE ADVISORS, INC. trimmed | 28,892 | $1M | 0.4% | 2026-Q2 |
| Kestra Advisory Services, LLC trimmed | 24,181 | $1M | 0.3% | 2026-Q2 |
| D.A. DAVIDSON & CO. added | 23,099 | $1M | 0.3% | 2026-Q2 |
| PNC Financial Services Group, Inc. added | 22,739 | $1M | 0.3% | 2026-Q2 |
| David J Yvars Group trimmed | 22,303 | $1M | 0.3% | 2026-Q2 |
| Kingsview Wealth Management, LLC trimmed | 20,994 | $1M | 0.3% | 2026-Q2 |
| MGO ONE SEVEN LLC new | 20,091 | $1M | 0.3% | 2026-Q2 |
| Focus Financial Network, Inc. added | 18,483 | $937K | 0.3% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. added | 18,447 | $935K | 0.3% | 2026-Q2 |
| Anchor Capital Management Group Inc | 18,000 | $913K | 0.2% | 2026-Q2 |
| XTX Topco Ltd added | 17,987 | $912K | 0.2% | 2026-Q2 |
| Merit Financial Group, LLC added | 17,066 | $865K | 0.2% | 2026-Q2 |
| LANARK FINANCIAL, INC. added | 16,891 | $857K | 0.2% | 2026-Q2 |
| Compound Planning, Inc. added | 16,863 | $855K | 0.2% | 2026-Q2 |
| Prospera Financial Services Inc added | 16,779 | $851K | 0.2% | 2026-Q2 |
| WEALTH EFFECTS LLC added | 16,755 | $850K | 0.2% | 2026-Q2 |
| &PARTNERS added | 16,127 | $818K | 0.2% | 2026-Q2 |
| SMITH, MOORE & CO. trimmed | 15,493 | $786K | 0.2% | 2026-Q2 |
| Next Level Private LLC added | 15,174 | $769K | 0.2% | 2026-Q2 |
| RMR Wealth Builders new | 14,154 | $718K | 0.2% | 2026-Q2 |
| Future Financial Wealth Managment LLC | 14,000 | $640K | 0.2% | 2026-Q2 |
| FORTEM FINANCIAL GROUP, LLC added | 13,791 | $699K | 0.2% | 2026-Q2 |
| Abel Hall, LLC | 13,000 | $659K | 0.2% | 2026-Q2 |
| Hilltop Holdings Inc. trimmed | 12,932 | $656K | 0.2% | 2026-Q2 |
| Dakota Wealth Management added | 12,857 | $652K | 0.2% | 2026-Q2 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC trimmed | 12,689 | $634K | 0.2% | 2026-Q2 |
| Sanctuary Advisors, LLC added | 12,443 | $631K | 0.2% | 2026-Q2 |
| Focus Partners Wealth added | 11,412 | $579K | 0.2% | 2026-Q2 |
| Mutual Advisors, LLC trimmed | 11,110 | $563K | 0.2% | 2026-Q2 |
| Advisory Advocates, LLC added | 11,060 | $561K | 0.2% | 2026-Q2 |
| B. Riley Wealth Advisors, Inc. added | 10,262 | $503K | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC new | 10,022 | $508K | 0.1% | 2026-Q2 |
| Arkadios Wealth Advisors added | 9,548 | $484K | 0.1% | 2026-Q2 |
| WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC added | 9,508 | $482K | 0.1% | 2026-Q2 |
| Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors added | 9,417 | $478K | 0.1% | 2026-Q2 |
| STEPHENS INC /AR/ | 9,335 | $473K | 0.1% | 2026-Q2 |
| MPWM ADVISORY SOLUTIONS, LLC trimmed | 8,736 | $443K | 0.1% | 2026-Q2 |
| GREAT VALLEY ADVISOR GROUP, INC. added | 8,670 | $440K | 0.1% | 2026-Q2 |
| Faithward Advisors, LLC trimmed | 8,650 | $439K | 0.1% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 8,573 | $435K | 0.1% | 2026-Q2 |
| Harbour Wealth Management Group, Inc. added | 8,231 | $417K | 0.1% | 2026-Q2 |
| Mirador Capital Partners LP added | 7,731 | $392K | 0.1% | 2026-Q2 |
| Calamos Advisors LLC trimmed | 7,314 | $371K | 0.1% | 2026-Q2 |
| Private Advisor Group, LLC new | 7,180 | $364K | 0.1% | 2026-Q2 |
| READYSTATE ASSET MANAGEMENT LP trimmed | 7,156 | $363K | 0.1% | 2026-Q2 |
| Mariner, LLC new | 6,931 | $351K | 0.1% | 2026-Q2 |
| PREVAIL INNOVATIVE WEALTH ADVISORS, LLC trimmed | 6,914 | $351K | 0.1% | 2026-Q2 |
| Noble Wealth Management PBC new | 6,800 | $345K | 0.1% | 2026-Q2 |
| VISTA INVESTMENT PARTNERS II, LLC trimmed | 6,686 | $339K | 0.1% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS | 6,676 | $339K | 0.1% | 2026-Q2 |
| Symphony Financial Services, Inc. trimmed | 6,583 | $334K | 0.1% | 2026-Q2 |
| Herold Advisors, Inc. | 6,103 | $307K | 0.1% | 2026-Q2 |
| DAYMARK WEALTH PARTNERS, LLC | 5,975 | $303K | 0.1% | 2026-Q2 |
| BROWN ADVISORY INC | 5,136 | $260K | 0.1% | 2026-Q2 |
| Corient Private Wealth LP trimmed | 5,004 | $254K | 0.1% | 2026-Q2 |
| Perigon Wealth Management, LLC trimmed | 5,004 | $254K | 0.1% | 2026-Q2 |
| Empirical Asset Management, LLC | 5,000 | $254K | 0.1% | 2026-Q2 |
| Creative Planning trimmed | 4,926 | $250K | 0.1% | 2026-Q2 |
| CASCADE INVESTMENT GROUP, INC. trimmed | 4,775 | $242K | 0.1% | 2026-Q2 |
| Fort Point Capital Partners LLC new | 4,385 | $222K | 0.1% | 2026-Q2 |
| Smartleaf Asset Management LLC | 4,230 | $208K | 0.1% | 2026-Q2 |
| Pine Valley Investments Ltd Liability Co new | 4,100 | $208K | 0.1% | 2026-Q2 |
| Advisory Services Network, LLC added | 4,039 | $205K | 0.1% | 2026-Q2 |
| First Financial Group Corp new | 4,000 | $203K | 0.1% | 2026-Q2 |
| Capital Investment Advisory Services, LLC trimmed | 3,996 | $203K | 0.1% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 3,183 | $161K | 0.0% | 2026-Q2 |
| HARBOR INVESTMENT ADVISORY, LLC | 3,163 | $160K | 0.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 2,952 | $150K | 0.0% | 2026-Q2 |
| Parallel Advisors, LLC added | 2,315 | $117K | 0.0% | 2026-Q2 |
| FIFTH THIRD BANCORP added | 2,309 | $117K | 0.0% | 2026-Q2 |
| AdvisorNet Financial, Inc | 1,597 | $81K | 0.0% | 2026-Q2 |
| TRUST CO OF VERMONT | 1,500 | $76K | 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.