Who owns BTAL (BTAL)
Which tracked institutional funds hold BTAL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BTAL company fundamentals →
Ownership as of the 2026-Q1 13F filings. 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
26 tracked funds added or opened BTAL while 11 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
BTAL’s largest tracked holder by dollar value, Kovitz Investment Group Partners, LLC, sizes it at 0.8% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.8pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in BTAL 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 87 tracked filers holding BTAL, 55 increased or opened the position and 37 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 BTAL 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 10
- Pasadena Private Wealth, LLC$32M
- Crescent Grove Advisors, LLC$7M
- Encompass More Asset Management$4M
- Trek Financial, LLC$3M
- Savvy Advisors, Inc.$2M
- Ferguson Shapiro LLC$843K
Full exits 2
- CacheTech Inc.$2M
- QVR LLC$1M
Largest adds
- HighTower Advisors, LLC$19M
- Carrera Capital Advisors$17M
- AE Wealth Management LLC$5M
- ROYAL BANK OF CANADA$3M
- OSAIC HOLDINGS, INC.$3M
- WealthPlan Investment Management, LLC$2M
Largest trims
- Belpointe Asset Management LLC$3M
- Hilltop Holdings Inc.$2M
- OneDigital Investment Advisors LLC$2M
- JANE STREET GROUP, LLC$1M
- Federation des caisses Desjardins du Quebec$1M
- FMR LLC$836K
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 |
|---|---|---|---|---|
| Pasadena Private Wealth, LLC new | 2,286,833 | $32M | 9.2% | 2026-Q1 |
| Federation des caisses Desjardins du Quebec trimmed | 2,224,429 | $31M | 9.0% | 2026-Q1 |
| FMR LLC | 1,944,444 | $27M | 7.9% | 2026-Q1 |
| Carrera Capital Advisors added | 1,741,835 | $24M | 7.0% | 2026-Q1 |
| Focus Partners Wealth added | 1,406,776 | $20M | 5.7% | 2026-Q1 |
| HighTower Advisors, LLC added | 1,379,568 | $19M | 5.6% | 2026-Q1 |
| CIBC WORLD MARKET INC. added | 874,397 | $12M | 3.5% | 2026-Q1 |
| AE Wealth Management LLC added | 772,951 | $11M | 3.1% | 2026-Q1 |
| OneDigital Investment Advisors LLC trimmed | 594,352 | $8M | 2.4% | 2026-Q1 |
| Krilogy Financial LLC added | 597,562 | $8M | 2.2% | 2026-Q1 |
| Crescent Grove Advisors, LLC new | 473,811 | $7M | 1.9% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 392,471 | $5M | 1.6% | 2026-Q1 |
| Advisory Services Network, LLC added | 347,457 | $5M | 1.4% | 2026-Q1 |
| Encompass More Asset Management new | 280,005 | $4M | 1.1% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 266,781 | $4M | 1.1% | 2026-Q1 |
| WealthPlan Investment Management, LLC added | 255,488 | $4M | 1.0% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 249,785 | $3M | 1.0% | 2026-Q1 |
| PMV Capital Advisers, LLC added | 246,621 | $3M | 1.0% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS added | 196,782 | $3M | 0.8% | 2026-Q1 |
| Purpose Unlimited Inc. added | 195,386 | $3M | 0.8% | 2026-Q1 |
| Trek Financial, LLC added | 191,973 | $3M | 0.8% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 184,770 | $3M | 0.7% | 2026-Q1 |
| HRT FINANCIAL LP trimmed | 152,806 | $2M | 0.6% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 141,893 | $2M | 0.6% | 2026-Q1 |
| Latitude Advisors, LLC added | 134,046 | $2M | 0.5% | 2026-Q1 |
| Hilltop Holdings Inc. trimmed | 121,755 | $2M | 0.5% | 2026-Q1 |
| Savvy Advisors, Inc. new | 118,666 | $2M | 0.5% | 2026-Q1 |
| LPL Financial LLC trimmed | 107,513 | $2M | 0.4% | 2026-Q1 |
| Avestar Capital, LLC trimmed | 85,028 | $1M | 0.3% | 2026-Q1 |
| Belpointe Asset Management LLC trimmed | 76,246 | $1M | 0.3% | 2026-Q1 |
| Axim Planning & Wealth added | 75,708 | $1M | 0.3% | 2026-Q1 |
| Good Steward Wealth Advisors,LLC added | 74,424 | $1M | 0.3% | 2026-Q1 |
| Dynamic Advisor Solutions LLC added | 62,135 | $867K | 0.3% | 2026-Q1 |
| Ferguson Shapiro LLC new | 60,400 | $843K | 0.2% | 2026-Q1 |
| Hudson Bay Capital Management LP | 60,170 | $840K | 0.2% | 2026-Q1 |
| GeoWealth Management, LLC trimmed | 55,005 | $768K | 0.2% | 2026-Q1 |
| Arete Wealth Advisors, LLC added | 51,765 | $723K | 0.2% | 2026-Q1 |
| FLAGSHIP HARBOR ADVISORS, LLC added | 44,681 | $624K | 0.2% | 2026-Q1 |
| Bison Wealth, LLC added | 49,736 | $597K | 0.2% | 2026-Q1 |
| NBC SECURITIES, INC. new | 42,343 | $591K | 0.2% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 41,774 | $583K | 0.2% | 2026-Q1 |
| INTEGRITY ALLIANCE, LLC. added | 41,516 | $580K | 0.2% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 41,305 | $577K | 0.2% | 2026-Q1 |
| Entelevest, LLC added | 36,860 | $515K | 0.1% | 2026-Q1 |
| GREENWOOD CAPITAL ASSOCIATES LLC added | 36,383 | $508K | 0.1% | 2026-Q1 |
| Town & Country Bank & Trust CO dba First Bankers Trust CO added | 35,622 | $497K | 0.1% | 2026-Q1 |
| IFP Advisors, Inc added | 35,572 | $497K | 0.1% | 2026-Q1 |
| Advyzon Investment Management, LLC added | 34,917 | $487K | 0.1% | 2026-Q1 |
| MORGAN STANLEY trimmed | 34,257 | $478K | 0.1% | 2026-Q1 |
| Worth Asset Management, LLC added | 30,472 | $425K | 0.1% | 2026-Q1 |
| CREATIVE FINANCIAL DESIGNS INC /ADV trimmed | 29,424 | $411K | 0.1% | 2026-Q1 |
| Ausdal Financial Partners, Inc. added | 28,788 | $402K | 0.1% | 2026-Q1 |
| NWAM LLC trimmed | 27,549 | $385K | 0.1% | 2026-Q1 |
| Bank of New York Mellon Corp added | 27,235 | $380K | 0.1% | 2026-Q1 |
| Ethos Financial Group, LLC added | 26,551 | $371K | 0.1% | 2026-Q1 |
| WEALTHEDGE INVESTMENT ADVISORS, LLC trimmed | 24,953 | $348K | 0.1% | 2026-Q1 |
| Magnolia Private Wealth, LLC trimmed | 22,219 | $310K | 0.1% | 2026-Q1 |
| Able Wealth Management LLC trimmed | 21,182 | $296K | 0.1% | 2026-Q1 |
| ZEGA Investments, LLC new | 18,259 | $255K | 0.1% | 2026-Q1 |
| SILVERLAKE WEALTH MANAGEMENT LLC new | 17,758 | $248K | 0.1% | 2026-Q1 |
| REAP Financial Group, LLC trimmed | 16,797 | $234K | 0.1% | 2026-Q1 |
| Innovative Wealth Building LLC new | 15,927 | $222K | 0.1% | 2026-Q1 |
| HUB Investment Partners, LLC | 15,818 | $221K | 0.1% | 2026-Q1 |
| Comprehensive Money Management Services LLC trimmed | 15,105 | $211K | 0.1% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 13,547 | $189K | 0.1% | 2026-Q1 |
| Kovitz Investment Group Partners, LLC added | 2,221,703 | $35M | 10.2% | 2025-Q3 stale |
| Fortis Group Advisors, LLC added | 307,987 | $6M | 1.9% | 2025-Q1 stale |
| LEVEL FOUR ADVISORY SERVICES, LLC added | 349,475 | $6M | 1.8% | 2025-Q2 stale |
| Clark Capital Management Group, Inc. new | 362,712 | $6M | 1.7% | 2025-Q3 stale |
| Sanctuary Advisors, LLC added | 186,834 | $4M | 1.1% | 2025-Q3 stale |
| Astoria Portfolio Advisors LLC. added | 93,955 | $2M | 0.6% | 2025-Q1 stale |
| CacheTech Inc. new | 108,040 | $2M | 0.5% | 2025-Q4 stale |
| RENAISSANCE TECHNOLOGIES LLC added | 85,680 | $2M | 0.4% | 2025-Q2 stale |
| QVR LLC added | 86,018 | $1M | 0.4% | 2025-Q4 stale |
| Mutual Advisors, LLC added | 42,998 | $862K | 0.2% | 2025-Q1 stale |
| Efficient Advisors, LLC new | 39,885 | $831K | 0.2% | 2025-Q1 stale |
| Private Advisor Group, LLC added | 38,338 | $799K | 0.2% | 2025-Q1 stale |
| Concurrent Investment Advisors, LLC added | 43,954 | $778K | 0.2% | 2025-Q2 stale |
| STIFEL FINANCIAL CORP trimmed | 39,543 | $700K | 0.2% | 2025-Q2 stale |
| Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors added | 36,090 | $639K | 0.2% | 2025-Q2 stale |
| Defined Financial Planning LLC trimmed | 30,581 | $635K | 0.2% | 2025-Q1 stale |
| Cambridge Investment Research Advisors, Inc. trimmed | 38,905 | $619K | 0.2% | 2025-Q3 stale |
| Maridea Wealth Management LLC trimmed | 34,887 | $618K | 0.2% | 2025-Q2 stale |
| BANK OF AMERICA CORP /DE/ added | 34,481 | $610K | 0.2% | 2025-Q2 stale |
| L.M. KOHN & COMPANY added | 32,183 | $570K | 0.2% | 2025-Q2 stale |
| CITADEL ADVISORS LLC added | 33,821 | $538K | 0.2% | 2025-Q3 stale |
| PARK AVENUE SECURITIES LLC new | 27,869 | $444K | 0.1% | 2025-Q3 stale |
| Hobbs Group Advisors, LLC trimmed | 23,941 | $424K | 0.1% | 2025-Q2 stale |
| PRINCIPAL SECURITIES, INC. added | 24,576 | $391K | 0.1% | 2025-Q3 stale |
| GOLDMAN SACHS GROUP INC added | 23,882 | $380K | 0.1% | 2025-Q3 stale |
| Clark Asset Management, LLC | 23,382 | $372K | 0.1% | 2025-Q3 stale |
| Tactive Advisors, LLC trimmed | 23,134 | $368K | 0.1% | 2025-Q3 stale |
| Atria Wealth Solutions, Inc. trimmed | 15,297 | $319K | 0.1% | 2025-Q1 stale |
| Tidal Investments LLC trimmed | 22,007 | $317K | 0.1% | 2025-Q4 stale |
| Camarda Financial Advisors, LLC added | 13,731 | $286K | 0.1% | 2025-Q1 stale |
| Fiscal Wisdom Wealth Management, LLC added | 19,599 | $282K | 0.1% | 2025-Q4 stale |
| J HAGAN CAPITAL, INC. new | 14,385 | $240K | 0.1% | 2025-Q2 stale |
| RoundAngle Advisors LLC new | 13,409 | $237K | 0.1% | 2025-Q2 stale |
| INDEPENDENT FINANCIAL GROUP, LLC new | 10,487 | $186K | 0.1% | 2025-Q2 stale |
| MML INVESTORS SERVICES, LLC trimmed | 12,783 | $184K | 0.1% | 2025-Q4 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.