Who owns 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-Q2 13F filings (latest filed 2026-08-18). 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 BTAL is one-sided between 2026-Q1 and 2026-Q2: 8 added or opened and 34 trimmed or exited — on balance reducing.
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 2026-Q1 and 2026-Q2, across 91 tracked filers holding BTAL, 52 increased or opened the position and 44 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 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
- IFG Advisory, LLC$5M
- CITADEL ADVISORS LLC$1M
- Maridea Wealth Management LLC$1M
- Persium Advisors, LLC$642K
Full exits 10
- Pasadena Private Wealth, LLC$32M
- HighTower Advisors, LLC$19M
- Encompass More Asset Management$4M
- HRT FINANCIAL LP$2M
- Hilltop Holdings Inc.$2M
- Savvy Advisors, Inc.$2M
Largest adds
- Krilogy Financial LLC$1M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$802K
- JANE STREET GROUP, LLC$693K
- GREENWOOD CAPITAL ASSOCIATES LLC$414K
Largest trims
- Federation des caisses Desjardins du Quebec$11M
- Carrera Capital Advisors$7M
- FMR LLC$5M
- CIBC WORLD MARKET INC.$3M
- ROYAL BANK OF CANADA$3M
- Focus Partners Wealth$2M
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 |
|---|---|---|---|---|
| FMR LLC | 1,944,444 | $22M | 7.8% | 2026-Q2 |
| Federation des caisses Desjardins du Quebec trimmed | 1,758,251 | $20M | 7.1% | 2026-Q2 |
| Carrera Capital Advisors trimmed | 1,539,121 | $17M | 6.2% | 2026-Q2 |
| Focus Partners Wealth added | 1,537,923 | $17M | 6.2% | 2026-Q2 |
| AE Wealth Management LLC added | 927,590 | $10M | 3.7% | 2026-Q2 |
| Krilogy Financial LLC added | 822,619 | $9M | 3.3% | 2026-Q2 |
| CIBC WORLD MARKET INC. trimmed | 783,771 | $9M | 3.2% | 2026-Q2 |
| OneDigital Investment Advisors LLC added | 606,507 | $7M | 2.4% | 2026-Q2 |
| Crescent Grove Advisors, LLC | 473,811 | $5M | 1.9% | 2026-Q2 |
| IFG Advisory, LLC new | 409,162 | $5M | 1.6% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 407,856 | $5M | 1.6% | 2026-Q2 |
| Advisory Services Network, LLC trimmed | 342,385 | $4M | 1.4% | 2026-Q2 |
| WealthPlan Investment Management, LLC added | 257,710 | $3M | 1.0% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 239,792 | $3M | 1.0% | 2026-Q2 |
| Purpose Unlimited Inc. added | 201,503 | $2M | 0.8% | 2026-Q2 |
| OSAIC HOLDINGS, INC. trimmed | 193,580 | $2M | 0.8% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS trimmed | 189,200 | $2M | 0.8% | 2026-Q2 |
| PMV Capital Advisers, LLC trimmed | 188,303 | $2M | 0.8% | 2026-Q2 |
| Trek Financial, LLC trimmed | 152,514 | $2M | 0.6% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 124,237 | $1M | 0.5% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 114,285 | $1M | 0.5% | 2026-Q2 |
| LPL Financial LLC added | 108,802 | $1M | 0.4% | 2026-Q2 |
| Maridea Wealth Management LLC added | 105,600 | $1M | 0.4% | 2026-Q2 |
| Good Steward Wealth Advisors,LLC added | 104,503 | $1M | 0.4% | 2026-Q2 |
| Latitude Advisors, LLC trimmed | 100,681 | $1M | 0.4% | 2026-Q2 |
| GREENWOOD CAPITAL ASSOCIATES LLC added | 82,706 | $922K | 0.3% | 2026-Q2 |
| Avestar Capital, LLC trimmed | 79,403 | $885K | 0.3% | 2026-Q2 |
| Axim Planning & Wealth added | 76,602 | $854K | 0.3% | 2026-Q2 |
| Arete Wealth Advisors, LLC added | 64,770 | $722K | 0.3% | 2026-Q2 |
| Hudson Bay Capital Management LP | 60,170 | $671K | 0.2% | 2026-Q2 |
| LANARK FINANCIAL, INC. added | 60,086 | $670K | 0.2% | 2026-Q2 |
| Persium Advisors, LLC new | 57,600 | $642K | 0.2% | 2026-Q2 |
| FLAGSHIP HARBOR ADVISORS, LLC added | 52,181 | $582K | 0.2% | 2026-Q2 |
| Dynamic Advisor Solutions LLC trimmed | 48,129 | $537K | 0.2% | 2026-Q2 |
| INTEGRITY ALLIANCE, LLC. added | 47,278 | $527K | 0.2% | 2026-Q2 |
| IFP Advisors, Inc added | 44,633 | $498K | 0.2% | 2026-Q2 |
| Town & Country Bank & Trust CO dba First Bankers Trust CO added | 44,597 | $497K | 0.2% | 2026-Q2 |
| Bank of New York Mellon Corp added | 39,025 | $435K | 0.2% | 2026-Q2 |
| MORGAN STANLEY added | 35,341 | $394K | 0.1% | 2026-Q2 |
| ZEGA Investments, LLC added | 32,066 | $358K | 0.1% | 2026-Q2 |
| Ethos Financial Group, LLC trimmed | 26,455 | $336K | 0.1% | 2026-Q2 |
| INVESTED ADVISORS new | 28,329 | $316K | 0.1% | 2026-Q2 |
| Advyzon Investment Management, LLC trimmed | 26,347 | $294K | 0.1% | 2026-Q2 |
| Ausdal Financial Partners, Inc. trimmed | 26,288 | $293K | 0.1% | 2026-Q2 |
| CREATIVE FINANCIAL DESIGNS INC /ADV trimmed | 26,205 | $292K | 0.1% | 2026-Q2 |
| WEALTHEDGE INVESTMENT ADVISORS, LLC trimmed | 20,453 | $228K | 0.1% | 2026-Q2 |
| Comprehensive Money Management Services LLC added | 19,855 | $221K | 0.1% | 2026-Q2 |
| Bison Wealth, LLC trimmed | 19,211 | $221K | 0.1% | 2026-Q2 |
| WealthPLAN Partners, LLC added | 19,532 | $218K | 0.1% | 2026-Q2 |
| Sankala Group LLC added | 17,211 | $209K | 0.1% | 2026-Q2 |
| Innovative Wealth Building LLC added | 17,542 | $196K | 0.1% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 17,463 | $194K | 0.1% | 2026-Q2 |
| RHS Financial, LLC new | 16,902 | $188K | 0.1% | 2026-Q2 |
| HUB Investment Partners, LLC | 15,818 | $176K | 0.1% | 2026-Q2 |
| IPG Investment Advisors LLC added | 15,176 | $169K | 0.1% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 14,720 | $164K | 0.1% | 2026-Q2 |
| REAP Financial Group, LLC trimmed | 14,559 | $162K | 0.1% | 2026-Q2 |
| NWAM LLC trimmed | 14,360 | $160K | 0.1% | 2026-Q2 |
| Able Wealth Management LLC trimmed | 14,315 | $160K | 0.1% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 14,210 | $158K | 0.1% | 2026-Q2 |
| TWO SIGMA SECURITIES, LLC trimmed | 12,936 | $144K | 0.1% | 2026-Q2 |
| Empirical Asset Management, LLC new | 12,897 | $144K | 0.1% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 12,755 | $142K | 0.1% | 2026-Q2 |
| Tidal Investments LLC trimmed | 11,791 | $131K | 0.0% | 2026-Q2 |
| StoneX Group Inc. new | 11,754 | $131K | 0.0% | 2026-Q2 |
| Ignite Planners, LLC new | 10,764 | $120K | 0.0% | 2026-Q2 |
| Entelevest, LLC trimmed | 10,260 | $114K | 0.0% | 2026-Q2 |
| SIMPLEX TRADING, LLC added | 10,151 | $113K | 0.0% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC trimmed | 10,100 | $113K | 0.0% | 2026-Q2 |
| J.Safra Asset Management Corp added | 8,943 | $100K | 0.0% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC | 4,225 | $47K | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC trimmed | 4,074 | $45K | 0.0% | 2026-Q2 |
| CoreCap Advisors, LLC new | 3,273 | $36K | 0.0% | 2026-Q2 |
| Triumph Capital Management trimmed | 3,220 | $36K | 0.0% | 2026-Q2 |
| Geneos Wealth Management Inc. added | 2,250 | $25K | 0.0% | 2026-Q2 |
| Signature Resources Capital Management, LLC new | 1,546 | $17K | 0.0% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP new | 796 | $9K | 0.0% | 2026-Q2 |
| Highland Investment Advisors LLC new | 728 | $8K | 0.0% | 2026-Q2 |
| Continuum Advisory, LLC new | 628 | $7K | 0.0% | 2026-Q2 |
| Strategic Wealth Partners, Ltd. | 306 | $3K | 0.0% | 2026-Q2 |
| Buck Wealth Strategies, LLC new | 203 | $2K | 0.0% | 2026-Q2 |
| EVOLUTION WEALTH MANAGEMENT INC. | 200 | $2K | 0.0% | 2026-Q2 |
| Smartleaf Asset Management LLC | 121 | $1K | 0.0% | 2026-Q2 |
| SHP Wealth Management | 120 | $1K | 0.0% | 2026-Q2 |
| Tower Research Capital LLC (TRC) trimmed | 90 | $1K | 0.0% | 2026-Q2 |
| Mosley Wealth Management | 79 | $881 | 0.0% | 2026-Q2 |
| GROUP ONE TRADING LLC new | 70 | $780 | 0.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN | 63 | $700 | 0.0% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. | 58 | $647 | 0.0% | 2026-Q2 |
| UBS Group AG trimmed | 51 | $569 | 0.0% | 2026-Q2 |
| Capital Advisor Network LLC | 8 | $89 | 0.0% | 2026-Q2 |
| Pasadena Private Wealth, LLC new | 2,286,833 | $32M | 11.5% | 2026-Q1 stale (1 quarter behind) |
| HighTower Advisors, LLC added | 1,379,568 | $19M | 6.9% | 2026-Q1 stale (1 quarter behind) |
| Encompass More Asset Management new | 280,005 | $4M | 1.4% | 2026-Q1 stale (1 quarter behind) |
| HRT FINANCIAL LP trimmed | 152,806 | $2M | 0.8% | 2026-Q1 stale (1 quarter behind) |
| Hilltop Holdings Inc. trimmed | 121,755 | $2M | 0.6% | 2026-Q1 stale (1 quarter behind) |
| Kovitz Investment Group Partners, LLC added | 2,221,703 | $35M | 12.8% | 2025-Q3 stale (3 quarters behind) |
| Clark Capital Management Group, Inc. new | 362,712 | $6M | 2.1% | 2025-Q3 stale (3 quarters behind) |
| Sanctuary Advisors, LLC added | 186,834 | $4M | 1.4% | 2025-Q3 stale (3 quarters behind) |
| LEVEL FOUR ADVISORY SERVICES, LLC added | 349,475 | $6M | 2.2% | 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.