Who owns BTT (BTT)
Which tracked institutional funds hold BTT, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BTT 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
21 tracked funds added or opened BTT while 20 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
BTT’s largest tracked holder by dollar value, Karpus Management, Inc., sizes it at 3.3% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 3.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in BTT 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 145 tracked filers holding BTT, 63 increased or opened the position and 60 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 BTT 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 4
- Fiera Capital Corp$1M
- Independent Advisor Alliance$724K
- HighTower Advisors, LLC$699K
- Integrity Wealth Partners, LLC$565K
Full exits 1
- SEVEN MILE ADVISORY$988K
Largest adds
- SENTINEL TRUST CO LBA$5M
- MACKAY SHIELDS LLC$4M
- 1607 Capital Partners, LLC$2M
- Hennion & Walsh Asset Management, Inc.$2M
- Beverly Hills Private Wealth, LLC$2M
- LPL Financial LLC$1M
Largest trims
- RIVERNORTH CAPITAL MANAGEMENT, LLC$7M
- Pathstone Holdings, LLC$5M
- CITY OF LONDON INVESTMENT MANAGEMENT CO LTD$3M
- Cerity Partners LLC$3M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$2M
- Steward Partners Investment Advisory, LLC$1M
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 |
|---|---|---|---|---|
| Karpus Management, Inc. added | 4,689,313 | $106M | 18.3% | 2026-Q1 |
| Pathstone Holdings, LLC trimmed | 1,613,294 | $37M | 6.3% | 2026-Q1 |
| MACKAY SHIELDS LLC added | 1,566,262 | $36M | 6.1% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC | 1,560,360 | $35M | 6.1% | 2026-Q1 |
| Almitas Capital LLC | 1,486,013 | $34M | 5.8% | 2026-Q1 |
| Tortoise Investment Management, LLC added | 1,401,152 | $32M | 5.5% | 2026-Q1 |
| MORGAN STANLEY added | 1,247,371 | $28M | 4.9% | 2026-Q1 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC trimmed | 881,402 | $20M | 3.4% | 2026-Q1 |
| SENTINEL TRUST CO LBA added | 836,734 | $19M | 3.3% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 745,082 | $17M | 2.9% | 2026-Q1 |
| UBS Group AG added | 707,969 | $16M | 2.8% | 2026-Q1 |
| Hennion & Walsh Asset Management, Inc. added | 617,560 | $14M | 2.4% | 2026-Q1 |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD trimmed | 541,052 | $12M | 2.1% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP trimmed | 490,684 | $11M | 1.9% | 2026-Q1 |
| LPL Financial LLC added | 488,950 | $11M | 1.9% | 2026-Q1 |
| Merit Financial Group, LLC trimmed | 442,588 | $10M | 1.7% | 2026-Q1 |
| 1607 Capital Partners, LLC added | 385,481 | $9M | 1.5% | 2026-Q1 |
| Narwhal Capital Management trimmed | 357,067 | $8M | 1.4% | 2026-Q1 |
| Focus Partners Wealth trimmed | 240,497 | $5M | 0.9% | 2026-Q1 |
| Beverly Hills Private Wealth, LLC added | 228,066 | $5M | 0.9% | 2026-Q1 |
| Jacobi Capital Management LLC added | 204,947 | $5M | 0.8% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 201,895 | $5M | 0.8% | 2026-Q1 |
| WealthBridge Capital Management, LLC added | 195,915 | $4M | 0.8% | 2026-Q1 |
| Dakota Wealth Management added | 166,660 | $4M | 0.7% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 140,668 | $3M | 0.6% | 2026-Q1 |
| Elgethun Capital Management added | 137,169 | $3M | 0.5% | 2026-Q1 |
| Maltin Wealth Management, Inc. trimmed | 124,238 | $3M | 0.5% | 2026-Q1 |
| Advisors Asset Management, Inc. added | 122,996 | $3M | 0.5% | 2026-Q1 |
| Scarborough Advisors, LLC added | 120,571 | $3M | 0.5% | 2026-Q1 |
| Hara Capital LLC trimmed | 120,285 | $3M | 0.5% | 2026-Q1 |
| Rockefeller Capital Management L.P. trimmed | 111,320 | $3M | 0.4% | 2026-Q1 |
| Eldridge Investment Advisors, Inc. added | 107,608 | $2M | 0.4% | 2026-Q1 |
| Amplius Wealth Advisors, LLC trimmed | 103,581 | $2M | 0.4% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 100,366 | $2M | 0.4% | 2026-Q1 |
| Waterfront Wealth Inc. trimmed | 99,316 | $2M | 0.4% | 2026-Q1 |
| COHEN & STEERS, INC. added | 93,000 | $2M | 0.4% | 2026-Q1 |
| PARK AVENUE SECURITIES LLC trimmed | 82,924 | $2M | 0.3% | 2026-Q1 |
| Matisse Capital trimmed | 81,562 | $2M | 0.3% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 80,281 | $2M | 0.3% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 79,188 | $2M | 0.3% | 2026-Q1 |
| Anchor Investment Management, LLC added | 73,325 | $2M | 0.3% | 2026-Q1 |
| WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV trimmed | 71,425 | $2M | 0.3% | 2026-Q1 |
| Gridiron Partners, LLC trimmed | 67,359 | $2M | 0.3% | 2026-Q1 |
| Seed Wealth Management, Inc. | 59,170 | $1M | 0.2% | 2026-Q1 |
| PETRA FINANCIAL ADVISORS INC added | 56,975 | $1M | 0.2% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 56,368 | $1M | 0.2% | 2026-Q1 |
| Baird Financial Group, Inc. added | 53,811 | $1M | 0.2% | 2026-Q1 |
| PINNACLE ASSOCIATES LTD added | 51,945 | $1M | 0.2% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. added | 51,734 | $1M | 0.2% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 51,556 | $1M | 0.2% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC trimmed | 50,163 | $1M | 0.2% | 2026-Q1 |
| Thomas J. Herzfeld Advisors, Inc. trimmed | 49,066 | $1M | 0.2% | 2026-Q1 |
| IEQ CAPITAL, LLC | 47,381 | $1M | 0.2% | 2026-Q1 |
| B. Riley Wealth Advisors, Inc. trimmed | 46,795 | $1M | 0.2% | 2026-Q1 |
| Sanctuary Advisors, LLC added | 45,833 | $1M | 0.2% | 2026-Q1 |
| Fiera Capital Corp new | 44,345 | $1M | 0.2% | 2026-Q1 |
| Private Advisor Group, LLC added | 43,365 | $984K | 0.2% | 2026-Q1 |
| Oder Investment Management, LLC added | 43,182 | $980K | 0.2% | 2026-Q1 |
| Invesco Ltd. added | 41,568 | $944K | 0.2% | 2026-Q1 |
| OPPENHEIMER & CO INC added | 41,401 | $940K | 0.2% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 39,257 | $891K | 0.2% | 2026-Q1 |
| Wellspring Financial Advisors, LLC trimmed | 38,090 | $865K | 0.1% | 2026-Q1 |
| EVOLVE PRIVATE WEALTH, LLC added | 34,144 | $775K | 0.1% | 2026-Q1 |
| EP Wealth Advisors, LLC trimmed | 32,304 | $733K | 0.1% | 2026-Q1 |
| Independent Advisor Alliance added | 31,901 | $724K | 0.1% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 30,781 | $699K | 0.1% | 2026-Q1 |
| PRIVATE TRUST CO NA | 30,667 | $696K | 0.1% | 2026-Q1 |
| Jefferies Financial Group Inc. added | 30,560 | $694K | 0.1% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 28,916 | $656K | 0.1% | 2026-Q1 |
| Integrated Wealth Concepts LLC added | 28,410 | $645K | 0.1% | 2026-Q1 |
| Kestra Advisory Services, LLC trimmed | 26,278 | $597K | 0.1% | 2026-Q1 |
| Andrew Hill Investment Advisors, Inc. trimmed | 25,854 | $587K | 0.1% | 2026-Q1 |
| Integrity Wealth Partners, LLC new | 24,887 | $565K | 0.1% | 2026-Q1 |
| &PARTNERS added | 24,843 | $563K | 0.1% | 2026-Q1 |
| ENCOMPASS WEALTH ADVISORS, LLC | 24,400 | $554K | 0.1% | 2026-Q1 |
| Closed-End Fund Advisors, Inc. trimmed | 23,876 | $542K | 0.1% | 2026-Q1 |
| Wilmington Savings Fund Society, FSB | 23,472 | $533K | 0.1% | 2026-Q1 |
| Aviance Capital Partners, LLC added | 23,331 | $530K | 0.1% | 2026-Q1 |
| Cerity Partners LLC trimmed | 22,051 | $501K | 0.1% | 2026-Q1 |
| Magnus Financial Group LLC added | 21,425 | $486K | 0.1% | 2026-Q1 |
| Advisory Services Network, LLC added | 20,590 | $467K | 0.1% | 2026-Q1 |
| CWM, LLC added | 20,300 | $461K | 0.1% | 2026-Q1 |
| Successful Portfolios LLC | 20,032 | $452K | 0.1% | 2026-Q1 |
| Summit Trail Advisors, LLC added | 19,793 | $449K | 0.1% | 2026-Q1 |
| Avise Financial Cooperative, Inc. added | 19,649 | $446K | 0.1% | 2026-Q1 |
| M&T Bank Corp added | 19,259 | $437K | 0.1% | 2026-Q1 |
| Covenant Asset Management, LLC | 18,490 | $420K | 0.1% | 2026-Q1 |
| INTEGRATED CAPITAL MANAGEMENT, INC. trimmed | 18,321 | $416K | 0.1% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 17,114 | $388K | 0.1% | 2026-Q1 |
| LexAurum Advisors, LLC trimmed | 17,097 | $388K | 0.1% | 2026-Q1 |
| Kovitz Investment Group Partners, LLC trimmed | 265,961 | $6M | 1.0% | 2025-Q3 stale |
| AQR Arbitrage LLC trimmed | 153,331 | $3M | 0.6% | 2025-Q1 stale |
| WOLVERINE ASSET MANAGEMENT LLC added | 70,530 | $1M | 0.3% | 2025-Q1 stale |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. added | 60,461 | $1M | 0.2% | 2025-Q1 stale |
| Saba Capital Management, L.P. trimmed | 53,509 | $1M | 0.2% | 2025-Q3 stale |
| GILL CAPITAL PARTNERS, LLC | 51,962 | $1M | 0.2% | 2025-Q1 stale |
| SEVEN MILE ADVISORY | 43,303 | $988K | 0.2% | 2025-Q4 stale |
| RIVERBRIDGE PARTNERS LLC added | 40,929 | $919K | 0.2% | 2025-Q3 stale |
| Ackerman Capital Advisors, LLC added | 21,088 | $481K | 0.1% | 2025-Q4 stale |
| KESTRA PRIVATE WEALTH SERVICES, LLC added | 19,253 | $439K | 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.