Who owns 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-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
14 tracked funds added or opened BTT while 22 trimmed or exited it between 2026-Q1 and 2026-Q2 — 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 3.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 3.0pp 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 2026-Q1 and 2026-Q2, across 131 tracked filers holding BTT, 54 increased or opened the position and 63 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 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 2
- Bluespring Wealth Management, LLC$701K
- READYSTATE ASSET MANAGEMENT LP$538K
Full exits 11
- SENTINEL TRUST CO LBA$19M
- Narwhal Capital Management$8M
- COHEN & STEERS, INC.$2M
- PARK AVENUE SECURITIES LLC$2M
- Matisse Capital$2M
- Anchor Investment Management, LLC$2M
Largest adds
- MacKay Shields LLC$9M
- Hennion & Walsh Asset Management, Inc.$4M
- Advisors Asset Management, Inc.$1M
- Pathstone Holdings, LLC$658K
- LPL Financial LLC$647K
- Beverly Hills Private Wealth, LLC$586K
Largest trims
- RIVERNORTH CAPITAL MANAGEMENT, LLC$9M
- 1607 Capital Partners, LLC$2M
- UBS Group AG$1M
- CITY OF LONDON INVESTMENT MANAGEMENT CO LTD$940K
- Karpus Management, Inc.$859K
- Rockefeller Capital Management L.P.$678K
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 |
|---|---|---|---|---|
| Karpus Management, Inc. trimmed | 4,641,247 | $106M | 19.8% | 2026-Q2 |
| MacKay Shields LLC added | 1,967,980 | $45M | 8.4% | 2026-Q2 |
| Pathstone Holdings, LLC added | 1,638,668 | $37M | 7.0% | 2026-Q2 |
| Allspring Global Investments Holdings, LLC added | 1,563,860 | $36M | 6.7% | 2026-Q2 |
| Almitas Capital LLC trimmed | 1,485,213 | $34M | 6.3% | 2026-Q2 |
| Tortoise Investment Management, LLC added | 1,420,474 | $32M | 6.1% | 2026-Q2 |
| MORGAN STANLEY added | 1,268,475 | $29M | 5.4% | 2026-Q2 |
| Hennion & Walsh Asset Management, Inc. added | 783,682 | $18M | 3.3% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 719,925 | $16M | 3.1% | 2026-Q2 |
| UBS Group AG trimmed | 654,447 | $15M | 2.8% | 2026-Q2 |
| LPL Financial LLC added | 516,302 | $12M | 2.2% | 2026-Q2 |
| VAN ECK ASSOCIATES CORP added | 507,854 | $12M | 2.2% | 2026-Q2 |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD trimmed | 498,552 | $11M | 2.1% | 2026-Q2 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC trimmed | 493,001 | $11M | 2.1% | 2026-Q2 |
| Merit Financial Group, LLC trimmed | 441,028 | $10M | 1.9% | 2026-Q2 |
| 1607 Capital Partners, LLC trimmed | 287,241 | $7M | 1.2% | 2026-Q2 |
| Beverly Hills Private Wealth, LLC added | 253,307 | $6M | 1.1% | 2026-Q2 |
| Focus Partners Wealth trimmed | 214,188 | $5M | 0.9% | 2026-Q2 |
| Jacobi Capital Management LLC added | 208,040 | $5M | 0.9% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 203,231 | $5M | 0.9% | 2026-Q2 |
| WealthBridge Capital Management, LLC trimmed | 191,230 | $4M | 0.8% | 2026-Q2 |
| Advisors Asset Management, Inc. added | 178,185 | $4M | 0.8% | 2026-Q2 |
| Dakota Wealth Management | 166,660 | $4M | 0.7% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 144,042 | $3M | 0.6% | 2026-Q2 |
| Elgethun Capital Management added | 137,301 | $3M | 0.6% | 2026-Q2 |
| Scarborough Advisors, LLC trimmed | 119,526 | $3M | 0.5% | 2026-Q2 |
| Maltin Wealth Management, Inc. trimmed | 117,605 | $3M | 0.5% | 2026-Q2 |
| Hara Capital LLC trimmed | 114,387 | $3M | 0.5% | 2026-Q2 |
| Eldridge Investment Advisors, Inc. trimmed | 107,454 | $2M | 0.5% | 2026-Q2 |
| Amplius Wealth Advisors, LLC trimmed | 100,344 | $2M | 0.4% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 93,598 | $2M | 0.4% | 2026-Q2 |
| Waterfront Wealth Inc. trimmed | 92,920 | $2M | 0.4% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 81,261 | $2M | 0.3% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 80,729 | $2M | 0.3% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 78,557 | $2M | 0.3% | 2026-Q2 |
| WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV | 71,425 | $2M | 0.3% | 2026-Q2 |
| Fiera Capital Corp added | 66,988 | $2M | 0.3% | 2026-Q2 |
| PETRA FINANCIAL ADVISORS INC added | 63,712 | $1M | 0.3% | 2026-Q2 |
| Invesco Ltd. added | 61,808 | $1M | 0.3% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 61,738 | $1M | 0.3% | 2026-Q2 |
| Baird Financial Group, Inc. added | 60,653 | $1M | 0.3% | 2026-Q2 |
| Seed Wealth Management, Inc. | 59,170 | $1M | 0.3% | 2026-Q2 |
| Thomas J. Herzfeld Advisors, Inc. added | 56,610 | $1M | 0.2% | 2026-Q2 |
| PNC Financial Services Group, Inc. | 51,734 | $1M | 0.2% | 2026-Q2 |
| Private Advisor Group, LLC added | 51,440 | $1M | 0.2% | 2026-Q2 |
| PINNACLE ASSOCIATES LTD trimmed | 49,973 | $1M | 0.2% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 48,064 | $1M | 0.2% | 2026-Q2 |
| Sanctuary Advisors, LLC added | 47,768 | $1M | 0.2% | 2026-Q2 |
| IEQ CAPITAL, LLC | 47,381 | $1M | 0.2% | 2026-Q2 |
| Oder Investment Management, LLC added | 47,179 | $1M | 0.2% | 2026-Q2 |
| Gridiron Partners, LLC trimmed | 45,646 | $1M | 0.2% | 2026-Q2 |
| Wellspring Financial Advisors, LLC | 38,090 | $867K | 0.2% | 2026-Q2 |
| B. Riley Wealth Advisors, Inc. trimmed | 33,287 | $753K | 0.1% | 2026-Q2 |
| EP Wealth Advisors, LLC | 32,304 | $735K | 0.1% | 2026-Q2 |
| OPPENHEIMER & CO INC trimmed | 32,207 | $733K | 0.1% | 2026-Q2 |
| EVOLVE PRIVATE WEALTH, LLC trimmed | 31,643 | $721K | 0.1% | 2026-Q2 |
| Bluespring Wealth Management, LLC new | 30,808 | $701K | 0.1% | 2026-Q2 |
| PRIVATE TRUST CO NA | 30,667 | $698K | 0.1% | 2026-Q2 |
| Jefferies Financial Group Inc. | 30,560 | $695K | 0.1% | 2026-Q2 |
| Summit Trail Advisors, LLC added | 29,067 | $661K | 0.1% | 2026-Q2 |
| Cerity Partners LLC added | 28,273 | $643K | 0.1% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 26,931 | $613K | 0.1% | 2026-Q2 |
| Andrew Hill Investment Advisors, Inc. trimmed | 25,704 | $585K | 0.1% | 2026-Q2 |
| &PARTNERS added | 25,302 | $576K | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 24,434 | $556K | 0.1% | 2026-Q2 |
| ENCOMPASS WEALTH ADVISORS, LLC | 24,400 | $555K | 0.1% | 2026-Q2 |
| Closed-End Fund Advisors, Inc. trimmed | 23,647 | $538K | 0.1% | 2026-Q2 |
| READYSTATE ASSET MANAGEMENT LP added | 23,633 | $538K | 0.1% | 2026-Q2 |
| Wilmington Savings Fund Society, FSB | 23,472 | $534K | 0.1% | 2026-Q2 |
| Aviance Capital Partners, LLC trimmed | 23,313 | $530K | 0.1% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC trimmed | 23,246 | $529K | 0.1% | 2026-Q2 |
| Avise Financial Cooperative, Inc. added | 23,163 | $527K | 0.1% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 22,056 | $502K | 0.1% | 2026-Q2 |
| Magnus Financial Group LLC added | 21,464 | $488K | 0.1% | 2026-Q2 |
| NewEdge Advisors, LLC trimmed | 21,097 | $480K | 0.1% | 2026-Q2 |
| M&T Bank Corp added | 20,047 | $457K | 0.1% | 2026-Q2 |
| Successful Portfolios LLC | 20,032 | $458K | 0.1% | 2026-Q2 |
| Advisory Services Network, LLC trimmed | 19,599 | $446K | 0.1% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 18,784 | $427K | 0.1% | 2026-Q2 |
| Icon Wealth Advisors, LLC | 16,825 | $383K | 0.1% | 2026-Q2 |
| Concurrent Investment Advisors, LLC | 16,300 | $371K | 0.1% | 2026-Q2 |
| Avior Wealth Management, LLC added | 15,842 | $360K | 0.1% | 2026-Q2 |
| CARY STREET PARTNERS FINANCIAL LLC added | 15,529 | $353K | 0.1% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 15,527 | $353K | 0.1% | 2026-Q2 |
| Ritter Daniher Financial Advisory LLC / DE added | 15,404 | $350K | 0.1% | 2026-Q2 |
| Cetera Investment Advisers added | 15,156 | $345K | 0.1% | 2026-Q2 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 14,550 | $331K | 0.1% | 2026-Q2 |
| Covenant Asset Management, LLC trimmed | 14,090 | $321K | 0.1% | 2026-Q2 |
| INTEGRATED CAPITAL MANAGEMENT, INC. trimmed | 14,002 | $319K | 0.1% | 2026-Q2 |
| Edge Wealth Management LLC | 13,000 | $296K | 0.1% | 2026-Q2 |
| 49 WEALTH MANAGEMENT, LLC new | 12,320 | $280K | 0.1% | 2026-Q2 |
| ALONGSIDE, LLC new | 12,320 | $280K | 0.1% | 2026-Q2 |
| KESTRA PRIVATE WEALTH SERVICES, LLC trimmed | 12,303 | $280K | 0.1% | 2026-Q2 |
| Everest Financial Group LLC | 12,275 | $279K | 0.1% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 12,051 | $274K | 0.1% | 2026-Q2 |
| Quantinno Capital Management LP | 12,000 | $273K | 0.1% | 2026-Q2 |
| Ackerman Capital Advisors, LLC trimmed | 11,691 | $266K | 0.0% | 2026-Q2 |
| Tyche Wealth Partners LLC added | 11,650 | $265K | 0.0% | 2026-Q2 |
| MELFA WEALTH MANAGEMENT, INC. added | 11,462 | $261K | 0.0% | 2026-Q2 |
| Tamar Securities, LLC trimmed | 10,750 | $245K | 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.