Who owns BTZ
Which tracked institutional funds hold BTZ, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BTZ company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-17). 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
15 tracked funds added or opened BTZ while 19 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
BTZ’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 BTZ more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in BTZ 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 142 tracked filers holding BTZ, 64 increased or opened the position and 74 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 BTZ 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 3
- Thomas J. Herzfeld Advisors, Inc.$3M
- RIVERBRIDGE PARTNERS LLC$952K
- Marex Group Ltd$521K
Full exits 7
- SIT INVESTMENT ASSOCIATES INC$70M
- COHEN & STEERS, INC.$3M
- Thrivent Financial for Lutherans$2M
- READYSTATE ASSET MANAGEMENT LP$1M
- Stolper Co$567K
- Logan Stone Capital, LLC$515K
Largest adds
- ENVESTNET ASSET MANAGEMENT INC$3M
- Allspring Global Investments Holdings, LLC$3M
- MORGAN STANLEY$3M
- BANK OF AMERICA CORP /DE/$2M
- Invesco Ltd.$2M
- D.A. DAVIDSON & CO.$1M
Largest trims
- LPL Financial LLC$3M
- Emissary Wealth LLC$1M
- Cetera Investment Advisers$1M
- PRIVATE TRUST CO NA$801K
- Shaker Financial Services, LLC$635K
- Advisors Asset Management, Inc.$556K
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 | 5,313,606 | $54M | 20.0% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 4,748,810 | $49M | 17.9% | 2026-Q2 |
| GUGGENHEIM CAPITAL LLC trimmed | 1,853,133 | $19M | 7.0% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 1,490,582 | $15M | 5.6% | 2026-Q2 |
| Invesco Ltd. added | 1,257,966 | $13M | 4.7% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 976,930 | $10M | 3.7% | 2026-Q2 |
| Allspring Global Investments Holdings, LLC added | 877,138 | $9M | 3.3% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 799,205 | $8M | 3.0% | 2026-Q2 |
| Sowell Financial Services LLC added | 761,468 | $8M | 2.9% | 2026-Q2 |
| Capital Investment Advisors, LLC trimmed | 668,720 | $7M | 2.5% | 2026-Q2 |
| UBS Group AG trimmed | 571,839 | $6M | 2.1% | 2026-Q2 |
| LPL Financial LLC trimmed | 567,816 | $6M | 2.1% | 2026-Q2 |
| D.A. DAVIDSON & CO. added | 488,221 | $5M | 1.8% | 2026-Q2 |
| Rareview Capital LLC added | 420,186 | $5M | 1.7% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 396,945 | $4M | 1.5% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 350,797 | $4M | 1.3% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 324,985 | $3M | 1.2% | 2026-Q2 |
| CARY STREET PARTNERS FINANCIAL LLC added | 324,822 | $3M | 1.2% | 2026-Q2 |
| Smith Asset Management Co., LLC trimmed | 273,343 | $3M | 1.0% | 2026-Q2 |
| Thomas J. Herzfeld Advisors, Inc. new | 245,318 | $3M | 0.9% | 2026-Q2 |
| Edgemoor Investment Advisors, Inc. trimmed | 245,206 | $3M | 0.9% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 223,860 | $2M | 0.8% | 2026-Q2 |
| WOLVERINE ASSET MANAGEMENT LLC trimmed | 163,008 | $2M | 0.6% | 2026-Q2 |
| Emissary Wealth LLC trimmed | 133,636 | $1M | 0.5% | 2026-Q2 |
| Waterfront Wealth Inc. added | 122,488 | $1M | 0.5% | 2026-Q2 |
| Karpus Management, Inc. trimmed | 120,175 | $1M | 0.5% | 2026-Q2 |
| IBEX WEALTH ADVISORS trimmed | 106,089 | $1M | 0.4% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 96,628 | $988K | 0.4% | 2026-Q2 |
| RIVERBRIDGE PARTNERS LLC added | 93,180 | $952K | 0.4% | 2026-Q2 |
| Marks Group Wealth Management, Inc | 89,273 | $912K | 0.3% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 80,753 | $825K | 0.3% | 2026-Q2 |
| FELL CAPITAL MANAGEMENT /ADV trimmed | 80,184 | $819K | 0.3% | 2026-Q2 |
| ELEVATION POINT WEALTH PARTNERS, LLC trimmed | 79,458 | $812K | 0.3% | 2026-Q2 |
| Vestmark Advisory Solutions, Inc. trimmed | 78,658 | $804K | 0.3% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 77,972 | $797K | 0.3% | 2026-Q2 |
| Focus Partners Wealth trimmed | 75,420 | $771K | 0.3% | 2026-Q2 |
| Advisors Asset Management, Inc. trimmed | 72,345 | $739K | 0.3% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 67,473 | $690K | 0.3% | 2026-Q2 |
| CHOREO, LLC added | 64,651 | $661K | 0.2% | 2026-Q2 |
| PRINCIPAL SECURITIES, INC. trimmed | 64,422 | $658K | 0.2% | 2026-Q2 |
| Chicago Partners Investment Group LLC added | 57,817 | $576K | 0.2% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 54,924 | $561K | 0.2% | 2026-Q2 |
| PRIVATE TRUST CO NA trimmed | 54,849 | $561K | 0.2% | 2026-Q2 |
| 1607 Capital Partners, LLC trimmed | 53,824 | $550K | 0.2% | 2026-Q2 |
| Johnson Financial Group, Inc. | 53,707 | $549K | 0.2% | 2026-Q2 |
| Noble Wealth Management PBC added | 52,533 | $537K | 0.2% | 2026-Q2 |
| Alteri Wealth LLC added | 52,262 | $534K | 0.2% | 2026-Q2 |
| Lido Advisors, LLC | 51,815 | $530K | 0.2% | 2026-Q2 |
| EP Wealth Advisors, LLC added | 51,358 | $525K | 0.2% | 2026-Q2 |
| Marex Group Ltd trimmed | 51,000 | $521K | 0.2% | 2026-Q2 |
| Shulman DeMeo Asset Management LLC trimmed | 50,279 | $514K | 0.2% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 47,852 | $489K | 0.2% | 2026-Q2 |
| Uncommon Cents Investing LLC added | 47,266 | $483K | 0.2% | 2026-Q2 |
| IMC-Chicago, LLC new | 41,558 | $425K | 0.2% | 2026-Q2 |
| HORIZON KINETICS ASSET MANAGEMENT LLC trimmed | 39,700 | $406K | 0.1% | 2026-Q2 |
| XTX Topco Ltd added | 38,056 | $389K | 0.1% | 2026-Q2 |
| Global Retirement Partners, LLC added | 36,021 | $368K | 0.1% | 2026-Q2 |
| Mezzasalma Advisors, LLC trimmed | 35,842 | $366K | 0.1% | 2026-Q2 |
| Broyhill Asset Management, LLC | 32,500 | $332K | 0.1% | 2026-Q2 |
| FLAGSHIP HARBOR ADVISORS, LLC trimmed | 32,255 | $330K | 0.1% | 2026-Q2 |
| Closed-End Fund Advisors, Inc. added | 32,040 | $327K | 0.1% | 2026-Q2 |
| Mariner, LLC added | 31,010 | $317K | 0.1% | 2026-Q2 |
| Ellis Investment Partners, LLC trimmed | 29,912 | $306K | 0.1% | 2026-Q2 |
| Concurrent Investment Advisors, LLC trimmed | 29,844 | $305K | 0.1% | 2026-Q2 |
| Palogic Value Management, L.P. | 29,366 | $300K | 0.1% | 2026-Q2 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC trimmed | 27,843 | $285K | 0.1% | 2026-Q2 |
| TRUIST FINANCIAL CORP | 27,832 | $284K | 0.1% | 2026-Q2 |
| NewEdge Advisors, LLC trimmed | 26,885 | $275K | 0.1% | 2026-Q2 |
| StoneX Group Inc. trimmed | 26,779 | $276K | 0.1% | 2026-Q2 |
| Park Edge Advisors, LLC added | 24,605 | $251K | 0.1% | 2026-Q2 |
| EVERGREEN CAPITAL MANAGEMENT LLC added | 23,830 | $244K | 0.1% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC trimmed | 23,386 | $239K | 0.1% | 2026-Q2 |
| SMH CAPITAL ADVISORS INC added | 22,212 | $227K | 0.1% | 2026-Q2 |
| Mueller Wealth, LLC added | 21,662 | $221K | 0.1% | 2026-Q2 |
| Equitable Holdings, Inc. added | 20,447 | $209K | 0.1% | 2026-Q2 |
| Merit Financial Group, LLC added | 20,254 | $207K | 0.1% | 2026-Q2 |
| NOMURA HOLDINGS INC trimmed | 20,000 | $204K | 0.1% | 2026-Q2 |
| DIVIDEND ASSETS CAPITAL, LLC new | 20,000 | $204K | 0.1% | 2026-Q2 |
| Creekside Partners added | 19,357 | $198K | 0.1% | 2026-Q2 |
| Almitas Capital LLC new | 18,660 | $191K | 0.1% | 2026-Q2 |
| 180 WEALTH ADVISORS, LLC | 18,416 | $188K | 0.1% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 17,870 | $183K | 0.1% | 2026-Q2 |
| Private Advisor Group, LLC added | 17,674 | $181K | 0.1% | 2026-Q2 |
| Future Financial Wealth Managment LLC | 17,000 | $169K | 0.1% | 2026-Q2 |
| Valley Brook Capital Group, Inc. | 16,720 | $171K | 0.1% | 2026-Q2 |
| Waverly Advisors, LLC trimmed | 15,771 | $161K | 0.1% | 2026-Q2 |
| KESTRA PRIVATE WEALTH SERVICES, LLC added | 15,655 | $160K | 0.1% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 15,088 | $154K | 0.1% | 2026-Q2 |
| Prospera Financial Services Inc added | 15,077 | $154K | 0.1% | 2026-Q2 |
| Clearstead Advisors, LLC added | 14,122 | $144K | 0.1% | 2026-Q2 |
| NWAM LLC trimmed | 14,048 | $144K | 0.1% | 2026-Q2 |
| E&G Advisors, LLC trimmed | 13,792 | $141K | 0.1% | 2026-Q2 |
| Crescent Grove Advisors, LLC | 13,500 | $138K | 0.1% | 2026-Q2 |
| INVESTORS ASSET MANAGEMENT OF GEORGIA INC /GA/ /ADV | 13,500 | $138K | 0.1% | 2026-Q2 |
| Kovack Advisors, Inc. new | 13,348 | $136K | 0.1% | 2026-Q2 |
| OPPENHEIMER & CO INC added | 13,298 | $136K | 0.0% | 2026-Q2 |
| MRA Advisory Group added | 13,238 | $135K | 0.0% | 2026-Q2 |
| MELFA WEALTH MANAGEMENT, INC. | 13,236 | $135K | 0.0% | 2026-Q2 |
| Shaker Financial Services, LLC trimmed | 13,149 | $134K | 0.0% | 2026-Q2 |
| Northstar Financial Companies, Inc. | 13,004 | $133K | 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.