Who owns BUG
Which tracked institutional funds hold BUG, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BUG company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-02). 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
65 tracked funds added or opened BUG while 25 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
BUG’s largest tracked holder by dollar value, Moss Adams Wealth Advisors LLC, sizes it at 4.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 4.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in BUG 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 206 tracked filers holding BUG, 117 increased or opened the position and 108 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 BUG 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 10
- Diversify Advisory Services, LLC$20M
- DIVERSIFY WEALTH MANAGEMENT, LLC$20M
- AXXCESS WEALTH MANAGEMENT, LLC$10M
- Cannell & Spears LLC$6M
- J. Goldman & Co LP$2M
- B. Riley Wealth Advisors, Inc.$2M
Full exits 14
- Clal Insurance Enterprises Holdings Ltd$43M
- Caption Management, LLC$21M
- Quadrature Capital Ltd$15M
- TUDOR INVESTMENT CORP ET AL$4M
- HRT FINANCIAL LP$4M
- FLOW TRADERS U.S. LLC$3M
Largest adds
- Moss Adams Wealth Advisors LLC$30M
- LPL Financial LLC$14M
- UBS Group AG$12M
- BANK OF AMERICA CORP /DE/$8M
- CITADEL ADVISORS LLC$7M
- MORGAN STANLEY$7M
Largest trims
- SIMPLEX TRADING, LLC$4M
- Summit Financial, LLC$2M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$2M
- IMC-Chicago, LLC$1M
- Mirae Asset Global Investments Co., Ltd.$1M
- LEVEL FOUR ADVISORY SERVICES, LLC$969K
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 |
|---|---|---|---|---|
| Moss Adams Wealth Advisors LLC added | 1,724,031 | $66M | 15.0% | 2026-Q2 |
| LPL Financial LLC trimmed | 1,205,723 | $46M | 10.5% | 2026-Q2 |
| MORGAN STANLEY trimmed | 901,711 | $34M | 7.8% | 2026-Q2 |
| DIVERSIFY WEALTH MANAGEMENT, LLC new | 519,309 | $20M | 4.5% | 2026-Q2 |
| Diversify Advisory Services, LLC new | 519,309 | $20M | 4.5% | 2026-Q2 |
| UBS Group AG added | 457,845 | $17M | 4.0% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 399,499 | $15M | 3.5% | 2026-Q2 |
| Hamilton Capital, LLC added | 332,880 | $13M | 2.9% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 270,846 | $10M | 2.4% | 2026-Q2 |
| Capital Asset Advisory Services LLC trimmed | 266,971 | $10M | 2.3% | 2026-Q2 |
| AXXCESS WEALTH MANAGEMENT, LLC new | 265,798 | $10M | 2.3% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 261,792 | $10M | 2.3% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 259,672 | $10M | 2.3% | 2026-Q2 |
| Cetera Investment Advisers added | 232,099 | $9M | 2.0% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 231,062 | $9M | 2.0% | 2026-Q2 |
| Biltmore Family Office, LLC trimmed | 210,707 | $8M | 1.8% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 165,618 | $6M | 1.4% | 2026-Q2 |
| GTS SECURITIES LLC added | 157,233 | $6M | 1.4% | 2026-Q2 |
| Cannell & Spears LLC new | 156,914 | $6M | 1.4% | 2026-Q2 |
| First Interstate Bank trimmed | 150,305 | $6M | 1.3% | 2026-Q2 |
| SCOTIA CAPITAL INC. added | 150,135 | $6M | 1.3% | 2026-Q2 |
| Kestra Advisory Services, LLC trimmed | 146,688 | $6M | 1.3% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 109,812 | $4M | 1.0% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 103,634 | $4M | 0.9% | 2026-Q2 |
| TigerOak Management, L.L.C. added | 100,071 | $4M | 0.9% | 2026-Q2 |
| Cresset Asset Management, LLC added | 93,366 | $4M | 0.8% | 2026-Q2 |
| Mirae Asset Global Investments Co., Ltd. trimmed | 91,663 | $4M | 0.8% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 88,246 | $3M | 0.8% | 2026-Q2 |
| Cassady Wealth & Retirement Planning, LLC added | 79,830 | $3M | 0.7% | 2026-Q2 |
| Farrow Financial, Inc. trimmed | 69,862 | $3M | 0.6% | 2026-Q2 |
| J. Goldman & Co LP new | 64,000 | $2M | 0.6% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 59,692 | $2M | 0.5% | 2026-Q2 |
| Federation des caisses Desjardins du Quebec added | 59,017 | $2M | 0.5% | 2026-Q2 |
| Stratos Wealth Partners, LTD. added | 57,309 | $2M | 0.5% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 54,193 | $2M | 0.5% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 53,954 | $2M | 0.5% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 51,637 | $2M | 0.4% | 2026-Q2 |
| PARTNERS CAPITAL INVESTMENT GROUP, LLP added | 48,711 | $2M | 0.4% | 2026-Q2 |
| IHT Wealth Management, LLC trimmed | 48,145 | $2M | 0.4% | 2026-Q2 |
| B. Riley Wealth Advisors, Inc. new | 43,016 | $2M | 0.4% | 2026-Q2 |
| NCM Capital Management, LLC added | 42,816 | $2M | 0.4% | 2026-Q2 |
| Waycross Investment Management Co added | 41,820 | $2M | 0.4% | 2026-Q2 |
| Arax Advisory Partners new | 40,374 | $2M | 0.4% | 2026-Q2 |
| Beacon Pointe Advisors, LLC added | 40,047 | $2M | 0.3% | 2026-Q2 |
| Advisory Services Network, LLC added | 36,551 | $1M | 0.3% | 2026-Q2 |
| Merit Financial Group, LLC trimmed | 36,451 | $1M | 0.3% | 2026-Q2 |
| PNC Financial Services Group, Inc. trimmed | 35,473 | $1M | 0.3% | 2026-Q2 |
| Spectrum Strategic Capital Management, LLC added | 35,082 | $1M | 0.3% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 34,741 | $1M | 0.3% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 33,957 | $1M | 0.3% | 2026-Q2 |
| Eagle Strategies LLC trimmed | 32,840 | $1M | 0.3% | 2026-Q2 |
| LEVEL FOUR ADVISORY SERVICES, LLC trimmed | 31,917 | $1M | 0.3% | 2026-Q2 |
| Phoenix Wealth Advisors added | 30,258 | $1M | 0.3% | 2026-Q2 |
| Private Advisor Group, LLC added | 29,670 | $1M | 0.3% | 2026-Q2 |
| Sterling Investment Counsel, LLC added | 29,212 | $1M | 0.3% | 2026-Q2 |
| Joseph P. Lucia & Associates, LLC added | 28,065 | $1M | 0.2% | 2026-Q2 |
| CreativeOne Wealth, LLC trimmed | 25,649 | $980K | 0.2% | 2026-Q2 |
| INDEPENDENT FINANCIAL GROUP, LLC added | 24,992 | $954K | 0.2% | 2026-Q2 |
| Accel Wealth Management trimmed | 22,809 | $871K | 0.2% | 2026-Q2 |
| Midwest Financial Group LLC added | 22,585 | $863K | 0.2% | 2026-Q2 |
| Mariner, LLC trimmed | 22,006 | $839K | 0.2% | 2026-Q2 |
| MAI Capital Management added | 21,966 | $839K | 0.2% | 2026-Q2 |
| Summit Financial, LLC trimmed | 21,070 | $805K | 0.2% | 2026-Q2 |
| Snowden Capital Advisors LLC added | 20,523 | $784K | 0.2% | 2026-Q2 |
| Sanctuary Advisors, LLC trimmed | 20,241 | $773K | 0.2% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS added | 19,514 | $745K | 0.2% | 2026-Q2 |
| OneDigital Investment Advisors LLC trimmed | 19,049 | $727K | 0.2% | 2026-Q2 |
| Tidal Investments LLC added | 18,252 | $697K | 0.2% | 2026-Q2 |
| FAIRVIEW CAPITAL INVESTMENT MANAGEMENT, LLC new | 18,180 | $694K | 0.2% | 2026-Q2 |
| Essex LLC trimmed | 18,081 | $691K | 0.2% | 2026-Q2 |
| HBW ADVISORY SERVICES LLC added | 17,911 | $684K | 0.2% | 2026-Q2 |
| GROUP ONE TRADING LLC trimmed | 17,894 | $683K | 0.2% | 2026-Q2 |
| O'ROURKE & COMPANY, Inc added | 17,568 | $671K | 0.2% | 2026-Q2 |
| Stelac Advisory Services LLC | 17,258 | $659K | 0.1% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ added | 16,331 | $622K | 0.1% | 2026-Q2 |
| Integras Partners LLC added | 16,175 | $618K | 0.1% | 2026-Q2 |
| SIMPLEX TRADING, LLC trimmed | 15,210 | $581K | 0.1% | 2026-Q2 |
| RFG Advisory, LLC added | 15,133 | $578K | 0.1% | 2026-Q2 |
| CERTUITY, LLC | 14,955 | $571K | 0.1% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 14,579 | $557K | 0.1% | 2026-Q2 |
| IMC-Chicago, LLC trimmed | 14,562 | $556K | 0.1% | 2026-Q2 |
| Ameritas Advisory Services, LLC added | 14,308 | $546K | 0.1% | 2026-Q2 |
| Bleakley Financial Group, LLC trimmed | 13,807 | $527K | 0.1% | 2026-Q2 |
| Brookstone Capital Management trimmed | 13,547 | $517K | 0.1% | 2026-Q2 |
| HB Wealth Management, LLC new | 12,890 | $492K | 0.1% | 2026-Q2 |
| IFP Advisors, Inc added | 12,753 | $487K | 0.1% | 2026-Q2 |
| Perigon Wealth Management, LLC added | 12,532 | $479K | 0.1% | 2026-Q2 |
| Focus Partners Advisor Solutions, LLC trimmed | 12,275 | $469K | 0.1% | 2026-Q2 |
| Spire Wealth Management trimmed | 11,901 | $454K | 0.1% | 2026-Q2 |
| Archford Capital Strategies, LLC added | 11,835 | $452K | 0.1% | 2026-Q2 |
| OMNI 360 Wealth, Inc. trimmed | 11,456 | $438K | 0.1% | 2026-Q2 |
| Dakota Wealth Management trimmed | 11,049 | $422K | 0.1% | 2026-Q2 |
| Concurrent Investment Advisors, LLC added | 11,037 | $422K | 0.1% | 2026-Q2 |
| PFG Investments, LLC added | 11,013 | $421K | 0.1% | 2026-Q2 |
| Baird Financial Group, Inc. trimmed | 11,001 | $420K | 0.1% | 2026-Q2 |
| FourThought Financial Partners, LLC | 10,776 | $412K | 0.1% | 2026-Q2 |
| WEALTH EFFECTS LLC added | 10,720 | $409K | 0.1% | 2026-Q2 |
| Mutual Advisors, LLC new | 10,186 | $389K | 0.1% | 2026-Q2 |
| Lionhunter Capital Management, LLC new | 10,000 | $382K | 0.1% | 2026-Q2 |
| Migdal Insurance & Financial Holdings Ltd. trimmed | 10,000 | $382K | 0.1% | 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.