Who owns BUSA (BUSA)
Which tracked institutional funds hold BUSA, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BUSA 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
The tracked-fund tape on BUSA is one-sided between 2025-Q4 and 2026-Q1: 7 added or opened and 2 trimmed or exited — on balance accumulating.
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
BUSA’s largest tracked holder by dollar value, HANTZ FINANCIAL SERVICES, INC., sizes it at 3.2% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 3.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in BUSA 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 24 tracked filers holding BUSA, 18 increased or opened the position and 5 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 BUSA 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 3
- Live Oak Private Wealth LLC$1M
- Waverly Advisors, LLC$802K
- JANE STREET GROUP, LLC$587K
Largest adds
- STIFEL FINANCIAL CORP$3M
- Brooklyn Investment Group$1M
- ROYAL BANK OF CANADA$852K
- Kestra Advisory Services, LLC$464K
Largest trims
- HANTZ FINANCIAL SERVICES, INC.$23M
- A&I FINANCIAL SERVICES, LLC$471K
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 |
|---|---|---|---|---|
| HANTZ FINANCIAL SERVICES, INC. trimmed | 5,592,235 | $207M | 82.5% | 2026-Q1 |
| A&I FINANCIAL SERVICES, LLC trimmed | 444,162 | $16M | 6.6% | 2026-Q1 |
| Brooklyn Investment Group added | 206,088 | $8M | 3.0% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 97,017 | $4M | 1.4% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 91,397 | $3M | 1.3% | 2026-Q1 |
| NKCFO LLC | 82,100 | $3M | 1.2% | 2026-Q1 |
| HARBOR INVESTMENT ADVISORY, LLC added | 33,045 | $1M | 0.5% | 2026-Q1 |
| Live Oak Private Wealth LLC new | 29,801 | $1M | 0.4% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 23,534 | $871K | 0.3% | 2026-Q1 |
| Waverly Advisors, LLC new | 21,651 | $802K | 0.3% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 15,866 | $587K | 0.2% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 14,320 | $530K | 0.2% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 6,999 | $259K | 0.1% | 2026-Q1 |
| Sanctuary Advisors, LLC new | 6,577 | $243K | 0.1% | 2026-Q1 |
| B. Riley Wealth Advisors, Inc. | 6,619 | $241K | 0.1% | 2026-Q1 |
| Dana Investment Advisors, Inc. new | 5,945 | $220K | 0.1% | 2026-Q1 |
| UBS Group AG added | 1,643 | $61K | 0.0% | 2026-Q1 |
| MORGAN STANLEY | 1,588 | $59K | 0.0% | 2026-Q1 |
| US BANCORP \DE\ new | 1,274 | $47K | 0.0% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 676 | $25K | 0.0% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC new | 625 | $23K | 0.0% | 2026-Q1 |
| SIGNATUREFD, LLC added | 526 | $19K | 0.0% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC trimmed | 445 | $16K | 0.0% | 2026-Q1 |
| NBC SECURITIES, INC. new | 62 | $2K | 0.0% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 62,531 | $2M | 0.8% | 2025-Q2 stale |
| McCarthy & Cox added | 15,329 | $503K | 0.2% | 2025-Q1 stale |
| STEPH & CO new | 7,337 | $268K | 0.1% | 2025-Q4 stale |
| CITADEL ADVISORS LLC trimmed | 7,095 | $259K | 0.1% | 2025-Q4 stale |
| ENVESTNET ASSET MANAGEMENT INC new | 7,108 | $248K | 0.1% | 2025-Q3 stale |
| JPMORGAN CHASE & CO new | 995 | $35K | 0.0% | 2025-Q3 stale |
| RAYMOND JAMES FINANCIAL INC new | 880 | $29K | 0.0% | 2025-Q2 stale |
| Geneos Wealth Management Inc. new | 293 | $10K | 0.0% | 2025-Q1 stale |
| CWM, LLC new | 226 | $8K | 0.0% | 2025-Q3 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 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.