Who owns BWMX (BWMX)
Which tracked institutional funds hold BWMX, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BWMX 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 BWMX is one-sided between 2025-Q4 and 2026-Q1: 10 added or opened and 3 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
BWMX’s largest tracked holder by dollar value, MMBG INVESTMENT ADVISORS CO., sizes it at 5.3% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 5.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in BWMX 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 46 tracked filers holding BWMX, 34 increased or opened the position and 14 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 BWMX 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
- GFS Advisors, LLC$3M
- LAZARD ASSET MANAGEMENT LLC$785K
- Engineers Gate Manager LP$768K
- SEI INVESTMENTS CO$613K
Full exits 1
- MARSHALL WACE, LLP$564K
Largest adds
- ACADIAN ASSET MANAGEMENT LLC$3M
- MORGAN STANLEY$2M
- GOLDMAN SACHS GROUP INC$1M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$852K
- QUATTRO FINANCIAL ADVISORS LLC$554K
- STATE STREET CORP$260K
Largest trims
- MILLENNIUM MANAGEMENT LLC$503K
- CITADEL ADVISORS LLC$270K
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 |
|---|---|---|---|---|
| MMBG INVESTMENT ADVISORS CO. trimmed | 3,429,352 | $58M | 67.1% | 2026-Q1 |
| ACADIAN ASSET MANAGEMENT LLC added | 305,959 | $5M | 6.0% | 2026-Q1 |
| GFS Advisors, LLC new | 22,845 | $3M | 3.0% | 2026-Q1 |
| MORGAN STANLEY added | 123,813 | $2M | 2.4% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 121,352 | $2M | 2.4% | 2026-Q1 |
| STATE STREET CORP added | 91,329 | $2M | 1.8% | 2026-Q1 |
| QUATTRO FINANCIAL ADVISORS LLC added | 75,000 | $1M | 1.5% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 72,582 | $1M | 1.4% | 2026-Q1 |
| Redhawk Wealth Advisors, Inc. trimmed | 64,631 | $1M | 1.3% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 59,216 | $998K | 1.2% | 2026-Q1 |
| LAZARD ASSET MANAGEMENT LLC added | 46,587 | $785K | 0.9% | 2026-Q1 |
| Engineers Gate Manager LP new | 45,568 | $768K | 0.9% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 36,400 | $614K | 0.7% | 2026-Q1 |
| SEI INVESTMENTS CO new | 36,371 | $613K | 0.7% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 33,715 | $568K | 0.7% | 2026-Q1 |
| UBS Group AG trimmed | 31,509 | $531K | 0.6% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 25,814 | $435K | 0.5% | 2026-Q1 |
| Numerai GP LLC new | 22,114 | $373K | 0.4% | 2026-Q1 |
| XTX Topco Ltd new | 20,266 | $342K | 0.4% | 2026-Q1 |
| Susquehanna Portfolio Strategies, LLC new | 15,873 | $268K | 0.3% | 2026-Q1 |
| GSA CAPITAL PARTNERS LLP trimmed | 15,454 | $261K | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 14,895 | $251K | 0.3% | 2026-Q1 |
| EXCHANGE TRADED CONCEPTS, LLC new | 13,646 | $230K | 0.3% | 2026-Q1 |
| Bulltick Wealth Management, LLC trimmed | 12,845 | $217K | 0.3% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 12,340 | $208K | 0.2% | 2026-Q1 |
| CONFLUENCE INVESTMENT MANAGEMENT LLC trimmed | 10,328 | $174K | 0.2% | 2026-Q1 |
| NEW YORK STATE COMMON RETIREMENT FUND added | 5,548 | $94K | 0.1% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 2,868 | $48K | 0.1% | 2026-Q1 |
| EverSource Wealth Advisors, LLC added | 727 | $36K | 0.0% | 2026-Q1 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO new | 1,710 | $29K | 0.0% | 2026-Q1 |
| Russell Investments Group, Ltd. new | 1,632 | $27K | 0.0% | 2026-Q1 |
| CITIGROUP INC trimmed | 1,464 | $25K | 0.0% | 2026-Q1 |
| BlackRock, Inc. added | 1,117 | $19K | 0.0% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 866 | $14K | 0.0% | 2026-Q1 |
| Anfield Capital Management, LLC new | 713 | $12K | 0.0% | 2026-Q1 |
| ROYAL BANK OF CANADA | 502 | $8K | 0.0% | 2026-Q1 |
| Rossby Financial, LCC new | 442 | $8K | 0.0% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN new | 285 | $5K | 0.0% | 2026-Q1 |
| WealthCollab, LLC | 221 | $4K | 0.0% | 2026-Q1 |
| SBI Securities Co., Ltd. added | 212 | $4K | 0.0% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 121 | $2K | 0.0% | 2026-Q1 |
| SIMPLEX TRADING, LLC trimmed | 85 | $1K | 0.0% | 2026-Q1 |
| Blue Trust, Inc. | 54 | $910 | 0.0% | 2026-Q1 |
| Larson Financial Group LLC new | 36 | $607 | 0.0% | 2026-Q1 |
| Sound Income Strategies, LLC added | 8 | $130 | 0.0% | 2026-Q1 |
| Walsh & Associates, LLC new | 5 | $84 | 0.0% | 2026-Q1 |
| CWA Asset Management Group, LLC added | 76,140 | $866K | 1.0% | 2025-Q1 stale |
| MARSHALL WACE, LLP trimmed | 39,667 | $564K | 0.7% | 2025-Q4 stale |
| COMMONS CAPITAL, LLC added | 54,468 | $471K | 0.5% | 2025-Q2 stale |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 29,871 | $424K | 0.5% | 2025-Q4 stale |
| Vident Advisory, LLC added | 26,226 | $298K | 0.3% | 2025-Q1 stale |
| Proficio Capital Partners LLC | 15,671 | $211K | 0.2% | 2025-Q3 stale |
| Jump Financial, LLC trimmed | 11,000 | $148K | 0.2% | 2025-Q3 stale |
| Squarepoint Ops LLC trimmed | 10,575 | $142K | 0.2% | 2025-Q3 stale |
| Banque Cantonale Vaudoise | 12,223 | $139K | 0.2% | 2025-Q1 stale |
| Invesco Ltd. trimmed | 10,723 | $93K | 0.1% | 2025-Q2 stale |
| US BANCORP \DE\ new | 2,275 | $20K | 0.0% | 2025-Q2 stale |
| GROUP ONE TRADING LLC new | 1,000 | $14K | 0.0% | 2025-Q4 stale |
| Greykasell Wealth Strategies, Inc. new | 775 | $9K | 0.0% | 2025-Q1 stale |
| Geneos Wealth Management Inc. | 200 | $2K | 0.0% | 2025-Q1 stale |
| Tower Research Capital LLC (TRC) trimmed | 97 | $1K | 0.0% | 2025-Q4 stale |
| Kiker Wealth Management, LLC new | 55 | $475 | 0.0% | 2025-Q2 stale |
| NewEdge Advisors, LLC trimmed | 15 | $213 | 0.0% | 2025-Q4 stale |
| BARCLAYS PLC new | 5 | $67 | 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.