Who owns BWZ
Which tracked institutional funds hold BWZ, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BWZ company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-19). 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
11 tracked funds added or opened BWZ while 17 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
BWZ’s largest tracked holder by dollar value, RMG Wealth Management LLC, sizes it at 7.9% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 7.9pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in BWZ 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 69 tracked filers holding BWZ, 32 increased or opened the position and 34 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 BWZ 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
- GOLDMAN SACHS GROUP INC$23M
- Empowered Funds, LLC$6M
Full exits 7
- RMG Wealth Management LLC$77M
- Matthew Goff Investment Advisor, LLC$14M
- JANE STREET GROUP, LLC$7M
- AMERIPRISE FINANCIAL INC$3M
- Almanack Investment Partners, LLC.$2M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$2M
Largest adds
- LPL Financial LLC$2M
- UBS Group AG$2M
- LAM GROUP, INC.$1M
- Quent Capital, LLC$1M
- Walkner Condon Financial Advisors LLC$539K
- DMC Group, LLC$534K
Largest trims
- Financial Management Professionals, Inc.$24M
- EVERGREEN CAPITAL MANAGEMENT LLC$4M
- Patriot Financial Group Insurance Agency, LLC$2M
- Clarity Asset Management, Inc.$1M
- Rockefeller Capital Management L.P.$1M
- OSAIC HOLDINGS, INC.$736K
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 |
|---|---|---|---|---|
| Quent Capital, LLC added | 1,163,836 | $31M | 8.3% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 859,973 | $23M | 6.1% | 2026-Q2 |
| Checchi Capital Advisers, LLC trimmed | 618,247 | $17M | 4.4% | 2026-Q2 |
| Cresset Asset Management, LLC trimmed | 304,464 | $8M | 2.2% | 2026-Q2 |
| Walkner Condon Financial Advisors LLC added | 274,306 | $7M | 2.0% | 2026-Q2 |
| LAM GROUP, INC. added | 264,206 | $7M | 1.9% | 2026-Q2 |
| UBS Group AG added | 262,757 | $7M | 1.9% | 2026-Q2 |
| Empowered Funds, LLC added | 236,428 | $6M | 1.7% | 2026-Q2 |
| IEQ CAPITAL, LLC | 224,699 | $6M | 1.6% | 2026-Q2 |
| BLVD Private Wealth, LLC added | 221,479 | $6M | 1.6% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 214,513 | $6M | 1.5% | 2026-Q2 |
| DMC Group, LLC added | 199,152 | $5M | 1.4% | 2026-Q2 |
| MORGAN STANLEY added | 162,110 | $4M | 1.2% | 2026-Q2 |
| Creative Planning added | 136,069 | $4M | 1.0% | 2026-Q2 |
| Clarity Asset Management, Inc. trimmed | 133,731 | $4M | 1.0% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 123,852 | $3M | 0.9% | 2026-Q2 |
| CFG Wealth Management Services, Inc. | 113,466 | $3M | 0.8% | 2026-Q2 |
| Patriot Financial Group Insurance Agency, LLC trimmed | 102,347 | $3M | 0.7% | 2026-Q2 |
| Quantinno Capital Management LP trimmed | 99,925 | $3M | 0.7% | 2026-Q2 |
| LPL Financial LLC added | 99,563 | $3M | 0.7% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 99,478 | $3M | 0.7% | 2026-Q2 |
| EVERGREEN CAPITAL MANAGEMENT LLC trimmed | 86,641 | $2M | 0.6% | 2026-Q2 |
| OSAIC HOLDINGS, INC. trimmed | 85,508 | $2M | 0.6% | 2026-Q2 |
| STUDIO INVESTMENT MANAGEMENT LLC added | 76,055 | $2M | 0.5% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 67,162 | $2M | 0.5% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 66,365 | $2M | 0.5% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 60,278 | $2M | 0.4% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 48,070 | $1M | 0.3% | 2026-Q2 |
| Park Edge Advisors, LLC trimmed | 47,048 | $1M | 0.3% | 2026-Q2 |
| MASTER'S WEALTH MANAGEMENT INC. trimmed | 46,424 | $1M | 0.3% | 2026-Q2 |
| Legacy Wealth Asset Management, LLC added | 30,582 | $818K | 0.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 29,870 | $799K | 0.2% | 2026-Q2 |
| Cerity Partners OCIO LLC trimmed | 26,371 | $705K | 0.2% | 2026-Q2 |
| Belpointe Asset Management LLC trimmed | 26,079 | $698K | 0.2% | 2026-Q2 |
| NerdWallet Wealth Partners, LLC added | 23,421 | $627K | 0.2% | 2026-Q2 |
| Lunt Capital Management, Inc. added | 23,020 | $616K | 0.2% | 2026-Q2 |
| DF DENT & CO INC | 22,300 | $597K | 0.2% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 21,658 | $579K | 0.2% | 2026-Q2 |
| SATOVSKY ASSET MANAGEMENT LLC added | 20,335 | $544K | 0.1% | 2026-Q2 |
| LEAVELL INVESTMENT MANAGEMENT, INC. added | 18,649 | $499K | 0.1% | 2026-Q2 |
| Haverford Trust Co | 18,439 | $493K | 0.1% | 2026-Q2 |
| Empirical Asset Management, LLC added | 18,397 | $492K | 0.1% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 17,353 | $464K | 0.1% | 2026-Q2 |
| Pinnacle Financial Partners, Inc. | 15,884 | $425K | 0.1% | 2026-Q2 |
| Financial Management Professionals, Inc. trimmed | 14,726 | $394K | 0.1% | 2026-Q2 |
| Purpose Unlimited Inc. trimmed | 13,505 | $367K | 0.1% | 2026-Q2 |
| FIDUCIARY FINANCIAL GROUP, LLC | 12,282 | $329K | 0.1% | 2026-Q2 |
| Csenge Advisory Group added | 11,071 | $296K | 0.1% | 2026-Q2 |
| Destination Wealth Management new | 10,287 | $275K | 0.1% | 2026-Q2 |
| Martin Capital Partners, LLC trimmed | 9,632 | $258K | 0.1% | 2026-Q2 |
| Cerity Partners LLC added | 7,950 | $213K | 0.1% | 2026-Q2 |
| TRU INDEPENDENCE ASSET MANAGEMENT 2, LLC new | 7,748 | $207K | 0.1% | 2026-Q2 |
| LFA - Lugano Financial Advisors SA | 7,271 | $184K | 0.0% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 4,991 | $134K | 0.0% | 2026-Q2 |
| Allworth Financial LP | 2,710 | $72K | 0.0% | 2026-Q2 |
| CREATIVE FINANCIAL DESIGNS INC /ADV added | 1,036 | $28K | 0.0% | 2026-Q2 |
| ASSETMARK, INC added | 440 | $12K | 0.0% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 368 | $10K | 0.0% | 2026-Q2 |
| CARDIFF PARK ADVISORS, LLC | 325 | $9K | 0.0% | 2026-Q2 |
| Transamerica Financial Advisors, LLC trimmed | 314 | $8K | 0.0% | 2026-Q2 |
| Integrated Wealth Concepts LLC new | 308 | $8K | 0.0% | 2026-Q2 |
| Smartleaf Asset Management LLC | 168 | $4K | 0.0% | 2026-Q2 |
| Elevated Capital Advisors, LLC | 158 | $4K | 0.0% | 2026-Q2 |
| Caldwell Trust Co | 125 | $3K | 0.0% | 2026-Q2 |
| FMR LLC | 113 | $3K | 0.0% | 2026-Q2 |
| Global Retirement Partners, LLC added | 111 | $3K | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC | 79 | $2K | 0.0% | 2026-Q2 |
| FIDUCIARY FINANCIAL ADVISORS new | 8 | $187 | 0.0% | 2026-Q2 |
| EASTERN BANK | 1 | $27 | 0.0% | 2026-Q2 |
| RMG Wealth Management LLC new | 3,062,058 | $77M | 20.4% | 2026-Q1 stale (1 quarter behind) |
| Matthew Goff Investment Advisor, LLC new | 564,750 | $14M | 3.8% | 2026-Q1 stale (1 quarter behind) |
| JANE STREET GROUP, LLC added | 269,336 | $7M | 1.9% | 2026-Q1 stale (1 quarter behind) |
| AMERIPRISE FINANCIAL INC added | 109,288 | $3M | 0.8% | 2026-Q1 stale (1 quarter behind) |
| Almanack Investment Partners, LLC. trimmed | 81,729 | $2M | 0.6% | 2026-Q1 stale (1 quarter behind) |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 63,353 | $2M | 0.5% | 2026-Q1 stale (1 quarter behind) |
| Palisades Hudson Asset Management, L.P. added | 20,115 | $541K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Trademark Financial Management, LLC trimmed | 16,401 | $442K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| ONE PLUS ONE WEALTH MANAGEMENT, LLC | 9,718 | $262K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| TWO SIGMA SECURITIES, LLC new | 8,078 | $217K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| HRT FINANCIAL LP new | 8,093 | $217K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Quent Long Short Global Small Cap Fund, LP new | 1,004,228 | $28M | 7.3% | 2025-Q4 stale (2 quarters behind) |
| GTS SECURITIES LLC new | 97,567 | $3M | 0.7% | 2025-Q4 stale (2 quarters behind) |
| AVALON CAPITAL MANAGEMENT trimmed | 51,535 | $1M | 0.4% | 2025-Q4 stale (2 quarters behind) |
| Ethos Financial Group, LLC new | 14,008 | $384K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| Janney Montgomery Scott LLC | 7,519 | $206K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| Laurel Wealth Planning LLC added | 422,830 | $12M | 3.1% | 2025-Q3 stale (3 quarters behind) |
| SYNOVUS FINANCIAL CORP new | 12,273 | $341K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| Heartwood Wealth Advisors LLC new | 6,268 | $174K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| CW Advisors, LLC new | 1,092,802 | $31M | 8.2% | 2025-Q2 stale (4 quarters behind) |
| Algorithmic Investment Models, LLC new | 128,711 | $4M | 1.0% | 2025-Q2 stale (4 quarters behind) |
| Balefire, LLC new | 56,091 | $2M | 0.4% | 2025-Q2 stale (4 quarters behind) |
| JPMORGAN CHASE & CO new | 23,530 | $660K | 0.2% | 2025-Q2 stale (4 quarters behind) |
| Private Advisor Group, LLC new | 21,684 | $609K | 0.2% | 2025-Q2 stale (4 quarters behind) |
| VestGen Investment Management new | 20,892 | $586K | 0.2% | 2025-Q2 stale (4 quarters behind) |
| Ascent Group, LLC new | 20,530 | $576K | 0.2% | 2025-Q2 stale (4 quarters behind) |
| FUTURE YOU WEALTH LLC new | 14,890 | $418K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| HighTower Advisors, LLC new | 10,950 | $307K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Ignite Planners, LLC new | 10,320 | $285K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Atria Investments, Inc new | 8,403 | $236K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Cambridge Investment Research Advisors, Inc. new | 7,296 | $205K | 0.1% | 2025-Q2 stale (4 quarters behind) |
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.