Who owns BWZ (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-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
20 tracked funds added or opened BWZ while 13 trimmed or exited it between 2025-Q4 and 2026-Q1 — 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 8.8% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 8.8pp 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 2025-Q4 and 2026-Q1, across 74 tracked filers holding BWZ, 46 increased or opened the position and 30 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 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 7
- RMG Wealth Management LLC$77M
- Matthew Goff Investment Advisor, LLC$14M
- EVERGREEN CAPITAL MANAGEMENT LLC$6M
- BLVD Private Wealth, LLC$6M
- AMERIPRISE FINANCIAL INC$3M
- CITADEL ADVISORS LLC$988K
Full exits 5
- Quent Long Short Global Small Cap Fund, LP$28M
- GOLDMAN SACHS GROUP INC$6M
- Empowered Funds, LLC$4M
- GTS SECURITIES LLC$3M
- AVALON CAPITAL MANAGEMENT$1M
Largest adds
- LAM GROUP, INC.$5M
- MORGAN STANLEY$4M
- Cresset Asset Management, LLC$3M
- Patriot Financial Group Insurance Agency, LLC$3M
- Quent Capital, LLC$3M
- BANK OF AMERICA CORP /DE/$1M
Largest trims
- OSAIC HOLDINGS, INC.$31M
- Almanack Investment Partners, LLC.$12M
- Park Edge Advisors, LLC$5M
- Clarity Asset Management, Inc.$2M
- Transamerica Financial Advisors, LLC$906K
- Rockefeller Capital Management L.P.$748K
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 |
|---|---|---|---|---|
| RMG Wealth Management LLC new | 3,062,058 | $77M | 20.0% | 2026-Q1 |
| Quent Capital, LLC added | 1,116,054 | $30M | 7.8% | 2026-Q1 |
| Financial Management Professionals, Inc. added | 915,870 | $25M | 6.4% | 2026-Q1 |
| Checchi Capital Advisers, LLC added | 640,878 | $17M | 4.5% | 2026-Q1 |
| Matthew Goff Investment Advisor, LLC new | 564,750 | $14M | 3.7% | 2026-Q1 |
| Cresset Asset Management, LLC added | 309,760 | $8M | 2.2% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 269,336 | $7M | 1.9% | 2026-Q1 |
| Walkner Condon Financial Advisors LLC added | 252,567 | $7M | 1.8% | 2026-Q1 |
| EVERGREEN CAPITAL MANAGEMENT LLC new | 230,760 | $6M | 1.6% | 2026-Q1 |
| IEQ CAPITAL, LLC | 224,699 | $6M | 1.6% | 2026-Q1 |
| LAM GROUP, INC. added | 219,600 | $6M | 1.5% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 212,871 | $6M | 1.5% | 2026-Q1 |
| BLVD Private Wealth, LLC new | 207,973 | $6M | 1.5% | 2026-Q1 |
| UBS Group AG added | 192,990 | $5M | 1.4% | 2026-Q1 |
| Patriot Financial Group Insurance Agency, LLC added | 191,424 | $5M | 1.3% | 2026-Q1 |
| DMC Group, LLC added | 178,056 | $5M | 1.2% | 2026-Q1 |
| Clarity Asset Management, Inc. trimmed | 176,725 | $5M | 1.2% | 2026-Q1 |
| MORGAN STANLEY added | 161,573 | $4M | 1.1% | 2026-Q1 |
| Creative Planning added | 128,810 | $3M | 0.9% | 2026-Q1 |
| CFG Wealth Management Services, Inc. added | 113,466 | $3M | 0.8% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 112,377 | $3M | 0.8% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 112,322 | $3M | 0.8% | 2026-Q1 |
| Rockefeller Capital Management L.P. trimmed | 109,413 | $3M | 0.8% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 109,288 | $3M | 0.8% | 2026-Q1 |
| Quantinno Capital Management LP added | 101,032 | $3M | 0.7% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 98,209 | $3M | 0.7% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 89,287 | $2M | 0.6% | 2026-Q1 |
| Almanack Investment Partners, LLC. trimmed | 81,729 | $2M | 0.6% | 2026-Q1 |
| STUDIO INVESTMENT MANAGEMENT LLC | 70,522 | $2M | 0.5% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 66,093 | $2M | 0.5% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 63,353 | $2M | 0.4% | 2026-Q1 |
| MASTER'S WEALTH MANAGEMENT INC. trimmed | 55,827 | $2M | 0.4% | 2026-Q1 |
| Park Edge Advisors, LLC trimmed | 47,439 | $1M | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 36,685 | $988K | 0.3% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 35,392 | $953K | 0.2% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 33,595 | $904K | 0.2% | 2026-Q1 |
| Cerity Partners OCIO LLC added | 32,366 | $871K | 0.2% | 2026-Q1 |
| Legacy Wealth Asset Management, LLC added | 29,677 | $799K | 0.2% | 2026-Q1 |
| Belpointe Asset Management LLC added | 27,848 | $750K | 0.2% | 2026-Q1 |
| Lunt Capital Management, Inc. added | 22,805 | $614K | 0.2% | 2026-Q1 |
| DF DENT & CO INC | 22,300 | $600K | 0.2% | 2026-Q1 |
| NerdWallet Wealth Partners, LLC new | 20,236 | $545K | 0.1% | 2026-Q1 |
| SATOVSKY ASSET MANAGEMENT LLC added | 20,227 | $545K | 0.1% | 2026-Q1 |
| Palisades Hudson Asset Management, L.P. added | 20,115 | $541K | 0.1% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 19,132 | $515K | 0.1% | 2026-Q1 |
| Haverford Trust Co added | 18,439 | $496K | 0.1% | 2026-Q1 |
| Trademark Financial Management, LLC trimmed | 16,401 | $442K | 0.1% | 2026-Q1 |
| Pinnacle Financial Partners, Inc. added | 15,884 | $428K | 0.1% | 2026-Q1 |
| LEAVELL INVESTMENT MANAGEMENT, INC. added | 15,865 | $427K | 0.1% | 2026-Q1 |
| Empirical Asset Management, LLC added | 14,743 | $397K | 0.1% | 2026-Q1 |
| Purpose Unlimited Inc. trimmed | 14,073 | $379K | 0.1% | 2026-Q1 |
| LPL Financial LLC trimmed | 12,457 | $335K | 0.1% | 2026-Q1 |
| FIDUCIARY FINANCIAL GROUP, LLC trimmed | 12,282 | $331K | 0.1% | 2026-Q1 |
| Martin Capital Partners, LLC trimmed | 9,829 | $265K | 0.1% | 2026-Q1 |
| ONE PLUS ONE WEALTH MANAGEMENT, LLC | 9,718 | $262K | 0.1% | 2026-Q1 |
| TWO SIGMA SECURITIES, LLC trimmed | 8,078 | $217K | 0.1% | 2026-Q1 |
| HRT FINANCIAL LP new | 8,093 | $217K | 0.1% | 2026-Q1 |
| Cerity Partners LLC added | 7,947 | $214K | 0.1% | 2026-Q1 |
| Csenge Advisory Group new | 7,755 | $209K | 0.1% | 2026-Q1 |
| LFA - Lugano Financial Advisors SA added | 7,271 | $195K | 0.1% | 2026-Q1 |
| FIFTH THIRD BANCORP new | 5,374 | $145K | 0.0% | 2026-Q1 |
| Allworth Financial LP added | 2,710 | $73K | 0.0% | 2026-Q1 |
| CREATIVE FINANCIAL DESIGNS INC /ADV added | 1,031 | $28K | 0.0% | 2026-Q1 |
| Transamerica Financial Advisors, LLC trimmed | 717 | $19K | 0.0% | 2026-Q1 |
| ASSETMARK, INC trimmed | 425 | $11K | 0.0% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 366 | $10K | 0.0% | 2026-Q1 |
| CARDIFF PARK ADVISORS, LLC | 325 | $9K | 0.0% | 2026-Q1 |
| Smartleaf Asset Management LLC | 168 | $4K | 0.0% | 2026-Q1 |
| Elevated Capital Advisors, LLC trimmed | 158 | $4K | 0.0% | 2026-Q1 |
| CW Advisors, LLC new | 1,092,802 | $31M | 8.0% | 2025-Q2 stale |
| Quent Long Short Global Small Cap Fund, LP new | 1,004,228 | $28M | 7.2% | 2025-Q4 stale |
| Laurel Wealth Planning LLC added | 422,830 | $12M | 3.1% | 2025-Q3 stale |
| GOLDMAN SACHS GROUP INC new | 212,022 | $6M | 1.5% | 2025-Q4 stale |
| Empowered Funds, LLC trimmed | 149,268 | $4M | 1.1% | 2025-Q4 stale |
| Algorithmic Investment Models, LLC new | 128,711 | $4M | 0.9% | 2025-Q2 stale |
| GTS SECURITIES LLC new | 97,567 | $3M | 0.7% | 2025-Q4 stale |
| Balefire, LLC new | 56,091 | $2M | 0.4% | 2025-Q2 stale |
| AVALON CAPITAL MANAGEMENT trimmed | 51,535 | $1M | 0.4% | 2025-Q4 stale |
| JPMORGAN CHASE & CO added | 23,530 | $660K | 0.2% | 2025-Q2 stale |
| Private Advisor Group, LLC new | 21,684 | $609K | 0.2% | 2025-Q2 stale |
| VestGen Investment Management new | 20,892 | $586K | 0.2% | 2025-Q2 stale |
| Ascent Group, LLC new | 20,530 | $576K | 0.2% | 2025-Q2 stale |
| FUTURE YOU WEALTH LLC new | 14,890 | $418K | 0.1% | 2025-Q2 stale |
| Ethos Financial Group, LLC new | 14,008 | $384K | 0.1% | 2025-Q4 stale |
| SYNOVUS FINANCIAL CORP new | 12,273 | $341K | 0.1% | 2025-Q3 stale |
| HighTower Advisors, LLC trimmed | 10,950 | $307K | 0.1% | 2025-Q2 stale |
| Ignite Planners, LLC new | 10,320 | $285K | 0.1% | 2025-Q2 stale |
| Atria Investments, Inc trimmed | 8,403 | $236K | 0.1% | 2025-Q2 stale |
| Janney Montgomery Scott LLC | 7,519 | $206K | 0.1% | 2025-Q4 stale |
| Cambridge Investment Research Advisors, Inc. new | 7,296 | $205K | 0.1% | 2025-Q2 stale |
| Heartwood Wealth Advisors LLC new | 6,268 | $174K | 0.0% | 2025-Q3 stale |
| COMERICA BANK | 5,626 | $154K | 0.0% | 2025-Q4 stale |
| RAYMOND JAMES FINANCIAL INC new | 3,284 | $92K | 0.0% | 2025-Q2 stale |
| Inlight Wealth Management, LLC | 3,189 | $87K | 0.0% | 2025-Q4 stale |
| CWM, LLC | 2,000 | $56K | 0.0% | 2025-Q2 stale |
| MONTAG A & ASSOCIATES INC | 1,696 | $46K | 0.0% | 2025-Q4 stale |
| NATIONAL BANK OF CANADA /FI/ new | 1,706 | $46K | 0.0% | 2025-Q4 stale |
| Johnson Financial Group, Inc. new | 807 | $23K | 0.0% | 2025-Q2 stale |
| AE Wealth Management LLC new | 300 | $8K | 0.0% | 2025-Q2 stale |
| PRINCIPAL SECURITIES, INC. trimmed | 185 | $5K | 0.0% | 2025-Q3 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.