Who owns CEF (CEF)
Which tracked institutional funds hold CEF, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See CEF 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
73 tracked funds added or opened CEF while 79 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
CEF’s largest tracked holder by dollar value, CENTRAL TRUST Co, sizes it at 4.6% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 4.4pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in CEF 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 453 tracked filers holding CEF, 143 increased or opened the position and 226 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 CEF 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 26
- IMC-Chicago, LLC$165M
- Weiss Asset Management LP$83M
- Marshall Financial Group, LLC$26M
- TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC$16M
- Cable Car Capital, LP$10M
- GOLDMAN SACHS GROUP INC$8M
Full exits 14
- Janney Montgomery Scott LLC$8M
- SBE LLC DBA CEDAR COVE WEALTH PARTNERS$7M
- Fore Capital, LLC$5M
- J.W. COLE ADVISORS, INC.$3M
- PHILADELPHIA TRUST CO$3M
- Nalls Sherbakoff Group, LLC$3M
Largest adds
- JANE STREET GROUP, LLC$33M
- WELLS FARGO & COMPANY/MN$21M
- CITADEL ADVISORS LLC$16M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$13M
- Mariner, LLC$6M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$5M
Largest trims
- CENTRAL TRUST Co$106M
- MORGAN STANLEY$64M
- Bleakley Financial Group, LLC$22M
- Inlight Wealth Management, LLC$18M
- SHUFRO ROSE & CO LLC$15M
- TIAA TRUST, NATIONAL ASSOCIATION$15M
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 |
|---|---|---|---|---|
| CENTRAL TRUST Co trimmed | 4,864,374 | $232M | 9.4% | 2026-Q1 |
| Bleakley Financial Group, LLC trimmed | 4,192,955 | $200M | 8.1% | 2026-Q1 |
| MORGAN STANLEY trimmed | 4,054,540 | $193M | 7.9% | 2026-Q1 |
| JUPITER ASSET MANAGEMENT LTD trimmed | 3,548,060 | $169M | 6.9% | 2026-Q1 |
| IMC-Chicago, LLC added | 3,464,915 | $165M | 6.7% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 3,315,950 | $158M | 6.4% | 2026-Q1 |
| Weiss Asset Management LP added | 1,739,500 | $83M | 3.4% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 1,181,850 | $56M | 2.3% | 2026-Q1 |
| Baird Financial Group, Inc. trimmed | 1,088,961 | $52M | 2.1% | 2026-Q1 |
| MANAGED ASSET PORTFOLIOS, LLC trimmed | 961,480 | $46M | 1.9% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 939,055 | $45M | 1.8% | 2026-Q1 |
| LPL Financial LLC trimmed | 909,025 | $43M | 1.8% | 2026-Q1 |
| Evelyn Partners Investment Management LLP trimmed | 797,590 | $38M | 1.5% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 697,426 | $33M | 1.4% | 2026-Q1 |
| SPROTT INC. trimmed | 648,693 | $31M | 1.3% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 630,204 | $30M | 1.2% | 2026-Q1 |
| Cheviot Value Management, LLC trimmed | 573,842 | $27M | 1.1% | 2026-Q1 |
| Beaumont Financial Advisors, LLC trimmed | 564,984 | $27M | 1.1% | 2026-Q1 |
| Marshall Financial Group, LLC new | 544,328 | $26M | 1.1% | 2026-Q1 |
| CIBC WORLD MARKET INC. trimmed | 503,392 | $24M | 1.0% | 2026-Q1 |
| Cannell & Spears LLC | 483,025 | $23M | 0.9% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 509,333 | $23M | 0.9% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 450,465 | $21M | 0.9% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 384,376 | $18M | 0.7% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC trimmed | 361,634 | $17M | 0.7% | 2026-Q1 |
| EVERGREEN CAPITAL MANAGEMENT LLC trimmed | 359,938 | $17M | 0.7% | 2026-Q1 |
| HOLLENCREST CAPITAL MANAGEMENT | 356,183 | $17M | 0.7% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 347,316 | $17M | 0.7% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 345,373 | $16M | 0.7% | 2026-Q1 |
| TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC new | 339,510 | $16M | 0.7% | 2026-Q1 |
| COHEN & STEERS, INC. trimmed | 338,497 | $16M | 0.7% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 338,427 | $16M | 0.7% | 2026-Q1 |
| MATAURO, LLC trimmed | 336,060 | $16M | 0.7% | 2026-Q1 |
| New Harbor Financial Group, LLC trimmed | 329,714 | $16M | 0.6% | 2026-Q1 |
| PFG Investments, LLC trimmed | 320,817 | $15M | 0.6% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 273,113 | $13M | 0.5% | 2026-Q1 |
| 3EDGE Asset Management, LP trimmed | 287,664 | $13M | 0.5% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 323,916 | $13M | 0.5% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 270,326 | $13M | 0.5% | 2026-Q1 |
| Private Advisor Group, LLC trimmed | 269,898 | $13M | 0.5% | 2026-Q1 |
| Mariner, LLC added | 254,069 | $12M | 0.5% | 2026-Q1 |
| NewEdge Wealth, LLC | 253,922 | $12M | 0.5% | 2026-Q1 |
| Federation des caisses Desjardins du Quebec added | 294,730 | $12M | 0.5% | 2026-Q1 |
| SAPIENT CAPITAL LLC | 237,789 | $11M | 0.5% | 2026-Q1 |
| Cadence Wealth Management LLC trimmed | 214,094 | $10M | 0.4% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 213,694 | $10M | 0.4% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 208,227 | $10M | 0.4% | 2026-Q1 |
| INTREPID CAPITAL MANAGEMENT INC trimmed | 203,948 | $10M | 0.4% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 213,735 | $10M | 0.4% | 2026-Q1 |
| Cable Car Capital, LP new | 200,000 | $10M | 0.4% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 199,331 | $10M | 0.4% | 2026-Q1 |
| Evelyn Partners Investment Management Services Ltd added | 198,011 | $9M | 0.4% | 2026-Q1 |
| IFP Advisors, Inc trimmed | 197,649 | $9M | 0.4% | 2026-Q1 |
| Pacific Sage Partners, LLC trimmed | 195,907 | $9M | 0.4% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 198,205 | $9M | 0.4% | 2026-Q1 |
| PYA Waltman Capital, LLC trimmed | 191,270 | $9M | 0.4% | 2026-Q1 |
| Gem Investment Advisors, LLC trimmed | 187,561 | $9M | 0.4% | 2026-Q1 |
| TrustWell Financial Advisors, LLC trimmed | 182,952 | $9M | 0.4% | 2026-Q1 |
| FLAGSHIP HARBOR ADVISORS, LLC trimmed | 178,861 | $9M | 0.3% | 2026-Q1 |
| Arkadios Wealth Advisors trimmed | 173,748 | $8M | 0.3% | 2026-Q1 |
| Euro Pacific Asset Management, LLC trimmed | 274,028 | $8M | 0.3% | 2026-Q1 |
| TD Waterhouse Canada Inc. added | 171,260 | $8M | 0.3% | 2026-Q1 |
| Pekin Hardy Strauss, Inc. trimmed | 166,987 | $8M | 0.3% | 2026-Q1 |
| Brookstone Capital Management trimmed | 166,301 | $8M | 0.3% | 2026-Q1 |
| LEVEL FOUR ADVISORY SERVICES, LLC trimmed | 161,709 | $8M | 0.3% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC new | 160,550 | $8M | 0.3% | 2026-Q1 |
| Chicago Capital, LLC | 155,365 | $7M | 0.3% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS trimmed | 147,578 | $7M | 0.3% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 141,335 | $7M | 0.3% | 2026-Q1 |
| &PARTNERS trimmed | 133,884 | $6M | 0.3% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 129,069 | $6M | 0.3% | 2026-Q1 |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV trimmed | 128,030 | $6M | 0.2% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 125,834 | $6M | 0.2% | 2026-Q1 |
| ROBERTS GLORE & CO INC /IL/ trimmed | 125,828 | $6M | 0.2% | 2026-Q1 |
| Logan Stone Capital, LLC new | 125,705 | $6M | 0.2% | 2026-Q1 |
| MARATHON CAPITAL MANAGEMENT trimmed | 120,375 | $6M | 0.2% | 2026-Q1 |
| Focus Partners Wealth added | 120,021 | $6M | 0.2% | 2026-Q1 |
| Atria Investments, Inc added | 119,227 | $6M | 0.2% | 2026-Q1 |
| AE Wealth Management LLC added | 118,243 | $6M | 0.2% | 2026-Q1 |
| Concurrent Investment Advisors, LLC trimmed | 117,448 | $6M | 0.2% | 2026-Q1 |
| OPPENHEIMER & CO INC trimmed | 111,833 | $5M | 0.2% | 2026-Q1 |
| Robertson Stephens Wealth Management, LLC added | 110,416 | $5M | 0.2% | 2026-Q1 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC added | 105,605 | $5M | 0.2% | 2026-Q1 |
| Delta Investment Management, LLC trimmed | 106,561 | $5M | 0.2% | 2026-Q1 |
| STEEL GROVE CAPITAL ADVISORS, LLC trimmed | 105,482 | $5M | 0.2% | 2026-Q1 |
| Financial Planning Navigators CORP trimmed | 100,768 | $5M | 0.2% | 2026-Q1 |
| CHASE INVESTMENT COUNSEL CORP | 99,476 | $5M | 0.2% | 2026-Q1 |
| Ancora Advisors LLC trimmed | 95,794 | $5M | 0.2% | 2026-Q1 |
| Integrated Wealth Concepts LLC added | 95,026 | $5M | 0.2% | 2026-Q1 |
| BOOTHBAY FUND MANAGEMENT, LLC trimmed | 95,000 | $5M | 0.2% | 2026-Q1 |
| Wealthcare Advisory Partners LLC added | 94,841 | $5M | 0.2% | 2026-Q1 |
| Mutual Advisors, LLC trimmed | 94,822 | $5M | 0.2% | 2026-Q1 |
| HOHIMER WEALTH MANAGEMENT, LLC added | 92,701 | $4M | 0.2% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 92,367 | $4M | 0.2% | 2026-Q1 |
| Rothschild Wealth LLC trimmed | 90,772 | $4M | 0.2% | 2026-Q1 |
| GWN SECURITIES INC. | 88,794 | $4M | 0.2% | 2026-Q1 |
| Parallax Volatility Advisers, L.P. trimmed | 641,772 | $19M | 0.8% | 2025-Q2 stale |
| Janney Montgomery Scott LLC added | 174,083 | $8M | 0.3% | 2025-Q4 stale |
| SBE LLC DBA CEDAR COVE WEALTH PARTNERS new | 150,762 | $7M | 0.3% | 2025-Q4 stale |
| Fore Capital, LLC | 110,000 | $5M | 0.2% | 2025-Q4 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.