Who owns CMBS
Which tracked institutional funds hold CMBS, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See CMBS company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-14). 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
12 tracked funds added or opened CMBS while 19 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
CMBS’s largest tracked holder by dollar value, UBS Group AG, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in CMBS 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 88 tracked filers holding CMBS, 42 increased or opened the position and 44 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 CMBS 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 1
- Veridan Wealth LLC$1M
Full exits 5
- SYKON CAPITAL LLC$4M
- GOLDMAN SACHS GROUP INC$3M
- Beacon Pointe Advisors, LLC$2M
- Maia Wealth LLC$983K
- FLOW TRADERS U.S. LLC$895K
Largest adds
- Prepared Retirement Institute LLC$13M
- PRUDENTIAL PLC$12M
- AE Wealth Management LLC$2M
- ARVEST INVESTMENTS, INC.$1M
- RAYMOND JAMES FINANCIAL INC$1M
- MORGAN STANLEY$1M
Largest trims
- UBS Group AG$9M
- SYON CAPITAL LLC$6M
- LPL Financial LLC$5M
- UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC$4M
- OSAIC HOLDINGS, INC.$3M
- CITADEL ADVISORS LLC$2M
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 |
|---|---|---|---|---|
| UBS Group AG trimmed | 1,469,948 | $72M | 17.6% | 2026-Q2 |
| AE Wealth Management LLC added | 575,306 | $28M | 6.9% | 2026-Q2 |
| ARVEST INVESTMENTS, INC. added | 494,745 | $24M | 5.9% | 2026-Q2 |
| PRUDENTIAL PLC added | 427,295 | $21M | 5.1% | 2026-Q2 |
| LPL Financial LLC trimmed | 426,140 | $21M | 5.1% | 2026-Q2 |
| SYON CAPITAL LLC trimmed | 411,146 | $20M | 4.9% | 2026-Q2 |
| HANCOCK WHITNEY CORP trimmed | 280,554 | $14M | 3.4% | 2026-Q2 |
| MORGAN STANLEY added | 271,168 | $13M | 3.2% | 2026-Q2 |
| Prepared Retirement Institute LLC added | 261,927 | $13M | 3.1% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 226,208 | $11M | 2.7% | 2026-Q2 |
| CENTRAL BANK & TRUST CO added | 194,047 | $9M | 2.3% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 189,251 | $9M | 2.3% | 2026-Q2 |
| Cetera Investment Advisers added | 163,077 | $8M | 2.0% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 153,445 | $7M | 1.8% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 137,709 | $7M | 1.6% | 2026-Q2 |
| OSAIC HOLDINGS, INC. trimmed | 120,322 | $6M | 1.4% | 2026-Q2 |
| SCHMIDT P J INVESTMENT MANAGEMENT INC added | 99,078 | $5M | 1.2% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 89,253 | $4M | 1.1% | 2026-Q2 |
| Krilogy Financial LLC added | 72,956 | $4M | 0.9% | 2026-Q2 |
| Ocean Park Asset Management, LLC | 63,286 | $3M | 0.8% | 2026-Q2 |
| Pathstone Holdings, LLC trimmed | 62,228 | $3M | 0.7% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 57,370 | $3M | 0.7% | 2026-Q2 |
| Insight Wealth Partners, LLC trimmed | 52,683 | $3M | 0.6% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 48,362 | $2M | 0.6% | 2026-Q2 |
| TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC trimmed | 44,099 | $2M | 0.5% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 40,041 | $2M | 0.5% | 2026-Q2 |
| GUIDANCE CAPITAL, INC added | 39,688 | $2M | 0.5% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 38,800 | $2M | 0.5% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 37,816 | $2M | 0.5% | 2026-Q2 |
| Rosenberg Matthew Hamilton added | 30,714 | $1M | 0.4% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 29,523 | $1M | 0.4% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 28,764 | $1M | 0.3% | 2026-Q2 |
| Palogic Value Management, L.P. trimmed | 26,503 | $1M | 0.3% | 2026-Q2 |
| Veridan Wealth LLC new | 22,000 | $1M | 0.3% | 2026-Q2 |
| Ethos Capital Management, Inc. trimmed | 19,951 | $971K | 0.2% | 2026-Q2 |
| Bank of New York Mellon Corp added | 19,702 | $958K | 0.2% | 2026-Q2 |
| GUGGENHEIM CAPITAL LLC trimmed | 18,711 | $910K | 0.2% | 2026-Q2 |
| Arete Wealth Advisors, LLC added | 17,561 | $854K | 0.2% | 2026-Q2 |
| Willis Johnson & Associates, Inc. trimmed | 16,246 | $790K | 0.2% | 2026-Q2 |
| Hyundai Investments Co., Ltd. added | 15,694 | $765K | 0.2% | 2026-Q2 |
| &PARTNERS added | 14,697 | $715K | 0.2% | 2026-Q2 |
| Advisory Alpha, LLC trimmed | 14,209 | $691K | 0.2% | 2026-Q2 |
| Cogent Private Wealth, Inc. | 14,152 | $689K | 0.2% | 2026-Q2 |
| MMA ASSET MANAGEMENT LLC added | 12,870 | $626K | 0.2% | 2026-Q2 |
| Heck Capital Advisors, LLC trimmed | 12,764 | $621K | 0.2% | 2026-Q2 |
| City Center Advisors, LLC added | 11,547 | $562K | 0.1% | 2026-Q2 |
| Visionary Wealth Advisors trimmed | 9,255 | $450K | 0.1% | 2026-Q2 |
| Columbus Macro, LLC trimmed | 8,819 | $429K | 0.1% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 8,264 | $402K | 0.1% | 2026-Q2 |
| IFP Advisors, Inc added | 7,869 | $383K | 0.1% | 2026-Q2 |
| Ridgewood Investments LLC | 6,907 | $336K | 0.1% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 6,608 | $321K | 0.1% | 2026-Q2 |
| Wealthcare Advisory Partners LLC added | 6,485 | $315K | 0.1% | 2026-Q2 |
| Knights of Columbus Asset Advisors LLC new | 6,345 | $309K | 0.1% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 5,346 | $260K | 0.1% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 5,115 | $249K | 0.1% | 2026-Q2 |
| Elevated Capital Advisors, LLC trimmed | 2,503 | $122K | 0.0% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 2,371 | $116K | 0.0% | 2026-Q2 |
| HORIZON FINANCIAL SERVICES, LLC trimmed | 1,807 | $88K | 0.0% | 2026-Q2 |
| ST GERMAIN D J CO INC | 1,613 | $78K | 0.0% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 1,606 | $78K | 0.0% | 2026-Q2 |
| FMR LLC added | 1,593 | $78K | 0.0% | 2026-Q2 |
| TIAA TRUST, NATIONAL ASSOCIATION trimmed | 1,431 | $70K | 0.0% | 2026-Q2 |
| Aptus Capital Advisors, LLC | 993 | $48K | 0.0% | 2026-Q2 |
| Wagner Wealth Management, LLC added | 920 | $45K | 0.0% | 2026-Q2 |
| ROGCO, LP new | 889 | $43K | 0.0% | 2026-Q2 |
| PRIVATE TRUST CO NA | 848 | $41K | 0.0% | 2026-Q2 |
| Ashton Thomas Private Wealth, LLC | 825 | $40K | 0.0% | 2026-Q2 |
| Decker Retirement Planning Inc. | 601 | $29K | 0.0% | 2026-Q2 |
| Strengthening Families & Communities, LLC added | 457 | $22K | 0.0% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ | 441 | $21K | 0.0% | 2026-Q2 |
| Bogart Wealth, LLC | 306 | $15K | 0.0% | 2026-Q2 |
| Geneos Wealth Management Inc. trimmed | 267 | $13K | 0.0% | 2026-Q2 |
| Global Retirement Partners, LLC trimmed | 227 | $11K | 0.0% | 2026-Q2 |
| Quest 10 Wealth Builders, Inc. added | 193 | $9K | 0.0% | 2026-Q2 |
| Signature Equity Partners, LLC trimmed | 145 | $7K | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC | 92 | $4K | 0.0% | 2026-Q2 |
| Rossby Financial, LCC | 75 | $4K | 0.0% | 2026-Q2 |
| Institute for Wealth Management, LLC. new | 68 | $3K | 0.0% | 2026-Q2 |
| Qube Research & Technologies Ltd | 46 | $2K | 0.0% | 2026-Q2 |
| IMG Wealth Management, Inc. | 32 | $2K | 0.0% | 2026-Q2 |
| TOUNJIAN ADVISORY PARTNERS, LLC trimmed | 27 | $1K | 0.0% | 2026-Q2 |
| Arax Advisory Partners trimmed | 13 | $633 | 0.0% | 2026-Q2 |
| COMPASS FINANCIAL MANAGEMENT LLC new | 7 | $341 | 0.0% | 2026-Q2 |
| FIDUCIARY FINANCIAL ADVISORS new | 5 | $222 | 0.0% | 2026-Q2 |
| Integrated Wealth Concepts LLC new | 2 | $105 | 0.0% | 2026-Q2 |
| Spurstone Advisory Services, LLC | 2 | $97 | 0.0% | 2026-Q2 |
| Kingdom Financial Group LLC. trimmed | 1 | $49 | 0.0% | 2026-Q2 |
| SYKON CAPITAL LLC trimmed | 72,009 | $4M | 0.9% | 2026-Q1 stale (1 quarter behind) |
| GOLDMAN SACHS GROUP INC added | 62,185 | $3M | 0.7% | 2026-Q1 stale (1 quarter behind) |
| Beacon Pointe Advisors, LLC new | 41,523 | $2M | 0.5% | 2026-Q1 stale (1 quarter behind) |
| Maia Wealth LLC added | 20,174 | $983K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| U.S. Capital Wealth Advisors, LLC added | 79,107 | $4M | 1.0% | 2025-Q4 stale (2 quarters behind) |
| BlackRock, Inc. | 40,625 | $2M | 0.5% | 2025-Q4 stale (2 quarters behind) |
| Envestnet Portfolio Solutions, Inc. added | 18,249 | $896K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| State of New Jersey Common Pension Fund D | 521,932 | $26M | 6.3% | 2025-Q3 stale (3 quarters behind) |
| Systelligence, LLC added | 330,156 | $16M | 4.0% | 2025-Q3 stale (3 quarters behind) |
| HighTower Advisors, LLC added | 112,740 | $5M | 1.4% | 2025-Q2 stale (4 quarters behind) |
| AVANTAX ADVISORY SERVICES, INC. added | 47,079 | $2M | 0.6% | 2025-Q2 stale (4 quarters behind) |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 26,716 | $1M | 0.3% | 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.