Who owns COWG
Which tracked institutional funds hold COWG, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See COWG 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
The tracked-fund tape on COWG is one-sided between 2026-Q1 and 2026-Q2: 99 added or opened and 29 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
COWG’s largest tracked holder by dollar value, BANK OF AMERICA CORP /DE/, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.1pp gap the other way — the median holder sizes COWG more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in COWG 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 239 tracked filers holding COWG, 141 increased or opened the position and 118 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 COWG 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 9
- Ethos Financial Group, LLC$8M
- Bellars Harris Wealth Management, LLC$4M
- TWO SIGMA INVESTMENTS, LP$4M
- AMERIPRISE FINANCIAL INC$3M
- Modern Wealth Management, LLC$2M
- Perissos Private Wealth Management, LLC$1M
Full exits 13
- Cambridge Investment Research Advisors, Inc.$34M
- HighTower Advisors, LLC$15M
- Mariner, LLC$6M
- PARK AVENUE SECURITIES LLC$3M
- Independent Advisor Alliance$3M
- THOROUGHBRED FINANCIAL SERVICES, LLC$2M
Largest adds
- LPL Financial LLC$34M
- BANK OF AMERICA CORP /DE/$32M
- RAYMOND JAMES FINANCIAL INC$15M
- MORGAN STANLEY$14M
- JONES FINANCIAL COMPANIES LLLP$12M
- Cetera Investment Advisers$8M
Largest trims
- TRAPHAGEN INVESTMENT ADVISORS LLC$28M
- WELLS FARGO & COMPANY/MN$23M
- RFG Advisory, LLC$6M
- MML INVESTORS SERVICES, LLC$5M
- Rubicon Advisors, GP$4M
- Rockefeller Capital Management L.P.$3M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BANK OF AMERICA CORP /DE/ trimmed | 6,060,603 | $243M | 16.8% | 2026-Q2 |
| LPL Financial LLC added | 5,208,628 | $209M | 14.4% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 2,236,326 | $90M | 6.2% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 1,805,902 | $69M | 4.8% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 1,682,025 | $68M | 4.7% | 2026-Q2 |
| MORGAN STANLEY added | 1,580,176 | $63M | 4.4% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 1,126,523 | $45M | 3.1% | 2026-Q2 |
| Cetera Investment Advisers added | 1,103,243 | $44M | 3.1% | 2026-Q2 |
| OSAIC HOLDINGS, INC. trimmed | 892,744 | $36M | 2.5% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC trimmed | 778,017 | $31M | 2.2% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 668,597 | $27M | 1.8% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 580,323 | $23M | 1.6% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 527,699 | $21M | 1.5% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 508,853 | $20M | 1.4% | 2026-Q2 |
| Aspire Capital Advisors LLC added | 504,916 | $20M | 1.4% | 2026-Q2 |
| Foundations Investment Advisors, LLC added | 491,913 | $20M | 1.4% | 2026-Q2 |
| Heck Capital Advisors, LLC added | 474,716 | $19M | 1.3% | 2026-Q2 |
| Clark Capital Management Group, Inc. trimmed | 473,741 | $19M | 1.3% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 437,649 | $18M | 1.2% | 2026-Q2 |
| RVW Wealth, LLC added | 385,836 | $15M | 1.1% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 365,837 | $15M | 1.0% | 2026-Q2 |
| Plan Group Financial, LLC added | 325,050 | $13M | 0.9% | 2026-Q2 |
| Sylvest Advisors, LLC trimmed | 306,096 | $12M | 0.8% | 2026-Q2 |
| HBW ADVISORY SERVICES LLC added | 254,073 | $10M | 0.7% | 2026-Q2 |
| Z3 Capital Partners, LLC trimmed | 251,710 | $10M | 0.7% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 237,443 | $10M | 0.7% | 2026-Q2 |
| Team Financial Group, LLC added | 229,660 | $9M | 0.6% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 229,378 | $9M | 0.6% | 2026-Q2 |
| Cornerstone Wealth Management, LLC trimmed | 222,996 | $9M | 0.6% | 2026-Q2 |
| Ethos Financial Group, LLC trimmed | 209,382 | $8M | 0.5% | 2026-Q2 |
| Orion Porfolio Solutions, LLC trimmed | 207,912 | $8M | 0.6% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 206,298 | $8M | 0.6% | 2026-Q2 |
| FLAGSHIP HARBOR ADVISORS, LLC added | 192,829 | $8M | 0.5% | 2026-Q2 |
| Laurel Wealth Planning LLC trimmed | 167,019 | $7M | 0.5% | 2026-Q2 |
| Marble Wealth, LLC trimmed | 164,698 | $7M | 0.5% | 2026-Q2 |
| Baird Financial Group, Inc. added | 160,855 | $6M | 0.4% | 2026-Q2 |
| VERUS CAPITAL PARTNERS, LLC added | 152,292 | $6M | 0.4% | 2026-Q2 |
| Guilbault Capital LLC trimmed | 144,360 | $6M | 0.4% | 2026-Q2 |
| ATLANTIC FAMILY WEALTH, LLC added | 140,972 | $6M | 0.4% | 2026-Q2 |
| BNB Wealth Management, LLC trimmed | 137,263 | $6M | 0.4% | 2026-Q2 |
| Advisory Services Network, LLC trimmed | 130,062 | $5M | 0.4% | 2026-Q2 |
| Fortis Advisors, LLC trimmed | 129,814 | $5M | 0.4% | 2026-Q2 |
| Tandem Investment Partners LLC added | 127,475 | $5M | 0.4% | 2026-Q2 |
| Kingsview Wealth Management, LLC trimmed | 127,435 | $5M | 0.4% | 2026-Q2 |
| Arkadios Wealth Advisors added | 126,464 | $5M | 0.3% | 2026-Q2 |
| ARQ WEALTH ADVISORS, LLC added | 126,084 | $5M | 0.3% | 2026-Q2 |
| EverSource Wealth Advisors, LLC added | 124,070 | $5M | 0.3% | 2026-Q2 |
| PRINCIPAL SECURITIES, INC. trimmed | 118,634 | $5M | 0.3% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 111,671 | $4M | 0.3% | 2026-Q2 |
| Summit Financial, LLC added | 103,319 | $4M | 0.3% | 2026-Q2 |
| World Investment Advisors trimmed | 101,729 | $3M | 0.2% | 2026-Q2 |
| Bellars Harris Wealth Management, LLC new | 97,291 | $4M | 0.3% | 2026-Q2 |
| NewEdge Advisors, LLC trimmed | 95,393 | $4M | 0.3% | 2026-Q2 |
| &PARTNERS added | 94,748 | $4M | 0.3% | 2026-Q2 |
| Equitable Holdings, Inc. added | 94,143 | $4M | 0.3% | 2026-Q2 |
| PCG Wealth Advisors, LLC added | 94,014 | $4M | 0.3% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP new | 93,400 | $4M | 0.3% | 2026-Q2 |
| Waverly Advisors, LLC trimmed | 91,940 | $4M | 0.3% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 88,357 | $3M | 0.2% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. added | 87,867 | $4M | 0.2% | 2026-Q2 |
| KESTRA PRIVATE WEALTH SERVICES, LLC trimmed | 85,700 | $3M | 0.2% | 2026-Q2 |
| SIGNATURE ESTATE & INVESTMENT ADVISORS LLC added | 81,932 | $3M | 0.2% | 2026-Q2 |
| Teamwork Financial Advisors, LLC trimmed | 81,325 | $3M | 0.2% | 2026-Q2 |
| Atlas Private Wealth Advisors added | 77,097 | $3M | 0.2% | 2026-Q2 |
| IHT Wealth Management, LLC added | 76,942 | $3M | 0.2% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC new | 76,865 | $3M | 0.2% | 2026-Q2 |
| INDEPENDENT FINANCIAL GROUP, LLC added | 74,398 | $3M | 0.2% | 2026-Q2 |
| Mason & Associates Inc trimmed | 74,032 | $3M | 0.2% | 2026-Q2 |
| Kovack Advisors, Inc. added | 73,748 | $3M | 0.2% | 2026-Q2 |
| Private Advisor Group, LLC added | 71,717 | $3M | 0.2% | 2026-Q2 |
| AssuredPartners Investment Advisors, LLC added | 66,826 | $3M | 0.2% | 2026-Q2 |
| First Heartland Consultants, Inc. added | 65,876 | $3M | 0.2% | 2026-Q2 |
| Savvy Advisors, Inc. added | 64,910 | $3M | 0.2% | 2026-Q2 |
| CRUX WEALTH ADVISORS added | 63,113 | $3M | 0.2% | 2026-Q2 |
| Gotham Asset Management, LLC added | 61,371 | $2M | 0.2% | 2026-Q2 |
| FORTEM FINANCIAL GROUP, LLC trimmed | 61,269 | $2M | 0.2% | 2026-Q2 |
| Commerce Advisors, LLC added | 59,370 | $2M | 0.2% | 2026-Q2 |
| Lighthouse Wealth Management Inc. trimmed | 59,267 | $2M | 0.2% | 2026-Q2 |
| Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors trimmed | 57,241 | $2M | 0.2% | 2026-Q2 |
| Empirical Asset Management, LLC added | 56,187 | $2M | 0.2% | 2026-Q2 |
| Centurion Wealth Management LLC trimmed | 52,724 | $2M | 0.1% | 2026-Q2 |
| Noble Wealth Management PBC trimmed | 51,856 | $2M | 0.1% | 2026-Q2 |
| Belpointe Asset Management LLC added | 50,198 | $2M | 0.1% | 2026-Q2 |
| BENJAMIN EDWARDS INC added | 49,935 | $2M | 0.1% | 2026-Q2 |
| WBI INVESTMENTS, LLC added | 49,894 | $2M | 0.1% | 2026-Q2 |
| XML Financial, LLC added | 48,104 | $2M | 0.1% | 2026-Q2 |
| SMITH, MOORE & CO. trimmed | 46,723 | $2M | 0.1% | 2026-Q2 |
| Sanctuary Advisors, LLC trimmed | 46,534 | $2M | 0.1% | 2026-Q2 |
| Geneos Wealth Management Inc. added | 46,030 | $2M | 0.1% | 2026-Q2 |
| Per Stirling Capital Management, LLC. trimmed | 45,667 | $2M | 0.1% | 2026-Q2 |
| ROMANO BROTHERS AND COMPANY added | 43,941 | $2M | 0.1% | 2026-Q2 |
| Comprehensive Financial Consultants Institutional, Inc. added | 42,124 | $2M | 0.1% | 2026-Q2 |
| Stratos Wealth Partners, LTD. trimmed | 41,733 | $2M | 0.1% | 2026-Q2 |
| Post Resch Tallon Group Inc. trimmed | 41,583 | $2M | 0.1% | 2026-Q2 |
| Long Island Wealth Management, Inc. | 41,188 | $2M | 0.1% | 2026-Q2 |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV trimmed | 40,464 | $2M | 0.1% | 2026-Q2 |
| Clay Northam Wealth Management, LLC trimmed | 38,843 | $2M | 0.1% | 2026-Q2 |
| Rubicon Advisors, GP trimmed | 38,687 | $2M | 0.1% | 2026-Q2 |
| VISTA INVESTMENT PARTNERS LLC added | 38,680 | $2M | 0.1% | 2026-Q2 |
| TRAPHAGEN INVESTMENT ADVISORS LLC trimmed | 38,263 | $2M | 0.1% | 2026-Q2 |
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.