Who owns CRF
Which tracked institutional funds hold CRF, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See CRF company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-15). 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
7 tracked funds added or opened CRF while 14 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
CRF’s largest tracked holder by dollar value, SIT INVESTMENT ASSOCIATES INC, sizes it at 0.8% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.8pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in CRF 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 95 tracked filers holding CRF, 58 increased or opened the position and 31 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 CRF 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 1
- Farther Finance Advisors, LLC$545K
Full exits 1
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$539K
Largest adds
- Alpine Global Management, LLC$11M
- Quarry LP$7M
- Almitas Capital LLC$7M
- BOOTHBAY FUND MANAGEMENT, LLC$6M
- Cambridge Investment Research Advisors, Inc.$3M
- Kovack Advisors, Inc.$992K
Largest trims
- SIT INVESTMENT ASSOCIATES INC$41M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$18M
- Yakira Capital Management, Inc.$3M
- Sculptor Capital LP$2M
- LPL Financial LLC$1M
- Cable Car Capital, LP$482K
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 |
|---|---|---|---|---|
| SIT INVESTMENT ASSOCIATES INC trimmed | 5,751,900 | $40M | 19.4% | 2026-Q1 |
| Alpine Global Management, LLC added | 2,980,112 | $21M | 10.0% | 2026-Q1 |
| Sculptor Capital LP added | 2,771,562 | $19M | 9.3% | 2026-Q1 |
| Quarry LP added | 2,529,089 | $18M | 8.5% | 2026-Q1 |
| BOOTHBAY FUND MANAGEMENT, LLC added | 2,345,246 | $16M | 7.9% | 2026-Q1 |
| LPL Financial LLC added | 1,979,093 | $14M | 6.7% | 2026-Q1 |
| Almitas Capital LLC added | 1,115,348 | $8M | 3.8% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 882,178 | $6M | 3.0% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 848,910 | $6M | 2.9% | 2026-Q1 |
| Cable Car Capital, LP trimmed | 649,999 | $5M | 2.3% | 2026-Q1 |
| Yakira Capital Management, Inc. trimmed | 505,160 | $4M | 1.7% | 2026-Q1 |
| Perennial Investment Advisors, LLC added | 485,846 | $3M | 1.6% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 455,663 | $3M | 1.5% | 2026-Q1 |
| COHEN & STEERS, INC. trimmed | 270,000 | $2M | 0.9% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 233,471 | $2M | 0.8% | 2026-Q1 |
| MORGAN STANLEY trimmed | 231,661 | $2M | 0.8% | 2026-Q1 |
| PFG Investments, LLC added | 210,362 | $1M | 0.7% | 2026-Q1 |
| Baird Financial Group, Inc. added | 179,262 | $1M | 0.6% | 2026-Q1 |
| Cetera Investment Advisers added | 162,401 | $1M | 0.5% | 2026-Q1 |
| Kovack Advisors, Inc. trimmed | 149,372 | $1M | 0.5% | 2026-Q1 |
| StoneX Group Inc. trimmed | 142,723 | $992K | 0.5% | 2026-Q1 |
| WINEBRENNER CAPITAL MANAGEMENT LLC added | 138,001 | $959K | 0.5% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 120,753 | $839K | 0.4% | 2026-Q1 |
| Mallini Complete Financial Planning LLC added | 78,966 | $549K | 0.3% | 2026-Q1 |
| Farther Finance Advisors, LLC new | 77,505 | $545K | 0.3% | 2026-Q1 |
| Chicago Partners Investment Group LLC added | 64,188 | $459K | 0.2% | 2026-Q1 |
| CREATIVE FINANCIAL DESIGNS INC /ADV added | 52,012 | $361K | 0.2% | 2026-Q1 |
| Rockefeller Capital Management L.P. trimmed | 49,435 | $344K | 0.2% | 2026-Q1 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC added | 48,455 | $337K | 0.2% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 43,870 | $305K | 0.1% | 2026-Q1 |
| Aptus Capital Advisors, LLC added | 41,690 | $290K | 0.1% | 2026-Q1 |
| Cerity Partners LLC new | 41,055 | $285K | 0.1% | 2026-Q1 |
| Virtu Financial LLC trimmed | 38,605 | $268K | 0.1% | 2026-Q1 |
| FIRETHORN WEALTH PARTNERS, LLC added | 34,272 | $238K | 0.1% | 2026-Q1 |
| TORONTO DOMINION BANK added | 32,604 | $227K | 0.1% | 2026-Q1 |
| BlackRock, Inc. | 29,834 | $207K | 0.1% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 28,200 | $196K | 0.1% | 2026-Q1 |
| Buska Wealth Management, LLC added | 24,018 | $167K | 0.1% | 2026-Q1 |
| BECKER CAPITAL MANAGEMENT INC added | 23,390 | $163K | 0.1% | 2026-Q1 |
| Wealthcare Advisory Partners LLC new | 23,144 | $161K | 0.1% | 2026-Q1 |
| Secure Asset Management, LLC new | 21,851 | $152K | 0.1% | 2026-Q1 |
| AMERIFLEX GROUP, INC. | 21,800 | $152K | 0.1% | 2026-Q1 |
| Wealth Management Nebraska added | 21,707 | $151K | 0.1% | 2026-Q1 |
| Mariner, LLC added | 21,577 | $150K | 0.1% | 2026-Q1 |
| Independent Advisor Alliance trimmed | 21,315 | $148K | 0.1% | 2026-Q1 |
| Stratos Wealth Partners, LTD. | 21,000 | $146K | 0.1% | 2026-Q1 |
| HF Advisory Group, LLC added | 19,053 | $132K | 0.1% | 2026-Q1 |
| Clearstead Advisors, LLC new | 18,653 | $130K | 0.1% | 2026-Q1 |
| HRT FINANCIAL LP trimmed | 18,400 | $127K | 0.1% | 2026-Q1 |
| Marshall Financial Group, LLC | 18,065 | $126K | 0.1% | 2026-Q1 |
| AE Wealth Management LLC added | 16,439 | $114K | 0.1% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV new | 16,110 | $112K | 0.1% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC | 14,854 | $103K | 0.1% | 2026-Q1 |
| Moors & Cabot, Inc. trimmed | 13,913 | $97K | 0.0% | 2026-Q1 |
| Outlook Wealth Advisors, LLC trimmed | 13,407 | $93K | 0.0% | 2026-Q1 |
| Valmark Advisers, Inc. added | 13,300 | $92K | 0.0% | 2026-Q1 |
| MONEY CONCEPTS CAPITAL CORP added | 12,727 | $88K | 0.0% | 2026-Q1 |
| Meridian Wealth Management, LLC new | 12,292 | $85K | 0.0% | 2026-Q1 |
| HUB Investment Partners, LLC added | 12,083 | $84K | 0.0% | 2026-Q1 |
| STIFEL FINANCIAL CORP new | 11,795 | $82K | 0.0% | 2026-Q1 |
| Private Advisor Group, LLC | 11,790 | $82K | 0.0% | 2026-Q1 |
| KESTRA PRIVATE WEALTH SERVICES, LLC trimmed | 11,460 | $80K | 0.0% | 2026-Q1 |
| INTEGRITY ALLIANCE, LLC. added | 11,163 | $78K | 0.0% | 2026-Q1 |
| Brookwood Investment Group LLC trimmed | 10,919 | $76K | 0.0% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 10,360 | $72K | 0.0% | 2026-Q1 |
| Integrated Wealth Concepts LLC new | 10,176 | $71K | 0.0% | 2026-Q1 |
| Allworth Financial LP | 8,600 | $60K | 0.0% | 2026-Q1 |
| CoreCap Advisors, LLC | 7,272 | $51K | 0.0% | 2026-Q1 |
| UBS Group AG added | 7,214 | $50K | 0.0% | 2026-Q1 |
| Larson Financial Group LLC new | 7,121 | $49K | 0.0% | 2026-Q1 |
| Anfield Capital Management, LLC | 6,657 | $46K | 0.0% | 2026-Q1 |
| Ascentis Independent Advisors new | 4,771 | $33K | 0.0% | 2026-Q1 |
| ABSOLUTE INVESTMENT ADVISERS, LLC new | 1,274,973 | $10M | 4.8% | 2025-Q2 stale |
| Ursa Fund Management, LLC added | 725,000 | $6M | 2.7% | 2025-Q2 stale |
| Tabor Asset Management, LP new | 368,799 | $3M | 1.3% | 2025-Q1 stale |
| CANTOR FITZGERALD, L. P. trimmed | 100,410 | $807K | 0.4% | 2025-Q3 stale |
| AVANTAX ADVISORY SERVICES, INC. new | 86,151 | $668K | 0.3% | 2025-Q2 stale |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 67,282 | $539K | 0.3% | 2025-Q4 stale |
| Atria Wealth Solutions, Inc. trimmed | 51,398 | $404K | 0.2% | 2025-Q2 stale |
| FMR LLC added | 36,204 | $281K | 0.1% | 2025-Q2 stale |
| IEQ CAPITAL, LLC new | 34,000 | $244K | 0.1% | 2025-Q1 stale |
| GRIMES & COMPANY, INC. added | 26,241 | $188K | 0.1% | 2025-Q1 stale |
| Main Street Financial Solutions, LLC added | 23,365 | $187K | 0.1% | 2025-Q4 stale |
| OneAscent Financial Services LLC | 22,178 | $178K | 0.1% | 2025-Q4 stale |
| HighTower Advisors, LLC added | 22,931 | $165K | 0.1% | 2025-Q1 stale |
| OPPENHEIMER & CO INC trimmed | 19,500 | $151K | 0.1% | 2025-Q2 stale |
| WOLVERINE ASSET MANAGEMENT LLC trimmed | 17,837 | $138K | 0.1% | 2025-Q2 stale |
| Vantage Financial Partners, LLC trimmed | 14,845 | $119K | 0.1% | 2025-Q4 stale |
| BIP Wealth, LLC | 16,000 | $115K | 0.1% | 2025-Q1 stale |
| TWO SIGMA SECURITIES, LLC trimmed | 14,286 | $114K | 0.1% | 2025-Q4 stale |
| Fisher Asset Management, LLC trimmed | 12,508 | $100K | 0.0% | 2025-Q4 stale |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 11,309 | $91K | 0.0% | 2025-Q4 stale |
| MILLENNIUM MANAGEMENT LLC trimmed | 11,181 | $90K | 0.0% | 2025-Q4 stale |
| Aviance Capital Partners, LLC added | 11,700 | $84K | 0.0% | 2025-Q1 stale |
| KANE INVESTMENT MANAGEMENT, INC. trimmed | 10,088 | $81K | 0.0% | 2025-Q3 stale |
| Destination Wealth Management new | 10,000 | $80K | 0.0% | 2025-Q4 stale |
| GOLDMAN SACHS GROUP INC | 10,000 | $80K | 0.0% | 2025-Q4 stale |
| NewEdge Advisors, LLC added | 5,658 | $45K | 0.0% | 2025-Q4 stale |
| Newbridge Financial Services Group, Inc. | 3,700 | $30K | 0.0% | 2025-Q3 stale |
| CONTRAVISORY INVESTMENT MANAGEMENT, INC. | 3,685 | $30K | 0.0% | 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.