Who owns EFAA
Which tracked institutional funds hold EFAA, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See EFAA company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-22). 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 EFAA is one-sided between 2025-Q4 and 2026-Q1: 29 added or opened and 5 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
EFAA’s largest tracked holder by dollar value, Invesco Ltd., 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 EFAA 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 60 tracked filers holding EFAA, 51 increased or opened the position and 11 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 EFAA 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 8
- MORGAN STANLEY$25M
- Wealth Intelligence, LLC$2M
- Marshall & Sterling Wealth Advisors Inc.$2M
- IFP Advisors, Inc$1M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$818K
- Janney Montgomery Scott LLC$818K
Full exits 2
- NewEdge Advisors, LLC$2M
- Split Rock Private Trading & Wealth Management, LLC$2M
Largest adds
- LPL Financial LLC$8M
- RAYMOND JAMES FINANCIAL INC$7M
- PREVAIL INNOVATIVE WEALTH ADVISORS, LLC$4M
- JONES FINANCIAL COMPANIES LLLP$4M
- Chicago Partners Investment Group LLC$4M
- Cetera Investment Advisers$3M
Largest trims
- Invesco Ltd.$6M
- JANE STREET GROUP, LLC$2M
- Private Advisor Group, LLC$604K
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 |
|---|---|---|---|---|
| Invesco Ltd. trimmed | 1,388,000 | $73M | 23.5% | 2026-Q1 |
| LPL Financial LLC added | 708,329 | $37M | 12.0% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 491,801 | $26M | 8.3% | 2026-Q1 |
| MORGAN STANLEY new | 469,129 | $25M | 7.9% | 2026-Q1 |
| Private Advisor Group, LLC trimmed | 361,063 | $19M | 6.1% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 257,133 | $13M | 4.2% | 2026-Q1 |
| LEE JOHNSON CAPITAL MANAGEMENT, LLC added | 230,813 | $12M | 3.9% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 166,335 | $9M | 2.8% | 2026-Q1 |
| PREVAIL INNOVATIVE WEALTH ADVISORS, LLC added | 157,919 | $8M | 2.7% | 2026-Q1 |
| Cetera Investment Advisers added | 152,789 | $8M | 2.6% | 2026-Q1 |
| UBS Group AG added | 147,754 | $8M | 2.5% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 102,092 | $5M | 1.7% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC added | 101,394 | $5M | 1.7% | 2026-Q1 |
| Chicago Partners Investment Group LLC added | 95,375 | $5M | 1.7% | 2026-Q1 |
| Lifestyle Asset Management, Inc. added | 80,665 | $4M | 1.4% | 2026-Q1 |
| SageGuard Financial Group, LLC trimmed | 68,321 | $4M | 1.2% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 67,796 | $4M | 1.1% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 64,507 | $3M | 1.1% | 2026-Q1 |
| Advisor OS, LLC added | 59,504 | $3M | 1.0% | 2026-Q1 |
| MJP ASSOCIATES INC /ADV added | 59,504 | $3M | 1.0% | 2026-Q1 |
| Prospera Financial Services Inc added | 49,625 | $3M | 0.8% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 47,305 | $2M | 0.8% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 44,085 | $2M | 0.7% | 2026-Q1 |
| Wealth Intelligence, LLC new | 43,458 | $2M | 0.7% | 2026-Q1 |
| Marshall & Sterling Wealth Advisors Inc. new | 38,479 | $2M | 0.7% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 36,247 | $2M | 0.6% | 2026-Q1 |
| BROWN, LISLE/CUMMINGS, INC. added | 33,004 | $2M | 0.6% | 2026-Q1 |
| IFP Advisors, Inc new | 22,623 | $1M | 0.4% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 22,069 | $1M | 0.4% | 2026-Q1 |
| INSIGNEO ADVISORY SERVICES, LLC added | 18,624 | $982K | 0.3% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 17,531 | $925K | 0.3% | 2026-Q1 |
| Wealthcare Advisory Partners LLC added | 17,016 | $897K | 0.3% | 2026-Q1 |
| Joel Isaacson & Co., LLC added | 16,798 | $886K | 0.3% | 2026-Q1 |
| Western Wealth Management, LLC added | 16,741 | $883K | 0.3% | 2026-Q1 |
| WCG Wealth Advisors LLC added | 16,596 | $875K | 0.3% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP new | 15,516 | $818K | 0.3% | 2026-Q1 |
| Janney Montgomery Scott LLC new | 15,512 | $818K | 0.3% | 2026-Q1 |
| Phillip James Consulting Co. new | 39,934 | $779K | 0.2% | 2026-Q1 |
| FLAGSHIP HARBOR ADVISORS, LLC added | 12,898 | $680K | 0.2% | 2026-Q1 |
| Visionary Wealth Advisors new | 10,409 | $549K | 0.2% | 2026-Q1 |
| MADDEN SECURITIES Corp trimmed | 9,870 | $521K | 0.2% | 2026-Q1 |
| Apollon Wealth Management, LLC new | 9,032 | $476K | 0.2% | 2026-Q1 |
| VERUS CAPITAL PARTNERS, LLC added | 7,333 | $387K | 0.1% | 2026-Q1 |
| PRIVATE TRUST CO NA added | 6,654 | $378K | 0.1% | 2026-Q1 |
| QP WEALTH MANAGEMENT, LLC added | 6,167 | $325K | 0.1% | 2026-Q1 |
| Adalta Capital Management LLC new | 6,000 | $316K | 0.1% | 2026-Q1 |
| Summit Financial, LLC new | 5,399 | $285K | 0.1% | 2026-Q1 |
| Equitable Holdings, Inc. new | 4,815 | $254K | 0.1% | 2026-Q1 |
| Stratos Wealth Partners, LTD. added | 4,504 | $238K | 0.1% | 2026-Q1 |
| HRT FINANCIAL LP new | 4,356 | $229K | 0.1% | 2026-Q1 |
| Cerity Partners LLC | 4,000 | $211K | 0.1% | 2026-Q1 |
| IAG Wealth Partners, LLC new | 2,468 | $130K | 0.0% | 2026-Q1 |
| NBC SECURITIES, INC. | 1,150 | $61K | 0.0% | 2026-Q1 |
| Sunbelt Securities, Inc. added | 973 | $51K | 0.0% | 2026-Q1 |
| Murphy & Mullick Capital Management Corp | 800 | $42K | 0.0% | 2026-Q1 |
| FIFTH THIRD BANCORP new | 400 | $21K | 0.0% | 2026-Q1 |
| Advisory Services Network, LLC new | 370 | $19K | 0.0% | 2026-Q1 |
| CWM, LLC added | 134 | $7K | 0.0% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ new | 81 | $4K | 0.0% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN | 1 | $42 | 0.0% | 2026-Q1 |
| NewEdge Advisors, LLC added | 42,124 | $2M | 0.7% | 2025-Q4 stale |
| Split Rock Private Trading & Wealth Management, LLC new | 33,448 | $2M | 0.6% | 2025-Q4 stale |
| AVANTAX ADVISORY SERVICES, INC. new | 11,328 | $584K | 0.2% | 2025-Q2 stale |
| CITADEL ADVISORS LLC new | 8,236 | $445K | 0.1% | 2025-Q4 stale |
| STEPHENS INC /AR/ | 5,200 | $281K | 0.1% | 2025-Q4 stale |
| CIBC Private Wealth Group LLC added | 411 | $22K | 0.0% | 2025-Q4 stale |
| JPMORGAN CHASE & CO added | 400 | $21K | 0.0% | 2025-Q2 stale |
| OPTIMA CAPITAL LLC new | 377 | $20K | 0.0% | 2025-Q4 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 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.