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-Q2 13F filings (latest filed 2026-08-17). 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 2026-Q1 and 2026-Q2: 29 added or opened and 8 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, MORGAN STANLEY, 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 gap the other way — the median holder sizes EFAA more heavily than its largest holder by dollar value does.
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 2026-Q1 and 2026-Q2, across 66 tracked filers holding EFAA, 50 increased or opened the position and 18 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 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 4
- Brookstone Capital Management$9M
- NewEdge Advisors, LLC$5M
- CITADEL ADVISORS LLC$2M
- TRUIST FINANCIAL CORP$771K
Full exits 3
- BROWN, LISLE/CUMMINGS, INC.$2M
- Janney Montgomery Scott LLC$818K
- Phillip James Consulting Co.$779K
Largest adds
- MORGAN STANLEY$68M
- RAYMOND JAMES FINANCIAL INC$11M
- Invesco Ltd.$10M
- LPL Financial LLC$8M
- WELLS FARGO & COMPANY/MN$4M
- JONES FINANCIAL COMPANIES LLLP$4M
Largest trims
- Private Advisor Group, LLC$14M
- LEE JOHNSON CAPITAL MANAGEMENT, LLC$5M
- Cetera Investment Advisers$3M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$493K
- Visionary Wealth Advisors$263K
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 |
|---|---|---|---|---|
| MORGAN STANLEY added | 1,658,320 | $92M | 21.4% | 2026-Q2 |
| Invesco Ltd. added | 1,492,000 | $83M | 19.3% | 2026-Q2 |
| LPL Financial LLC added | 814,165 | $45M | 10.5% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 663,330 | $37M | 8.6% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 313,048 | $17M | 4.0% | 2026-Q2 |
| UBS Group AG added | 191,659 | $11M | 2.5% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 188,181 | $10M | 2.4% | 2026-Q2 |
| PREVAIL INNOVATIVE WEALTH ADVISORS, LLC added | 159,664 | $9M | 2.1% | 2026-Q2 |
| Brookstone Capital Management new | 157,768 | $9M | 2.0% | 2026-Q2 |
| LEE JOHNSON CAPITAL MANAGEMENT, LLC trimmed | 132,130 | $7M | 1.7% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 126,093 | $7M | 1.6% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 120,115 | $7M | 1.6% | 2026-Q2 |
| Private Advisor Group, LLC trimmed | 97,990 | $5M | 1.3% | 2026-Q2 |
| NewEdge Advisors, LLC added | 94,722 | $5M | 1.2% | 2026-Q2 |
| Chicago Partners Investment Group LLC trimmed | 95,125 | $5M | 1.2% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 92,462 | $5M | 1.2% | 2026-Q2 |
| Lifestyle Asset Management, Inc. added | 91,302 | $5M | 1.2% | 2026-Q2 |
| SageGuard Financial Group, LLC added | 85,332 | $5M | 1.1% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 84,071 | $5M | 1.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 77,643 | $4M | 1.0% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 75,391 | $4M | 1.0% | 2026-Q2 |
| MJP ASSOCIATES INC /ADV added | 67,961 | $4M | 0.9% | 2026-Q2 |
| Advisor OS, LLC added | 67,961 | $4M | 0.9% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 62,539 | $3M | 0.8% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 59,292 | $3M | 0.8% | 2026-Q2 |
| Prospera Financial Services Inc added | 53,836 | $3M | 0.7% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 52,237 | $3M | 0.7% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 46,048 | $3M | 0.6% | 2026-Q2 |
| Marshall & Sterling Wealth Advisors Inc. added | 45,938 | $3M | 0.6% | 2026-Q2 |
| Wealth Intelligence, LLC added | 45,187 | $3M | 0.6% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 32,739 | $2M | 0.4% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 31,752 | $2M | 0.4% | 2026-Q2 |
| INSIGNEO ADVISORY SERVICES, LLC added | 26,460 | $1M | 0.3% | 2026-Q2 |
| IFP Advisors, Inc added | 22,901 | $1M | 0.3% | 2026-Q2 |
| Joel Isaacson & Co., LLC added | 19,093 | $1M | 0.2% | 2026-Q2 |
| WCG Wealth Advisors LLC added | 17,774 | $991K | 0.2% | 2026-Q2 |
| Wealthcare Advisory Partners LLC added | 17,768 | $991K | 0.2% | 2026-Q2 |
| Western Wealth Management, LLC trimmed | 16,607 | $926K | 0.2% | 2026-Q2 |
| TRUIST FINANCIAL CORP new | 13,823 | $771K | 0.2% | 2026-Q2 |
| FLAGSHIP HARBOR ADVISORS, LLC trimmed | 11,678 | $651K | 0.2% | 2026-Q2 |
| MADDEN SECURITIES Corp | 9,870 | $550K | 0.1% | 2026-Q2 |
| Apollon Wealth Management, LLC added | 9,770 | $545K | 0.1% | 2026-Q2 |
| VERUS CAPITAL PARTNERS, LLC added | 8,058 | $449K | 0.1% | 2026-Q2 |
| PRIVATE TRUST CO NA | 6,654 | $371K | 0.1% | 2026-Q2 |
| WINNACLE WEALTH LLC new | 6,529 | $364K | 0.1% | 2026-Q2 |
| Summit Financial, LLC added | 6,465 | $360K | 0.1% | 2026-Q2 |
| QP WEALTH MANAGEMENT, LLC added | 6,202 | $346K | 0.1% | 2026-Q2 |
| Stratos Wealth Partners, LTD. added | 5,925 | $330K | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 5,828 | $325K | 0.1% | 2026-Q2 |
| Visionary Wealth Advisors trimmed | 5,124 | $286K | 0.1% | 2026-Q2 |
| Adalta Capital Management LLC trimmed | 5,050 | $282K | 0.1% | 2026-Q2 |
| FIFTH THIRD BANCORP added | 5,022 | $280K | 0.1% | 2026-Q2 |
| Madison Wealth Partners, Inc new | 5,009 | $279K | 0.1% | 2026-Q2 |
| Aurdan Capital Management, LLC new | 4,994 | $278K | 0.1% | 2026-Q2 |
| Equitable Holdings, Inc. trimmed | 4,765 | $266K | 0.1% | 2026-Q2 |
| Integrated Wealth Concepts LLC new | 4,435 | $247K | 0.1% | 2026-Q2 |
| SHEETS SMITH WEALTH MANAGEMENT new | 4,115 | $229K | 0.1% | 2026-Q2 |
| Cerity Partners LLC | 4,000 | $223K | 0.1% | 2026-Q2 |
| Asset Allocation Strategies LLC new | 3,840 | $214K | 0.0% | 2026-Q2 |
| IAG Wealth Partners, LLC | 2,468 | $138K | 0.0% | 2026-Q2 |
| Murphy & Mullick Capital Management Corp added | 1,200 | $67K | 0.0% | 2026-Q2 |
| LANARK FINANCIAL, INC. | 1,150 | $64K | 0.0% | 2026-Q2 |
| Blue Trust, Inc. new | 238 | $13K | 0.0% | 2026-Q2 |
| AE Wealth Management LLC new | 185 | $10K | 0.0% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 82 | $5K | 0.0% | 2026-Q2 |
| OAKWORTH CAPITAL, INC. new | 77 | $4K | 0.0% | 2026-Q2 |
| BROWN, LISLE/CUMMINGS, INC. added | 33,004 | $2M | 0.4% | 2026-Q1 stale (1 quarter behind) |
| Janney Montgomery Scott LLC new | 15,512 | $818K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| Phillip James Consulting Co. new | 39,934 | $779K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| HRT FINANCIAL LP new | 4,356 | $229K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Sunbelt Securities, Inc. added | 973 | $51K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Advisory Services Network, LLC new | 370 | $19K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| CWM, LLC added | 134 | $7K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Split Rock Private Trading & Wealth Management, LLC new | 33,448 | $2M | 0.4% | 2025-Q4 stale (2 quarters behind) |
| STEPHENS INC /AR/ | 5,200 | $281K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| CIBC Private Wealth Group LLC added | 411 | $22K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| OPTIMA CAPITAL LLC new | 377 | $20K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| AVANTAX ADVISORY SERVICES, INC. new | 11,328 | $584K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| JPMORGAN CHASE & CO added | 400 | $21K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 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.