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Institutional Ownership · SEC Form 13F

Who owns EFAX (EFAX)


Which tracked institutional funds hold EFAX, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See EFAX company fundamentals →

Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.

89
Institutional holders
4,973,454
Shares held (tracked funds)

How the tape is positioned

9 tracked funds added or opened EFAX while 10 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

EFAX’s largest tracked holder by dollar value, Betterment LLC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.

Book-share is each fund’s reported value in EFAX 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 89 tracked filers holding EFAX, 39 increased or opened the position and 29 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 EFAX 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 2

  • MERCER GLOBAL ADVISORS INC /ADV$2M
  • MASECO LLP$611K

Full exits 3

  • Leith Wheeler Investment Counsel Ltd.$11M
  • SB Capital Management Inc$2M
  • NewEdge Advisors, LLC$608K

Largest adds

  • CITADEL ADVISORS LLC$2M
  • BAILARD, INC.$2M
  • JANE STREET GROUP, LLC$2M
  • FLPUTNAM INVESTMENT MANAGEMENT CO$1M
  • Gemmer Asset Management LLC$1M
  • Mariner, LLC$664K

Largest trims

  • BANK OF AMERICA CORP /DE/$2M
  • UBS Group AG$2M
  • Betterment LLC$1M
  • SUSQUEHANNA INTERNATIONAL GROUP, LLP$1M
  • Composition Wealth, LLC$545K
  • FLOW TRADERS U.S. LLC$412K

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).

FundSharesReported value% of valueQuarter
Betterment LLC trimmed1,431,679$71M22.9%2026-Q1
Gemmer Asset Management LLC added694,484$35M11.1%2026-Q1
FLPUTNAM INVESTMENT MANAGEMENT CO added349,248$17M5.6%2026-Q1
BAILARD, INC. added235,024$12M3.8%2026-Q1
BANK OF AMERICA CORP /DE/ trimmed234,628$12M3.8%2026-Q1
Windmill Hill Asset Management Ltd227,939$11M3.6%2026-Q1
Rockefeller Capital Management L.P.166,460$8M2.7%2026-Q1
Cerity Partners LLC added121,736$6M1.9%2026-Q1
SEI INVESTMENTS CO trimmed120,310$6M1.9%2026-Q1
LPL Financial LLC trimmed119,774$6M1.9%2026-Q1
CITADEL ADVISORS LLC added109,545$5M1.8%2026-Q1
SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed95,995$5M1.5%2026-Q1
Composition Wealth, LLC trimmed92,969$5M1.5%2026-Q1
ROYAL BANK OF CANADA added74,726$4M1.2%2026-Q1
Mariner, LLC added73,404$4M1.2%2026-Q1
Values Added Financial LLC trimmed57,071$3M0.9%2026-Q1
NEPC LLC53,260$3M0.9%2026-Q1
JANE STREET GROUP, LLC added52,949$3M0.8%2026-Q1
XPONANCE LLC added41,164$2M0.7%2026-Q1
FLOW TRADERS U.S. LLC trimmed37,172$2M0.6%2026-Q1
HARBOUR INVESTMENTS, INC. added37,029$2M0.6%2026-Q1
TIFF ADVISORY SERVICES, LLC trimmed31,728$2M0.5%2026-Q1
MERCER GLOBAL ADVISORS INC /ADV added30,884$2M0.5%2026-Q1
AGF MANAGEMENT LTD added25,210$1M0.4%2026-Q1
MARQUETTE ASSOCIATES, INC. added24,023$1M0.4%2026-Q1
BRADLEY FOSTER & SARGENT INC/CT22,131$1M0.4%2026-Q1
Equitable Holdings, Inc. added21,757$1M0.4%2026-Q1
CAMELOT TECHNOLOGY ADVISORS, INC. added20,839$1M0.3%2026-Q1
PROFFITT & GOODSON INC trimmed19,974$994K0.3%2026-Q1
OXFORD FINANCIAL GROUP, LTD. LLC19,542$973K0.3%2026-Q1
Whipplewood Advisors, LLC trimmed19,201$956K0.3%2026-Q1
HighTower Advisors, LLC added18,169$904K0.3%2026-Q1
JPMORGAN CHASE & CO trimmed18,543$893K0.3%2026-Q1
OSAIC HOLDINGS, INC. added16,356$814K0.3%2026-Q1
Beacon Pointe Advisors, LLC added13,336$664K0.2%2026-Q1
MASECO LLP trimmed12,275$611K0.2%2026-Q1
Bond & Devick Financial Network, Inc. added11,482$571K0.2%2026-Q1
RETIREMENT INCOME SOLUTIONS, INC10,525$524K0.2%2026-Q1
Operose Advisors LLC9,443$470K0.2%2026-Q1
Bridgewater Advisors Inc. trimmed8,270$442K0.1%2026-Q1
RAYMOND JAMES FINANCIAL INC added8,873$442K0.1%2026-Q1
Hobbs Group Advisors, LLC8,829$439K0.1%2026-Q1
AQR CAPITAL MANAGEMENT LLC8,805$438K0.1%2026-Q1
Boyd Wealth Management, LLC trimmed8,163$406K0.1%2026-Q1
Insight Advisors, LLC/ PA added7,561$376K0.1%2026-Q1
Choate Investment Advisors added7,378$367K0.1%2026-Q1
eCIO, Inc. added7,288$363K0.1%2026-Q1
Key Financial Inc7,214$359K0.1%2026-Q1
McIlrath & Eck, LLC trimmed7,208$359K0.1%2026-Q1
COMMONWEALTH EQUITY SERVICES, LLC trimmed7,132$355K0.1%2026-Q1
Aufman Associates Inc6,967$347K0.1%2026-Q1
AMERICAN FINANCIAL & TAX STRATEGIES INC6,932$345K0.1%2026-Q1
Creative Planning6,898$343K0.1%2026-Q1
SCS Capital Management LLC6,785$338K0.1%2026-Q1
William Mack & Associates, Inc. added6,664$332K0.1%2026-Q1
SteelPeak Wealth, LLC6,524$325K0.1%2026-Q1
PNC FINANCIAL SERVICES GROUP, INC. trimmed5,953$296K0.1%2026-Q1
ENVESTNET ASSET MANAGEMENT INC trimmed5,934$295K0.1%2026-Q1
Clarion Wealth Managment Partners, LLC5,845$291K0.1%2026-Q1
FOSTER DYKEMA CABOT & PARTNERS, LLC5,699$284K0.1%2026-Q1
Diversified Enterprises, LLC added5,450$271K0.1%2026-Q1
COLTON GROOME FINANCIAL ADVISORS, LLC added5,370$267K0.1%2026-Q1
GenTrust, LLC4,837$241K0.1%2026-Q1
First Bancorp, Inc /ME/4,570$227K0.1%2026-Q1
Blue Zone Wealth Advisors, LLC4,560$227K0.1%2026-Q1
BURNS J W & CO INC/NY new4,550$226K0.1%2026-Q1
ARCADIA INVESTMENT ADVISORS LLC added3,917$195K0.1%2026-Q1
Sankala Group LLC added2,996$145K0.0%2026-Q1
N.E.W. Advisory Services LLC added1,832$91K0.0%2026-Q1
FMR LLC added1,790$89K0.0%2026-Q1
MORGAN STANLEY1,704$85K0.0%2026-Q1
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added1,671$83K0.0%2026-Q1
UBS Group AG trimmed1,610$80K0.0%2026-Q1
GW&K Investment Management, LLC new962$48K0.0%2026-Q1
AdvisorNet Financial, Inc added834$41K0.0%2026-Q1
Golden State Wealth Management, LLC750$37K0.0%2026-Q1
TD Waterhouse Canada Inc.718$36K0.0%2026-Q1
Arax Advisory Partners added886,697$39M12.5%2025-Q3 stale
Leith Wheeler Investment Counsel Ltd. added219,527$11M3.6%2025-Q4 stale
Institute for Wealth Management, LLC. trimmed55,005$3M0.9%2025-Q3 stale
PARTNERS CAPITAL INVESTMENT GROUP, LLP added48,016$2M0.7%2025-Q1 stale
SB Capital Management Inc new31,053$2M0.5%2025-Q4 stale
Ethic Inc. new23,131$995K0.3%2025-Q1 stale
Baird Financial Group, Inc. trimmed15,220$751K0.2%2025-Q3 stale
Astoria Portfolio Advisors LLC. trimmed16,428$719K0.2%2025-Q1 stale
FIRST NATIONAL CORP /MA/ /ADV trimmed13,309$661K0.2%2025-Q3 stale
Sensible Financial Planning & Management, LLC. new13,872$657K0.2%2025-Q2 stale
Good Life Advisors, LLC added12,905$611K0.2%2025-Q2 stale
NewEdge Advisors, LLC added12,054$608K0.2%2025-Q4 stale
Stonehearth Capital Management, LLC added8,808$445K0.1%2025-Q4 stale
EverSource Wealth Advisors, LLC trimmed7,093$305K0.1%2025-Q1 stale
AVANTAX ADVISORY SERVICES, INC. added5,687$244K0.1%2025-Q1 stale
Wealthfront Advisers LLC added4,387$221K0.1%2025-Q4 stale
Consolidated Portfolio Review Corp new4,156$205K0.1%2025-Q3 stale
GTS SECURITIES LLC trimmed3,971$200K0.1%2025-Q4 stale
Ameritas Advisory Services, LLC trimmed3,699$175K0.1%2025-Q2 stale
Tortoise Investment Management, LLC3,191$157K0.1%2025-Q3 stale
Kestra Advisory Services, LLC new1,966$99K0.0%2025-Q4 stale
Root Financial Partners, LLC new1,084$53K0.0%2025-Q3 stale
Glenmede Investment Management, LP new640$30K0.0%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.

HoldersTotal shares

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.

Learn how to read institutional ownership