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.
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).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Betterment LLC trimmed | 1,431,679 | $71M | 22.9% | 2026-Q1 |
| Gemmer Asset Management LLC added | 694,484 | $35M | 11.1% | 2026-Q1 |
| FLPUTNAM INVESTMENT MANAGEMENT CO added | 349,248 | $17M | 5.6% | 2026-Q1 |
| BAILARD, INC. added | 235,024 | $12M | 3.8% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 234,628 | $12M | 3.8% | 2026-Q1 |
| Windmill Hill Asset Management Ltd | 227,939 | $11M | 3.6% | 2026-Q1 |
| Rockefeller Capital Management L.P. | 166,460 | $8M | 2.7% | 2026-Q1 |
| Cerity Partners LLC added | 121,736 | $6M | 1.9% | 2026-Q1 |
| SEI INVESTMENTS CO trimmed | 120,310 | $6M | 1.9% | 2026-Q1 |
| LPL Financial LLC trimmed | 119,774 | $6M | 1.9% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 109,545 | $5M | 1.8% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 95,995 | $5M | 1.5% | 2026-Q1 |
| Composition Wealth, LLC trimmed | 92,969 | $5M | 1.5% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 74,726 | $4M | 1.2% | 2026-Q1 |
| Mariner, LLC added | 73,404 | $4M | 1.2% | 2026-Q1 |
| Values Added Financial LLC trimmed | 57,071 | $3M | 0.9% | 2026-Q1 |
| NEPC LLC | 53,260 | $3M | 0.9% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 52,949 | $3M | 0.8% | 2026-Q1 |
| XPONANCE LLC added | 41,164 | $2M | 0.7% | 2026-Q1 |
| FLOW TRADERS U.S. LLC trimmed | 37,172 | $2M | 0.6% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. added | 37,029 | $2M | 0.6% | 2026-Q1 |
| TIFF ADVISORY SERVICES, LLC trimmed | 31,728 | $2M | 0.5% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV added | 30,884 | $2M | 0.5% | 2026-Q1 |
| AGF MANAGEMENT LTD added | 25,210 | $1M | 0.4% | 2026-Q1 |
| MARQUETTE ASSOCIATES, INC. added | 24,023 | $1M | 0.4% | 2026-Q1 |
| BRADLEY FOSTER & SARGENT INC/CT | 22,131 | $1M | 0.4% | 2026-Q1 |
| Equitable Holdings, Inc. added | 21,757 | $1M | 0.4% | 2026-Q1 |
| CAMELOT TECHNOLOGY ADVISORS, INC. added | 20,839 | $1M | 0.3% | 2026-Q1 |
| PROFFITT & GOODSON INC trimmed | 19,974 | $994K | 0.3% | 2026-Q1 |
| OXFORD FINANCIAL GROUP, LTD. LLC | 19,542 | $973K | 0.3% | 2026-Q1 |
| Whipplewood Advisors, LLC trimmed | 19,201 | $956K | 0.3% | 2026-Q1 |
| HighTower Advisors, LLC added | 18,169 | $904K | 0.3% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 18,543 | $893K | 0.3% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 16,356 | $814K | 0.3% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 13,336 | $664K | 0.2% | 2026-Q1 |
| MASECO LLP trimmed | 12,275 | $611K | 0.2% | 2026-Q1 |
| Bond & Devick Financial Network, Inc. added | 11,482 | $571K | 0.2% | 2026-Q1 |
| RETIREMENT INCOME SOLUTIONS, INC | 10,525 | $524K | 0.2% | 2026-Q1 |
| Operose Advisors LLC | 9,443 | $470K | 0.2% | 2026-Q1 |
| Bridgewater Advisors Inc. trimmed | 8,270 | $442K | 0.1% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 8,873 | $442K | 0.1% | 2026-Q1 |
| Hobbs Group Advisors, LLC | 8,829 | $439K | 0.1% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC | 8,805 | $438K | 0.1% | 2026-Q1 |
| Boyd Wealth Management, LLC trimmed | 8,163 | $406K | 0.1% | 2026-Q1 |
| Insight Advisors, LLC/ PA added | 7,561 | $376K | 0.1% | 2026-Q1 |
| Choate Investment Advisors added | 7,378 | $367K | 0.1% | 2026-Q1 |
| eCIO, Inc. added | 7,288 | $363K | 0.1% | 2026-Q1 |
| Key Financial Inc | 7,214 | $359K | 0.1% | 2026-Q1 |
| McIlrath & Eck, LLC trimmed | 7,208 | $359K | 0.1% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 7,132 | $355K | 0.1% | 2026-Q1 |
| Aufman Associates Inc | 6,967 | $347K | 0.1% | 2026-Q1 |
| AMERICAN FINANCIAL & TAX STRATEGIES INC | 6,932 | $345K | 0.1% | 2026-Q1 |
| Creative Planning | 6,898 | $343K | 0.1% | 2026-Q1 |
| SCS Capital Management LLC | 6,785 | $338K | 0.1% | 2026-Q1 |
| William Mack & Associates, Inc. added | 6,664 | $332K | 0.1% | 2026-Q1 |
| SteelPeak Wealth, LLC | 6,524 | $325K | 0.1% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. trimmed | 5,953 | $296K | 0.1% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 5,934 | $295K | 0.1% | 2026-Q1 |
| Clarion Wealth Managment Partners, LLC | 5,845 | $291K | 0.1% | 2026-Q1 |
| FOSTER DYKEMA CABOT & PARTNERS, LLC | 5,699 | $284K | 0.1% | 2026-Q1 |
| Diversified Enterprises, LLC added | 5,450 | $271K | 0.1% | 2026-Q1 |
| COLTON GROOME FINANCIAL ADVISORS, LLC added | 5,370 | $267K | 0.1% | 2026-Q1 |
| GenTrust, LLC | 4,837 | $241K | 0.1% | 2026-Q1 |
| First Bancorp, Inc /ME/ | 4,570 | $227K | 0.1% | 2026-Q1 |
| Blue Zone Wealth Advisors, LLC | 4,560 | $227K | 0.1% | 2026-Q1 |
| BURNS J W & CO INC/NY new | 4,550 | $226K | 0.1% | 2026-Q1 |
| ARCADIA INVESTMENT ADVISORS LLC added | 3,917 | $195K | 0.1% | 2026-Q1 |
| Sankala Group LLC added | 2,996 | $145K | 0.0% | 2026-Q1 |
| N.E.W. Advisory Services LLC added | 1,832 | $91K | 0.0% | 2026-Q1 |
| FMR LLC added | 1,790 | $89K | 0.0% | 2026-Q1 |
| MORGAN STANLEY | 1,704 | $85K | 0.0% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 1,671 | $83K | 0.0% | 2026-Q1 |
| UBS Group AG trimmed | 1,610 | $80K | 0.0% | 2026-Q1 |
| GW&K Investment Management, LLC new | 962 | $48K | 0.0% | 2026-Q1 |
| AdvisorNet Financial, Inc added | 834 | $41K | 0.0% | 2026-Q1 |
| Golden State Wealth Management, LLC | 750 | $37K | 0.0% | 2026-Q1 |
| TD Waterhouse Canada Inc. | 718 | $36K | 0.0% | 2026-Q1 |
| Arax Advisory Partners added | 886,697 | $39M | 12.5% | 2025-Q3 stale |
| Leith Wheeler Investment Counsel Ltd. added | 219,527 | $11M | 3.6% | 2025-Q4 stale |
| Institute for Wealth Management, LLC. trimmed | 55,005 | $3M | 0.9% | 2025-Q3 stale |
| PARTNERS CAPITAL INVESTMENT GROUP, LLP added | 48,016 | $2M | 0.7% | 2025-Q1 stale |
| SB Capital Management Inc new | 31,053 | $2M | 0.5% | 2025-Q4 stale |
| Ethic Inc. new | 23,131 | $995K | 0.3% | 2025-Q1 stale |
| Baird Financial Group, Inc. trimmed | 15,220 | $751K | 0.2% | 2025-Q3 stale |
| Astoria Portfolio Advisors LLC. trimmed | 16,428 | $719K | 0.2% | 2025-Q1 stale |
| FIRST NATIONAL CORP /MA/ /ADV trimmed | 13,309 | $661K | 0.2% | 2025-Q3 stale |
| Sensible Financial Planning & Management, LLC. new | 13,872 | $657K | 0.2% | 2025-Q2 stale |
| Good Life Advisors, LLC added | 12,905 | $611K | 0.2% | 2025-Q2 stale |
| NewEdge Advisors, LLC added | 12,054 | $608K | 0.2% | 2025-Q4 stale |
| Stonehearth Capital Management, LLC added | 8,808 | $445K | 0.1% | 2025-Q4 stale |
| EverSource Wealth Advisors, LLC trimmed | 7,093 | $305K | 0.1% | 2025-Q1 stale |
| AVANTAX ADVISORY SERVICES, INC. added | 5,687 | $244K | 0.1% | 2025-Q1 stale |
| Wealthfront Advisers LLC added | 4,387 | $221K | 0.1% | 2025-Q4 stale |
| Consolidated Portfolio Review Corp new | 4,156 | $205K | 0.1% | 2025-Q3 stale |
| GTS SECURITIES LLC trimmed | 3,971 | $200K | 0.1% | 2025-Q4 stale |
| Ameritas Advisory Services, LLC trimmed | 3,699 | $175K | 0.1% | 2025-Q2 stale |
| Tortoise Investment Management, LLC | 3,191 | $157K | 0.1% | 2025-Q3 stale |
| Kestra Advisory Services, LLC new | 1,966 | $99K | 0.0% | 2025-Q4 stale |
| Root Financial Partners, LLC new | 1,084 | $53K | 0.0% | 2025-Q3 stale |
| Glenmede Investment Management, LP new | 640 | $30K | 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.