Who owns FAS
Which tracked institutional funds hold FAS, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FAS company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-19). 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
11 tracked funds added or opened FAS while 22 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
FAS’s largest tracked holder by dollar value, CITADEL ADVISORS LLC, 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 FAS 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 75 tracked filers holding FAS, 36 increased or opened the position and 38 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 FAS 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
- GOLDMAN SACHS GROUP INC$5M
- CIBC Bancorp USA Inc.$4M
- Integrated Wealth Concepts LLC$3M
- SIMPLEX TRADING, LLC$2M
- XTX Topco Ltd$1M
- GROUP ONE TRADING LLC$1M
Full exits 7
- CIBC Private Wealth Group LLC$6M
- Quadrature Capital Ltd$6M
- Modern Wealth Management, LLC$2M
- Virtu Financial LLC$2M
- Squarepoint Ops LLC$1M
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$1M
Largest adds
- CITADEL ADVISORS LLC$79M
- CAPTRUST FINANCIAL ADVISORS$3M
- Private Capital Management, LLC$635K
Largest trims
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$13M
- JANE STREET GROUP, LLC$10M
- Torrey Growth & Income Advisors$3M
- Avestar Capital, LLC$3M
- HRT FINANCIAL LP$2M
- TWO SIGMA SECURITIES, LLC$2M
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 |
|---|---|---|---|---|
| CITADEL ADVISORS LLC added | 929,200 | $110M | 48.7% | 2026-Q1 |
| Torrey Growth & Income Advisors | 64,270 | $7M | 3.3% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 44,591 | $5M | 2.3% | 2026-Q1 |
| CIBC Bancorp USA Inc. new | 36,860 | $4M | 1.9% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS added | 31,847 | $4M | 1.7% | 2026-Q1 |
| GTS SECURITIES LLC added | 29,526 | $4M | 1.5% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 28,253 | $3M | 1.5% | 2026-Q1 |
| Integrated Wealth Concepts LLC trimmed | 27,803 | $3M | 1.5% | 2026-Q1 |
| Jump Financial, LLC added | 25,378 | $3M | 1.3% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 25,200 | $3M | 1.3% | 2026-Q1 |
| Capital Investment Advisors, LLC trimmed | 16,030 | $2M | 0.8% | 2026-Q1 |
| Private Capital Management, LLC added | 15,300 | $2M | 0.8% | 2026-Q1 |
| SIMPLEX TRADING, LLC trimmed | 15,123 | $2M | 0.8% | 2026-Q1 |
| LPL Financial LLC added | 10,674 | $1M | 0.6% | 2026-Q1 |
| Mariner, LLC added | 9,642 | $1M | 0.5% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. added | 9,532 | $1M | 0.5% | 2026-Q1 |
| XTX Topco Ltd added | 9,268 | $1M | 0.5% | 2026-Q1 |
| GROUP ONE TRADING LLC trimmed | 8,767 | $1M | 0.5% | 2026-Q1 |
| Avestar Capital, LLC trimmed | 7,792 | $923K | 0.4% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 7,493 | $888K | 0.4% | 2026-Q1 |
| Ethos Financial Group, LLC | 5,116 | $861K | 0.4% | 2026-Q1 |
| MARK SHEPTOFF FINANCIAL PLANNING, LLC | 6,000 | $801K | 0.4% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 5,700 | $675K | 0.3% | 2026-Q1 |
| Allworth Financial LP added | 5,519 | $654K | 0.3% | 2026-Q1 |
| J.E. Simmons & Co., P.C. | 4,800 | $569K | 0.3% | 2026-Q1 |
| TWIN PEAKS WEALTH ADVISORS, LLC new | 4,531 | $537K | 0.2% | 2026-Q1 |
| SBI Securities Co., Ltd. added | 4,151 | $492K | 0.2% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 4,004 | $474K | 0.2% | 2026-Q1 |
| HRT FINANCIAL LP trimmed | 3,888 | $460K | 0.2% | 2026-Q1 |
| Creative Planning added | 3,874 | $459K | 0.2% | 2026-Q1 |
| TWO SIGMA SECURITIES, LLC trimmed | 3,629 | $430K | 0.2% | 2026-Q1 |
| Horizon Wealth Management, LLC | 3,613 | $428K | 0.2% | 2026-Q1 |
| Janney Montgomery Scott LLC trimmed | 3,582 | $424K | 0.2% | 2026-Q1 |
| Ellis Investment Partners, LLC added | 3,560 | $422K | 0.2% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 3,328 | $394K | 0.2% | 2026-Q1 |
| FERGUSON WELLMAN CAPITAL MANAGEMENT, INC | 2,911 | $345K | 0.2% | 2026-Q1 |
| Retirement Planning Co of New England, Inc. added | 2,908 | $345K | 0.2% | 2026-Q1 |
| Tower Research Capital LLC (TRC) added | 2,757 | $327K | 0.1% | 2026-Q1 |
| NORTHERN TRUST CORP | 2,750 | $326K | 0.1% | 2026-Q1 |
| INSIGNEO ADVISORY SERVICES, LLC added | 2,658 | $315K | 0.1% | 2026-Q1 |
| Acropolis Investment Management, LLC | 2,550 | $302K | 0.1% | 2026-Q1 |
| Independent Solutions Wealth Management, LLC | 2,342 | $278K | 0.1% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 2,103 | $249K | 0.1% | 2026-Q1 |
| OpenArc Corporate Advisory, LLC | 2,080 | $246K | 0.1% | 2026-Q1 |
| Sanctuary Advisors, LLC | 2,040 | $242K | 0.1% | 2026-Q1 |
| Vontobel Holding Ltd. added | 2,000 | $237K | 0.1% | 2026-Q1 |
| Scientech Research LLC new | 1,882 | $223K | 0.1% | 2026-Q1 |
| IMC-Chicago, LLC trimmed | 1,863 | $221K | 0.1% | 2026-Q1 |
| Stratos Wealth Advisors, LLC trimmed | 1,769 | $210K | 0.1% | 2026-Q1 |
| OAKWORTH CAPITAL, INC. | 1,520 | $180K | 0.1% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 1,513 | $169K | 0.1% | 2026-Q1 |
| TOTH FINANCIAL ADVISORY CORP trimmed | 1,264 | $150K | 0.1% | 2026-Q1 |
| JFS WEALTH ADVISORS, LLC | 1,186 | $141K | 0.1% | 2026-Q1 |
| Bogart Wealth, LLC added | 1,100 | $130K | 0.1% | 2026-Q1 |
| Pioneer Family Office, LLC | 859 | $102K | 0.0% | 2026-Q1 |
| Moisand Fitzgerald Tamayo, LLC | 800 | $95K | 0.0% | 2026-Q1 |
| SIGNATUREFD, LLC trimmed | 783 | $93K | 0.0% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 725 | $86K | 0.0% | 2026-Q1 |
| MAI Capital Management | 600 | $71K | 0.0% | 2026-Q1 |
| Silicon Valley Capital Partners added | 538 | $64K | 0.0% | 2026-Q1 |
| Morse Asset Management, Inc added | 427 | $51K | 0.0% | 2026-Q1 |
| Qube Research & Technologies Ltd trimmed | 359 | $43K | 0.0% | 2026-Q1 |
| THAMES CAPITAL MANAGEMENT LLC trimmed | 102,119 | $16M | 7.1% | 2025-Q1 stale |
| CIBC Private Wealth Group LLC | 36,860 | $6M | 2.7% | 2025-Q4 stale |
| Quadrature Capital Ltd added | 36,808 | $6M | 2.7% | 2025-Q4 stale |
| Focus Partners Wealth new | 19,200 | $3M | 1.5% | 2025-Q3 stale |
| ELEVATUS WELATH MANAGEMENT trimmed | 15,225 | $3M | 1.2% | 2025-Q3 stale |
| Modern Wealth Management, LLC added | 14,112 | $2M | 1.1% | 2025-Q4 stale |
| Variant Private Wealth, LLC new | 13,920 | $2M | 1.0% | 2025-Q1 stale |
| Virtu Financial LLC trimmed | 10,214 | $2M | 0.8% | 2025-Q4 stale |
| Squarepoint Ops LLC trimmed | 6,878 | $1M | 0.5% | 2025-Q4 stale |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC new | 5,764 | $1M | 0.5% | 2025-Q4 stale |
| ROVIN CAPITAL /UT/ /ADV added | 6,285 | $1M | 0.5% | 2025-Q4 stale |
| Sheaff Brock Investment Advisors, LLC | 5,073 | $802K | 0.4% | 2025-Q1 stale |
| Phoenix Financial Ltd. new | 4,100 | $648K | 0.3% | 2025-Q1 stale |
| WOLVERINE TRADING, LLC trimmed | 3,556 | $642K | 0.3% | 2025-Q3 stale |
| FNY Investment Advisers, LLC added | 3,735 | $629K | 0.3% | 2025-Q2 stale |
| Viewpoint Capital Management LLC | 3,200 | $506K | 0.2% | 2025-Q1 stale |
| FLOW TRADERS U.S. LLC new | 2,045 | $364K | 0.2% | 2025-Q3 stale |
| TOCQUEVILLE ASSET MANAGEMENT L.P. | 2,025 | $360K | 0.2% | 2025-Q3 stale |
| TUDOR INVESTMENT CORP ET AL added | 1,901 | $321K | 0.1% | 2025-Q2 stale |
| CANTOR FITZGERALD, L. P. added | 2,016 | $319K | 0.1% | 2025-Q1 stale |
| Beacon Pointe Advisors, LLC new | 1,715 | $289K | 0.1% | 2025-Q4 stale |
| James J. Burns & Company, LLC | 1,813 | $287K | 0.1% | 2025-Q1 stale |
| Meridian Wealth Management, LLC | 1,626 | $274K | 0.1% | 2025-Q4 stale |
| IEQ CAPITAL, LLC added | 1,512 | $254K | 0.1% | 2025-Q4 stale |
| EverSource Wealth Advisors, LLC added | 1,500 | $253K | 0.1% | 2025-Q2 stale |
| Kaizen Financial Strategies | 1,475 | $248K | 0.1% | 2025-Q4 stale |
| Traynor Capital Management, Inc. | 1,426 | $240K | 0.1% | 2025-Q4 stale |
| 1248 Management, LLC added | 1,400 | $236K | 0.1% | 2025-Q4 stale |
| StoneX Group Inc. added | 1,359 | $229K | 0.1% | 2025-Q4 stale |
| Copperleaf Capital, LLC | 1,265 | $225K | 0.1% | 2025-Q3 stale |
| Lido Advisors, LLC new | 1,321 | $223K | 0.1% | 2025-Q2 stale |
| Belvedere Trading LLC added | 1,406 | $222K | 0.1% | 2025-Q1 stale |
| Grandview Asset Management LLC | 1,267 | $213K | 0.1% | 2025-Q4 stale |
| J.W. COLE ADVISORS, INC. added | 1,246 | $210K | 0.1% | 2025-Q4 stale |
| Cresset Asset Management, LLC added | 1,221 | $205K | 0.1% | 2025-Q4 stale |
| ELEVATION POINT WEALTH PARTNERS, LLC trimmed | 918 | $155K | 0.1% | 2025-Q2 stale |
| Covestor Ltd trimmed | 388 | $65K | 0.0% | 2025-Q4 stale |
| Blue Trust, Inc. | 247 | $39K | 0.0% | 2025-Q1 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.