Who owns FBND
Which tracked institutional funds hold FBND, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FBND company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-20). 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
321 tracked funds added or opened FBND while 117 trimmed or exited it between 2026-Q1 and 2026-Q2 — 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
FBND’s largest tracked holder by dollar value, NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO, sizes it at 2.5% of its own reported 13F book, while the median holder sizes it at 2.2% of theirs — a 0.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in FBND 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 762 tracked filers holding FBND, 529 increased or opened the position and 255 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 FBND 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 24
- Global Retirement Partners, LLC$37M
- Financial & Tax Architects, LLC$24M
- GAINLINE FINANCIAL PARTNERS, LLC$17M
- J.W. COLE ADVISORS, INC.$16M
- Diversify Advisory Services, LLC$11M
- 49 WEALTH MANAGEMENT, LLC$11M
Full exits 38
- CWM, LLC$176M
- Capital Analysts, LLC$144M
- Thrivent Financial for Lutherans$135M
- TruWealth Advisors, LLC$130M
- HighTower Advisors, LLC$90M
- Cambridge Investment Research Advisors, Inc.$79M
Largest adds
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$252M
- Waverly Advisors, LLC$146M
- Modern Wealth Management, LLC$140M
- LPL Financial LLC$109M
- Legacy Wealth Management, LLC$90M
- MORGAN STANLEY$56M
Largest trims
- Triad Wealth Partners, LLC$52M
- Allworth Financial LP$47M
- Henderson Brothers Financial Partners, LLC$38M
- Horizon Investments, LLC$25M
- Certified Advisory Corp$22M
- KICKSTAND VENTURES, LLC.$17M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 101,656,759 | $4.6B | 25.8% | 2026-Q2 |
| MORGAN STANLEY added | 36,816,208 | $1.7B | 9.3% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 15,740,788 | $716M | 4.0% | 2026-Q2 |
| FMR LLC added | 15,305,769 | $696M | 3.9% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 13,982,930 | $639M | 3.6% | 2026-Q2 |
| LPL Financial LLC added | 13,045,220 | $593M | 3.3% | 2026-Q2 |
| Dynasty Wealth Management, LLC added | 10,970,047 | $499M | 2.8% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 9,016,360 | $410M | 2.3% | 2026-Q2 |
| Modern Wealth Management, LLC added | 8,110,234 | $369M | 2.1% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 8,059,617 | $367M | 2.0% | 2026-Q2 |
| Cetera Investment Advisers added | 7,296,054 | $332M | 1.9% | 2026-Q2 |
| COUNTRY TRUST BANK added | 6,857,648 | $312M | 1.7% | 2026-Q2 |
| UBS Group AG added | 6,750,589 | $307M | 1.7% | 2026-Q2 |
| Quotient Wealth Partners, LLC added | 6,729,858 | $306M | 1.7% | 2026-Q2 |
| Legacy Wealth Management, LLC added | 5,495,432 | $250M | 1.4% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 5,491,783 | $250M | 1.4% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 5,113,836 | $233M | 1.3% | 2026-Q2 |
| SAX WEALTH ADVISORS, LLC added | 4,491,470 | $205M | 1.1% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 4,397,539 | $200M | 1.1% | 2026-Q2 |
| MATHER GROUP, LLC. trimmed | 4,110,125 | $187M | 1.0% | 2026-Q2 |
| RITHOLTZ WEALTH MANAGEMENT added | 4,066,886 | $185M | 1.0% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 3,994,283 | $182M | 1.0% | 2026-Q2 |
| Waverly Advisors, LLC added | 3,836,584 | $175M | 1.0% | 2026-Q2 |
| Retirement Planning Group, LLC added | 3,153,325 | $143M | 0.8% | 2026-Q2 |
| Blue Chip Partners, LLC added | 3,081,830 | $140M | 0.8% | 2026-Q2 |
| SAGESPRING WEALTH PARTNERS, LLC added | 3,049,078 | $139M | 0.8% | 2026-Q2 |
| Forvis Mazars Wealth Advisors, LLC added | 2,968,727 | $135M | 0.8% | 2026-Q2 |
| Focus Partners Wealth added | 2,463,277 | $112M | 0.6% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 2,459,061 | $112M | 0.6% | 2026-Q2 |
| McKinley Carter Wealth Services, Inc. added | 2,446,971 | $111M | 0.6% | 2026-Q2 |
| Summit Financial Strategies, Inc. added | 2,384,200 | $108M | 0.6% | 2026-Q2 |
| Corient Private Wealth LP added | 2,128,519 | $97M | 0.5% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 2,127,446 | $97M | 0.5% | 2026-Q2 |
| Octavia Wealth Advisors, LLC added | 2,053,945 | $94M | 0.5% | 2026-Q2 |
| Valeo Financial Advisors, LLC added | 1,985,582 | $85M | 0.5% | 2026-Q2 |
| Falcon Wealth Planning added | 1,634,738 | $74M | 0.4% | 2026-Q2 |
| Wealthcare Advisory Partners LLC added | 1,565,006 | $71M | 0.4% | 2026-Q2 |
| Private Advisor Group, LLC added | 1,530,984 | $70M | 0.4% | 2026-Q2 |
| Ameritas Advisory Services, LLC added | 1,517,610 | $69M | 0.4% | 2026-Q2 |
| Ullmann Wealth Partners Group, LLC added | 1,482,823 | $67M | 0.4% | 2026-Q2 |
| Concurrent Investment Advisors, LLC added | 1,435,649 | $65M | 0.4% | 2026-Q2 |
| HUB Investment Partners, LLC added | 1,421,650 | $65M | 0.4% | 2026-Q2 |
| Syntegra Private Wealth Group, LLC added | 1,388,561 | $63M | 0.4% | 2026-Q2 |
| Rehmann Capital Advisory Group added | 1,363,514 | $62M | 0.3% | 2026-Q2 |
| Arkadios Wealth Advisors added | 1,307,314 | $59M | 0.3% | 2026-Q2 |
| Aptus Capital Advisors, LLC added | 1,298,147 | $59M | 0.3% | 2026-Q2 |
| Sunburst Financial Group, LLC added | 1,190,025 | $54M | 0.3% | 2026-Q2 |
| RFG Advisory, LLC trimmed | 1,163,561 | $53M | 0.3% | 2026-Q2 |
| Harbor Group, Inc. added | 1,116,081 | $51M | 0.3% | 2026-Q2 |
| McGlone Suttner Wealth Management, Inc. added | 1,114,382 | $51M | 0.3% | 2026-Q2 |
| Drake & Associates, LLC added | 1,098,394 | $50M | 0.3% | 2026-Q2 |
| Dynamic Advisor Solutions LLC added | 1,095,153 | $50M | 0.3% | 2026-Q2 |
| OLIO Financial Planning added | 1,084,423 | $49M | 0.3% | 2026-Q2 |
| Navalign, LLC added | 1,083,023 | $49M | 0.3% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 1,059,149 | $49M | 0.3% | 2026-Q2 |
| Landing Point Financial Group, LLC added | 1,043,899 | $47M | 0.3% | 2026-Q2 |
| NICOLET BANKSHARES INC added | 1,027,399 | $47M | 0.3% | 2026-Q2 |
| Crane Advisory, LLC added | 1,026,233 | $46M | 0.3% | 2026-Q2 |
| W.G. Shaheen & Associates DBA Whitney & Co added | 971,403 | $44M | 0.2% | 2026-Q2 |
| Sherrill & Hutchins Financial Advisory, Inc added | 943,913 | $43M | 0.2% | 2026-Q2 |
| Shakespeare Wealth Management, LLC added | 941,225 | $43M | 0.2% | 2026-Q2 |
| WEATHERLY ASSET MANAGEMENT L. P. added | 927,020 | $42M | 0.2% | 2026-Q2 |
| WestHill Financial Advisors, Inc. added | 914,982 | $42M | 0.2% | 2026-Q2 |
| Larson Financial Group LLC added | 912,200 | $41M | 0.2% | 2026-Q2 |
| Lineweaver Wealth Advisors, LLC added | 903,819 | $41M | 0.2% | 2026-Q2 |
| Brookstone Capital Management added | 894,979 | $41M | 0.2% | 2026-Q2 |
| Bleakley Financial Group, LLC trimmed | 881,683 | $40M | 0.2% | 2026-Q2 |
| CORRECT CAPITAL WEALTH MANAGEMENT added | 879,135 | $40M | 0.2% | 2026-Q2 |
| POWER WEALTH MANAGEMENT LLC added | 865,549 | $39M | 0.2% | 2026-Q2 |
| Pallas Capital Advisors LLC added | 853,855 | $39M | 0.2% | 2026-Q2 |
| ASPIRIANT, LLC added | 833,949 | $38M | 0.2% | 2026-Q2 |
| Arete Wealth Advisors, LLC added | 832,624 | $38M | 0.2% | 2026-Q2 |
| Coyle Financial Counsel LLC added | 827,671 | $38M | 0.2% | 2026-Q2 |
| Baird Financial Group, Inc. added | 816,468 | $37M | 0.2% | 2026-Q2 |
| KFG WEALTH MANAGEMENT, LLC added | 813,982 | $37M | 0.2% | 2026-Q2 |
| Compass Ion Advisors, LLC added | 812,609 | $37M | 0.2% | 2026-Q2 |
| Global Retirement Partners, LLC added | 806,651 | $37M | 0.2% | 2026-Q2 |
| Mascoma Wealth Management LLC added | 801,959 | $36M | 0.2% | 2026-Q2 |
| ABLE Financial Group, LLC added | 791,676 | $36M | 0.2% | 2026-Q2 |
| Henderson Brothers Financial Partners, LLC trimmed | 782,427 | $36M | 0.2% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. added | 781,949 | $36M | 0.2% | 2026-Q2 |
| Stone House Investment Management, LLC added | 780,129 | $35M | 0.2% | 2026-Q2 |
| Gotham Asset Management, LLC added | 778,810 | $35M | 0.2% | 2026-Q2 |
| VICUS CAPITAL added | 769,512 | $35M | 0.2% | 2026-Q2 |
| OneDigital Investment Advisors LLC added | 765,893 | $35M | 0.2% | 2026-Q2 |
| Bank of New York Mellon Corp added | 742,317 | $34M | 0.2% | 2026-Q2 |
| Creative Planning trimmed | 738,717 | $34M | 0.2% | 2026-Q2 |
| FOUNDERS FINANCIAL SECURITIES LLC added | 733,356 | $33M | 0.2% | 2026-Q2 |
| Horizon Investments, LLC trimmed | 732,704 | $33M | 0.2% | 2026-Q2 |
| WBH ADVISORY INC trimmed | 729,218 | $33M | 0.2% | 2026-Q2 |
| Scott Capital Advisors, LLC added | 722,949 | $33M | 0.2% | 2026-Q2 |
| Souders Financial Advisors added | 713,409 | $32M | 0.2% | 2026-Q2 |
| Leelyn Smith, LLC added | 702,891 | $32M | 0.2% | 2026-Q2 |
| Wealthspire Retirement, LLC added | 702,477 | $32M | 0.2% | 2026-Q2 |
| Presidio Capital Management, LLC added | 694,781 | $32M | 0.2% | 2026-Q2 |
| VALLEY NATIONAL ADVISERS INC added | 680,582 | $31M | 0.2% | 2026-Q2 |
| Wealth Alliance Advisory Group, LLC trimmed | 674,141 | $31M | 0.2% | 2026-Q2 |
| Farther Finance Advisors, LLC trimmed | 664,235 | $30M | 0.2% | 2026-Q2 |
| CAPITAL WEALTH MANAGEMENT, LLC added | 663,628 | $30M | 0.2% | 2026-Q2 |
| Cyndeo Wealth Partners, LLC added | 662,811 | $30M | 0.2% | 2026-Q2 |
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.