Who owns FBND (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-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
299 tracked funds added or opened FBND while 105 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
FBND’s largest tracked holder by dollar value, NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO, sizes it at 2.7% of its own reported 13F book, while the median holder sizes it at 2.0% of theirs — a 0.7pp 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 2025-Q4 and 2026-Q1, across 750 tracked filers holding FBND, 526 increased or opened the position and 225 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 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 34
- Henderson Brothers Financial Partners, LLC$73M
- Syntegra Private Wealth Group, LLC$39M
- JANE STREET GROUP, LLC$36M
- NICOLET BANKSHARES INC$30M
- Destiny Wealth Partners, LLC$17M
- Pearl Planning LLC$16M
Full exits 19
- Global Retirement Partners, LLC$35M
- NICOLET ADVISORY SERVICES, LLC$27M
- Main Street Financial Solutions, LLC$24M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$17M
- J.W. COLE ADVISORS, INC.$11M
- Dentgroup LLC$7M
Largest adds
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$4.4B
- ENVESTNET ASSET MANAGEMENT INC$75M
- RAYMOND JAMES FINANCIAL INC$73M
- Quotient Wealth Partners, LLC$71M
- JPMORGAN CHASE & CO$69M
- Dynasty Wealth Management, LLC$68M
Largest trims
- PRUDENT INVESTORS NETWORK, INC.$51M
- NewEdge Advisors, LLC$39M
- SAGESPRING WEALTH PARTNERS, LLC$29M
- Fortitude Advisory Group L.L.C.$18M
- MML INVESTORS SERVICES, LLC$15M
- OSAIC HOLDINGS, INC.$15M
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 |
|---|---|---|---|---|
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 95,853,856 | $4.4B | 25.4% | 2026-Q1 |
| MORGAN STANLEY added | 35,490,785 | $1.6B | 9.4% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 14,706,838 | $671M | 3.9% | 2026-Q1 |
| FMR LLC added | 14,479,853 | $661M | 3.8% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 13,239,117 | $602M | 3.5% | 2026-Q1 |
| LPL Financial LLC added | 10,628,285 | $485M | 2.8% | 2026-Q1 |
| Dynasty Wealth Management, LLC added | 10,210,549 | $466M | 2.7% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 7,831,096 | $357M | 2.1% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 7,472,266 | $341M | 2.0% | 2026-Q1 |
| Cetera Investment Advisers added | 6,801,133 | $310M | 1.8% | 2026-Q1 |
| COUNTRY TRUST BANK added | 6,743,577 | $308M | 1.8% | 2026-Q1 |
| Quotient Wealth Partners, LLC added | 6,501,284 | $297M | 1.7% | 2026-Q1 |
| UBS Group AG added | 6,229,749 | $284M | 1.7% | 2026-Q1 |
| Modern Wealth Management, LLC added | 5,015,653 | $229M | 1.3% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 4,885,442 | $223M | 1.3% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 4,607,046 | $210M | 1.2% | 2026-Q1 |
| MATHER GROUP, LLC. added | 4,344,115 | $198M | 1.2% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 4,191,053 | $191M | 1.1% | 2026-Q1 |
| SAX WEALTH ADVISORS, LLC trimmed | 3,998,696 | $184M | 1.1% | 2026-Q1 |
| RITHOLTZ WEALTH MANAGEMENT added | 4,005,798 | $183M | 1.1% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 3,966,524 | $181M | 1.1% | 2026-Q1 |
| CWM, LLC added | 3,864,523 | $176M | 1.0% | 2026-Q1 |
| Legacy Wealth Management, LLC added | 3,499,700 | $160M | 0.9% | 2026-Q1 |
| Capital Analysts, LLC added | 3,152,490 | $144M | 0.8% | 2026-Q1 |
| Blue Chip Partners, LLC added | 2,979,026 | $136M | 0.8% | 2026-Q1 |
| Thrivent Financial for Lutherans trimmed | 2,950,270 | $135M | 0.8% | 2026-Q1 |
| TruWealth Advisors, LLC added | 2,857,865 | $130M | 0.8% | 2026-Q1 |
| Retirement Planning Group, LLC added | 2,843,873 | $130M | 0.8% | 2026-Q1 |
| Forvis Mazars Wealth Advisors, LLC added | 2,818,729 | $129M | 0.7% | 2026-Q1 |
| SAGESPRING WEALTH PARTNERS, LLC trimmed | 2,671,846 | $122M | 0.7% | 2026-Q1 |
| Focus Partners Wealth trimmed | 1,760,763 | $110M | 0.6% | 2026-Q1 |
| McKinley Carter Wealth Services, Inc. added | 2,269,756 | $104M | 0.6% | 2026-Q1 |
| Summit Financial Strategies, Inc. added | 2,226,626 | $102M | 0.6% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 2,159,388 | $99M | 0.6% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 1,986,174 | $91M | 0.5% | 2026-Q1 |
| HighTower Advisors, LLC added | 1,973,971 | $90M | 0.5% | 2026-Q1 |
| Octavia Wealth Advisors, LLC added | 1,919,010 | $88M | 0.5% | 2026-Q1 |
| Valeo Financial Advisors, LLC added | 1,934,021 | $83M | 0.5% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 1,736,248 | $79M | 0.5% | 2026-Q1 |
| Corient Private Wealth LLC added | 1,715,275 | $78M | 0.5% | 2026-Q1 |
| Henderson Brothers Financial Partners, LLC added | 1,606,810 | $73M | 0.4% | 2026-Q1 |
| Wealthcare Advisory Partners LLC added | 1,523,999 | $70M | 0.4% | 2026-Q1 |
| Private Advisor Group, LLC added | 1,510,419 | $69M | 0.4% | 2026-Q1 |
| Falcon Wealth Planning added | 1,505,536 | $69M | 0.4% | 2026-Q1 |
| PEAPACK GLADSTONE FINANCIAL CORP added | 1,459,194 | $67M | 0.4% | 2026-Q1 |
| HUB Investment Partners, LLC added | 1,358,029 | $62M | 0.4% | 2026-Q1 |
| Concurrent Investment Advisors, LLC added | 1,323,905 | $60M | 0.4% | 2026-Q1 |
| Allworth Financial LP added | 1,311,022 | $60M | 0.3% | 2026-Q1 |
| Rehmann Capital Advisory Group added | 1,296,014 | $59M | 0.3% | 2026-Q1 |
| Horizon Investments, LLC added | 1,274,360 | $58M | 0.3% | 2026-Q1 |
| RFG Advisory, LLC trimmed | 1,263,916 | $58M | 0.3% | 2026-Q1 |
| Aptus Capital Advisors, LLC added | 1,254,511 | $57M | 0.3% | 2026-Q1 |
| Integrated Wealth Concepts LLC added | 1,240,877 | $57M | 0.3% | 2026-Q1 |
| Arkadios Wealth Advisors added | 1,223,952 | $56M | 0.3% | 2026-Q1 |
| Ullmann Wealth Partners Group, LLC added | 1,180,978 | $54M | 0.3% | 2026-Q1 |
| Triad Wealth Partners, LLC added | 1,164,361 | $53M | 0.3% | 2026-Q1 |
| Sunburst Financial Group, LLC added | 1,146,791 | $52M | 0.3% | 2026-Q1 |
| Harbor Group, Inc. added | 1,091,929 | $50M | 0.3% | 2026-Q1 |
| McGlone Suttner Wealth Management, Inc. added | 1,068,057 | $49M | 0.3% | 2026-Q1 |
| Navalign, LLC added | 1,030,049 | $47M | 0.3% | 2026-Q1 |
| Drake & Associates, LLC added | 1,020,406 | $47M | 0.3% | 2026-Q1 |
| OLIO Financial Planning added | 1,018,206 | $46M | 0.3% | 2026-Q1 |
| Crane Advisory, LLC added | 1,010,771 | $46M | 0.3% | 2026-Q1 |
| Dynamic Advisor Solutions LLC added | 968,669 | $44M | 0.3% | 2026-Q1 |
| Sherrill & Hutchins Financial Advisory, Inc added | 905,462 | $41M | 0.2% | 2026-Q1 |
| Bleakley Financial Group, LLC added | 902,747 | $41M | 0.2% | 2026-Q1 |
| WEATHERLY ASSET MANAGEMENT L. P. added | 898,544 | $41M | 0.2% | 2026-Q1 |
| WestHill Financial Advisors, Inc. added | 895,365 | $41M | 0.2% | 2026-Q1 |
| CORRECT CAPITAL WEALTH MANAGEMENT added | 871,474 | $40M | 0.2% | 2026-Q1 |
| Shakespeare Wealth Management, LLC added | 870,659 | $40M | 0.2% | 2026-Q1 |
| Syntegra Private Wealth Group, LLC new | 844,698 | $39M | 0.2% | 2026-Q1 |
| Lineweaver Wealth Advisors, LLC added | 843,285 | $38M | 0.2% | 2026-Q1 |
| Brookstone Capital Management added | 836,222 | $38M | 0.2% | 2026-Q1 |
| Jaffetilchin Investment Partners, LLC added | 835,374 | $38M | 0.2% | 2026-Q1 |
| POWER WEALTH MANAGEMENT LLC added | 830,657 | $38M | 0.2% | 2026-Q1 |
| W.G. Shaheen & Associates DBA Whitney & Co added | 819,204 | $37M | 0.2% | 2026-Q1 |
| Pallas Capital Advisors LLC trimmed | 804,597 | $37M | 0.2% | 2026-Q1 |
| Coyle Financial Counsel LLC added | 794,794 | $36M | 0.2% | 2026-Q1 |
| Compass Ion Advisors, LLC added | 794,361 | $36M | 0.2% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 788,878 | $36M | 0.2% | 2026-Q1 |
| Arete Wealth Advisors, LLC added | 787,482 | $36M | 0.2% | 2026-Q1 |
| KFG WEALTH MANAGEMENT, LLC added | 784,486 | $36M | 0.2% | 2026-Q1 |
| Ameritas Advisory Services, LLC added | 782,368 | $36M | 0.2% | 2026-Q1 |
| Creative Planning trimmed | 776,297 | $35M | 0.2% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 778,778 | $35M | 0.2% | 2026-Q1 |
| VICUS CAPITAL added | 767,829 | $35M | 0.2% | 2026-Q1 |
| Mascoma Wealth Management LLC trimmed | 766,202 | $35M | 0.2% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. added | 763,988 | $35M | 0.2% | 2026-Q1 |
| Larson Financial Group LLC added | 758,834 | $35M | 0.2% | 2026-Q1 |
| ASPIRIANT, LLC added | 749,629 | $34M | 0.2% | 2026-Q1 |
| ABLE Financial Group, LLC added | 747,549 | $34M | 0.2% | 2026-Q1 |
| Baird Financial Group, Inc. added | 741,167 | $34M | 0.2% | 2026-Q1 |
| WBH ADVISORY INC added | 733,804 | $33M | 0.2% | 2026-Q1 |
| Gotham Asset Management, LLC added | 713,817 | $33M | 0.2% | 2026-Q1 |
| Farther Finance Advisors, LLC added | 692,789 | $32M | 0.2% | 2026-Q1 |
| Wealth Alliance Advisory Group, LLC trimmed | 687,028 | $31M | 0.2% | 2026-Q1 |
| Wealthspire Retirement, LLC added | 677,767 | $31M | 0.2% | 2026-Q1 |
| AVANTAX ADVISORY SERVICES, INC. added | 838,606 | $38M | 0.2% | 2025-Q2 stale |
| Global Retirement Partners, LLC added | 759,690 | $35M | 0.2% | 2025-Q4 stale |
| Shorepoint Capital Partners LLC added | 738,826 | $34M | 0.2% | 2025-Q3 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.