Who owns FBT
Which tracked institutional funds hold FBT, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FBT company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-19). 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
90 tracked funds added or opened FBT while 32 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
FBT’s largest tracked holder by dollar value, FIRST TRUST ADVISORS LP, sizes it at 0.5% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.5pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in FBT 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 328 tracked filers holding FBT, 136 increased or opened the position and 136 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 FBT 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 16
- NewEdge Advisors, LLC$16M
- JANE STREET GROUP, LLC$4M
- Ocean Park Asset Management, LLC$2M
- Bluespring Wealth Management, LLC$2M
- Ethos Financial Group, LLC$2M
- Wealthspire Retirement, LLC$2M
Full exits 16
- 360 Financial, Inc.$16M
- Janney Montgomery Scott LLC$13M
- Cambridge Investment Research Advisors, Inc.$10M
- Ameritas Advisory Services, LLC$6M
- HighTower Advisors, LLC$4M
- CWM, LLC$2M
Largest adds
- FIRST TRUST ADVISORS LP$134M
- MORGAN STANLEY$28M
- WELLS FARGO & COMPANY/MN$25M
- RAYMOND JAMES FINANCIAL INC$14M
- TWO SIGMA INVESTMENTS, LP$13M
- ROYAL BANK OF CANADA$12M
Largest trims
- ENVESTNET ASSET MANAGEMENT INC$10M
- ASSETMARK, INC$5M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$4M
- Tower Research Capital LLC (TRC)$3M
- Gateway Wealth Partners, LLC$3M
- MERCER GLOBAL ADVISORS INC /ADV$2M
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 |
|---|---|---|---|---|
| FIRST TRUST ADVISORS LP trimmed | 3,388,725 | $840M | 44.7% | 2026-Q2 |
| MORGAN STANLEY added | 545,436 | $135M | 7.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 444,334 | $110M | 5.9% | 2026-Q2 |
| LPL Financial LLC trimmed | 258,714 | $64M | 3.4% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 221,361 | $55M | 2.9% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 210,355 | $52M | 2.8% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 209,087 | $52M | 2.8% | 2026-Q2 |
| UBS Group AG added | 205,511 | $51M | 2.7% | 2026-Q2 |
| Berger Financial Group, Inc trimmed | 102,351 | $25M | 1.3% | 2026-Q2 |
| Nilsine Partners, LLC added | 97,225 | $24M | 1.3% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 91,239 | $23M | 1.2% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 89,200 | $22M | 1.2% | 2026-Q2 |
| WCG Wealth Advisors LLC added | 83,489 | $21M | 1.1% | 2026-Q2 |
| &PARTNERS trimmed | 77,150 | $19M | 1.0% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 75,527 | $19M | 1.0% | 2026-Q2 |
| Advisory Services Network, LLC trimmed | 71,809 | $18M | 0.9% | 2026-Q2 |
| Summit Financial, LLC added | 66,638 | $17M | 0.9% | 2026-Q2 |
| NewEdge Advisors, LLC added | 66,409 | $16M | 0.9% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 62,403 | $15M | 0.8% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 56,835 | $14M | 0.7% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 54,786 | $14M | 0.7% | 2026-Q2 |
| Csenge Advisory Group added | 49,202 | $12M | 0.6% | 2026-Q2 |
| NewSquare Capital LLC added | 49,037 | $12M | 0.6% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 48,515 | $12M | 0.6% | 2026-Q2 |
| D.A. DAVIDSON & CO. trimmed | 47,983 | $12M | 0.6% | 2026-Q2 |
| TD Waterhouse Canada Inc. added | 47,342 | $12M | 0.6% | 2026-Q2 |
| BENJAMIN EDWARDS INC trimmed | 46,033 | $11M | 0.6% | 2026-Q2 |
| Modern Wealth Management, LLC trimmed | 40,407 | $10M | 0.5% | 2026-Q2 |
| DAYMARK WEALTH PARTNERS, LLC trimmed | 31,616 | $8M | 0.4% | 2026-Q2 |
| Baird Financial Group, Inc. trimmed | 31,591 | $8M | 0.4% | 2026-Q2 |
| World Investment Advisors trimmed | 29,273 | $6M | 0.3% | 2026-Q2 |
| Integrated Wealth Concepts LLC trimmed | 29,099 | $7M | 0.4% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 28,732 | $7M | 0.4% | 2026-Q2 |
| Hartford Financial Management Inc. trimmed | 26,821 | $7M | 0.4% | 2026-Q2 |
| Arlington Financial Advisors, LLC trimmed | 26,377 | $7M | 0.3% | 2026-Q2 |
| ASSETMARK, INC trimmed | 24,440 | $6M | 0.3% | 2026-Q2 |
| RPG Investment Advisory, LLC trimmed | 23,110 | $6M | 0.3% | 2026-Q2 |
| Kestra Advisory Services, LLC trimmed | 20,526 | $5M | 0.3% | 2026-Q2 |
| OPPENHEIMER & CO INC added | 19,294 | $5M | 0.3% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 19,282 | $5M | 0.3% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 16,158 | $4M | 0.2% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 14,901 | $4M | 0.2% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 14,107 | $3M | 0.2% | 2026-Q2 |
| SFI Advisors, LLC trimmed | 13,963 | $3M | 0.2% | 2026-Q2 |
| CITIGROUP INC trimmed | 13,604 | $3M | 0.2% | 2026-Q2 |
| IFP Advisors, Inc added | 13,369 | $3M | 0.2% | 2026-Q2 |
| Proactive Wealth Strategies LLC trimmed | 13,152 | $3M | 0.2% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 12,213 | $3M | 0.2% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 11,277 | $3M | 0.1% | 2026-Q2 |
| Holistic Financial Partners trimmed | 11,074 | $3M | 0.1% | 2026-Q2 |
| JUNCTURE WEALTH STRATEGIES, LLC added | 10,948 | $3M | 0.1% | 2026-Q2 |
| Davis Investment Partners, LLC trimmed | 10,855 | $3M | 0.1% | 2026-Q2 |
| TriaGen Wealth Management LLC added | 10,445 | $3M | 0.1% | 2026-Q2 |
| BROWN ADVISORY INC | 10,389 | $3M | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 10,048 | $2M | 0.1% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 9,704 | $2M | 0.1% | 2026-Q2 |
| Private Advisor Group, LLC trimmed | 9,558 | $2M | 0.1% | 2026-Q2 |
| Beacon Pointe Advisors, LLC added | 9,367 | $2M | 0.1% | 2026-Q2 |
| Texas Yale Capital Corp. | 9,300 | $2M | 0.1% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 9,062 | $2M | 0.1% | 2026-Q2 |
| Ocean Park Asset Management, LLC new | 8,929 | $2M | 0.1% | 2026-Q2 |
| Ancora Advisors LLC trimmed | 8,833 | $2M | 0.1% | 2026-Q2 |
| Clear Harbor Asset Management, LLC | 8,799 | $2M | 0.1% | 2026-Q2 |
| Quad-Cities Investment Group, LLC added | 8,782 | $2M | 0.1% | 2026-Q2 |
| Bluespring Wealth Management, LLC new | 8,642 | $2M | 0.1% | 2026-Q2 |
| NAVELLIER & ASSOCIATES INC added | 8,640 | $2M | 0.1% | 2026-Q2 |
| Cyndeo Wealth Partners, LLC added | 8,458 | $2M | 0.1% | 2026-Q2 |
| KESTRA PRIVATE WEALTH SERVICES, LLC added | 8,390 | $2M | 0.1% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC trimmed | 8,241 | $2M | 0.1% | 2026-Q2 |
| Ethos Financial Group, LLC new | 7,802 | $2M | 0.1% | 2026-Q2 |
| MAI Capital Management trimmed | 7,625 | $2M | 0.1% | 2026-Q2 |
| Pacific Sun Financial Corp trimmed | 7,443 | $2M | 0.1% | 2026-Q2 |
| Snowden Capital Advisors LLC trimmed | 7,120 | $2M | 0.1% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 6,935 | $2M | 0.1% | 2026-Q2 |
| Wealthspire Retirement, LLC | 6,725 | $2M | 0.1% | 2026-Q2 |
| Kovack Advisors, Inc. trimmed | 5,971 | $1M | 0.1% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. trimmed | 5,614 | $1M | 0.1% | 2026-Q2 |
| Financial Enhancement Group LLC trimmed | 5,566 | $1M | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 5,364 | $1M | 0.1% | 2026-Q2 |
| Mutual Advisors, LLC trimmed | 5,289 | $1M | 0.1% | 2026-Q2 |
| BARCLAYS PLC | 5,288 | $1M | 0.1% | 2026-Q2 |
| TRUST CO OF OKLAHOMA added | 5,177 | $1M | 0.1% | 2026-Q2 |
| Stablepoint Partners, LLC added | 5,139 | $1M | 0.1% | 2026-Q2 |
| BlackRock, Inc. added | 5,069 | $1M | 0.1% | 2026-Q2 |
| AE Wealth Management LLC trimmed | 4,984 | $1M | 0.1% | 2026-Q2 |
| Western Wealth Management, LLC added | 4,912 | $1M | 0.1% | 2026-Q2 |
| RFG Advisory, LLC added | 4,871 | $1M | 0.1% | 2026-Q2 |
| IAMS WEALTH MANAGEMENT, LLC added | 4,850 | $1M | 0.1% | 2026-Q2 |
| Signal Advisors Wealth, LLC new | 4,800 | $1M | 0.1% | 2026-Q2 |
| McKinley Carter Wealth Services, Inc. trimmed | 4,773 | $1M | 0.1% | 2026-Q2 |
| Cerity Partners LLC added | 4,737 | $1M | 0.1% | 2026-Q2 |
| NewEdge Wealth, LLC trimmed | 4,572 | $1M | 0.1% | 2026-Q2 |
| GoalVest Advisory LLC | 4,483 | $1M | 0.1% | 2026-Q2 |
| GENTRY PRIVATE WEALTH, LLC | 4,483 | $1M | 0.1% | 2026-Q2 |
| Dynamic Advisor Solutions LLC added | 4,247 | $1M | 0.1% | 2026-Q2 |
| Pinnacle Family Advisors, LLC added | 4,212 | $1M | 0.1% | 2026-Q2 |
| LAKE STREET PRIVATE WEALTH, LLC added | 4,177 | $1M | 0.1% | 2026-Q2 |
| Robertson Stephens Wealth Management, LLC trimmed | 4,138 | $1M | 0.1% | 2026-Q2 |
| PINNACLE ASSOCIATES LTD trimmed | 4,126 | $1M | 0.1% | 2026-Q2 |
| Corient Private Wealth LP trimmed | 4,016 | $996K | 0.1% | 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.