Who owns FCTE
Which tracked institutional funds hold FCTE, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FCTE company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-26). 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
2 tracked funds added or opened FCTE while 1 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
FCTE’s largest tracked holder by dollar value, SMI Advisory Services, LLC, sizes it at 11.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 11.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in FCTE 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 13 tracked filers holding FCTE, 2 increased or opened the position and 11 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 FCTE 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.
Full exits 1
- Cambridge Investment Research Advisors, Inc.$515K
Largest adds
- SMI Advisory Services, LLC$10M
- THEORY FINANCIAL LLC$706K
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 |
|---|---|---|---|---|
| SMI Advisory Services, LLC added | 2,335,162 | $68M | 70.3% | 2026-Q2 |
| THEORY FINANCIAL LLC trimmed | 281,444 | $8M | 8.5% | 2026-Q2 |
| VestGen Advisors, LLC trimmed | 56,461 | $2M | 1.7% | 2026-Q2 |
| IFP Advisors, Inc trimmed | 52,710 | $2M | 1.6% | 2026-Q2 |
| GTS SECURITIES LLC trimmed | 17,680 | $516K | 0.5% | 2026-Q2 |
| NCM Capital Management, LLC | 16,600 | $485K | 0.5% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 6,600 | $193K | 0.2% | 2026-Q2 |
| MORGAN STANLEY | 2,362 | $69K | 0.1% | 2026-Q2 |
| JPMORGAN CHASE & CO | 1,496 | $43K | 0.0% | 2026-Q2 |
| EVOLUTION WEALTH MANAGEMENT INC. | 776 | $23K | 0.0% | 2026-Q2 |
| Principia Wealth Advisory, LLC | 368 | $11K | 0.0% | 2026-Q2 |
| Financial Management Professionals, Inc. | 200 | $6K | 0.0% | 2026-Q2 |
| Qube Research & Technologies Ltd trimmed | 143 | $4K | 0.0% | 2026-Q2 |
| Cambridge Investment Research Advisors, Inc. added | 20,879 | $515K | 0.5% | 2026-Q1 stale (1 quarter behind) |
| JANE STREET GROUP, LLC trimmed | 9,194 | $227K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| Accurate Wealth Management, LLC trimmed | 8,117 | $216K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| UBS Group AG trimmed | 1,264 | $31K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO new | 505 | $12K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Sound Income Strategies, LLC | 202 | $5K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Brookwood Investment Group LLC added | 47,833 | $1M | 1.2% | 2025-Q4 stale (2 quarters behind) |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 32,704 | $814K | 0.8% | 2025-Q4 stale (2 quarters behind) |
| SFI Advisors, LLC added | 14,453 | $360K | 0.4% | 2025-Q4 stale (2 quarters behind) |
| FLOW TRADERS U.S. LLC trimmed | 10,155 | $253K | 0.3% | 2025-Q4 stale (2 quarters behind) |
| Thrivent Financial for Lutherans added | 9,492 | $236K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| BANK OF AMERICA CORP /DE/ new | 358 | $9K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Blue Trust, Inc. new | 265 | $7K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| CWM, LLC | 206 | $5K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| JT Stratford LLC added | 54,865 | $1M | 1.5% | 2025-Q3 stale (3 quarters behind) |
| RAYMOND JAMES FINANCIAL INC added | 18,255 | $485K | 0.5% | 2025-Q3 stale (3 quarters behind) |
| Optiver Holding B.V. new | 11,500 | $306K | 0.3% | 2025-Q3 stale (3 quarters behind) |
| Insight Advisors, LLC/ PA | 8,171 | $217K | 0.2% | 2025-Q3 stale (3 quarters behind) |
| PNC Financial Services Group, Inc. | 370 | $10K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Financial Enhancement Group LLC trimmed | 118,499 | $3M | 3.2% | 2025-Q2 stale (4 quarters behind) |
| Proficio Capital Partners LLC added | 68,061 | $2M | 1.9% | 2025-Q2 stale (4 quarters behind) |
| PEAK FINANCIAL ADVISORS LLC added | 61,812 | $2M | 1.7% | 2025-Q2 stale (4 quarters behind) |
| Stratos Wealth Advisors, LLC trimmed | 47,411 | $1M | 1.3% | 2025-Q2 stale (4 quarters behind) |
| Peak Asset Management, LLC new | 19,328 | $514K | 0.5% | 2025-Q2 stale (4 quarters behind) |
| CITADEL ADVISORS LLC added | 17,341 | $461K | 0.5% | 2025-Q2 stale (4 quarters behind) |
| Hilltop Holdings Inc. | 11,046 | $294K | 0.3% | 2025-Q2 stale (4 quarters behind) |
| Straight Path Wealth Management trimmed | 8,548 | $227K | 0.2% | 2025-Q2 stale (4 quarters behind) |
| Ferguson Shapiro LLC trimmed | 7,781 | $207K | 0.2% | 2025-Q2 stale (4 quarters behind) |
| BANK OF MONTREAL /CAN/ trimmed | 1,275 | $34K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| Allworth Financial LP new | 378 | $10K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| Deane Retirement Strategies, Inc. new | 348 | $9K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
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.