Who owns FDD
Which tracked institutional funds hold FDD, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FDD 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
23 tracked funds added or opened FDD while 16 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
FDD’s largest tracked holder by dollar value, MORGAN STANLEY, 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 gap the other way — the median holder sizes FDD more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in FDD 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 133 tracked filers holding FDD, 77 increased or opened the position and 52 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 FDD 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 2
- J2 Capital Management Inc$1M
- Global Assets Advisory, LLC$639K
Full exits 8
- Janney Montgomery Scott LLC$7M
- FLOW TRADERS U.S. LLC$3M
- Cambridge Investment Research Advisors, Inc.$3M
- Concorde Asset Management, LLC$2M
- Independent Advisor Alliance$2M
- TCFG WEALTH MANAGEMENT, LLC$2M
Largest adds
- MORGAN STANLEY$4M
- BANK OF AMERICA CORP /DE/$3M
- Warner Group LLC$3M
- NewEdge Advisors, LLC$3M
- AMERIPRISE FINANCIAL INC$3M
- OSAIC HOLDINGS, INC.$2M
Largest trims
- JANE STREET GROUP, LLC$6M
- IFP Advisors, Inc$3M
- CITADEL ADVISORS LLC$2M
- UBS Group AG$1M
- Gateway Wealth Partners, LLC$761K
- WELLS FARGO & COMPANY/MN$613K
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 |
|---|---|---|---|---|
| MORGAN STANLEY added | 3,724,608 | $69M | 14.7% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 2,281,990 | $42M | 9.0% | 2026-Q2 |
| MANCHESTER FINANCIAL INC trimmed | 1,919,602 | $36M | 7.6% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 1,761,355 | $33M | 7.0% | 2026-Q2 |
| LPL Financial LLC added | 1,463,835 | $27M | 5.8% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 1,461,977 | $27M | 5.8% | 2026-Q2 |
| UBS Group AG trimmed | 1,352,087 | $25M | 5.4% | 2026-Q2 |
| ODonnell Financial Services, LLC added | 958,425 | $18M | 3.8% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 890,206 | $17M | 3.5% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 828,951 | $15M | 3.3% | 2026-Q2 |
| Prospera Financial Services Inc added | 587,578 | $11M | 2.3% | 2026-Q2 |
| Intellectus Partners, LLC trimmed | 540,106 | $10M | 2.1% | 2026-Q2 |
| Warner Group LLC added | 399,427 | $7M | 1.6% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 390,954 | $7M | 1.5% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 274,367 | $5M | 1.1% | 2026-Q2 |
| Owen LaRue, LLC added | 255,152 | $5M | 1.0% | 2026-Q2 |
| Allie Family Office LLC | 226,903 | $4M | 0.9% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. added | 223,991 | $4M | 0.9% | 2026-Q2 |
| Atria Investments, Inc added | 223,175 | $4M | 0.9% | 2026-Q2 |
| Equitable Holdings, Inc. added | 223,085 | $4M | 0.9% | 2026-Q2 |
| Sanctuary Advisors, LLC added | 218,120 | $4M | 0.9% | 2026-Q2 |
| FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC. added | 215,059 | $4M | 0.9% | 2026-Q2 |
| FLAGSHIP HARBOR ADVISORS, LLC added | 214,083 | $4M | 0.8% | 2026-Q2 |
| NewEdge Advisors, LLC added | 206,138 | $4M | 0.8% | 2026-Q2 |
| Next Level Private LLC added | 190,195 | $4M | 0.8% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 184,112 | $3M | 0.7% | 2026-Q2 |
| Hobart Private Capital, LLC added | 178,103 | $3M | 0.7% | 2026-Q2 |
| Murphy, Middleton, Hinkle & Parker, Inc. added | 169,415 | $3M | 0.7% | 2026-Q2 |
| Cetera Investment Advisers added | 167,079 | $3M | 0.7% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 166,357 | $3M | 0.7% | 2026-Q2 |
| IFP Advisors, Inc trimmed | 165,816 | $3M | 0.7% | 2026-Q2 |
| Waverly Advisors, LLC added | 155,046 | $3M | 0.6% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 152,671 | $3M | 0.6% | 2026-Q2 |
| Baird Financial Group, Inc. added | 148,140 | $3M | 0.6% | 2026-Q2 |
| N.E.W. Advisory Services LLC added | 140,012 | $3M | 0.6% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 137,347 | $3M | 0.5% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 131,593 | $2M | 0.5% | 2026-Q2 |
| Ignite Planners, LLC trimmed | 123,190 | $2M | 0.5% | 2026-Q2 |
| Foundations Investment Advisors, LLC added | 122,478 | $2M | 0.5% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 109,225 | $2M | 0.4% | 2026-Q2 |
| TCFG Investment Advisors, LLC added | 102,067 | $2M | 0.4% | 2026-Q2 |
| KESTRA PRIVATE WEALTH SERVICES, LLC added | 85,067 | $2M | 0.3% | 2026-Q2 |
| Concurrent Investment Advisors, LLC added | 82,864 | $2M | 0.3% | 2026-Q2 |
| Kestra Advisory Services, LLC trimmed | 80,106 | $1M | 0.3% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 79,917 | $1M | 0.3% | 2026-Q2 |
| Moors & Cabot, Inc. added | 59,995 | $1M | 0.2% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 59,734 | $1M | 0.2% | 2026-Q2 |
| Quantinno Capital Management LP added | 58,650 | $1M | 0.2% | 2026-Q2 |
| Snowden Capital Advisors LLC added | 56,314 | $1M | 0.2% | 2026-Q2 |
| Wisconsin Wealth Advisors, LLC trimmed | 54,839 | $1M | 0.2% | 2026-Q2 |
| J2 Capital Management Inc added | 54,462 | $1M | 0.2% | 2026-Q2 |
| BlueChip Wealth Advisors LLC trimmed | 53,882 | $1,000K | 0.2% | 2026-Q2 |
| Gateway Wealth Partners, LLC trimmed | 49,148 | $912K | 0.2% | 2026-Q2 |
| Navis Wealth Advisors, LLC trimmed | 47,001 | $872K | 0.2% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 45,454 | $843K | 0.2% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 44,839 | $832K | 0.2% | 2026-Q2 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC added | 43,387 | $803K | 0.2% | 2026-Q2 |
| Envestnet Portfolio Solutions, Inc. trimmed | 41,651 | $773K | 0.2% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 40,381 | $749K | 0.2% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 38,205 | $720K | 0.2% | 2026-Q2 |
| STEPHENS INC /AR/ | 37,258 | $691K | 0.1% | 2026-Q2 |
| Elevated Capital Advisors, LLC trimmed | 36,117 | $670K | 0.1% | 2026-Q2 |
| Cullen/Frost Bankers, Inc. added | 34,755 | $645K | 0.1% | 2026-Q2 |
| Global Assets Advisory, LLC trimmed | 34,500 | $639K | 0.1% | 2026-Q2 |
| COTTONWOOD CAPITAL ADVISORS, LLC added | 33,385 | $619K | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 31,244 | $580K | 0.1% | 2026-Q2 |
| Sigma Planning Corp added | 30,809 | $572K | 0.1% | 2026-Q2 |
| Orion Porfolio Solutions, LLC added | 28,930 | $537K | 0.1% | 2026-Q2 |
| Topsail Wealth Management, LLC added | 28,707 | $533K | 0.1% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 26,798 | $497K | 0.1% | 2026-Q2 |
| Compound Planning, Inc. added | 26,065 | $484K | 0.1% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 26,022 | $483K | 0.1% | 2026-Q2 |
| RASP WEALTH SOLUTIONS, LLC new | 25,702 | $477K | 0.1% | 2026-Q2 |
| INDEPENDENT FINANCIAL GROUP, LLC added | 23,891 | $443K | 0.1% | 2026-Q2 |
| LEE JOHNSON CAPITAL MANAGEMENT, LLC trimmed | 22,503 | $417K | 0.1% | 2026-Q2 |
| BENJAMIN EDWARDS INC trimmed | 20,793 | $386K | 0.1% | 2026-Q2 |
| CALTON & ASSOCIATES, INC. added | 20,706 | $384K | 0.1% | 2026-Q2 |
| Berger Financial Group, Inc added | 19,791 | $367K | 0.1% | 2026-Q2 |
| RFG Advisory, LLC trimmed | 18,691 | $347K | 0.1% | 2026-Q2 |
| HighPoint Advisor Group LLC trimmed | 18,065 | $335K | 0.1% | 2026-Q2 |
| Beacon Pointe Advisors, LLC new | 17,924 | $332K | 0.1% | 2026-Q2 |
| KINTRA WEALTH, LLC trimmed | 17,708 | $362K | 0.1% | 2026-Q2 |
| J.W. COLE ADVISORS, INC. added | 16,517 | $306K | 0.1% | 2026-Q2 |
| Brookstone Capital Management new | 15,832 | $294K | 0.1% | 2026-Q2 |
| Fairfield Financial Advisors, LTD new | 15,397 | $286K | 0.1% | 2026-Q2 |
| LIBERTY WEALTH MANAGEMENT LLC | 14,617 | $260K | 0.1% | 2026-Q2 |
| Advisory Services Network, LLC added | 14,608 | $271K | 0.1% | 2026-Q2 |
| MGO ONE SEVEN LLC added | 14,254 | $264K | 0.1% | 2026-Q2 |
| Register Financial Advisors LLC added | 13,938 | $259K | 0.1% | 2026-Q2 |
| Strategic Financial Partners, Ltd. added | 13,925 | $258K | 0.1% | 2026-Q2 |
| PRINCIPAL SECURITIES, INC. added | 13,275 | $246K | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 12,500 | $232K | 0.0% | 2026-Q2 |
| Treasure Coast Financial Planning added | 12,047 | $223K | 0.0% | 2026-Q2 |
| Merit Financial Group, LLC | 11,980 | $222K | 0.0% | 2026-Q2 |
| LVZ, Inc. | 11,500 | $213K | 0.0% | 2026-Q2 |
| Valued Retirements, Inc. new | 11,314 | $210K | 0.0% | 2026-Q2 |
| Stratos Wealth Partners, LTD. new | 11,097 | $206K | 0.0% | 2026-Q2 |
| FSB PREMIER WEALTH MANAGEMENT, INC. added | 10,689 | $198K | 0.0% | 2026-Q2 |
| SBI Securities Co., Ltd. trimmed | 8,488 | $157K | 0.0% | 2026-Q2 |
| Larson Financial Group LLC | 7,080 | $131K | 0.0% | 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.