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Institutional Ownership · SEC Form 13F

Who owns FDEM (FDEM)


Which tracked institutional funds hold FDEM, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FDEM 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.

78
Institutional holders
7,786,386
Shares held (tracked funds)

How the tape is positioned

30 tracked funds added or opened FDEM while 11 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

FDEM’s largest tracked holder by dollar value, Thrivent Financial for Lutherans, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.

Book-share is each fund’s reported value in FDEM 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 78 tracked filers holding FDEM, 55 increased or opened the position and 27 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 FDEM 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 6

  • Advyzon Investment Management, LLC$6M
  • GOLDMAN SACHS GROUP INC$2M
  • WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$1M
  • SMITH, MOORE & CO.$1M
  • HRT FINANCIAL LP$628K
  • Waverly Advisors, LLC$502K

Full exits 4

  • Thrivent Financial for Lutherans$45M
  • Dentgroup LLC$1M
  • Virtu Financial LLC$1M
  • IFC & Insurance Marketing, Inc.$687K

Largest adds

  • JANE STREET GROUP, LLC$15M
  • RAYMOND JAMES FINANCIAL INC$10M
  • CITADEL ADVISORS LLC$4M
  • McAdam, LLC$4M
  • Arkadios Wealth Advisors$4M
  • Sunbelt Securities, Inc.$3M

Largest trims

  • OSAIC HOLDINGS, INC.$6M
  • Archer Investment Management, LLC$4M
  • NewEdge Advisors, LLC$2M
  • SUSQUEHANNA INTERNATIONAL GROUP, LLP$764K
  • Salus Financial Advisors, LLC$639K
  • JPMORGAN CHASE & CO$505K

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).

FundSharesReported value% of valueQuarter
COMMONWEALTH EQUITY SERVICES, LLC added1,008,289$32M10.7%2026-Q1
McAdam, LLC added834,445$26M8.9%2026-Q1
JANE STREET GROUP, LLC added565,645$18M6.0%2026-Q1
RAYMOND JAMES FINANCIAL INC added559,690$18M6.0%2026-Q1
Storgate, LLC added321,309$10M3.4%2026-Q1
CITADEL ADVISORS LLC added301,327$10M3.2%2026-Q1
MAI Capital Management added273,796$9M2.9%2026-Q1
Salus Financial Advisors, LLC trimmed256,973$8M2.7%2026-Q1
Clarity Retirement & Wealth, LLC added244,935$8M2.6%2026-Q1
ENVESTNET ASSET MANAGEMENT INC added238,614$8M2.5%2026-Q1
OSAIC HOLDINGS, INC. trimmed219,673$7M2.3%2026-Q1
Arkadios Wealth Advisors added207,872$7M2.2%2026-Q1
Kestra Advisory Services, LLC added207,746$7M2.2%2026-Q1
Advyzon Investment Management, LLC new204,203$6M2.2%2026-Q1
Sunbelt Securities, Inc. added198,066$6M2.1%2026-Q1
Cetera Investment Advisers added173,625$5M1.8%2026-Q1
Smartleaf Asset Management LLC added160,405$5M1.7%2026-Q1
Mayfair Advisory Group, LLC added145,666$5M1.6%2026-Q1
OLD MISSION CAPITAL LLC added132,233$4M1.4%2026-Q1
Wayfinding Financial, LLC trimmed104,857$3M1.1%2026-Q1
MML INVESTORS SERVICES, LLC trimmed96,482$3M1.0%2026-Q1
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added95,053$3M1.0%2026-Q1
Cambridge Investment Research Advisors, Inc. added92,302$3M1.0%2026-Q1
PRINCIPAL SECURITIES, INC. added91,135$3M1.0%2026-Q1
S Harris Financial Group, LLC added87,986$3M0.9%2026-Q1
New Insight Wealth Advisors added71,800$2M0.8%2026-Q1
Payne Capital LLC added64,361$2M0.7%2026-Q1
GOLDMAN SACHS GROUP INC added62,171$2M0.7%2026-Q1
REDW Wealth LLC added55,512$2M0.6%2026-Q1
RFG Advisory, LLC added49,385$2M0.5%2026-Q1
JPMORGAN CHASE & CO trimmed46,856$1M0.5%2026-Q1
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC new45,401$1M0.5%2026-Q1
Farther Finance Advisors, LLC trimmed33,443$1M0.4%2026-Q1
SMITH, MOORE & CO. new32,125$1M0.3%2026-Q1
Stratos Wealth Advisors, LLC added30,484$963K0.3%2026-Q1
Investmark Advisory Group LLC added28,017$885K0.3%2026-Q1
Cassilly Financial Group LLC added24,854$785K0.3%2026-Q1
BG Investment Services, LLC added24,525$774K0.3%2026-Q1
Merit Financial Group, LLC added24,036$759K0.3%2026-Q1
IFP Advisors, Inc added23,807$752K0.3%2026-Q1
Ashton Thomas Private Wealth, LLC added22,561$712K0.2%2026-Q1
HRT FINANCIAL LP added19,905$628K0.2%2026-Q1
FMR LLC added18,409$581K0.2%2026-Q1
AMERIPRISE FINANCIAL INC trimmed17,511$553K0.2%2026-Q1
SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed16,990$537K0.2%2026-Q1
Waverly Advisors, LLC added15,893$502K0.2%2026-Q1
DAHRING | CUSMANO LLC trimmed15,713$496K0.2%2026-Q1
Whipplewood Advisors, LLC trimmed14,390$454K0.2%2026-Q1
Forthright Family Wealth Advisory LLC trimmed18,164$450K0.2%2026-Q1
Archer Investment Management, LLC trimmed13,664$432K0.1%2026-Q1
Cyndeo Wealth Partners, LLC trimmed11,417$361K0.1%2026-Q1
Tanager Wealth Management LLP10,734$339K0.1%2026-Q1
SCHMIDT P J INVESTMENT MANAGEMENT INC new10,362$327K0.1%2026-Q1
Arax Advisory Partners added10,186$322K0.1%2026-Q1
Steward Partners Investment Advisory, LLC trimmed8,524$269K0.1%2026-Q1
Savvy Advisors, Inc. trimmed7,203$227K0.1%2026-Q1
Intergy Private Wealth, LLC7,104$224K0.1%2026-Q1
NATIONAL BANK OF CANADA /FI/ added6,788$214K0.1%2026-Q1
HARBOUR INVESTMENTS, INC. trimmed3,917$124K0.0%2026-Q1
Advisory Services Network, LLC added3,232$102K0.0%2026-Q1
Spire Wealth Management added2,974$94K0.0%2026-Q1
NewEdge Advisors, LLC added83,104$83K0.0%2026-Q1
FIFTH THIRD BANCORP new1,610$51K0.0%2026-Q1
CONSULTIVA WEALTH MANAGEMENT, CORP. new1,230$39K0.0%2026-Q1
WELLS FARGO & COMPANY/MN added1,040$33K0.0%2026-Q1
AE Wealth Management LLC added936$30K0.0%2026-Q1
MORGAN STANLEY trimmed839$26K0.0%2026-Q1
Larson Financial Group LLC added749$24K0.0%2026-Q1
Glass Jacobson Investment Advisors llc added403$13K0.0%2026-Q1
CoreCap Advisors, LLC trimmed366$12K0.0%2026-Q1
PNC FINANCIAL SERVICES GROUP, INC. new330$10K0.0%2026-Q1
Merkkuri Wealth Advisors LLC trimmed280$9K0.0%2026-Q1
CWM, LLC253$8K0.0%2026-Q1
O'SHAUGHNESSY ASSET MANAGEMENT, LLC236$7K0.0%2026-Q1
VANGUARD ADVISERS INC new212$7K0.0%2026-Q1
HOWE & RUSLING INC52$2K0.0%2026-Q1
Abound Wealth Management new1$360.0%2026-Q1
Allworth Financial LP trimmed0$20.0%2026-Q1
Thrivent Financial for Lutherans new1,449,538$45M15.1%2025-Q4 stale
von Borstel & Associates, Inc. new107,152$3M1.1%2025-Q3 stale
Dentgroup LLC trimmed41,795$1M0.4%2025-Q4 stale
Retireful, LLC new40,093$1M0.4%2025-Q2 stale
Virtu Financial LLC new35,076$1M0.4%2025-Q4 stale
IFC & Insurance Marketing, Inc. new22,250$687K0.2%2025-Q4 stale
Elevation Wealth Management LLC new10,495$324K0.1%2025-Q4 stale
COMMONS CAPITAL, LLC new9,785$302K0.1%2025-Q4 stale
Pasadena Private Wealth, LLC trimmed8,359$234K0.1%2025-Q2 stale
SUMMIT WEALTH GROUP LLC / CO new7,674$215K0.1%2025-Q2 stale
LPL Financial LLC new8,279$212K0.1%2025-Q1 stale
COMERICA BANK1,610$50K0.0%2025-Q4 stale
UBS Group AG added1,577$47K0.0%2025-Q3 stale
Elyxium Wealth, LLC new1,129$35K0.0%2025-Q4 stale
Ameritas Advisory Services, LLC added968$29K0.0%2025-Q3 stale
Clarity Asset Management, Inc. added323$8K0.0%2025-Q1 stale
Plante Moran Financial Advisors, LLC new58$1K0.0%2025-Q1 stale
Aptus Capital Advisors, LLC new47$1K0.0%2025-Q3 stale
OLIVER LAGORE VANVALIN INVESTMENT GROUP added26$6640.0%2025-Q2 stale
Tradewinds Capital Management, LLC16$4850.0%2025-Q3 stale
Ball & Co Wealth Management Inc.00.0%2025-Q4 stale
CONCOURSE FINANCIAL GROUP SECURITIES, INC.00.0%2025-Q2 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.

HoldersTotal shares

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.

Learn how to read institutional ownership