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.
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).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| COMMONWEALTH EQUITY SERVICES, LLC added | 1,008,289 | $32M | 10.7% | 2026-Q1 |
| McAdam, LLC added | 834,445 | $26M | 8.9% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 565,645 | $18M | 6.0% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 559,690 | $18M | 6.0% | 2026-Q1 |
| Storgate, LLC added | 321,309 | $10M | 3.4% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 301,327 | $10M | 3.2% | 2026-Q1 |
| MAI Capital Management added | 273,796 | $9M | 2.9% | 2026-Q1 |
| Salus Financial Advisors, LLC trimmed | 256,973 | $8M | 2.7% | 2026-Q1 |
| Clarity Retirement & Wealth, LLC added | 244,935 | $8M | 2.6% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 238,614 | $8M | 2.5% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 219,673 | $7M | 2.3% | 2026-Q1 |
| Arkadios Wealth Advisors added | 207,872 | $7M | 2.2% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 207,746 | $7M | 2.2% | 2026-Q1 |
| Advyzon Investment Management, LLC new | 204,203 | $6M | 2.2% | 2026-Q1 |
| Sunbelt Securities, Inc. added | 198,066 | $6M | 2.1% | 2026-Q1 |
| Cetera Investment Advisers added | 173,625 | $5M | 1.8% | 2026-Q1 |
| Smartleaf Asset Management LLC added | 160,405 | $5M | 1.7% | 2026-Q1 |
| Mayfair Advisory Group, LLC added | 145,666 | $5M | 1.6% | 2026-Q1 |
| OLD MISSION CAPITAL LLC added | 132,233 | $4M | 1.4% | 2026-Q1 |
| Wayfinding Financial, LLC trimmed | 104,857 | $3M | 1.1% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 96,482 | $3M | 1.0% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 95,053 | $3M | 1.0% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 92,302 | $3M | 1.0% | 2026-Q1 |
| PRINCIPAL SECURITIES, INC. added | 91,135 | $3M | 1.0% | 2026-Q1 |
| S Harris Financial Group, LLC added | 87,986 | $3M | 0.9% | 2026-Q1 |
| New Insight Wealth Advisors added | 71,800 | $2M | 0.8% | 2026-Q1 |
| Payne Capital LLC added | 64,361 | $2M | 0.7% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 62,171 | $2M | 0.7% | 2026-Q1 |
| REDW Wealth LLC added | 55,512 | $2M | 0.6% | 2026-Q1 |
| RFG Advisory, LLC added | 49,385 | $2M | 0.5% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 46,856 | $1M | 0.5% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC new | 45,401 | $1M | 0.5% | 2026-Q1 |
| Farther Finance Advisors, LLC trimmed | 33,443 | $1M | 0.4% | 2026-Q1 |
| SMITH, MOORE & CO. new | 32,125 | $1M | 0.3% | 2026-Q1 |
| Stratos Wealth Advisors, LLC added | 30,484 | $963K | 0.3% | 2026-Q1 |
| Investmark Advisory Group LLC added | 28,017 | $885K | 0.3% | 2026-Q1 |
| Cassilly Financial Group LLC added | 24,854 | $785K | 0.3% | 2026-Q1 |
| BG Investment Services, LLC added | 24,525 | $774K | 0.3% | 2026-Q1 |
| Merit Financial Group, LLC added | 24,036 | $759K | 0.3% | 2026-Q1 |
| IFP Advisors, Inc added | 23,807 | $752K | 0.3% | 2026-Q1 |
| Ashton Thomas Private Wealth, LLC added | 22,561 | $712K | 0.2% | 2026-Q1 |
| HRT FINANCIAL LP added | 19,905 | $628K | 0.2% | 2026-Q1 |
| FMR LLC added | 18,409 | $581K | 0.2% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 17,511 | $553K | 0.2% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 16,990 | $537K | 0.2% | 2026-Q1 |
| Waverly Advisors, LLC added | 15,893 | $502K | 0.2% | 2026-Q1 |
| DAHRING | CUSMANO LLC trimmed | 15,713 | $496K | 0.2% | 2026-Q1 |
| Whipplewood Advisors, LLC trimmed | 14,390 | $454K | 0.2% | 2026-Q1 |
| Forthright Family Wealth Advisory LLC trimmed | 18,164 | $450K | 0.2% | 2026-Q1 |
| Archer Investment Management, LLC trimmed | 13,664 | $432K | 0.1% | 2026-Q1 |
| Cyndeo Wealth Partners, LLC trimmed | 11,417 | $361K | 0.1% | 2026-Q1 |
| Tanager Wealth Management LLP | 10,734 | $339K | 0.1% | 2026-Q1 |
| SCHMIDT P J INVESTMENT MANAGEMENT INC new | 10,362 | $327K | 0.1% | 2026-Q1 |
| Arax Advisory Partners added | 10,186 | $322K | 0.1% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC trimmed | 8,524 | $269K | 0.1% | 2026-Q1 |
| Savvy Advisors, Inc. trimmed | 7,203 | $227K | 0.1% | 2026-Q1 |
| Intergy Private Wealth, LLC | 7,104 | $224K | 0.1% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ added | 6,788 | $214K | 0.1% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. trimmed | 3,917 | $124K | 0.0% | 2026-Q1 |
| Advisory Services Network, LLC added | 3,232 | $102K | 0.0% | 2026-Q1 |
| Spire Wealth Management added | 2,974 | $94K | 0.0% | 2026-Q1 |
| NewEdge Advisors, LLC added | 83,104 | $83K | 0.0% | 2026-Q1 |
| FIFTH THIRD BANCORP new | 1,610 | $51K | 0.0% | 2026-Q1 |
| CONSULTIVA WEALTH MANAGEMENT, CORP. new | 1,230 | $39K | 0.0% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 1,040 | $33K | 0.0% | 2026-Q1 |
| AE Wealth Management LLC added | 936 | $30K | 0.0% | 2026-Q1 |
| MORGAN STANLEY trimmed | 839 | $26K | 0.0% | 2026-Q1 |
| Larson Financial Group LLC added | 749 | $24K | 0.0% | 2026-Q1 |
| Glass Jacobson Investment Advisors llc added | 403 | $13K | 0.0% | 2026-Q1 |
| CoreCap Advisors, LLC trimmed | 366 | $12K | 0.0% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. new | 330 | $10K | 0.0% | 2026-Q1 |
| Merkkuri Wealth Advisors LLC trimmed | 280 | $9K | 0.0% | 2026-Q1 |
| CWM, LLC | 253 | $8K | 0.0% | 2026-Q1 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | 236 | $7K | 0.0% | 2026-Q1 |
| VANGUARD ADVISERS INC new | 212 | $7K | 0.0% | 2026-Q1 |
| HOWE & RUSLING INC | 52 | $2K | 0.0% | 2026-Q1 |
| Abound Wealth Management new | 1 | $36 | 0.0% | 2026-Q1 |
| Allworth Financial LP trimmed | 0 | $2 | 0.0% | 2026-Q1 |
| Thrivent Financial for Lutherans new | 1,449,538 | $45M | 15.1% | 2025-Q4 stale |
| von Borstel & Associates, Inc. new | 107,152 | $3M | 1.1% | 2025-Q3 stale |
| Dentgroup LLC trimmed | 41,795 | $1M | 0.4% | 2025-Q4 stale |
| Retireful, LLC new | 40,093 | $1M | 0.4% | 2025-Q2 stale |
| Virtu Financial LLC new | 35,076 | $1M | 0.4% | 2025-Q4 stale |
| IFC & Insurance Marketing, Inc. new | 22,250 | $687K | 0.2% | 2025-Q4 stale |
| Elevation Wealth Management LLC new | 10,495 | $324K | 0.1% | 2025-Q4 stale |
| COMMONS CAPITAL, LLC new | 9,785 | $302K | 0.1% | 2025-Q4 stale |
| Pasadena Private Wealth, LLC trimmed | 8,359 | $234K | 0.1% | 2025-Q2 stale |
| SUMMIT WEALTH GROUP LLC / CO new | 7,674 | $215K | 0.1% | 2025-Q2 stale |
| LPL Financial LLC new | 8,279 | $212K | 0.1% | 2025-Q1 stale |
| COMERICA BANK | 1,610 | $50K | 0.0% | 2025-Q4 stale |
| UBS Group AG added | 1,577 | $47K | 0.0% | 2025-Q3 stale |
| Elyxium Wealth, LLC new | 1,129 | $35K | 0.0% | 2025-Q4 stale |
| Ameritas Advisory Services, LLC added | 968 | $29K | 0.0% | 2025-Q3 stale |
| Clarity Asset Management, Inc. added | 323 | $8K | 0.0% | 2025-Q1 stale |
| Plante Moran Financial Advisors, LLC new | 58 | $1K | 0.0% | 2025-Q1 stale |
| Aptus Capital Advisors, LLC new | 47 | $1K | 0.0% | 2025-Q3 stale |
| OLIVER LAGORE VANVALIN INVESTMENT GROUP added | 26 | $664 | 0.0% | 2025-Q2 stale |
| Tradewinds Capital Management, LLC | 16 | $485 | 0.0% | 2025-Q3 stale |
| Ball & Co Wealth Management Inc. | 0 | — | 0.0% | 2025-Q4 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 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.
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.