Who owns FDL
Which tracked institutional funds hold FDL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FDL company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-20). 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
71 tracked funds added or opened FDL while 97 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
FDL’s largest tracked holder by dollar value, LPL Financial LLC, sizes it at 0.2% of its own reported 13F book, while the median holder sizes it at 0.2% of theirs — a 0.0pp gap the other way — the median holder sizes FDL more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in FDL 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 480 tracked filers holding FDL, 247 increased or opened the position and 213 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 FDL 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 12
- J.W. COLE ADVISORS, INC.$9M
- CITADEL ADVISORS LLC$4M
- Ipsen Advisor Group LLC$3M
- TOUNJIAN ADVISORY PARTNERS, LLC$2M
- COMPASS FINANCIAL MANAGEMENT LLC$908K
- XTX Topco Ltd$835K
Full exits 33
- Cambridge Investment Research Advisors, Inc.$63M
- Janney Montgomery Scott LLC$33M
- HighTower Advisors, LLC$22M
- Integrated Wealth Concepts LLC$7M
- WEDBUSH SECURITIES INC$6M
- Elevation Capital Advisory, LLC$6M
Largest adds
- LPL Financial LLC$51M
- JONES FINANCIAL COMPANIES LLLP$13M
- AMERIPRISE FINANCIAL INC$11M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$11M
- OSAIC HOLDINGS, INC.$9M
- TRUIST FINANCIAL CORP$6M
Largest trims
- JPMORGAN CHASE & CO$32M
- BNP PARIBAS FINANCIAL MARKETS$32M
- MORGAN STANLEY$22M
- Investors Research Corp$16M
- Independent Advisor Alliance$15M
- Private Advisor Group, LLC$15M
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 |
|---|---|---|---|---|
| LPL Financial LLC added | 15,926,005 | $775M | 19.6% | 2026-Q2 |
| MORGAN STANLEY trimmed | 8,894,688 | $433M | 10.9% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 5,636,574 | $277M | 7.0% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 5,083,870 | $247M | 6.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 3,243,922 | $158M | 4.0% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 2,577,601 | $125M | 3.2% | 2026-Q2 |
| Cetera Investment Advisers added | 2,550,535 | $124M | 3.1% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 2,473,676 | $120M | 3.0% | 2026-Q2 |
| UBS Group AG added | 2,468,862 | $120M | 3.0% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 2,255,769 | $110M | 2.8% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 1,732,826 | $84M | 2.1% | 2026-Q2 |
| Csenge Advisory Group added | 1,728,408 | $84M | 2.1% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 1,713,342 | $85M | 2.1% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 1,524,238 | $74M | 1.9% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 1,213,621 | $59M | 1.5% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 997,443 | $49M | 1.2% | 2026-Q2 |
| Rockport Wealth LLC added | 982,928 | $48M | 1.2% | 2026-Q2 |
| Private Advisor Group, LLC trimmed | 969,772 | $47M | 1.2% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 904,402 | $44M | 1.1% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 725,028 | $35M | 0.9% | 2026-Q2 |
| TRUE Private Wealth Advisors trimmed | 627,429 | $31M | 0.8% | 2026-Q2 |
| Baird Financial Group, Inc. trimmed | 581,274 | $28M | 0.7% | 2026-Q2 |
| Southland Equity Partners LLC added | 561,017 | $27M | 0.7% | 2026-Q2 |
| STEPHENS INC /AR/ added | 553,057 | $27M | 0.7% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 543,349 | $26M | 0.7% | 2026-Q2 |
| BEACON FINANCIAL GROUP added | 477,704 | $23M | 0.6% | 2026-Q2 |
| &PARTNERS added | 471,992 | $23M | 0.6% | 2026-Q2 |
| D.A. DAVIDSON & CO. added | 464,193 | $23M | 0.6% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. added | 456,188 | $22M | 0.6% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 430,333 | $21M | 0.5% | 2026-Q2 |
| Kingsview Wealth Management, LLC added | 422,375 | $21M | 0.5% | 2026-Q2 |
| RFG Advisory, LLC added | 384,975 | $19M | 0.5% | 2026-Q2 |
| Vestmark Advisory Solutions, Inc. added | 364,025 | $18M | 0.4% | 2026-Q2 |
| Equitable Holdings, Inc. added | 339,897 | $17M | 0.4% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 314,308 | $15M | 0.4% | 2026-Q2 |
| HC Advisors, LLC added | 301,517 | $15M | 0.4% | 2026-Q2 |
| MANCHESTER FINANCIAL INC trimmed | 295,698 | $14M | 0.4% | 2026-Q2 |
| Center for Wealth Management Advisory added | 289,599 | $14M | 0.4% | 2026-Q2 |
| McAdam, LLC added | 281,475 | $14M | 0.3% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 271,318 | $13M | 0.3% | 2026-Q2 |
| Rehmann Capital Advisory Group added | 268,982 | $13M | 0.3% | 2026-Q2 |
| Summit Financial Wealth Advisors, LLC added | 263,650 | $13M | 0.3% | 2026-Q2 |
| Hobart Private Capital, LLC added | 261,661 | $13M | 0.3% | 2026-Q2 |
| Next Level Private LLC trimmed | 251,170 | $12M | 0.3% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 249,536 | $12M | 0.3% | 2026-Q2 |
| Del-Sette Capital Management, LLC trimmed | 245,466 | $12M | 0.3% | 2026-Q2 |
| Keeler Thomas Management LLC added | 244,574 | $12M | 0.3% | 2026-Q2 |
| PERRYMAN FINANCIAL ADVISORY INC /AD added | 236,123 | $11M | 0.3% | 2026-Q2 |
| Goldstone Financial Group, LLC trimmed | 219,270 | $11M | 0.3% | 2026-Q2 |
| Mariner, LLC trimmed | 216,768 | $11M | 0.3% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 204,448 | $10M | 0.3% | 2026-Q2 |
| Key Client Fiduciary Advisors, LLC added | 201,438 | $10M | 0.2% | 2026-Q2 |
| Arax Advisory Partners added | 192,847 | $9M | 0.2% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 192,482 | $9M | 0.2% | 2026-Q2 |
| J.W. COLE ADVISORS, INC. added | 180,846 | $9M | 0.2% | 2026-Q2 |
| Allworth Financial LP added | 179,430 | $9M | 0.2% | 2026-Q2 |
| Compass Financial Services Inc added | 173,592 | $8M | 0.2% | 2026-Q2 |
| COZAD ASSET MANAGEMENT INC added | 171,576 | $8M | 0.2% | 2026-Q2 |
| Mach-1 Financial Group, LLC trimmed | 169,188 | $8M | 0.2% | 2026-Q2 |
| Randall & Associates Wealth Management trimmed | 163,745 | $8M | 0.2% | 2026-Q2 |
| BlueChip Wealth Advisors LLC trimmed | 163,113 | $8M | 0.2% | 2026-Q2 |
| Leelyn Smith, LLC added | 162,596 | $8M | 0.2% | 2026-Q2 |
| JFS WEALTH ADVISORS, LLC added | 158,678 | $8M | 0.2% | 2026-Q2 |
| Proactive Wealth Strategies LLC added | 157,158 | $8M | 0.2% | 2026-Q2 |
| Prosperity Consulting Group, LLC added | 152,997 | $7M | 0.2% | 2026-Q2 |
| Investors Research Corp trimmed | 151,969 | $7M | 0.2% | 2026-Q2 |
| Avior Wealth Management, LLC trimmed | 148,852 | $7M | 0.2% | 2026-Q2 |
| Farther Finance Advisors, LLC trimmed | 141,542 | $7M | 0.2% | 2026-Q2 |
| Sigma Planning Corp added | 138,389 | $7M | 0.2% | 2026-Q2 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC added | 137,125 | $7M | 0.2% | 2026-Q2 |
| Harvest Investment Services, LLC added | 136,135 | $7M | 0.2% | 2026-Q2 |
| VestGen Advisors, LLC added | 131,294 | $6M | 0.2% | 2026-Q2 |
| Milestones Private Investment Advisors LLC added | 131,010 | $6M | 0.2% | 2026-Q2 |
| Independent Advisor Alliance trimmed | 130,595 | $6M | 0.2% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 128,242 | $6M | 0.2% | 2026-Q2 |
| NewEdge Advisors, LLC added | 127,637 | $6M | 0.2% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 125,203 | $6M | 0.2% | 2026-Q2 |
| Oxford Wealth Group, LLC added | 124,182 | $6M | 0.2% | 2026-Q2 |
| Creative Planning trimmed | 123,636 | $6M | 0.2% | 2026-Q2 |
| CFS Investment Advisory Services, LLC trimmed | 123,207 | $6M | 0.2% | 2026-Q2 |
| Fairvoy Private Wealth, LLC added | 123,197 | $6M | 0.2% | 2026-Q2 |
| HFG Advisors, Inc. added | 123,145 | $6M | 0.2% | 2026-Q2 |
| GENESIS PRIVATE WEALTH, LLC added | 121,926 | $6M | 0.1% | 2026-Q2 |
| Stratos Wealth Partners, LTD. added | 121,152 | $6M | 0.1% | 2026-Q2 |
| Snowden Capital Advisors LLC trimmed | 118,979 | $6M | 0.1% | 2026-Q2 |
| Maia Wealth LLC added | 118,158 | $6M | 0.1% | 2026-Q2 |
| Concurrent Investment Advisors, LLC added | 115,717 | $6M | 0.1% | 2026-Q2 |
| Hidden Cove Wealth Management, LLC trimmed | 115,430 | $6M | 0.1% | 2026-Q2 |
| Arkadios Wealth Advisors added | 111,759 | $5M | 0.1% | 2026-Q2 |
| Prospera Financial Services Inc trimmed | 111,366 | $5M | 0.1% | 2026-Q2 |
| One Capital Management, LLC | 109,559 | $6M | 0.1% | 2026-Q2 |
| Bluespring Wealth Management, LLC added | 104,257 | $5M | 0.1% | 2026-Q2 |
| IHT Wealth Management, LLC added | 101,832 | $5M | 0.1% | 2026-Q2 |
| Turning Point Benefit Group, Inc. added | 100,897 | $5M | 0.1% | 2026-Q2 |
| Asset One Wealth Management LLC added | 99,766 | $5M | 0.1% | 2026-Q2 |
| Total Clarity Wealth Management, Inc. added | 96,794 | $5M | 0.1% | 2026-Q2 |
| Gateway Wealth Partners, LLC trimmed | 96,382 | $5M | 0.1% | 2026-Q2 |
| Summit Financial, LLC added | 96,334 | $5M | 0.1% | 2026-Q2 |
| Wisconsin Wealth Advisors, LLC trimmed | 94,893 | $5M | 0.1% | 2026-Q2 |
| Elevated Capital Advisors, LLC trimmed | 94,673 | $5M | 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.