Who owns FDL (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-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
The tracked-fund tape on FDL is one-sided between 2025-Q4 and 2026-Q1: 182 added or opened and 37 trimmed or exited — on balance accumulating.
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 2025-Q4 and 2026-Q1, across 502 tracked filers holding FDL, 276 increased or opened the position and 189 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 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 21
- Keeler Thomas Management LLC$12M
- One Capital Management, LLC$6M
- Elevation Capital Advisory, LLC$6M
- Fairvoy Private Wealth, LLC$5M
- Oxford Wealth Group, LLC$5M
- FIFTH THIRD BANCORP$3M
Full exits 14
- J.W. COLE ADVISORS, INC.$7M
- COMERICA BANK$3M
- ORG Partners LLC$3M
- Coppell Advisory Solutions LLC$2M
- Jump Financial, LLC$1M
- Y-Intercept (Hong Kong) Ltd$1M
Largest adds
- LPL Financial LLC$174M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$96M
- MORGAN STANLEY$70M
- BNP PARIBAS FINANCIAL MARKETS$45M
- JPMORGAN CHASE & CO$31M
- RAYMOND JAMES FINANCIAL INC$24M
Largest trims
- Rockport Wealth LLC$26M
- STIFEL FINANCIAL CORP$15M
- Triumph Capital Management$5M
- Csenge Advisory Group$4M
- N.E.W. Advisory Services LLC$2M
- NewEdge Advisors, LLC$2M
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 |
|---|---|---|---|---|
| LPL Financial LLC added | 14,253,890 | $724M | 17.4% | 2026-Q1 |
| MORGAN STANLEY added | 8,943,250 | $454M | 10.9% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 5,220,047 | $265M | 6.4% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 5,012,854 | $255M | 6.1% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 3,149,580 | $160M | 3.9% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 2,542,553 | $129M | 3.1% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 2,479,044 | $126M | 3.0% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 2,437,479 | $124M | 3.0% | 2026-Q1 |
| UBS Group AG added | 2,388,075 | $121M | 2.9% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 1,944,117 | $99M | 2.4% | 2026-Q1 |
| Csenge Advisory Group trimmed | 1,570,369 | $80M | 1.9% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 1,489,366 | $76M | 1.8% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 1,419,817 | $72M | 1.7% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 1,425,963 | $72M | 1.7% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 1,247,273 | $63M | 1.5% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 1,236,399 | $63M | 1.5% | 2026-Q1 |
| Private Advisor Group, LLC added | 1,219,939 | $62M | 1.5% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 1,149,010 | $58M | 1.4% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 914,785 | $46M | 1.1% | 2026-Q1 |
| Rockport Wealth LLC trimmed | 885,584 | $45M | 1.1% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 884,684 | $45M | 1.1% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 755,135 | $38M | 0.9% | 2026-Q1 |
| TRUE Private Wealth Advisors trimmed | 738,221 | $38M | 0.9% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 696,641 | $35M | 0.9% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 657,281 | $33M | 0.8% | 2026-Q1 |
| Baird Financial Group, Inc. added | 593,781 | $30M | 0.7% | 2026-Q1 |
| Southland Equity Partners LLC added | 557,532 | $28M | 0.7% | 2026-Q1 |
| STEPHENS INC /AR/ trimmed | 542,724 | $28M | 0.7% | 2026-Q1 |
| BEACON FINANCIAL GROUP trimmed | 471,986 | $24M | 0.6% | 2026-Q1 |
| Investors Research Corp added | 321,226 | $24M | 0.6% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. added | 445,083 | $23M | 0.5% | 2026-Q1 |
| D.A. DAVIDSON & CO. added | 441,547 | $22M | 0.5% | 2026-Q1 |
| &PARTNERS added | 437,696 | $22M | 0.5% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 432,371 | $22M | 0.5% | 2026-Q1 |
| Independent Advisor Alliance added | 424,961 | $22M | 0.5% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 417,121 | $21M | 0.5% | 2026-Q1 |
| Kingsview Wealth Management, LLC added | 394,636 | $20M | 0.5% | 2026-Q1 |
| Vestmark Advisory Solutions, Inc. added | 363,830 | $18M | 0.4% | 2026-Q1 |
| RFG Advisory, LLC added | 330,271 | $17M | 0.4% | 2026-Q1 |
| MANCHESTER FINANCIAL INC trimmed | 315,646 | $16M | 0.4% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 302,261 | $15M | 0.4% | 2026-Q1 |
| HC Advisors, LLC trimmed | 292,704 | $15M | 0.4% | 2026-Q1 |
| Del-Sette Capital Management, LLC added | 286,124 | $15M | 0.3% | 2026-Q1 |
| Center for Wealth Management Advisory trimmed | 284,409 | $14M | 0.3% | 2026-Q1 |
| Equitable Holdings, Inc. added | 314,147 | $14M | 0.3% | 2026-Q1 |
| Goldstone Financial Group, LLC trimmed | 274,094 | $14M | 0.3% | 2026-Q1 |
| Rockefeller Capital Management L.P. trimmed | 270,485 | $14M | 0.3% | 2026-Q1 |
| Mariner, LLC trimmed | 260,490 | $13M | 0.3% | 2026-Q1 |
| Summit Financial Wealth Advisors, LLC added | 256,650 | $13M | 0.3% | 2026-Q1 |
| Rehmann Capital Advisory Group added | 254,424 | $13M | 0.3% | 2026-Q1 |
| Hobart Private Capital, LLC trimmed | 253,181 | $13M | 0.3% | 2026-Q1 |
| McAdam, LLC added | 252,802 | $13M | 0.3% | 2026-Q1 |
| Next Level Private LLC trimmed | 251,817 | $13M | 0.3% | 2026-Q1 |
| Prospera Financial Services Inc trimmed | 246,349 | $13M | 0.3% | 2026-Q1 |
| Keeler Thomas Management LLC new | 235,888 | $12M | 0.3% | 2026-Q1 |
| PERRYMAN FINANCIAL ADVISORY INC /AD trimmed | 233,339 | $12M | 0.3% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 200,492 | $10M | 0.2% | 2026-Q1 |
| Mach-1 Financial Group, LLC trimmed | 187,141 | $10M | 0.2% | 2026-Q1 |
| Gateway Wealth Partners, LLC added | 186,152 | $9M | 0.2% | 2026-Q1 |
| Key Client Fiduciary Advisors, LLC added | 182,600 | $9M | 0.2% | 2026-Q1 |
| Allworth Financial LP added | 176,457 | $9M | 0.2% | 2026-Q1 |
| Randall & Associates Wealth Management trimmed | 172,881 | $9M | 0.2% | 2026-Q1 |
| BlueChip Wealth Advisors LLC trimmed | 169,708 | $9M | 0.2% | 2026-Q1 |
| Compass Financial Services Inc added | 165,278 | $8M | 0.2% | 2026-Q1 |
| COZAD ASSET MANAGEMENT INC added | 161,747 | $8M | 0.2% | 2026-Q1 |
| Leelyn Smith, LLC added | 160,776 | $8M | 0.2% | 2026-Q1 |
| JFS WEALTH ADVISORS, LLC trimmed | 158,536 | $8M | 0.2% | 2026-Q1 |
| Arax Advisory Partners added | 158,446 | $8M | 0.2% | 2026-Q1 |
| Proactive Wealth Strategies LLC added | 156,256 | $8M | 0.2% | 2026-Q1 |
| Farther Finance Advisors, LLC added | 151,311 | $8M | 0.2% | 2026-Q1 |
| Avior Wealth Management, LLC added | 148,873 | $8M | 0.2% | 2026-Q1 |
| Prosperity Consulting Group, LLC added | 145,892 | $7M | 0.2% | 2026-Q1 |
| AE Wealth Management LLC added | 143,493 | $7M | 0.2% | 2026-Q1 |
| Creative Planning trimmed | 138,201 | $7M | 0.2% | 2026-Q1 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC added | 136,962 | $7M | 0.2% | 2026-Q1 |
| Harvest Investment Services, LLC added | 131,045 | $7M | 0.2% | 2026-Q1 |
| Integrated Wealth Concepts LLC added | 129,212 | $7M | 0.2% | 2026-Q1 |
| Hidden Cove Wealth Management, LLC added | 128,463 | $7M | 0.2% | 2026-Q1 |
| CFS Investment Advisory Services, LLC trimmed | 126,507 | $6M | 0.2% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 123,445 | $6M | 0.1% | 2026-Q1 |
| HFG Advisors, Inc. added | 122,254 | $6M | 0.1% | 2026-Q1 |
| WEDBUSH SECURITIES INC added | 120,849 | $6M | 0.1% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 120,194 | $6M | 0.1% | 2026-Q1 |
| Snowden Capital Advisors LLC added | 120,014 | $6M | 0.1% | 2026-Q1 |
| GENESIS PRIVATE WEALTH, LLC added | 117,279 | $6M | 0.1% | 2026-Q1 |
| Concurrent Investment Advisors, LLC added | 115,549 | $6M | 0.1% | 2026-Q1 |
| One Capital Management, LLC trimmed | 109,559 | $6M | 0.1% | 2026-Q1 |
| Elevation Capital Advisory, LLC trimmed | 108,285 | $6M | 0.1% | 2026-Q1 |
| Fortis Group Advisors, LLC added | 106,278 | $5M | 0.1% | 2026-Q1 |
| OneAscent Financial Services LLC added | 45,981 | $5M | 0.1% | 2026-Q1 |
| KESTRA PRIVATE WEALTH SERVICES, LLC trimmed | 102,202 | $5M | 0.1% | 2026-Q1 |
| MOSELEY INVESTMENT MANAGEMENT INC added | 101,801 | $5M | 0.1% | 2026-Q1 |
| Sigma Planning Corp trimmed | 96,955 | $5M | 0.1% | 2026-Q1 |
| BANK HAPOALIM BM | 348,000 | $15M | 0.4% | 2025-Q2 stale |
| WJ Wealth Management, LLC trimmed | 185,569 | $8M | 0.2% | 2025-Q2 stale |
| J.W. COLE ADVISORS, INC. added | 160,270 | $7M | 0.2% | 2025-Q4 stale |
| WORLD EQUITY GROUP, INC. added | 160,665 | $7M | 0.2% | 2025-Q3 stale |
| Atria Wealth Solutions, Inc. trimmed | 160,497 | $7M | 0.2% | 2025-Q2 stale |
| EWG Elevate Inc. added | 149,216 | $6M | 0.2% | 2025-Q3 stale |
| AVANTAX ADVISORY SERVICES, INC. trimmed | 125,343 | $5M | 0.1% | 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.