Who owns FDN (FDN)
Which tracked institutional funds hold FDN, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FDN 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 FDN is one-sided between 2025-Q4 and 2026-Q1: 34 added or opened and 182 trimmed or exited — on balance reducing.
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
FDN’s largest tracked holder by dollar value, CITIGROUP INC, sizes it at 0.2% of its own reported 13F book, while the median holder sizes it at 0.1% 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 FDN 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 549 tracked filers holding FDN, 161 increased or opened the position and 322 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 FDN 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 11
- Nan Shan Life Insurance Co., Ltd.$10M
- Quantitative Investment Management, LLC$4M
- OPPENHEIMER & CO INC$4M
- Independent Advisor Alliance$3M
- MILLENNIUM MANAGEMENT LLC$2M
- Vanguard National Trust Co$1M
Full exits 41
- TWO SIGMA INVESTMENTS, LP$82M
- Qube Research & Technologies Ltd$18M
- NewEdge Advisors, LLC$17M
- Harel Insurance Investments & Financial Services Ltd.$15M
- 360 Financial, Inc.$15M
- MARSHALL WACE, LLP$14M
Largest adds
- CITIGROUP INC$269M
- BNP PARIBAS FINANCIAL MARKETS$94M
- Corient Private Wealth LLC$34M
- FLOW TRADERS U.S. LLC$9M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$8M
- MWA Asset Management$2M
Largest trims
- FIRST TRUST ADVISORS LP$750M
- WELLS FARGO & COMPANY/MN$78M
- UBS Group AG$70M
- MORGAN STANLEY$68M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$61M
- LPL Financial LLC$55M
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 |
|---|---|---|---|---|
| CITIGROUP INC added | 1,158,281 | $271M | 10.7% | 2026-Q1 |
| MORGAN STANLEY trimmed | 1,085,330 | $254M | 10.0% | 2026-Q1 |
| LPL Financial LLC trimmed | 730,084 | $171M | 6.7% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 714,020 | $167M | 6.6% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 658,163 | $154M | 6.1% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 404,524 | $95M | 3.7% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 398,912 | $93M | 3.7% | 2026-Q1 |
| UBS Group AG trimmed | 390,904 | $91M | 3.6% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 293,230 | $69M | 2.7% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 151,887 | $36M | 1.4% | 2026-Q1 |
| Corient Private Wealth LLC added | 149,392 | $35M | 1.4% | 2026-Q1 |
| TRUIST FINANCIAL CORP trimmed | 134,905 | $32M | 1.2% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 133,551 | $31M | 1.2% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 130,849 | $31M | 1.2% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 115,196 | $27M | 1.1% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 107,565 | $25M | 1.0% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 103,505 | $24M | 1.0% | 2026-Q1 |
| Fisher Asset Management, LLC trimmed | 103,182 | $24M | 1.0% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 97,080 | $23M | 0.9% | 2026-Q1 |
| EARNED WEALTH ADVISORS, LLC added | 89,254 | $21M | 0.8% | 2026-Q1 |
| Janney Montgomery Scott LLC trimmed | 88,598 | $21M | 0.8% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 82,399 | $19M | 0.8% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 82,284 | $19M | 0.8% | 2026-Q1 |
| Tamar Securities, LLC added | 74,373 | $17M | 0.7% | 2026-Q1 |
| WCG Wealth Advisors LLC trimmed | 69,266 | $16M | 0.6% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 65,691 | $15M | 0.6% | 2026-Q1 |
| Sequoia Financial Advisors, LLC trimmed | 64,949 | $15M | 0.6% | 2026-Q1 |
| BENJAMIN EDWARDS INC trimmed | 62,736 | $15M | 0.6% | 2026-Q1 |
| ASSETMARK, INC added | 59,636 | $14M | 0.5% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 61,427 | $14M | 0.5% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS added | 57,199 | $13M | 0.5% | 2026-Q1 |
| Baird Financial Group, Inc. trimmed | 55,841 | $13M | 0.5% | 2026-Q1 |
| Rockefeller Capital Management L.P. trimmed | 46,042 | $11M | 0.4% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 46,177 | $10M | 0.4% | 2026-Q1 |
| Beaumont Financial Advisors, LLC trimmed | 44,152 | $10M | 0.4% | 2026-Q1 |
| Nan Shan Life Insurance Co., Ltd. added | 44,000 | $10M | 0.4% | 2026-Q1 |
| CITIZENS FINANCIAL GROUP INC/RI trimmed | 43,847 | $10M | 0.4% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 42,737 | $10M | 0.4% | 2026-Q1 |
| FLOW TRADERS U.S. LLC added | 39,149 | $9M | 0.4% | 2026-Q1 |
| DAYMARK WEALTH PARTNERS, LLC trimmed | 37,695 | $9M | 0.3% | 2026-Q1 |
| Summit Financial, LLC trimmed | 36,754 | $9M | 0.3% | 2026-Q1 |
| Warner Group LLC trimmed | 35,355 | $8M | 0.3% | 2026-Q1 |
| Point72 Asset Management, L.P. trimmed | 32,400 | $8M | 0.3% | 2026-Q1 |
| Wealth Management Partners, LLC trimmed | 31,985 | $7M | 0.3% | 2026-Q1 |
| PEAPACK GLADSTONE FINANCIAL CORP trimmed | 31,744 | $7M | 0.3% | 2026-Q1 |
| Arkadios Wealth Advisors trimmed | 31,661 | $7M | 0.3% | 2026-Q1 |
| SeaCrest Wealth Management, LLC trimmed | 31,565 | $7M | 0.3% | 2026-Q1 |
| Southland Equity Partners LLC added | 31,444 | $7M | 0.3% | 2026-Q1 |
| KESTRA PRIVATE WEALTH SERVICES, LLC trimmed | 30,774 | $7M | 0.3% | 2026-Q1 |
| Equitable Holdings, Inc. added | 26,472 | $7M | 0.3% | 2026-Q1 |
| PINNACLE ASSOCIATES LTD trimmed | 30,327 | $7M | 0.3% | 2026-Q1 |
| Aster Capital Management (DIFC) Ltd trimmed | 31,650 | $7M | 0.3% | 2026-Q1 |
| Holistic Financial Partners added | 28,968 | $7M | 0.3% | 2026-Q1 |
| Pacific Sun Financial Corp trimmed | 28,653 | $7M | 0.3% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 26,066 | $6M | 0.2% | 2026-Q1 |
| Private Advisor Group, LLC trimmed | 25,578 | $6M | 0.2% | 2026-Q1 |
| Creative Planning added | 25,483 | $6M | 0.2% | 2026-Q1 |
| Regal Investment Advisors LLC trimmed | 25,460 | $6M | 0.2% | 2026-Q1 |
| NTV Asset Management LLC trimmed | 24,858 | $6M | 0.2% | 2026-Q1 |
| Proactive Wealth Strategies LLC added | 24,796 | $6M | 0.2% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 24,308 | $6M | 0.2% | 2026-Q1 |
| Mariner, LLC trimmed | 23,872 | $6M | 0.2% | 2026-Q1 |
| Somerset Trust Co trimmed | 22,787 | $5M | 0.2% | 2026-Q1 |
| Plus Group Wealth Advisors LLC added | 22,597 | $5M | 0.2% | 2026-Q1 |
| World Investment Advisors trimmed | 22,473 | $5M | 0.2% | 2026-Q1 |
| Gateway Wealth Partners, LLC added | 22,073 | $5M | 0.2% | 2026-Q1 |
| FIRST TRUST ADVISORS LP trimmed | 21,559 | $5M | 0.2% | 2026-Q1 |
| MeadowBrook Investment Advisors LLC trimmed | 20,224 | $5M | 0.2% | 2026-Q1 |
| Waverly Advisors, LLC trimmed | 19,626 | $5M | 0.2% | 2026-Q1 |
| Quantitative Investment Management, LLC added | 18,939 | $4M | 0.2% | 2026-Q1 |
| STEPHENS INC /AR/ added | 18,842 | $4M | 0.2% | 2026-Q1 |
| Paragon Private Wealth Management, LLC trimmed | 18,456 | $4M | 0.2% | 2026-Q1 |
| Pinnacle Wealth Management Advisory Group, LLC trimmed | 18,404 | $4M | 0.2% | 2026-Q1 |
| Pathstone Holdings, LLC | 17,690 | $4M | 0.2% | 2026-Q1 |
| OPPENHEIMER & CO INC trimmed | 16,511 | $4M | 0.2% | 2026-Q1 |
| Evelyn Partners Investment Management (Europe) Ltd trimmed | 16,341 | $4M | 0.2% | 2026-Q1 |
| Prospera Financial Services Inc trimmed | 16,218 | $4M | 0.1% | 2026-Q1 |
| Plotkin Financial Advisors, LLC | 16,059 | $4M | 0.1% | 2026-Q1 |
| Vestmark Advisory Solutions, Inc. added | 15,897 | $4M | 0.1% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP trimmed | 305,460 | $82M | 3.2% | 2025-Q4 stale |
| Northeast Financial Consultants Inc trimmed | 150,719 | $41M | 1.6% | 2025-Q2 stale |
| Marks Wealth, LLC trimmed | 126,539 | $34M | 1.3% | 2025-Q2 stale |
| PRUDENTIAL PLC added | 153,000 | $34M | 1.3% | 2025-Q1 stale |
| O'Dell Group, LLC trimmed | 104,382 | $29M | 1.2% | 2025-Q3 stale |
| Qube Research & Technologies Ltd trimmed | 65,897 | $18M | 0.7% | 2025-Q4 stale |
| NewEdge Advisors, LLC trimmed | 63,301 | $17M | 0.7% | 2025-Q4 stale |
| Harel Insurance Investments & Financial Services Ltd. | 57,000 | $15M | 0.6% | 2025-Q4 stale |
| 360 Financial, Inc. added | 55,190 | $15M | 0.6% | 2025-Q4 stale |
| MARSHALL WACE, LLP added | 53,326 | $14M | 0.6% | 2025-Q4 stale |
| POTOMAC FUND MANAGEMENT INC /ADV added | 37,911 | $10M | 0.4% | 2025-Q2 stale |
| GTS SECURITIES LLC added | 34,060 | $9M | 0.4% | 2025-Q4 stale |
| AVALON CAPITAL MANAGEMENT trimmed | 27,025 | $8M | 0.3% | 2025-Q3 stale |
| NORDEN GROUP LLC added | 25,365 | $7M | 0.3% | 2025-Q4 stale |
| MONEY CONCEPTS CAPITAL CORP trimmed | 24,755 | $7M | 0.3% | 2025-Q4 stale |
| BRASS TAX WEALTH MANAGEMENT, INC trimmed | 18,322 | $5M | 0.2% | 2025-Q3 stale |
| TUDOR INVESTMENT CORP ET AL trimmed | 17,952 | $5M | 0.2% | 2025-Q4 stale |
| Lindbrook Capital, LLC trimmed | 21,252 | $5M | 0.2% | 2025-Q1 stale |
| Quadrature Capital Ltd trimmed | 15,458 | $4M | 0.2% | 2025-Q4 stale |
| AVANTAX ADVISORY SERVICES, INC. trimmed | 14,242 | $4M | 0.2% | 2025-Q2 stale |
| Horizon Wealth Management, LLC added | 13,349 | $4M | 0.1% | 2025-Q3 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.