Who owns 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-Q2 13F filings (latest filed 2026-09-02). 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
111 tracked funds added or opened FDN while 56 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
FDN’s largest tracked holder by dollar value, MORGAN STANLEY, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes FDN more heavily than its largest holder by dollar value does.
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 2026-Q1 and 2026-Q2, across 566 tracked filers holding FDN, 182 increased or opened the position and 259 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 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 20
- TWO SIGMA INVESTMENTS, LP$20M
- Strategic Wealth Partners, Ltd.$9M
- NORDEN GROUP LLC$7M
- MONEY CONCEPTS CAPITAL CORP$6M
- VAQUERO PRIVATE WEALTH, LTD$6M
- GTS SECURITIES LLC$5M
Full exits 30
- HighTower Advisors, LLC$24M
- Janney Montgomery Scott LLC$21M
- Cambridge Investment Research Advisors, Inc.$19M
- Nan Shan Life Insurance Co., Ltd.$10M
- FLOW TRADERS U.S. LLC$9M
- PEAPACK GLADSTONE FINANCIAL CORP$7M
Largest adds
- UBS Group AG$58M
- MORGAN STANLEY$34M
- ROYAL BANK OF CANADA$28M
- BANK OF AMERICA CORP /DE/$20M
- CITADEL ADVISORS LLC$16M
- LPL Financial LLC$16M
Largest trims
- CITIGROUP INC$259M
- BNP PARIBAS FINANCIAL MARKETS$94M
- Point72 Asset Management, L.P.$7M
- Summit Financial, LLC$6M
- GOLDMAN SACHS GROUP INC$5M
- Mariner, LLC$3M
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 |
|---|---|---|---|---|
| MORGAN STANLEY added | 1,086,334 | $288M | 13.8% | 2026-Q2 |
| LPL Financial LLC trimmed | 705,057 | $187M | 9.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 676,770 | $179M | 8.6% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 656,654 | $174M | 8.3% | 2026-Q2 |
| UBS Group AG added | 564,479 | $149M | 7.2% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 393,245 | $104M | 5.0% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 366,618 | $97M | 4.7% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 147,526 | $39M | 1.9% | 2026-Q2 |
| Corient Private Wealth LP trimmed | 147,138 | $39M | 1.9% | 2026-Q2 |
| OSAIC HOLDINGS, INC. trimmed | 130,180 | $34M | 1.7% | 2026-Q2 |
| TRUIST FINANCIAL CORP trimmed | 130,043 | $34M | 1.7% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 121,670 | $32M | 1.5% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 111,404 | $29M | 1.4% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 109,056 | $29M | 1.4% | 2026-Q2 |
| Fisher Asset Management, LLC trimmed | 98,784 | $26M | 1.3% | 2026-Q2 |
| EARNED WEALTH ADVISORS, LLC trimmed | 87,118 | $23M | 1.1% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 81,775 | $22M | 1.0% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP trimmed | 75,980 | $20M | 1.0% | 2026-Q2 |
| WCG Wealth Advisors LLC added | 74,915 | $20M | 1.0% | 2026-Q2 |
| Warner Group LLC added | 74,248 | $20M | 0.9% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 65,747 | $17M | 0.8% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 65,148 | $17M | 0.8% | 2026-Q2 |
| Sequoia Financial Advisors, LLC trimmed | 62,711 | $17M | 0.8% | 2026-Q2 |
| ASSETMARK, INC added | 62,081 | $16M | 0.8% | 2026-Q2 |
| Tamar Securities, LLC trimmed | 59,144 | $16M | 0.8% | 2026-Q2 |
| Jump Financial, LLC added | 57,140 | $15M | 0.7% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS trimmed | 54,809 | $15M | 0.7% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 54,075 | $14M | 0.7% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 50,232 | $13M | 0.6% | 2026-Q2 |
| Baird Financial Group, Inc. trimmed | 50,196 | $13M | 0.6% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 48,667 | $13M | 0.6% | 2026-Q2 |
| BENJAMIN EDWARDS INC trimmed | 46,257 | $12M | 0.6% | 2026-Q2 |
| CITIGROUP INC trimmed | 44,672 | $12M | 0.6% | 2026-Q2 |
| Beaumont Financial Advisors, LLC trimmed | 43,410 | $11M | 0.6% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 43,325 | $11M | 0.6% | 2026-Q2 |
| CITIZENS FINANCIAL GROUP INC/RI trimmed | 40,781 | $11M | 0.5% | 2026-Q2 |
| DAYMARK WEALTH PARTNERS, LLC trimmed | 37,578 | $10M | 0.5% | 2026-Q2 |
| Strategic Wealth Partners, Ltd. new | 34,787 | $9M | 0.4% | 2026-Q2 |
| Wealth Management Partners, LLC trimmed | 31,647 | $8M | 0.4% | 2026-Q2 |
| Southland Equity Partners LLC trimmed | 31,421 | $8M | 0.4% | 2026-Q2 |
| SeaCrest Wealth Management, LLC trimmed | 30,334 | $8M | 0.4% | 2026-Q2 |
| PINNACLE ASSOCIATES LTD trimmed | 28,088 | $7M | 0.4% | 2026-Q2 |
| Pacific Sun Financial Corp trimmed | 28,083 | $7M | 0.4% | 2026-Q2 |
| Kestra Advisory Services, LLC trimmed | 27,881 | $7M | 0.4% | 2026-Q2 |
| Equitable Holdings, Inc. added | 26,719 | $7M | 0.3% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 26,449 | $7M | 0.3% | 2026-Q2 |
| Waverly Advisors, LLC added | 25,293 | $7M | 0.3% | 2026-Q2 |
| NORDEN GROUP LLC trimmed | 25,185 | $7M | 0.3% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 25,020 | $7M | 0.3% | 2026-Q2 |
| Private Advisor Group, LLC trimmed | 24,654 | $7M | 0.3% | 2026-Q2 |
| Proactive Wealth Strategies LLC trimmed | 24,640 | $7M | 0.3% | 2026-Q2 |
| Regal Investment Advisors LLC trimmed | 24,265 | $6M | 0.3% | 2026-Q2 |
| Creative Planning trimmed | 24,216 | $6M | 0.3% | 2026-Q2 |
| MONEY CONCEPTS CAPITAL CORP trimmed | 24,153 | $6M | 0.3% | 2026-Q2 |
| Arkadios Wealth Advisors trimmed | 23,585 | $6M | 0.3% | 2026-Q2 |
| NTV Asset Management LLC trimmed | 23,476 | $6M | 0.3% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 23,003 | $6M | 0.3% | 2026-Q2 |
| Somerset Trust Co trimmed | 22,645 | $6M | 0.3% | 2026-Q2 |
| Plus Group Wealth Advisors LLC trimmed | 22,379 | $6M | 0.3% | 2026-Q2 |
| World Investment Advisors trimmed | 22,096 | $5M | 0.2% | 2026-Q2 |
| VAQUERO PRIVATE WEALTH, LTD new | 21,514 | $6M | 0.3% | 2026-Q2 |
| FIRST TRUST ADVISORS LP trimmed | 21,320 | $6M | 0.3% | 2026-Q2 |
| GTS SECURITIES LLC trimmed | 20,276 | $5M | 0.3% | 2026-Q2 |
| MeadowBrook Investment Advisors LLC trimmed | 19,874 | $5M | 0.3% | 2026-Q2 |
| STEPHENS INC /AR/ trimmed | 18,424 | $5M | 0.2% | 2026-Q2 |
| Pinnacle Wealth Management Advisory Group, LLC trimmed | 17,420 | $5M | 0.2% | 2026-Q2 |
| Paragon Private Wealth Management, LLC trimmed | 17,414 | $5M | 0.2% | 2026-Q2 |
| KESTRA PRIVATE WEALTH SERVICES, LLC trimmed | 17,407 | $5M | 0.2% | 2026-Q2 |
| Pathstone Holdings, LLC trimmed | 17,364 | $5M | 0.2% | 2026-Q2 |
| Beacon Pointe Advisors, LLC added | 17,309 | $5M | 0.2% | 2026-Q2 |
| NewEdge Advisors, LLC trimmed | 16,404 | $4M | 0.2% | 2026-Q2 |
| Holistic Financial Partners trimmed | 16,325 | $4M | 0.2% | 2026-Q2 |
| Vestmark Advisory Solutions, Inc. added | 15,949 | $4M | 0.2% | 2026-Q2 |
| Prospera Financial Services Inc trimmed | 15,655 | $4M | 0.2% | 2026-Q2 |
| Plotkin Financial Advisors, LLC trimmed | 15,320 | $4M | 0.2% | 2026-Q2 |
| PNC Financial Services Group, Inc. trimmed | 14,070 | $4M | 0.2% | 2026-Q2 |
| EP Wealth Advisors, LLC trimmed | 13,084 | $3M | 0.2% | 2026-Q2 |
| SFI Advisors, LLC trimmed | 12,950 | $3M | 0.2% | 2026-Q2 |
| FMR LLC added | 12,728 | $3M | 0.2% | 2026-Q2 |
| Gateway Wealth Partners, LLC trimmed | 12,679 | $3M | 0.2% | 2026-Q2 |
| Modern Wealth Management, LLC added | 12,246 | $3M | 0.2% | 2026-Q2 |
| TOTH FINANCIAL ADVISORY CORP added | 12,171 | $3M | 0.2% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 12,129 | $3M | 0.2% | 2026-Q2 |
| IFG Advisory, LLC added | 12,104 | $3M | 0.2% | 2026-Q2 |
| RFG Advisory, LLC added | 12,063 | $3M | 0.2% | 2026-Q2 |
| Kingsview Wealth Management, LLC added | 11,618 | $3M | 0.1% | 2026-Q2 |
| AE Wealth Management LLC trimmed | 11,423 | $3M | 0.1% | 2026-Q2 |
| Tower Research Capital LLC (TRC) added | 11,090 | $3M | 0.1% | 2026-Q2 |
| Somerset Group LLC added | 11,040 | $3M | 0.1% | 2026-Q2 |
| IFP Advisors, Inc trimmed | 10,877 | $3M | 0.1% | 2026-Q2 |
| WealthBridge Capital Management, LLC trimmed | 10,705 | $3M | 0.1% | 2026-Q2 |
| Novak & Powell Financial Services, Inc. trimmed | 10,546 | $3M | 0.1% | 2026-Q2 |
| Concurrent Investment Advisors, LLC trimmed | 10,526 | $3M | 0.1% | 2026-Q2 |
| TWIN PEAKS WEALTH ADVISORS, LLC trimmed | 10,463 | $3M | 0.1% | 2026-Q2 |
| Cresset Asset Management, LLC trimmed | 10,348 | $3M | 0.1% | 2026-Q2 |
| Summit Financial, LLC trimmed | 10,129 | $3M | 0.1% | 2026-Q2 |
| Wealthfront Advisers LLC added | 9,877 | $3M | 0.1% | 2026-Q2 |
| Concentrum Wealth Management added | 9,847 | $3M | 0.1% | 2026-Q2 |
| Mariner, LLC trimmed | 9,847 | $3M | 0.1% | 2026-Q2 |
| Snowden Capital Advisors LLC added | 9,797 | $3M | 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.