Who owns FEMB
Which tracked institutional funds hold FEMB, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FEMB company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 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 FEMB is one-sided between 2025-Q4 and 2026-Q1: 23 added or opened and 6 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
FEMB’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 FEMB more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in FEMB 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 102 tracked filers holding FEMB, 76 increased or opened the position and 31 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 FEMB 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 8
- Marshall Financial Group, LLC$9M
- Independent Advisor Alliance$7M
- JANE STREET GROUP, LLC$6M
- Avior Wealth Management, LLC$2M
- CITADEL ADVISORS LLC$631K
- Dunhill Financial, LLC$626K
Full exits 3
- Almanack Investment Partners, LLC.$6M
- Pine Valley Investments Ltd Liability Co$1M
- US BANCORP \DE\$577K
Largest adds
- Concurrent Investment Advisors, LLC$7M
- Elequin Capital, LP$7M
- LPL Financial LLC$6M
- OSAIC HOLDINGS, INC.$5M
- RAYMOND JAMES FINANCIAL INC$4M
- Csenge Advisory Group$4M
Largest trims
- Redhawk Wealth Advisors, Inc.$5M
- NewEdge Advisors, LLC$521K
- WELLS FARGO & COMPANY/MN$379K
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 |
|---|---|---|---|---|
| MORGAN STANLEY added | 1,671,389 | $48M | 18.3% | 2026-Q1 |
| LPL Financial LLC added | 1,420,652 | $41M | 15.5% | 2026-Q1 |
| Csenge Advisory Group added | 392,454 | $11M | 4.3% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 333,411 | $10M | 3.6% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 329,240 | $9M | 3.6% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 319,673 | $9M | 3.5% | 2026-Q1 |
| Marshall Financial Group, LLC new | 312,185 | $9M | 3.4% | 2026-Q1 |
| Concurrent Investment Advisors, LLC added | 271,554 | $8M | 3.0% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 251,407 | $7M | 2.8% | 2026-Q1 |
| Seascape Capital Management added | 235,617 | $7M | 2.6% | 2026-Q1 |
| Elequin Capital, LP added | 153,638 | $7M | 2.6% | 2026-Q1 |
| Independent Advisor Alliance added | 229,001 | $7M | 2.5% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 218,122 | $6M | 2.4% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 210,433 | $6M | 2.3% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 191,970 | $6M | 2.1% | 2026-Q1 |
| &PARTNERS added | 143,904 | $4M | 1.6% | 2026-Q1 |
| Euro Pacific Asset Management, LLC trimmed | 114,220 | $3M | 1.3% | 2026-Q1 |
| Cetera Investment Advisers added | 109,529 | $3M | 1.2% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 92,520 | $3M | 1.0% | 2026-Q1 |
| Janney Montgomery Scott LLC trimmed | 87,705 | $3M | 1.0% | 2026-Q1 |
| IAMS WEALTH MANAGEMENT, LLC added | 79,583 | $2M | 0.9% | 2026-Q1 |
| Endowment Wealth Management, Inc. added | 78,913 | $2M | 0.9% | 2026-Q1 |
| Avior Wealth Management, LLC new | 71,216 | $2M | 0.8% | 2026-Q1 |
| NewEdge Advisors, LLC trimmed | 28,949 | $2M | 0.6% | 2026-Q1 |
| Sanctuary Advisors, LLC added | 52,132 | $1M | 0.6% | 2026-Q1 |
| Advisory Services Network, LLC added | 51,763 | $1M | 0.6% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 49,637 | $1M | 0.5% | 2026-Q1 |
| SIGNATURE ESTATE & INVESTMENT ADVISORS LLC added | 48,090 | $1M | 0.5% | 2026-Q1 |
| Walkner Condon Financial Advisors LLC added | 47,453 | $1M | 0.5% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. added | 45,813 | $1M | 0.5% | 2026-Q1 |
| D.A. DAVIDSON & CO. added | 36,975 | $1M | 0.4% | 2026-Q1 |
| Redhawk Wealth Advisors, Inc. trimmed | 33,323 | $958K | 0.4% | 2026-Q1 |
| Prospera Financial Services Inc added | 33,102 | $951K | 0.4% | 2026-Q1 |
| HBW ADVISORY SERVICES LLC added | 30,877 | $887K | 0.3% | 2026-Q1 |
| Vestmark Advisory Solutions, Inc. added | 30,740 | $883K | 0.3% | 2026-Q1 |
| CWM, LLC trimmed | 29,239 | $840K | 0.3% | 2026-Q1 |
| ASSETMARK, INC added | 28,987 | $833K | 0.3% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 28,914 | $831K | 0.3% | 2026-Q1 |
| COTTONWOOD CAPITAL ADVISORS, LLC trimmed | 28,416 | $817K | 0.3% | 2026-Q1 |
| Rareview Capital LLC added | 26,688 | $771K | 0.3% | 2026-Q1 |
| OneDigital Investment Advisors LLC trimmed | 26,160 | $752K | 0.3% | 2026-Q1 |
| Envestnet Portfolio Solutions, Inc. trimmed | 22,135 | $636K | 0.2% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 21,964 | $631K | 0.2% | 2026-Q1 |
| Dunhill Financial, LLC new | 21,794 | $626K | 0.2% | 2026-Q1 |
| EVOKE WEALTH, LLC added | 19,500 | $560K | 0.2% | 2026-Q1 |
| BENJAMIN EDWARDS INC added | 19,475 | $560K | 0.2% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 18,747 | $539K | 0.2% | 2026-Q1 |
| GTS SECURITIES LLC added | 17,634 | $507K | 0.2% | 2026-Q1 |
| OLD MISSION CAPITAL LLC trimmed | 15,000 | $431K | 0.2% | 2026-Q1 |
| Kovack Advisors, Inc. added | 14,683 | $424K | 0.2% | 2026-Q1 |
| PARK AVENUE SECURITIES LLC new | 14,400 | $414K | 0.2% | 2026-Q1 |
| Spire Wealth Management added | 13,697 | $394K | 0.1% | 2026-Q1 |
| Balefire, LLC added | 13,691 | $393K | 0.1% | 2026-Q1 |
| KKM Financial LLC | 11,656 | $347K | 0.1% | 2026-Q1 |
| Wagner Wealth Management, LLC added | 11,716 | $337K | 0.1% | 2026-Q1 |
| BAM Wealth Management, LLC added | 11,370 | $327K | 0.1% | 2026-Q1 |
| FIFTH THIRD BANCORP added | 11,093 | $319K | 0.1% | 2026-Q1 |
| Balboa Wealth Partners added | 10,983 | $316K | 0.1% | 2026-Q1 |
| Realta Investment Advisors added | 10,818 | $311K | 0.1% | 2026-Q1 |
| Rubicon Advisors, GP added | 10,326 | $297K | 0.1% | 2026-Q1 |
| Perigon Wealth Management, LLC added | 9,989 | $287K | 0.1% | 2026-Q1 |
| Arkadios Wealth Advisors added | 9,957 | $286K | 0.1% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 9,930 | $285K | 0.1% | 2026-Q1 |
| Private Advisor Group, LLC added | 9,557 | $275K | 0.1% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 9,301 | $267K | 0.1% | 2026-Q1 |
| Beacon Pointe Advisors, LLC trimmed | 9,166 | $263K | 0.1% | 2026-Q1 |
| Sovran Advisors, LLC new | 8,859 | $260K | 0.1% | 2026-Q1 |
| Wagner Wealth Management, Corp trimmed | 8,549 | $246K | 0.1% | 2026-Q1 |
| Milestones Private Investment Advisors LLC added | 8,011 | $230K | 0.1% | 2026-Q1 |
| OPPENHEIMER & CO INC new | 7,835 | $225K | 0.1% | 2026-Q1 |
| AE Wealth Management LLC trimmed | 7,697 | $221K | 0.1% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 7,592 | $220K | 0.1% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC new | 7,612 | $219K | 0.1% | 2026-Q1 |
| Atria Investments, Inc added | 7,470 | $215K | 0.1% | 2026-Q1 |
| InTrack Investment Management Inc new | 7,333 | $211K | 0.1% | 2026-Q1 |
| Park Square Financial Group, LLC new | 7,123 | $205K | 0.1% | 2026-Q1 |
| Intesa Sanpaolo Wealth Management added | 4,000 | $115K | 0.0% | 2026-Q1 |
| UBS Group AG added | 3,345 | $96K | 0.0% | 2026-Q1 |
| Farther Finance Advisors, LLC new | 2,996 | $87K | 0.0% | 2026-Q1 |
| Arax Advisory Partners trimmed | 2,710 | $78K | 0.0% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ | 2,554 | $73K | 0.0% | 2026-Q1 |
| Capital Investment Advisory Services, LLC added | 2,225 | $64K | 0.0% | 2026-Q1 |
| PRIVATE TRUST CO NA added | 2,159 | $62K | 0.0% | 2026-Q1 |
| Sound Income Strategies, LLC added | 1,519 | $44K | 0.0% | 2026-Q1 |
| Merkkuri Wealth Advisors LLC new | 1,375 | $40K | 0.0% | 2026-Q1 |
| Smartleaf Asset Management LLC added | 1,173 | $33K | 0.0% | 2026-Q1 |
| Almanack Investment Partners, LLC. added | 186,416 | $6M | 2.1% | 2025-Q4 stale |
| Synergy Asset Management, LLC added | 131,971 | $4M | 1.5% | 2025-Q3 stale |
| EWG Elevate Inc. added | 66,694 | $2M | 0.7% | 2025-Q3 stale |
| Virtue Capital Management, LLC new | 68,018 | $2M | 0.7% | 2025-Q1 stale |
| Pine Valley Investments Ltd Liability Co trimmed | 33,973 | $1M | 0.4% | 2025-Q4 stale |
| Visionary Wealth Advisors trimmed | 23,413 | $676K | 0.3% | 2025-Q2 stale |
| US BANCORP \DE\ added | 19,362 | $577K | 0.2% | 2025-Q4 stale |
| KESTRA PRIVATE WEALTH SERVICES, LLC trimmed | 13,573 | $404K | 0.2% | 2025-Q4 stale |
| COMERICA BANK added | 11,608 | $346K | 0.1% | 2025-Q4 stale |
| Riggs Asset Managment Co. Inc. new | 11,173 | $333K | 0.1% | 2025-Q4 stale |
| FLOW TRADERS U.S. LLC | 10,000 | $298K | 0.1% | 2025-Q4 stale |
| Brookwood Investment Group LLC new | 7,907 | $232K | 0.1% | 2025-Q3 stale |
| Ameritas Advisory Services, LLC added | 4,319 | $127K | 0.0% | 2025-Q3 stale |
| PRINCIPAL SECURITIES, INC. trimmed | 1,083 | $32K | 0.0% | 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.