Who owns FESM
Which tracked institutional funds hold FESM, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FESM company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-17). 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 FESM is one-sided between 2026-Q1 and 2026-Q2: 140 added or opened and 18 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
FESM’s largest tracked holder by dollar value, FMR LLC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.6% of theirs — a 0.5pp gap the other way — the median holder sizes FESM more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in FESM 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 245 tracked filers holding FESM, 182 increased or opened the position and 63 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 FESM 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 21
- Waverly Advisors, LLC$46M
- Systelligence, LLC$19M
- TWO SIGMA INVESTMENTS, LP$12M
- Aurdan Capital Management, LLC$11M
- Per Stirling Capital Management, LLC.$7M
- NewEdge Advisors, LLC$5M
Full exits 10
- TruWealth Advisors, LLC$35M
- Capital Analysts, LLC$32M
- Cambridge Investment Research Advisors, Inc.$9M
- KMG FIDUCIARY PARTNERS, LLC$4M
- Independent Advisor Alliance$3M
- Integrated Wealth Concepts LLC$2M
Largest adds
- FMR LLC$184M
- AMERIPRISE FINANCIAL INC$153M
- LPL Financial LLC$104M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$72M
- Cetera Investment Advisers$59M
- MORGAN STANLEY$49M
Largest trims
- Calamos Advisors LLC$38M
- Mariner, LLC$4M
- CROBAN$2M
- D. E. Shaw & Co., Inc.$2M
- Private Advisor Group, LLC$1M
- Canvas Wealth Advisors, LLC$620K
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 |
|---|---|---|---|---|
| FMR LLC trimmed | 24,935,805 | $1.2B | 27.4% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 7,917,913 | $383M | 8.7% | 2026-Q2 |
| LPL Financial LLC added | 6,191,824 | $299M | 6.8% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 4,448,956 | $215M | 4.9% | 2026-Q2 |
| Prime Capital Investment Advisors, LLC trimmed | 2,890,540 | $140M | 3.2% | 2026-Q2 |
| Cetera Investment Advisers added | 2,763,133 | $133M | 3.0% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 2,594,423 | $125M | 2.8% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 2,584,876 | $125M | 2.8% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 2,510,828 | $121M | 2.8% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 2,419,327 | $117M | 2.7% | 2026-Q2 |
| MORGAN STANLEY added | 2,061,259 | $100M | 2.3% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 1,876,054 | $90M | 2.0% | 2026-Q2 |
| Dynasty Wealth Management, LLC trimmed | 1,806,141 | $87M | 2.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 1,749,135 | $84M | 1.9% | 2026-Q2 |
| Quotient Wealth Partners, LLC trimmed | 1,742,429 | $84M | 1.9% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 1,501,451 | $73M | 1.6% | 2026-Q2 |
| VANTAGEPOINT INVESTMENT ADVISERS LLC | 1,404,752 | $68M | 1.5% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 1,331,452 | $64M | 1.5% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 1,246,856 | $60M | 1.4% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 1,194,801 | $58M | 1.3% | 2026-Q2 |
| Calamos Wealth Management LLC added | 1,063,263 | $51M | 1.2% | 2026-Q2 |
| Waverly Advisors, LLC new | 947,267 | $46M | 1.0% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 790,289 | $38M | 0.9% | 2026-Q2 |
| Focus Financial Network, Inc. added | 771,548 | $37M | 0.8% | 2026-Q2 |
| KFG WEALTH MANAGEMENT, LLC added | 451,959 | $22M | 0.5% | 2026-Q2 |
| Systelligence, LLC new | 400,481 | $19M | 0.4% | 2026-Q2 |
| Baird Financial Group, Inc. added | 392,125 | $19M | 0.4% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 383,270 | $19M | 0.4% | 2026-Q2 |
| Parkside Investments, LLC added | 382,383 | $18M | 0.4% | 2026-Q2 |
| Stadion Money Management, LLC trimmed | 370,869 | $18M | 0.4% | 2026-Q2 |
| GREAT VALLEY ADVISOR GROUP, INC. added | 355,647 | $17M | 0.4% | 2026-Q2 |
| LITTLE HOUSE CAPITAL LLC added | 335,887 | $16M | 0.4% | 2026-Q2 |
| HighPoint Advisor Group LLC added | 332,587 | $16M | 0.4% | 2026-Q2 |
| DAHRING | CUSMANO LLC added | 319,007 | $15M | 0.4% | 2026-Q2 |
| Berger Financial Group, Inc added | 318,779 | $15M | 0.3% | 2026-Q2 |
| Summit Investment Advisory Services, LLC trimmed | 309,901 | $15M | 0.3% | 2026-Q2 |
| Mayfair Advisory Group, LLC added | 297,644 | $14M | 0.3% | 2026-Q2 |
| Equitable Holdings, Inc. added | 260,147 | $13M | 0.3% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP new | 242,900 | $12M | 0.3% | 2026-Q2 |
| Ausdal Financial Partners, Inc. added | 241,427 | $12M | 0.3% | 2026-Q2 |
| Aurdan Capital Management, LLC new | 234,665 | $11M | 0.3% | 2026-Q2 |
| UBS Group AG added | 226,814 | $11M | 0.2% | 2026-Q2 |
| Mutual Advisors, LLC added | 223,920 | $11M | 0.2% | 2026-Q2 |
| PETRA FINANCIAL ADVISORS INC added | 214,717 | $10M | 0.2% | 2026-Q2 |
| Landing Point Financial Group, LLC trimmed | 202,070 | $10M | 0.2% | 2026-Q2 |
| Salus Financial Advisors, LLC added | 200,250 | $10M | 0.2% | 2026-Q2 |
| First Heartland Consultants, Inc. added | 196,379 | $10M | 0.2% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 192,503 | $9M | 0.2% | 2026-Q2 |
| Modus Advisors, LLC added | 176,654 | $9M | 0.2% | 2026-Q2 |
| TD PRIVATE CLIENT WEALTH LLC added | 175,450 | $8M | 0.2% | 2026-Q2 |
| Milestone Investment Advisors LLC added | 169,703 | $8M | 0.2% | 2026-Q2 |
| Bank of New York Mellon Corp added | 164,278 | $8M | 0.2% | 2026-Q2 |
| RIVERSEDGE ADVISORS, LLC trimmed | 159,597 | $8M | 0.2% | 2026-Q2 |
| American National Bank of Texas trimmed | 154,613 | $7M | 0.2% | 2026-Q2 |
| RETIREMENT INCOME SOLUTIONS, INC | 150,039 | $6M | 0.1% | 2026-Q2 |
| Per Stirling Capital Management, LLC. added | 142,639 | $7M | 0.2% | 2026-Q2 |
| Holos Integrated Wealth LLC trimmed | 141,895 | $7M | 0.2% | 2026-Q2 |
| Marble Wealth, LLC added | 140,462 | $7M | 0.2% | 2026-Q2 |
| Richard W. Paul & Associates, LLC trimmed | 139,079 | $7M | 0.2% | 2026-Q2 |
| Atria Investments, Inc added | 138,909 | $7M | 0.2% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 134,818 | $6M | 0.1% | 2026-Q2 |
| Merit Financial Group, LLC added | 133,836 | $6M | 0.1% | 2026-Q2 |
| IAG Wealth Partners, LLC added | 132,532 | $6M | 0.1% | 2026-Q2 |
| Armor Investment Advisors, LLC added | 124,642 | $6M | 0.1% | 2026-Q2 |
| tru Independence LLC trimmed | 122,579 | $6M | 0.1% | 2026-Q2 |
| Integrated Capital Management, LLC added | 117,377 | $6M | 0.1% | 2026-Q2 |
| Breakwater Capital Group added | 117,082 | $6M | 0.1% | 2026-Q2 |
| CLG LLC added | 113,400 | $5M | 0.1% | 2026-Q2 |
| LINCOLN CAPITAL CORP added | 109,433 | $5M | 0.1% | 2026-Q2 |
| Carolina Wealth Advisors, LLC trimmed | 109,366 | $5M | 0.1% | 2026-Q2 |
| NewEdge Advisors, LLC added | 107,057 | $5M | 0.1% | 2026-Q2 |
| Founders Financial Alliance, LLC added | 106,996 | $5M | 0.1% | 2026-Q2 |
| Global Retirement Partners, LLC trimmed | 105,564 | $5M | 0.1% | 2026-Q2 |
| INVESTMENT ADVISORY SERVICES INC /TX /ADV added | 102,740 | $5M | 0.1% | 2026-Q2 |
| Concurrent Investment Advisors, LLC trimmed | 101,388 | $5M | 0.1% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 99,018 | $5M | 0.1% | 2026-Q2 |
| &PARTNERS added | 94,578 | $5M | 0.1% | 2026-Q2 |
| Envision Financial LLC new | 94,116 | $5M | 0.1% | 2026-Q2 |
| FMA Wealth Management, LLC trimmed | 86,794 | $4M | 0.1% | 2026-Q2 |
| TABLEAUX LLC added | 81,342 | $4M | 0.1% | 2026-Q2 |
| Gallagher Fiduciary Advisors, LLC added | 78,985 | $4M | 0.1% | 2026-Q2 |
| Clearwave Capital, LLC added | 73,128 | $4M | 0.1% | 2026-Q2 |
| GREENWOOD CAPITAL ASSOCIATES LLC added | 71,733 | $3M | 0.1% | 2026-Q2 |
| Soltis Investment Advisors LLC added | 70,419 | $3M | 0.1% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 69,758 | $3M | 0.1% | 2026-Q2 |
| Eaton Financial Holdings Company, LLC added | 69,171 | $3M | 0.1% | 2026-Q2 |
| Private Advisor Group, LLC trimmed | 68,485 | $3M | 0.1% | 2026-Q2 |
| CROBAN trimmed | 67,283 | $3M | 0.1% | 2026-Q2 |
| Smartleaf Asset Management LLC | 66,996 | $3M | 0.1% | 2026-Q2 |
| PFG Advisors added | 65,110 | $3M | 0.1% | 2026-Q2 |
| KESTRA PRIVATE WEALTH SERVICES, LLC added | 61,590 | $3M | 0.1% | 2026-Q2 |
| Curtis Advisory Group, LLC added | 60,402 | $3M | 0.1% | 2026-Q2 |
| HICKS CAPITAL MANAGEMENT LLC new | 60,222 | $3M | 0.1% | 2026-Q2 |
| Valmark Advisers, Inc. added | 59,900 | $3M | 0.1% | 2026-Q2 |
| Investmark Advisory Group LLC added | 58,160 | $3M | 0.1% | 2026-Q2 |
| InTrack Investment Management Inc added | 56,216 | $3M | 0.1% | 2026-Q2 |
| PKS Advisory Services, LLC trimmed | 55,851 | $3M | 0.1% | 2026-Q2 |
| PENOBSCOT WEALTH MANAGEMENT added | 55,570 | $3M | 0.1% | 2026-Q2 |
| BARNES PETTEY FINANCIAL ADVISORS, LLC added | 53,961 | $3M | 0.1% | 2026-Q2 |
| Farther Finance Advisors, LLC trimmed | 53,796 | $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.