Who owns FHLC
Which tracked institutional funds hold FHLC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FHLC company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-19). 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 FHLC is one-sided between 2026-Q1 and 2026-Q2: 79 added or opened and 24 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
FHLC’s largest tracked holder by dollar value, CHARLES SCHWAB INVESTMENT MANAGEMENT INC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.0pp gap the other way — the median holder sizes FHLC more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in FHLC 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 368 tracked filers holding FHLC, 187 increased or opened the position and 152 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 FHLC 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 9
- TTP Investments, Inc.$18M
- Heirloom Wealth Management$16M
- Gimbal Financial$14M
- Richmond Brothers, Inc.$3M
- J.W. COLE ADVISORS, INC.$2M
- Maxele Advisors, LLC$2M
Full exits 12
- Cambridge Investment Research Advisors, Inc.$9M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$5M
- Janney Montgomery Scott LLC$4M
- Integrated Wealth Concepts LLC$2M
- FLOW TRADERS U.S. LLC$2M
- CX Institutional$2M
Largest adds
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC$33M
- ENVESTNET ASSET MANAGEMENT INC$21M
- HighMark Wealth Management LLC$20M
- AE Wealth Management LLC$18M
- Lido Advisors, LLC$10M
- MORGAN STANLEY$8M
Largest trims
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$5M
- Eley Financial Management, Inc$4M
- Apollon Wealth Management, LLC$3M
- OneDigital Investment Advisors LLC$2M
- McGlone Suttner Wealth Management, Inc.$1M
- Sigma Planning Corp$855K
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 |
|---|---|---|---|---|
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 3,005,747 | $232M | 17.0% | 2026-Q2 |
| Lido Advisors, LLC trimmed | 2,091,112 | $162M | 11.8% | 2026-Q2 |
| AE Wealth Management LLC added | 1,487,576 | $115M | 8.4% | 2026-Q2 |
| AGF MANAGEMENT LTD added | 953,891 | $74M | 5.4% | 2026-Q2 |
| LPL Financial LLC trimmed | 882,513 | $68M | 5.0% | 2026-Q2 |
| MORGAN STANLEY added | 580,998 | $45M | 3.3% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 569,997 | $44M | 3.2% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 392,229 | $30M | 2.2% | 2026-Q2 |
| WEATHERLY ASSET MANAGEMENT L. P. added | 313,281 | $24M | 1.8% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 283,047 | $22M | 1.6% | 2026-Q2 |
| Cetera Investment Advisers added | 270,393 | $21M | 1.5% | 2026-Q2 |
| Kestra Advisory Services, LLC trimmed | 269,400 | $21M | 1.5% | 2026-Q2 |
| HighMark Wealth Management LLC added | 254,403 | $20M | 1.4% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 247,424 | $19M | 1.4% | 2026-Q2 |
| ALTFEST L J & CO INC added | 232,582 | $18M | 1.3% | 2026-Q2 |
| TTP Investments, Inc. new | 230,921 | $18M | 1.3% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 218,427 | $17M | 1.2% | 2026-Q2 |
| Investors Research Corp trimmed | 216,139 | $17M | 1.2% | 2026-Q2 |
| Heirloom Wealth Management new | 212,893 | $16M | 1.2% | 2026-Q2 |
| Marotta Asset Management added | 204,237 | $16M | 1.2% | 2026-Q2 |
| Buttonwood Financial Advisors Inc. trimmed | 200,861 | $16M | 1.1% | 2026-Q2 |
| Aprio Wealth Management, LLC added | 186,731 | $14M | 1.1% | 2026-Q2 |
| Gimbal Financial new | 184,965 | $14M | 1.0% | 2026-Q2 |
| ASSETMARK, INC added | 178,834 | $14M | 1.0% | 2026-Q2 |
| Fischer Financial Services, Inc. added | 174,197 | $13M | 1.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 170,970 | $13M | 1.0% | 2026-Q2 |
| Strengthening Families & Communities, LLC added | 159,326 | $12M | 0.9% | 2026-Q2 |
| Apollon Wealth Management, LLC trimmed | 153,172 | $12M | 0.9% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 113,826 | $9M | 0.6% | 2026-Q2 |
| FMR LLC added | 113,518 | $9M | 0.6% | 2026-Q2 |
| Modern Wealth Management, LLC added | 113,358 | $9M | 0.6% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 107,226 | $8M | 0.6% | 2026-Q2 |
| SPINNAKER TRUST added | 104,144 | $8M | 0.6% | 2026-Q2 |
| Yoder Wealth Management, Inc. added | 102,134 | $8M | 0.6% | 2026-Q2 |
| RWA WEALTH PARTNERS, LLC trimmed | 100,771 | $8M | 0.6% | 2026-Q2 |
| NewEdge Advisors, LLC added | 100,270 | $8M | 0.6% | 2026-Q2 |
| CITIGROUP INC added | 98,234 | $8M | 0.6% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 96,473 | $7M | 0.5% | 2026-Q2 |
| Lifeworks Advisors, LLC added | 95,707 | $7M | 0.5% | 2026-Q2 |
| Larson Financial Group LLC added | 94,065 | $7M | 0.5% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 92,157 | $7M | 0.5% | 2026-Q2 |
| Traynor Capital Management, Inc. trimmed | 79,857 | $6M | 0.5% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 74,825 | $6M | 0.4% | 2026-Q2 |
| Bank of New York Mellon Corp added | 73,413 | $6M | 0.4% | 2026-Q2 |
| Financial Partners Group, Inc trimmed | 72,729 | $6M | 0.4% | 2026-Q2 |
| NorthCoast Asset Management LLC added | 69,760 | $5M | 0.4% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 62,324 | $5M | 0.4% | 2026-Q2 |
| Maltin Wealth Management, Inc. added | 61,848 | $5M | 0.3% | 2026-Q2 |
| UBS Group AG added | 57,648 | $4M | 0.3% | 2026-Q2 |
| Barry Investment Advisors, LLC trimmed | 55,280 | $4M | 0.3% | 2026-Q2 |
| McGlone Suttner Wealth Management, Inc. trimmed | 53,633 | $4M | 0.3% | 2026-Q2 |
| Valmark Advisers, Inc. trimmed | 52,750 | $4M | 0.3% | 2026-Q2 |
| Equitable Holdings, Inc. added | 51,615 | $4M | 0.3% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 46,932 | $4M | 0.3% | 2026-Q2 |
| PRINCIPAL SECURITIES, INC. added | 44,399 | $3M | 0.3% | 2026-Q2 |
| Smith Salley Wealth Management trimmed | 43,256 | $3M | 0.2% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 42,969 | $3M | 0.2% | 2026-Q2 |
| ATLAS CAPITAL ADVISORS INC. | 41,178 | $3M | 0.2% | 2026-Q2 |
| Creative Planning added | 40,786 | $3M | 0.2% | 2026-Q2 |
| MAI Capital Management trimmed | 39,098 | $3M | 0.2% | 2026-Q2 |
| LYNCH & ASSOCIATES/IN added | 38,211 | $3M | 0.2% | 2026-Q2 |
| Beckerman Institutional, LLC added | 35,930 | $3M | 0.2% | 2026-Q2 |
| Sigma Planning Corp trimmed | 35,883 | $3M | 0.2% | 2026-Q2 |
| Richmond Brothers, Inc. new | 34,305 | $3M | 0.2% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. added | 32,475 | $3M | 0.2% | 2026-Q2 |
| Snowden Capital Advisors LLC trimmed | 32,296 | $2M | 0.2% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 31,050 | $2M | 0.2% | 2026-Q2 |
| Mariner, LLC added | 30,971 | $2M | 0.2% | 2026-Q2 |
| Armor Investment Advisors, LLC trimmed | 30,591 | $2M | 0.2% | 2026-Q2 |
| Heck Capital Advisors, LLC trimmed | 30,368 | $2M | 0.2% | 2026-Q2 |
| ROCKLAND TRUST CO trimmed | 29,377 | $2M | 0.2% | 2026-Q2 |
| Aspetuck Financial Management LLC added | 28,871 | $2M | 0.2% | 2026-Q2 |
| Ameritas Advisory Services, LLC added | 26,744 | $2M | 0.2% | 2026-Q2 |
| STOCK YARDS BANK & TRUST CO added | 25,986 | $2M | 0.1% | 2026-Q2 |
| KDK Private Wealth Management, LLC trimmed | 25,948 | $2M | 0.1% | 2026-Q2 |
| Jacobs Equity LLC added | 25,775 | $2M | 0.1% | 2026-Q2 |
| Transamerica Financial Advisors, LLC added | 25,754 | $2M | 0.1% | 2026-Q2 |
| KESTRA PRIVATE WEALTH SERVICES, LLC added | 25,409 | $2M | 0.1% | 2026-Q2 |
| Advisory Services Network, LLC added | 24,827 | $2M | 0.1% | 2026-Q2 |
| Beaumont Financial Advisors, LLC trimmed | 24,686 | $2M | 0.1% | 2026-Q2 |
| Roxbury Financial LLC trimmed | 24,541 | $2M | 0.1% | 2026-Q2 |
| Meridian Wealth Management, LLC added | 23,197 | $2M | 0.1% | 2026-Q2 |
| Fifth Third Securities, Inc. trimmed | 22,509 | $2M | 0.1% | 2026-Q2 |
| Arax Advisory Partners added | 22,451 | $2M | 0.1% | 2026-Q2 |
| J.W. COLE ADVISORS, INC. trimmed | 22,402 | $2M | 0.1% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 21,848 | $2M | 0.1% | 2026-Q2 |
| Maxele Advisors, LLC trimmed | 21,567 | $2M | 0.1% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 21,068 | $2M | 0.1% | 2026-Q2 |
| Summit Financial, LLC trimmed | 21,065 | $2M | 0.1% | 2026-Q2 |
| Atlas Brown,Inc. trimmed | 19,589 | $2M | 0.1% | 2026-Q2 |
| Prospect Financial Services LLC trimmed | 18,767 | $1M | 0.1% | 2026-Q2 |
| Atria Investments, Inc added | 18,610 | $1M | 0.1% | 2026-Q2 |
| AMERICAN NATIONAL BANK & TRUST added | 17,267 | $1M | 0.1% | 2026-Q2 |
| Orion Porfolio Solutions, LLC added | 17,088 | $1M | 0.1% | 2026-Q2 |
| PARTNERS WEALTH MANAGEMENT, LLC trimmed | 13,935 | $1M | 0.1% | 2026-Q2 |
| Elevated Capital Advisors, LLC trimmed | 13,590 | $1M | 0.1% | 2026-Q2 |
| Envestnet Portfolio Solutions, Inc. added | 13,189 | $1M | 0.1% | 2026-Q2 |
| High Point Wealth Management, LLC added | 13,049 | $1M | 0.1% | 2026-Q2 |
| Focus Partners Wealth added | 12,915 | $998K | 0.1% | 2026-Q2 |
| Certified Advisory Corp added | 12,906 | $997K | 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.