Who owns FMF
Which tracked institutional funds hold FMF, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FMF company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-15). 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 FMF is one-sided between 2025-Q4 and 2026-Q1: 19 added or opened and 4 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
FMF’s largest tracked holder by dollar value, LPL Financial LLC, 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 FMF more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in FMF 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 83 tracked filers holding FMF, 55 increased or opened the position and 39 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 FMF 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 1
- JANE STREET GROUP, LLC$767K
Full exits 2
- Coppell Advisory Solutions LLC$10M
- Kestra Advisory Services, LLC$553K
Largest adds
- MORGAN STANLEY$7M
- LPL Financial LLC$6M
- ALM First Financial Advisors, LLC$4M
- FIRST TRUST ADVISORS LP$3M
- Cetera Investment Advisers$3M
- Gateway Wealth Partners, LLC$2M
Largest trims
- RAYMOND JAMES FINANCIAL INC$351K
- Triad Wealth Partners, LLC$311K
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 |
|---|---|---|---|---|
| LPL Financial LLC added | 585,199 | $30M | 13.0% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 472,281 | $24M | 10.5% | 2026-Q1 |
| Cetera Investment Advisers added | 356,838 | $18M | 7.9% | 2026-Q1 |
| ALM First Financial Advisors, LLC added | 312,052 | $16M | 6.9% | 2026-Q1 |
| TCP Asset Management, LLC added | 216,985 | $11M | 4.8% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 208,142 | $11M | 4.6% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 202,365 | $10M | 4.5% | 2026-Q1 |
| ASSETMARK, INC added | 187,574 | $9M | 4.2% | 2026-Q1 |
| MORGAN STANLEY added | 177,412 | $9M | 3.9% | 2026-Q1 |
| BENJAMIN EDWARDS INC added | 122,550 | $6M | 2.7% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 111,290 | $6M | 2.5% | 2026-Q1 |
| Gateway Wealth Partners, LLC added | 84,933 | $4M | 1.9% | 2026-Q1 |
| RFG Advisory, LLC added | 78,413 | $4M | 1.7% | 2026-Q1 |
| Center For Asset Management LLC added | 75,198 | $4M | 1.7% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 74,527 | $4M | 1.7% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 64,681 | $3M | 1.4% | 2026-Q1 |
| IFP Advisors, Inc added | 60,076 | $3M | 1.3% | 2026-Q1 |
| Orion Porfolio Solutions, LLC added | 54,889 | $3M | 1.2% | 2026-Q1 |
| CreativeOne Wealth, LLC added | 37,397 | $2M | 0.8% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 36,790 | $2M | 0.8% | 2026-Q1 |
| AE Wealth Management LLC added | 36,611 | $2M | 0.8% | 2026-Q1 |
| Simplicity Wealth,LLC added | 34,955 | $2M | 0.8% | 2026-Q1 |
| Concurrent Investment Advisors, LLC trimmed | 34,025 | $2M | 0.8% | 2026-Q1 |
| Beta Wealth Group, Inc. trimmed | 27,948 | $1M | 0.6% | 2026-Q1 |
| Twelve Points Wealth Management LLC added | 27,521 | $1M | 0.6% | 2026-Q1 |
| PARK AVENUE SECURITIES LLC added | 25,265 | $1M | 0.6% | 2026-Q1 |
| NewEdge Wealth, LLC added | 23,031 | $1M | 0.5% | 2026-Q1 |
| GeoWealth Management, LLC added | 21,378 | $1M | 0.5% | 2026-Q1 |
| Fermata Advisors, LLC added | 19,241 | $974K | 0.4% | 2026-Q1 |
| IAMS WEALTH MANAGEMENT, LLC trimmed | 17,997 | $911K | 0.4% | 2026-Q1 |
| Atria Investments, Inc trimmed | 15,790 | $799K | 0.4% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 15,146 | $767K | 0.3% | 2026-Q1 |
| HBW ADVISORY SERVICES LLC added | 14,746 | $746K | 0.3% | 2026-Q1 |
| Snowden Capital Advisors LLC added | 14,719 | $745K | 0.3% | 2026-Q1 |
| World Investment Advisors trimmed | 14,102 | $714K | 0.3% | 2026-Q1 |
| LaSalle St. Investment Advisors, LLC trimmed | 13,624 | $690K | 0.3% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 13,464 | $682K | 0.3% | 2026-Q1 |
| Pinnacle Family Advisors, LLC added | 12,562 | $636K | 0.3% | 2026-Q1 |
| FSB PREMIER WEALTH MANAGEMENT, INC. added | 12,445 | $630K | 0.3% | 2026-Q1 |
| Envestnet Portfolio Solutions, Inc. added | 11,719 | $593K | 0.3% | 2026-Q1 |
| Balboa Wealth Partners added | 11,198 | $567K | 0.2% | 2026-Q1 |
| Richmond Investment Services, LLC trimmed | 9,298 | $471K | 0.2% | 2026-Q1 |
| BlueChip Wealth Advisors LLC added | 8,430 | $427K | 0.2% | 2026-Q1 |
| Apollon Wealth Management, LLC trimmed | 8,028 | $406K | 0.2% | 2026-Q1 |
| First Heartland Consultants, Inc. added | 7,702 | $390K | 0.2% | 2026-Q1 |
| NOVEM GROUP new | 7,622 | $386K | 0.2% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. added | 7,453 | $377K | 0.2% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 7,238 | $366K | 0.2% | 2026-Q1 |
| PRIVATE CLIENT SERVICES, LLC added | 6,078 | $308K | 0.1% | 2026-Q1 |
| Asset Allocation Strategies LLC added | 5,803 | $294K | 0.1% | 2026-Q1 |
| Signal Advisors Wealth, LLC trimmed | 5,468 | $277K | 0.1% | 2026-Q1 |
| Trajan Wealth LLC trimmed | 5,435 | $275K | 0.1% | 2026-Q1 |
| OneAscent Financial Services LLC added | 5,160 | $261K | 0.1% | 2026-Q1 |
| Pacific Excel Wealth Advisors, Inc. new | 4,876 | $247K | 0.1% | 2026-Q1 |
| MARIPAU WEALTH MANAGEMENT LLC trimmed | 4,770 | $241K | 0.1% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 4,749 | $240K | 0.1% | 2026-Q1 |
| Triad Wealth Partners, LLC trimmed | 4,656 | $236K | 0.1% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC trimmed | 4,566 | $231K | 0.1% | 2026-Q1 |
| Rossby Financial, LCC added | 4,476 | $227K | 0.1% | 2026-Q1 |
| Holistic Financial Partners added | 4,479 | $227K | 0.1% | 2026-Q1 |
| PFG Advisors trimmed | 4,074 | $206K | 0.1% | 2026-Q1 |
| D.A. DAVIDSON & CO. trimmed | 4,000 | $202K | 0.1% | 2026-Q1 |
| ROTHSCHILD INVESTMENT LLC trimmed | 3,300 | $167K | 0.1% | 2026-Q1 |
| Synergy Investment Management, LLC trimmed | 3,192 | $162K | 0.1% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 2,460 | $124K | 0.1% | 2026-Q1 |
| Ascentis Independent Advisors new | 2,389 | $121K | 0.1% | 2026-Q1 |
| CoreCap Advisors, LLC added | 1,916 | $97K | 0.0% | 2026-Q1 |
| Advisory Services Network, LLC | 1,325 | $67K | 0.0% | 2026-Q1 |
| Parallel Advisors, LLC added | 1,051 | $53K | 0.0% | 2026-Q1 |
| Cullen/Frost Bankers, Inc. added | 850 | $43K | 0.0% | 2026-Q1 |
| My Portfolio Guide, LLC new | 740 | $37K | 0.0% | 2026-Q1 |
| Sound Income Strategies, LLC | 533 | $27K | 0.0% | 2026-Q1 |
| Spire Wealth Management added | 495 | $25K | 0.0% | 2026-Q1 |
| Signature Equity Partners, LLC added | 488 | $25K | 0.0% | 2026-Q1 |
| MCGUIRE CAPITAL ADVISORS INC | 249 | $13K | 0.0% | 2026-Q1 |
| Quest 10 Wealth Builders, Inc. trimmed | 219 | $11K | 0.0% | 2026-Q1 |
| GILPIN WEALTH MANAGEMENT, LLC new | 216 | $11K | 0.0% | 2026-Q1 |
| Coppell Advisory Solutions LLC added | 217,933 | $10M | 4.5% | 2025-Q4 stale |
| AVANTAX ADVISORY SERVICES, INC. trimmed | 62,143 | $3M | 1.2% | 2025-Q2 stale |
| Orion Portfolio Solutions, LLC trimmed | 50,825 | $2M | 1.0% | 2025-Q1 stale |
| Atria Wealth Solutions, Inc. trimmed | 20,016 | $923K | 0.4% | 2025-Q1 stale |
| Kestra Advisory Services, LLC added | 11,752 | $553K | 0.2% | 2025-Q4 stale |
| Petix & Botte Co | 10,550 | $514K | 0.2% | 2025-Q3 stale |
| Professional Financial Advisors, LLC trimmed | 10,296 | $484K | 0.2% | 2025-Q4 stale |
| Sigma Planning Corp added | 9,666 | $471K | 0.2% | 2025-Q3 stale |
| Hilltop Holdings Inc. added | 9,962 | $469K | 0.2% | 2025-Q4 stale |
| TFB Advisors LLC added | 8,994 | $423K | 0.2% | 2025-Q4 stale |
| TRUIST FINANCIAL CORP trimmed | 8,545 | $402K | 0.2% | 2025-Q4 stale |
| Virtue Capital Management, LLC added | 8,668 | $401K | 0.2% | 2025-Q1 stale |
| Traction Financial Partners, LLC new | 5,544 | $251K | 0.1% | 2025-Q2 stale |
| WBI INVESTMENTS, LLC trimmed | 5,319 | $250K | 0.1% | 2025-Q4 stale |
| Global Retirement Partners, LLC trimmed | 4,948 | $233K | 0.1% | 2025-Q4 stale |
| Omnitrust Wealth Management, Inc new | 4,371 | $206K | 0.1% | 2025-Q4 stale |
| SILVER OAK SECURITIES, INCORPORATED new | 3,918 | $184K | 0.1% | 2025-Q4 stale |
| TUCKER ASSET MANAGEMENT LLC added | 3,887 | $183K | 0.1% | 2025-Q4 stale |
| PRINCIPAL SECURITIES, INC. added | 2,863 | $139K | 0.1% | 2025-Q3 stale |
| GAMMA Investing LLC added | 1,476 | $32K | 0.0% | 2025-Q1 stale |
| Lord & Richards Wealth Management, LLC new | 670 | $31K | 0.0% | 2025-Q1 stale |
| US BANCORP \DE\ added | 543 | $25K | 0.0% | 2025-Q2 stale |
| Luminist Capital LLC | 387 | $18K | 0.0% | 2025-Q4 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.