Who owns FNCL
Which tracked institutional funds hold FNCL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FNCL company fundamentals →
Ownership as of the 2026-Q1 13F filings. 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
16 tracked funds added or opened FNCL while 44 trimmed or exited it between 2025-Q4 and 2026-Q1 — 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
FNCL’s largest tracked holder by dollar value, Lido Advisors, LLC, sizes it at 0.7% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.7pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in FNCL 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 251 tracked filers holding FNCL, 113 increased or opened the position and 121 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 FNCL 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 3
- TWO SIGMA INVESTMENTS, LP$10M
- Heck Capital Advisors, LLC$1M
- CITADEL ADVISORS LLC$1M
Full exits 7
- PERSONAL CFO SOLUTIONS, LLC$9M
- Algorithmic Investment Models, LLC$5M
- Aspire Capital Advisors LLC$4M
- Maxele Advisors, LLC$2M
- GREAT VALLEY ADVISOR GROUP, INC.$1M
- AXXCESS WEALTH MANAGEMENT, LLC$757K
Largest adds
- GOLDMAN SACHS GROUP INC$5M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$4M
- ROYAL BANK OF CANADA$4M
- Merit Financial Group, LLC$2M
- Tower Research Capital LLC (TRC)$1M
- Kestra Advisory Services, LLC$939K
Largest trims
- Lido Advisors, LLC$19M
- NorthCoast Asset Management LLC$12M
- COMMONWEALTH EQUITY SERVICES, LLC$10M
- ENVESTNET ASSET MANAGEMENT INC$9M
- OSAIC HOLDINGS, INC.$8M
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC$7M
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 |
|---|---|---|---|---|
| Lido Advisors, LLC trimmed | 2,670,135 | $187M | 20.7% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 1,990,920 | $140M | 15.4% | 2026-Q1 |
| AGF MANAGEMENT LTD added | 867,448 | $61M | 6.7% | 2026-Q1 |
| MORGAN STANLEY added | 383,389 | $27M | 3.0% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 376,167 | $26M | 2.9% | 2026-Q1 |
| LPL Financial LLC added | 353,635 | $25M | 2.7% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 351,251 | $25M | 2.7% | 2026-Q1 |
| SAVA PENZISKO DRUSHTVO A.D. SKOPJE | 341,872 | $24M | 2.6% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV added | 251,557 | $18M | 1.9% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 242,191 | $17M | 1.9% | 2026-Q1 |
| Strategic Point Investment Advisors, LLC added | 218,273 | $15M | 1.7% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 176,888 | $12M | 1.4% | 2026-Q1 |
| Independence Financial Advisors, LLC added | 162,602 | $11M | 1.3% | 2026-Q1 |
| Procyon Advisors, LLC added | 155,754 | $11M | 1.2% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 149,000 | $10M | 1.2% | 2026-Q1 |
| Fischer Financial Services, Inc. trimmed | 140,049 | $10M | 1.1% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 133,667 | $9M | 1.0% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 123,604 | $9M | 1.0% | 2026-Q1 |
| AE Wealth Management LLC added | 123,533 | $9M | 1.0% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 117,867 | $8M | 0.9% | 2026-Q1 |
| Thrivent Financial for Lutherans added | 110,062 | $8M | 0.9% | 2026-Q1 |
| FMR LLC added | 98,516 | $7M | 0.8% | 2026-Q1 |
| Yoder Wealth Management, Inc. added | 93,649 | $7M | 0.7% | 2026-Q1 |
| Modern Wealth Management, LLC trimmed | 91,988 | $6M | 0.7% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 86,277 | $6M | 0.7% | 2026-Q1 |
| CITIGROUP INC added | 82,164 | $6M | 0.6% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 81,745 | $6M | 0.6% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 79,882 | $6M | 0.6% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 66,916 | $5M | 0.5% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 66,246 | $5M | 0.5% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 65,746 | $5M | 0.5% | 2026-Q1 |
| Smith Salley Wealth Management added | 60,305 | $4M | 0.5% | 2026-Q1 |
| Maltin Wealth Management, Inc. trimmed | 53,263 | $4M | 0.4% | 2026-Q1 |
| Summit Financial, LLC added | 50,849 | $4M | 0.4% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 49,806 | $3M | 0.4% | 2026-Q1 |
| Mariner, LLC trimmed | 48,199 | $3M | 0.4% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 41,133 | $3M | 0.3% | 2026-Q1 |
| Buska Wealth Management, LLC trimmed | 40,712 | $3M | 0.3% | 2026-Q1 |
| NorthCoast Asset Management LLC trimmed | 40,160 | $3M | 0.3% | 2026-Q1 |
| Robertson Stephens Wealth Management, LLC trimmed | 38,290 | $3M | 0.3% | 2026-Q1 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC added | 37,955 | $3M | 0.3% | 2026-Q1 |
| CWM, LLC added | 37,388 | $3M | 0.3% | 2026-Q1 |
| LYNCH & ASSOCIATES/IN added | 37,303 | $3M | 0.3% | 2026-Q1 |
| Cetera Investment Advisers added | 34,664 | $2M | 0.3% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 31,361 | $2M | 0.2% | 2026-Q1 |
| Merit Financial Group, LLC added | 30,479 | $2M | 0.2% | 2026-Q1 |
| KESTRA PRIVATE WEALTH SERVICES, LLC trimmed | 30,366 | $2M | 0.2% | 2026-Q1 |
| Harbor Asset Planning, Inc. added | 30,253 | $2M | 0.2% | 2026-Q1 |
| Lifeworks Advisors, LLC added | 29,023 | $2M | 0.2% | 2026-Q1 |
| Jacobs Equity LLC added | 27,968 | $2M | 0.2% | 2026-Q1 |
| EP Wealth Advisors, LLC trimmed | 26,823 | $2M | 0.2% | 2026-Q1 |
| Snowden Capital Advisors LLC trimmed | 26,347 | $2M | 0.2% | 2026-Q1 |
| Ameritas Advisory Services, LLC trimmed | 25,869 | $2M | 0.2% | 2026-Q1 |
| Tower Research Capital LLC (TRC) added | 25,836 | $2M | 0.2% | 2026-Q1 |
| UBS Group AG trimmed | 24,846 | $2M | 0.2% | 2026-Q1 |
| KDK Private Wealth Management, LLC trimmed | 24,302 | $2M | 0.2% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 21,515 | $1M | 0.2% | 2026-Q1 |
| PFG Advisors added | 20,493 | $1M | 0.2% | 2026-Q1 |
| Quantinno Capital Management LP added | 20,170 | $1M | 0.2% | 2026-Q1 |
| Fisher Asset Management, LLC added | 19,624 | $1M | 0.2% | 2026-Q1 |
| Heck Capital Advisors, LLC trimmed | 19,516 | $1M | 0.2% | 2026-Q1 |
| Retirement Planning Group, LLC | 18,055 | $1M | 0.1% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 18,021 | $1M | 0.1% | 2026-Q1 |
| Meridian Wealth Management, LLC trimmed | 17,615 | $1M | 0.1% | 2026-Q1 |
| Creative Planning added | 16,280 | $1M | 0.1% | 2026-Q1 |
| ATLAS CAPITAL ADVISORS INC. added | 15,723 | $1M | 0.1% | 2026-Q1 |
| Traynor Capital Management, Inc. added | 14,965 | $1M | 0.1% | 2026-Q1 |
| AMERICAN NATIONAL BANK & TRUST added | 14,579 | $1M | 0.1% | 2026-Q1 |
| ACORN FINANCIAL ADVISORY SERVICES INC /ADV added | 14,514 | $1M | 0.1% | 2026-Q1 |
| Birchcreek Wealth Management, LLC added | 14,314 | $1M | 0.1% | 2026-Q1 |
| Sigma Planning Corp trimmed | 14,209 | $997K | 0.1% | 2026-Q1 |
| Orion Porfolio Solutions, LLC trimmed | 14,208 | $997K | 0.1% | 2026-Q1 |
| Aspetuck Financial Management LLC trimmed | 13,329 | $936K | 0.1% | 2026-Q1 |
| Nova Wealth Management, Inc. trimmed | 12,775 | $897K | 0.1% | 2026-Q1 |
| G2 CAPITAL MANAGEMENT, LLC / OH | 12,479 | $876K | 0.1% | 2026-Q1 |
| Western Wealth Management, LLC added | 12,297 | $863K | 0.1% | 2026-Q1 |
| Sunbelt Securities, Inc. trimmed | 11,964 | $840K | 0.1% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 11,884 | $834K | 0.1% | 2026-Q1 |
| Private Advisor Group, LLC trimmed | 11,852 | $832K | 0.1% | 2026-Q1 |
| CW Advisors, LLC trimmed | 312,278 | $23M | 2.5% | 2025-Q2 stale |
| Full Sail Capital, LLC trimmed | 236,190 | $18M | 2.0% | 2025-Q3 stale |
| Q3 Asset Management trimmed | 151,496 | $11M | 1.2% | 2025-Q1 stale |
| PERSONAL CFO SOLUTIONS, LLC trimmed | 116,387 | $9M | 1.0% | 2025-Q4 stale |
| Algorithmic Investment Models, LLC trimmed | 63,564 | $5M | 0.5% | 2025-Q4 stale |
| Aspire Capital Advisors LLC added | 45,293 | $4M | 0.4% | 2025-Q4 stale |
| BNP PARIBAS FINANCIAL MARKETS added | 50,000 | $3M | 0.4% | 2025-Q1 stale |
| Orion Portfolio Solutions, LLC added | 41,943 | $3M | 0.3% | 2025-Q1 stale |
| Patriot Financial Group Insurance Agency, LLC added | 33,181 | $2M | 0.3% | 2025-Q2 stale |
| VCI Wealth Management LLC added | 32,989 | $2M | 0.3% | 2025-Q2 stale |
| Maxele Advisors, LLC added | 30,567 | $2M | 0.3% | 2025-Q4 stale |
| Exchange Capital Management, Inc. trimmed | 31,955 | $2M | 0.3% | 2025-Q2 stale |
| JANE STREET GROUP, LLC added | 33,721 | $2M | 0.3% | 2025-Q1 stale |
| SMITH SHELLNUT WILSON LLC /ADV trimmed | 29,556 | $2M | 0.2% | 2025-Q3 stale |
| Atria Wealth Solutions, Inc. trimmed | 25,514 | $2M | 0.2% | 2025-Q2 stale |
| Beaumont Financial Advisors, LLC added | 24,803 | $2M | 0.2% | 2025-Q1 stale |
| BRIGHTON JONES LLC new | 18,044 | $1M | 0.2% | 2025-Q3 stale |
| GREAT VALLEY ADVISOR GROUP, INC. trimmed | 17,643 | $1M | 0.2% | 2025-Q4 stale |
| Blue Capital, Inc. added | 14,392 | $1M | 0.1% | 2025-Q2 stale |
| Crossmark Global Holdings, Inc. | 13,125 | $1M | 0.1% | 2025-Q3 stale |
| Rappaport Reiches Capital Management, LLC added | 14,190 | $987K | 0.1% | 2025-Q1 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.