Who owns FNDC (FNDC)
Which tracked institutional funds hold FNDC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FNDC 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
29 tracked funds added or opened FNDC while 20 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
FNDC’s largest tracked holder by dollar value, CHARLES SCHWAB INVESTMENT MANAGEMENT INC, sizes it at 0.2% of its own reported 13F book, while the median holder sizes it at 0.2% of theirs — a 0.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in FNDC 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 292 tracked filers holding FNDC, 108 increased or opened the position and 118 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 FNDC 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 2
- Heirloom Wealth Management$1M
- CIBC Bancorp USA Inc.$607K
Full exits 4
- FLOW TRADERS U.S. LLC$5M
- Keystone Wealth Services, LLC$3M
- Clarius Group, LLC$857K
- CIBC Private Wealth Group LLC$581K
Largest adds
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC$32M
- Nicholas Hoffman & Company, LLC.$4M
- Kelman-Lazarov, Inc.$2M
- Clearstead Advisors, LLC$2M
- MORGAN STANLEY$2M
- GHP Investment Advisors, Inc.$1M
Largest trims
- VICTORY CAPITAL MANAGEMENT INC$9M
- OSAIC HOLDINGS, INC.$9M
- CITADEL ADVISORS LLC$9M
- JANE STREET GROUP, LLC$8M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$5M
- Shore Point Advisors, LLC$3M
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 |
|---|---|---|---|---|
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 28,030,618 | $1.3B | 74.0% | 2026-Q1 |
| MORGAN STANLEY added | 601,979 | $28M | 1.6% | 2026-Q1 |
| GHP Investment Advisors, Inc. added | 600,222 | $28M | 1.6% | 2026-Q1 |
| EXENCIAL WEALTH ADVISORS, LLC trimmed | 556,861 | $26M | 1.5% | 2026-Q1 |
| Focus Partners Wealth added | 504,743 | $23M | 1.3% | 2026-Q1 |
| Kelman-Lazarov, Inc. added | 496,936 | $23M | 1.3% | 2026-Q1 |
| Prairiewood Capital, LLC added | 301,819 | $14M | 0.8% | 2026-Q1 |
| High Probability Advisors, LLC added | 289,799 | $13M | 0.8% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 281,277 | $13M | 0.7% | 2026-Q1 |
| COLLECTIVE FAMILY OFFICE LLC added | 245,840 | $11M | 0.6% | 2026-Q1 |
| Charles Schwab Trust Co added | 228,411 | $11M | 0.6% | 2026-Q1 |
| Opes Wealth Management LLC added | 225,489 | $10M | 0.6% | 2026-Q1 |
| CWM, LLC added | 212,911 | $10M | 0.6% | 2026-Q1 |
| Geneos Wealth Management Inc. trimmed | 203,934 | $9M | 0.5% | 2026-Q1 |
| Cherry Tree Wealth Management, LLC trimmed | 180,312 | $8M | 0.5% | 2026-Q1 |
| UBS Group AG trimmed | 175,564 | $8M | 0.5% | 2026-Q1 |
| Breakwater Capital Group added | 174,455 | $8M | 0.5% | 2026-Q1 |
| Creative Planning added | 163,886 | $8M | 0.4% | 2026-Q1 |
| Bell Investment Advisors, Inc trimmed | 163,451 | $8M | 0.4% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 155,255 | $7M | 0.4% | 2026-Q1 |
| Shore Point Advisors, LLC trimmed | 171,701 | $7M | 0.4% | 2026-Q1 |
| ABBINGTON INVESTMENT GROUP trimmed | 135,009 | $6M | 0.4% | 2026-Q1 |
| Factor Wealth Management LTD trimmed | 119,760 | $6M | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 116,446 | $5M | 0.3% | 2026-Q1 |
| Dynamic Advisor Solutions LLC trimmed | 113,807 | $5M | 0.3% | 2026-Q1 |
| MOLLER WEALTH PARTNERS added | 107,112 | $5M | 0.3% | 2026-Q1 |
| RF&L WEALTH MANAGEMENT, LLC trimmed | 106,308 | $5M | 0.3% | 2026-Q1 |
| MorganRosel Wealth Management, LLC trimmed | 99,552 | $5M | 0.3% | 2026-Q1 |
| Grove Street Fiduciary, LLC trimmed | 99,085 | $5M | 0.3% | 2026-Q1 |
| Nicholas Hoffman & Company, LLC. added | 88,096 | $4M | 0.2% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 83,606 | $4M | 0.2% | 2026-Q1 |
| Modern Wealth Management, LLC trimmed | 81,595 | $4M | 0.2% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 80,410 | $4M | 0.2% | 2026-Q1 |
| Savant Capital, LLC trimmed | 73,276 | $3M | 0.2% | 2026-Q1 |
| ATLas Financial Planning LLC added | 68,395 | $3M | 0.2% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 65,127 | $3M | 0.2% | 2026-Q1 |
| BFI Wealth Solutions, LLC added | 63,103 | $3M | 0.2% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 63,876 | $3M | 0.2% | 2026-Q1 |
| Mariner, LLC added | 63,377 | $3M | 0.2% | 2026-Q1 |
| CABOT WEALTH MANAGEMENT INC added | 63,032 | $3M | 0.2% | 2026-Q1 |
| Bravera Wealth added | 61,565 | $3M | 0.2% | 2026-Q1 |
| CUTLER INVESTMENT COUNSEL LLC added | 59,287 | $3M | 0.2% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 56,941 | $3M | 0.2% | 2026-Q1 |
| Cerity Partners LLC added | 53,724 | $2M | 0.1% | 2026-Q1 |
| Kestra Advisory Services, LLC trimmed | 53,564 | $2M | 0.1% | 2026-Q1 |
| Sterling Financial Planning, Inc. trimmed | 53,136 | $2M | 0.1% | 2026-Q1 |
| LPL Financial LLC added | 52,601 | $2M | 0.1% | 2026-Q1 |
| Valued Wealth Advisors LLC trimmed | 52,443 | $2M | 0.1% | 2026-Q1 |
| Focus Partners Advisor Solutions, LLC trimmed | 50,137 | $2M | 0.1% | 2026-Q1 |
| BCS Wealth Management trimmed | 49,484 | $2M | 0.1% | 2026-Q1 |
| Quadcap Wealth Management, LLC trimmed | 47,637 | $2M | 0.1% | 2026-Q1 |
| McGrath & Associates, Inc. trimmed | 42,039 | $2M | 0.1% | 2026-Q1 |
| Waterfront Wealth Inc. added | 41,954 | $2M | 0.1% | 2026-Q1 |
| Clearstead Advisors, LLC added | 41,486 | $2M | 0.1% | 2026-Q1 |
| Shakespeare Wealth Management, LLC trimmed | 37,912 | $2M | 0.1% | 2026-Q1 |
| Vise Technologies, Inc. | 37,107 | $2M | 0.1% | 2026-Q1 |
| NORTHWEST WEALTH MANAGEMENT, LLC trimmed | 34,687 | $2M | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 34,673 | $2M | 0.1% | 2026-Q1 |
| Asset Allocation Strategies LLC trimmed | 32,843 | $2M | 0.1% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 32,629 | $2M | 0.1% | 2026-Q1 |
| EQ WEALTH ADVISORS, LLC trimmed | 31,704 | $1M | 0.1% | 2026-Q1 |
| Corient Private Wealth LLC added | 31,547 | $1M | 0.1% | 2026-Q1 |
| Seed Wealth Management, Inc. trimmed | 30,292 | $1M | 0.1% | 2026-Q1 |
| Asset Dedication, LLC trimmed | 30,213 | $1M | 0.1% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 28,931 | $1M | 0.1% | 2026-Q1 |
| Entruity Wealth, LLC trimmed | 28,779 | $1M | 0.1% | 2026-Q1 |
| Heirloom Wealth Management new | 28,331 | $1M | 0.1% | 2026-Q1 |
| Traub Capital Management LLC trimmed | 27,992 | $1M | 0.1% | 2026-Q1 |
| Hardin Capital Partners, LLC added | 27,014 | $1M | 0.1% | 2026-Q1 |
| Northland Capital Management LLC trimmed | 26,207 | $1M | 0.1% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 25,916 | $1M | 0.1% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 25,071 | $1M | 0.1% | 2026-Q1 |
| QRG CAPITAL MANAGEMENT, INC. trimmed | 24,865 | $1M | 0.1% | 2026-Q1 |
| Rockefeller Capital Management L.P. trimmed | 24,815 | $1M | 0.1% | 2026-Q1 |
| FMR LLC added | 24,478 | $1M | 0.1% | 2026-Q1 |
| Composition Wealth, LLC added | 24,478 | $1M | 0.1% | 2026-Q1 |
| Farther Finance Advisors, LLC added | 22,773 | $1M | 0.1% | 2026-Q1 |
| Tumwater Wealth Management, LLC | 21,045 | $976K | 0.1% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 19,508 | $904K | 0.1% | 2026-Q1 |
| Ballast Financial Advisors LLC trimmed | 19,444 | $901K | 0.1% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 18,907 | $877K | 0.0% | 2026-Q1 |
| Fortitude Family Office, LLC trimmed | 18,238 | $846K | 0.0% | 2026-Q1 |
| Quantinno Capital Management LP added | 18,189 | $843K | 0.0% | 2026-Q1 |
| Bristlecone Value Partners, LLC trimmed | 17,319 | $803K | 0.0% | 2026-Q1 |
| Ascent Group, LLC | 17,246 | $800K | 0.0% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 17,555 | $789K | 0.0% | 2026-Q1 |
| Guardian Financial Partners, LLC added | 17,012 | $789K | 0.0% | 2026-Q1 |
| HRT FINANCIAL LP added | 16,660 | $772K | 0.0% | 2026-Q1 |
| BAILARD, INC. | 16,270 | $754K | 0.0% | 2026-Q1 |
| True North Advisors, LLC trimmed | 16,070 | $745K | 0.0% | 2026-Q1 |
| Shilanski & Associates, Inc. added | 196,313 | $9M | 0.5% | 2025-Q3 stale |
| FLOW TRADERS U.S. LLC trimmed | 119,369 | $5M | 0.3% | 2025-Q4 stale |
| Wade Financial Advisory, Inc added | 92,854 | $3M | 0.2% | 2025-Q1 stale |
| Keystone Wealth Services, LLC new | 70,285 | $3M | 0.2% | 2025-Q4 stale |
| PrairieView Partners, LLC trimmed | 61,019 | $3M | 0.1% | 2025-Q2 stale |
| One Capital Management, LLC trimmed | 39,106 | $2M | 0.1% | 2025-Q3 stale |
| GOLDMAN SACHS GROUP INC new | 38,023 | $2M | 0.1% | 2025-Q2 stale |
| Cresset Asset Management, LLC | 40,944 | $1M | 0.1% | 2025-Q1 stale |
| Jackson Creek Investment Advisors LLC trimmed | 22,564 | $949K | 0.1% | 2025-Q2 stale |
| Clarius Group, LLC trimmed | 19,236 | $857K | 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.