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Institutional Ownership · SEC Form 13F

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.

292
Institutional holders
38,084,256
Shares held (tracked funds)

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).

FundSharesReported value% of valueQuarter
CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed28,030,618$1.3B74.0%2026-Q1
MORGAN STANLEY added601,979$28M1.6%2026-Q1
GHP Investment Advisors, Inc. added600,222$28M1.6%2026-Q1
EXENCIAL WEALTH ADVISORS, LLC trimmed556,861$26M1.5%2026-Q1
Focus Partners Wealth added504,743$23M1.3%2026-Q1
Kelman-Lazarov, Inc. added496,936$23M1.3%2026-Q1
Prairiewood Capital, LLC added301,819$14M0.8%2026-Q1
High Probability Advisors, LLC added289,799$13M0.8%2026-Q1
VICTORY CAPITAL MANAGEMENT INC trimmed281,277$13M0.7%2026-Q1
COLLECTIVE FAMILY OFFICE LLC added245,840$11M0.6%2026-Q1
Charles Schwab Trust Co added228,411$11M0.6%2026-Q1
Opes Wealth Management LLC added225,489$10M0.6%2026-Q1
CWM, LLC added212,911$10M0.6%2026-Q1
Geneos Wealth Management Inc. trimmed203,934$9M0.5%2026-Q1
Cherry Tree Wealth Management, LLC trimmed180,312$8M0.5%2026-Q1
UBS Group AG trimmed175,564$8M0.5%2026-Q1
Breakwater Capital Group added174,455$8M0.5%2026-Q1
Creative Planning added163,886$8M0.4%2026-Q1
Bell Investment Advisors, Inc trimmed163,451$8M0.4%2026-Q1
RAYMOND JAMES FINANCIAL INC added155,255$7M0.4%2026-Q1
Shore Point Advisors, LLC trimmed171,701$7M0.4%2026-Q1
ABBINGTON INVESTMENT GROUP trimmed135,009$6M0.4%2026-Q1
Factor Wealth Management LTD trimmed119,760$6M0.3%2026-Q1
CITADEL ADVISORS LLC trimmed116,446$5M0.3%2026-Q1
Dynamic Advisor Solutions LLC trimmed113,807$5M0.3%2026-Q1
MOLLER WEALTH PARTNERS added107,112$5M0.3%2026-Q1
RF&L WEALTH MANAGEMENT, LLC trimmed106,308$5M0.3%2026-Q1
MorganRosel Wealth Management, LLC trimmed99,552$5M0.3%2026-Q1
Grove Street Fiduciary, LLC trimmed99,085$5M0.3%2026-Q1
Nicholas Hoffman & Company, LLC. added88,096$4M0.2%2026-Q1
BANK OF AMERICA CORP /DE/ trimmed83,606$4M0.2%2026-Q1
Modern Wealth Management, LLC trimmed81,595$4M0.2%2026-Q1
OSAIC HOLDINGS, INC. trimmed80,410$4M0.2%2026-Q1
Savant Capital, LLC trimmed73,276$3M0.2%2026-Q1
ATLas Financial Planning LLC added68,395$3M0.2%2026-Q1
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed65,127$3M0.2%2026-Q1
BFI Wealth Solutions, LLC added63,103$3M0.2%2026-Q1
MERCER GLOBAL ADVISORS INC /ADV trimmed63,876$3M0.2%2026-Q1
Mariner, LLC added63,377$3M0.2%2026-Q1
CABOT WEALTH MANAGEMENT INC added63,032$3M0.2%2026-Q1
Bravera Wealth added61,565$3M0.2%2026-Q1
CUTLER INVESTMENT COUNSEL LLC added59,287$3M0.2%2026-Q1
AQR CAPITAL MANAGEMENT LLC added56,941$3M0.2%2026-Q1
Cerity Partners LLC added53,724$2M0.1%2026-Q1
Kestra Advisory Services, LLC trimmed53,564$2M0.1%2026-Q1
Sterling Financial Planning, Inc. trimmed53,136$2M0.1%2026-Q1
LPL Financial LLC added52,601$2M0.1%2026-Q1
Valued Wealth Advisors LLC trimmed52,443$2M0.1%2026-Q1
Focus Partners Advisor Solutions, LLC trimmed50,137$2M0.1%2026-Q1
BCS Wealth Management trimmed49,484$2M0.1%2026-Q1
Quadcap Wealth Management, LLC trimmed47,637$2M0.1%2026-Q1
McGrath & Associates, Inc. trimmed42,039$2M0.1%2026-Q1
Waterfront Wealth Inc. added41,954$2M0.1%2026-Q1
Clearstead Advisors, LLC added41,486$2M0.1%2026-Q1
Shakespeare Wealth Management, LLC trimmed37,912$2M0.1%2026-Q1
Vise Technologies, Inc.37,107$2M0.1%2026-Q1
NORTHWEST WEALTH MANAGEMENT, LLC trimmed34,687$2M0.1%2026-Q1
SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed34,673$2M0.1%2026-Q1
Asset Allocation Strategies LLC trimmed32,843$2M0.1%2026-Q1
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added32,629$2M0.1%2026-Q1
EQ WEALTH ADVISORS, LLC trimmed31,704$1M0.1%2026-Q1
Corient Private Wealth LLC added31,547$1M0.1%2026-Q1
Seed Wealth Management, Inc. trimmed30,292$1M0.1%2026-Q1
Asset Dedication, LLC trimmed30,213$1M0.1%2026-Q1
BANK OF MONTREAL /CAN/ trimmed28,931$1M0.1%2026-Q1
Entruity Wealth, LLC trimmed28,779$1M0.1%2026-Q1
Heirloom Wealth Management new28,331$1M0.1%2026-Q1
Traub Capital Management LLC trimmed27,992$1M0.1%2026-Q1
Hardin Capital Partners, LLC added27,014$1M0.1%2026-Q1
Northland Capital Management LLC trimmed26,207$1M0.1%2026-Q1
JONES FINANCIAL COMPANIES LLLP added25,916$1M0.1%2026-Q1
COMMONWEALTH EQUITY SERVICES, LLC trimmed25,071$1M0.1%2026-Q1
QRG CAPITAL MANAGEMENT, INC. trimmed24,865$1M0.1%2026-Q1
Rockefeller Capital Management L.P. trimmed24,815$1M0.1%2026-Q1
FMR LLC added24,478$1M0.1%2026-Q1
Composition Wealth, LLC added24,478$1M0.1%2026-Q1
Farther Finance Advisors, LLC added22,773$1M0.1%2026-Q1
Tumwater Wealth Management, LLC21,045$976K0.1%2026-Q1
AMERIPRISE FINANCIAL INC added19,508$904K0.1%2026-Q1
Ballast Financial Advisors LLC trimmed19,444$901K0.1%2026-Q1
ENVESTNET ASSET MANAGEMENT INC trimmed18,907$877K0.0%2026-Q1
Fortitude Family Office, LLC trimmed18,238$846K0.0%2026-Q1
Quantinno Capital Management LP added18,189$843K0.0%2026-Q1
Bristlecone Value Partners, LLC trimmed17,319$803K0.0%2026-Q1
Ascent Group, LLC17,246$800K0.0%2026-Q1
JPMORGAN CHASE & CO trimmed17,555$789K0.0%2026-Q1
Guardian Financial Partners, LLC added17,012$789K0.0%2026-Q1
HRT FINANCIAL LP added16,660$772K0.0%2026-Q1
BAILARD, INC.16,270$754K0.0%2026-Q1
True North Advisors, LLC trimmed16,070$745K0.0%2026-Q1
Shilanski & Associates, Inc. added196,313$9M0.5%2025-Q3 stale
FLOW TRADERS U.S. LLC trimmed119,369$5M0.3%2025-Q4 stale
Wade Financial Advisory, Inc added92,854$3M0.2%2025-Q1 stale
Keystone Wealth Services, LLC new70,285$3M0.2%2025-Q4 stale
PrairieView Partners, LLC trimmed61,019$3M0.1%2025-Q2 stale
One Capital Management, LLC trimmed39,106$2M0.1%2025-Q3 stale
GOLDMAN SACHS GROUP INC new38,023$2M0.1%2025-Q2 stale
Cresset Asset Management, LLC40,944$1M0.1%2025-Q1 stale
Jackson Creek Investment Advisors LLC trimmed22,564$949K0.1%2025-Q2 stale
Clarius Group, LLC trimmed19,236$857K0.0%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.

HoldersTotal shares

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.

Learn how to read institutional ownership