Who owns FNDE (FNDE)
Which tracked institutional funds hold FNDE, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FNDE 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
The tracked-fund tape on FNDE is one-sided between 2025-Q4 and 2026-Q1: 121 added or opened and 35 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
FNDE’s largest tracked holder by dollar value, CHARLES SCHWAB INVESTMENT MANAGEMENT INC, sizes it at 0.7% of its own reported 13F book, while the median holder sizes it at 0.6% of theirs — a 0.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in FNDE 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 467 tracked filers holding FNDE, 236 increased or opened the position and 165 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 FNDE 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 14
- Tandem Financial, LLC$13M
- Alternative Investment Advisors, LLC.$6M
- Silver Coast Investments LLC$5M
- CIBC Bancorp USA Inc.$3M
- Nearwater Capital Markets, Ltd$3M
- Pekin Hardy Strauss, Inc.$2M
Full exits 11
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$41M
- IFG Advisory, LLC$8M
- PLANWISER FINANCIAL, LLC$5M
- CIBC Private Wealth Group LLC$3M
- Main Street Financial Solutions, LLC$1M
- COMERICA BANK$1M
Largest adds
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC$311M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$38M
- BANK OF AMERICA CORP /DE/$29M
- Bleakley Financial Group, LLC$14M
- VICTORY CAPITAL MANAGEMENT INC$12M
- STIFEL FINANCIAL CORP$12M
Largest trims
- OSAIC HOLDINGS, INC.$14M
- FMR LLC$6M
- JPMORGAN CHASE & CO$4M
- Embree Financial Group$3M
- TRUST POINT INC.$3M
- Sanctuary 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 added | 124,019,404 | $4.7B | 67.1% | 2026-Q1 |
| FMR LLC trimmed | 15,461,551 | $592M | 8.4% | 2026-Q1 |
| MORGAN STANLEY trimmed | 3,775,582 | $144M | 2.0% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 2,799,303 | $107M | 1.5% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC added | 2,226,548 | $85M | 1.2% | 2026-Q1 |
| Bogart Wealth, LLC added | 1,857,268 | $71M | 1.0% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 1,421,208 | $54M | 0.8% | 2026-Q1 |
| FOSTER & MOTLEY INC trimmed | 1,241,800 | $48M | 0.7% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 1,168,564 | $45M | 0.6% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 1,022,318 | $39M | 0.6% | 2026-Q1 |
| Unison Advisors LLC trimmed | 972,627 | $37M | 0.5% | 2026-Q1 |
| Morningstar Investment Management LLC added | 723,788 | $28M | 0.4% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 720,735 | $28M | 0.4% | 2026-Q1 |
| Almanack Investment Partners, LLC. added | 712,019 | $27M | 0.4% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 666,187 | $25M | 0.4% | 2026-Q1 |
| UBS Group AG added | 650,432 | $25M | 0.4% | 2026-Q1 |
| Kelman-Lazarov, Inc. trimmed | 594,759 | $23M | 0.3% | 2026-Q1 |
| AlphaCore Capital LLC trimmed | 593,332 | $23M | 0.3% | 2026-Q1 |
| Johnson Bixby & Associates, LLC added | 573,053 | $22M | 0.3% | 2026-Q1 |
| Seven Springs Wealth Group, LLC added | 563,534 | $22M | 0.3% | 2026-Q1 |
| Resonant Capital Advisors, LLC trimmed | 556,985 | $21M | 0.3% | 2026-Q1 |
| ASPIRIANT, LLC added | 544,893 | $21M | 0.3% | 2026-Q1 |
| Elgethun Capital Management added | 539,773 | $21M | 0.3% | 2026-Q1 |
| LPL Financial LLC added | 538,388 | $21M | 0.3% | 2026-Q1 |
| PRINCIPAL SECURITIES, INC. added | 513,907 | $20M | 0.3% | 2026-Q1 |
| HighTower Advisors, LLC added | 510,852 | $20M | 0.3% | 2026-Q1 |
| CVA Family Office, LLC added | 509,567 | $19M | 0.3% | 2026-Q1 |
| FINANCIAL CONSULATE, INC added | 453,683 | $17M | 0.2% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 445,553 | $17M | 0.2% | 2026-Q1 |
| Cornerstone Planning Group LLC added | 416,262 | $17M | 0.2% | 2026-Q1 |
| Bleakley Financial Group, LLC added | 439,715 | $17M | 0.2% | 2026-Q1 |
| HHM Wealth Advisors, LLC added | 433,129 | $17M | 0.2% | 2026-Q1 |
| Charles Schwab Trust Co added | 411,420 | $16M | 0.2% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 405,902 | $16M | 0.2% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 391,905 | $15M | 0.2% | 2026-Q1 |
| Kathmere Capital Management, LLC added | 379,370 | $15M | 0.2% | 2026-Q1 |
| Concurrent Investment Advisors, LLC added | 367,504 | $14M | 0.2% | 2026-Q1 |
| MOLLER WEALTH PARTNERS added | 367,331 | $14M | 0.2% | 2026-Q1 |
| Prairiewood Capital, LLC added | 353,734 | $14M | 0.2% | 2026-Q1 |
| DROMS STRAUSS ADVISORS INC /MO/ /ADV trimmed | 349,937 | $13M | 0.2% | 2026-Q1 |
| CABOT WEALTH MANAGEMENT INC added | 348,345 | $13M | 0.2% | 2026-Q1 |
| Nicholas Hoffman & Company, LLC. added | 345,179 | $13M | 0.2% | 2026-Q1 |
| LFA - Lugano Financial Advisors SA added | 334,560 | $13M | 0.2% | 2026-Q1 |
| CHILTON CAPITAL MANAGEMENT LLC added | 332,923 | $13M | 0.2% | 2026-Q1 |
| Tandem Financial, LLC added | 328,742 | $13M | 0.2% | 2026-Q1 |
| COWA, LLC added | 322,910 | $12M | 0.2% | 2026-Q1 |
| BALANCED WEALTH GROUP LLC added | 308,618 | $12M | 0.2% | 2026-Q1 |
| McAdam, LLC trimmed | 300,584 | $12M | 0.2% | 2026-Q1 |
| EXENCIAL WEALTH ADVISORS, LLC trimmed | 273,070 | $10M | 0.1% | 2026-Q1 |
| Cetera Investment Advisers added | 259,210 | $10M | 0.1% | 2026-Q1 |
| SAX WEALTH ADVISORS, LLC trimmed | 270,629 | $10M | 0.1% | 2026-Q1 |
| Your Advocates Ltd., LLP added | 222,078 | $8M | 0.1% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 218,111 | $8M | 0.1% | 2026-Q1 |
| Bell Investment Advisors, Inc trimmed | 212,046 | $8M | 0.1% | 2026-Q1 |
| Creative Planning added | 207,189 | $8M | 0.1% | 2026-Q1 |
| MAI Capital Management added | 197,226 | $8M | 0.1% | 2026-Q1 |
| Mariner, LLC added | 195,470 | $7M | 0.1% | 2026-Q1 |
| RHS Financial, LLC trimmed | 185,287 | $7M | 0.1% | 2026-Q1 |
| EP Wealth Advisors, LLC trimmed | 184,503 | $7M | 0.1% | 2026-Q1 |
| Asset Dedication, LLC trimmed | 181,852 | $7M | 0.1% | 2026-Q1 |
| Sanctuary Advisors, LLC trimmed | 181,814 | $7M | 0.1% | 2026-Q1 |
| ABBINGTON INVESTMENT GROUP added | 179,260 | $7M | 0.1% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 184,041 | $7M | 0.1% | 2026-Q1 |
| Pinnacle Wealth Management, LLC added | 178,075 | $7M | 0.1% | 2026-Q1 |
| Wealth Forward, LLC trimmed | 176,290 | $7M | 0.1% | 2026-Q1 |
| ACCESS FINANCIAL SERVICES, INC. added | 171,213 | $7M | 0.1% | 2026-Q1 |
| PERSPECTIVE WEALTH ADVISORS LLC added | 168,281 | $6M | 0.1% | 2026-Q1 |
| Savant Capital, LLC trimmed | 164,815 | $6M | 0.1% | 2026-Q1 |
| Essex LLC added | 161,351 | $6M | 0.1% | 2026-Q1 |
| Westover Capital Advisors, LLC added | 159,685 | $6M | 0.1% | 2026-Q1 |
| Alternative Investment Advisors, LLC. new | 156,726 | $6M | 0.1% | 2026-Q1 |
| Laurel Wealth Planning LLC trimmed | 154,232 | $6M | 0.1% | 2026-Q1 |
| Simplicity Wealth,LLC added | 141,937 | $5M | 0.1% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 141,174 | $5M | 0.1% | 2026-Q1 |
| Etesian Wealth Advisors, Inc. added | 136,959 | $5M | 0.1% | 2026-Q1 |
| Apollon Wealth Management, LLC added | 136,533 | $5M | 0.1% | 2026-Q1 |
| MorganRosel Wealth Management, LLC added | 134,685 | $5M | 0.1% | 2026-Q1 |
| Alpha Omega Wealth Management LLC added | 132,683 | $5M | 0.1% | 2026-Q1 |
| Cheviot Value Management, LLC added | 131,072 | $5M | 0.1% | 2026-Q1 |
| Silver Coast Investments LLC new | 128,694 | $5M | 0.1% | 2026-Q1 |
| Cerity Partners LLC added | 126,869 | $5M | 0.1% | 2026-Q1 |
| Summit Financial, LLC added | 127,406 | $5M | 0.1% | 2026-Q1 |
| Capital Developers, LLC added | 127,312 | $5M | 0.1% | 2026-Q1 |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management trimmed | 126,608 | $5M | 0.1% | 2026-Q1 |
| Orion Porfolio Solutions, LLC trimmed | 120,257 | $5M | 0.1% | 2026-Q1 |
| OLD MISSION CAPITAL LLC added | 111,544 | $4M | 0.1% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC added | 108,572 | $4M | 0.1% | 2026-Q1 |
| Baird Financial Group, Inc. added | 105,889 | $4M | 0.1% | 2026-Q1 |
| 1832 Asset Management L.P. added | 1,751,536 | $58M | 0.8% | 2025-Q2 stale |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 1,146,566 | $41M | 0.6% | 2025-Q4 stale |
| Callan Capital, LLC added | 625,251 | $19M | 0.3% | 2025-Q1 stale |
| Waterford Advisors, LLC added | 284,343 | $10M | 0.1% | 2025-Q3 stale |
| Sebold Capital Management, Inc. added | 276,545 | $9M | 0.1% | 2025-Q2 stale |
| IFG Advisory, LLC added | 231,802 | $8M | 0.1% | 2025-Q4 stale |
| Systelligence, LLC trimmed | 215,239 | $8M | 0.1% | 2025-Q3 stale |
| CITADEL ADVISORS LLC trimmed | 222,235 | $7M | 0.1% | 2025-Q2 stale |
| Virtue Capital Management, LLC new | 223,005 | $7M | 0.1% | 2025-Q1 stale |
| PLANWISER FINANCIAL, LLC new | 151,800 | $5M | 0.1% | 2025-Q4 stale |
| Orion Portfolio Solutions, LLC trimmed | 145,571 | $4M | 0.1% | 2025-Q1 stale |
| JANE STREET GROUP, LLC trimmed | 141,359 | $4M | 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.