Who owns 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-Q2 13F filings (latest filed 2026-08-25). 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 2026-Q1 and 2026-Q2: 112 added or opened and 31 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 0.4% 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 2026-Q1 and 2026-Q2, across 476 tracked filers holding FNDE, 252 increased or opened the position and 192 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 2026-Q1 and 2026-Q2 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
- GOLDMAN SACHS GROUP INC$14M
- IFG Advisory, LLC$10M
- Integrated Wealth Concepts LLC$5M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$4M
- BIP Wealth, LLC$3M
- Verde Capital Management$2M
Full exits 18
- FOSTER & MOTLEY INC$48M
- HighTower Advisors, LLC$20M
- Cambridge Investment Research Advisors, Inc.$16M
- EXENCIAL WEALTH ADVISORS, LLC$10M
- Alternative Investment Advisors, LLC.$6M
- Capital Developers, LLC$5M
Largest adds
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC$176M
- Savant Capital, LLC$17M
- OSAIC HOLDINGS, INC.$17M
- MORGAN STANLEY$16M
- LPL Financial LLC$12M
- RAYMOND JAMES FINANCIAL INC$11M
Largest trims
- COMMONWEALTH EQUITY SERVICES, LLC$11M
- FMR LLC$7M
- McAdam, LLC$7M
- Almanack Investment Partners, LLC.$5M
- Private Advisor Group, LLC$2M
- NATIONAL BANK OF CANADA /FI/$2M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 124,010,383 | $4.9B | 68.5% | 2026-Q2 |
| FMR LLC trimmed | 14,722,704 | $584M | 8.1% | 2026-Q2 |
| MORGAN STANLEY added | 4,036,172 | $160M | 2.2% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 2,922,545 | $116M | 1.6% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC | 2,226,548 | $88M | 1.2% | 2026-Q2 |
| Bogart Wealth, LLC added | 1,885,735 | $75M | 1.0% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 1,397,794 | $55M | 0.8% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 1,130,210 | $45M | 0.6% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 1,074,017 | $43M | 0.6% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 1,033,833 | $41M | 0.6% | 2026-Q2 |
| Unison Advisors LLC trimmed | 971,847 | $39M | 0.5% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 970,820 | $39M | 0.5% | 2026-Q2 |
| LPL Financial LLC added | 824,767 | $33M | 0.5% | 2026-Q2 |
| Morningstar Investment Management LLC | 723,788 | $28M | 0.4% | 2026-Q2 |
| UBS Group AG added | 667,904 | $27M | 0.4% | 2026-Q2 |
| Seven Springs Wealth Group, LLC added | 601,701 | $24M | 0.3% | 2026-Q2 |
| Johnson Bixby & Associates, LLC added | 597,009 | $24M | 0.3% | 2026-Q2 |
| AlphaCore Capital LLC trimmed | 591,619 | $23M | 0.3% | 2026-Q2 |
| Savant Capital, LLC added | 585,581 | $24M | 0.3% | 2026-Q2 |
| Resonant Capital Advisors, LLC added | 570,078 | $23M | 0.3% | 2026-Q2 |
| Kelman-Lazarov, Inc. trimmed | 569,914 | $23M | 0.3% | 2026-Q2 |
| Almanack Investment Partners, LLC. trimmed | 561,157 | $22M | 0.3% | 2026-Q2 |
| Elgethun Capital Management added | 556,068 | $22M | 0.3% | 2026-Q2 |
| ASPIRIANT, LLC trimmed | 539,037 | $21M | 0.3% | 2026-Q2 |
| CVA Family Office, LLC added | 529,141 | $21M | 0.3% | 2026-Q2 |
| Bleakley Financial Group, LLC added | 490,739 | $19M | 0.3% | 2026-Q2 |
| PRINCIPAL SECURITIES, INC. trimmed | 490,430 | $19M | 0.3% | 2026-Q2 |
| HHM Wealth Advisors, LLC added | 480,918 | $19M | 0.3% | 2026-Q2 |
| FINANCIAL CONSULATE, INC added | 473,791 | $19M | 0.3% | 2026-Q2 |
| Cornerstone Planning Group LLC added | 432,725 | $18M | 0.2% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 428,941 | $17M | 0.2% | 2026-Q2 |
| Charles Schwab Trust Co trimmed | 409,608 | $16M | 0.2% | 2026-Q2 |
| Kathmere Capital Management, LLC added | 393,575 | $16M | 0.2% | 2026-Q2 |
| Concurrent Investment Advisors, LLC added | 390,468 | $15M | 0.2% | 2026-Q2 |
| MOLLER WEALTH PARTNERS added | 370,133 | $15M | 0.2% | 2026-Q2 |
| Prairiewood Capital, LLC added | 365,480 | $15M | 0.2% | 2026-Q2 |
| Nicholas Hoffman & Company, LLC. added | 360,874 | $14M | 0.2% | 2026-Q2 |
| CABOT WEALTH MANAGEMENT INC added | 359,305 | $14M | 0.2% | 2026-Q2 |
| Tandem Financial, LLC added | 354,450 | $14M | 0.2% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 346,249 | $14M | 0.2% | 2026-Q2 |
| COWA, LLC added | 337,812 | $13M | 0.2% | 2026-Q2 |
| DROMS STRAUSS ADVISORS INC /MO/ /ADV trimmed | 334,817 | $13M | 0.2% | 2026-Q2 |
| CHILTON CAPITAL MANAGEMENT LLC trimmed | 332,698 | $13M | 0.2% | 2026-Q2 |
| Cetera Investment Advisers added | 329,890 | $13M | 0.2% | 2026-Q2 |
| LFA - Lugano Financial Advisors SA trimmed | 328,425 | $13M | 0.2% | 2026-Q2 |
| BALANCED WEALTH GROUP LLC added | 314,528 | $12M | 0.2% | 2026-Q2 |
| ASSETMARK, INC added | 292,193 | $12M | 0.2% | 2026-Q2 |
| SAX WEALTH ADVISORS, LLC added | 288,916 | $11M | 0.2% | 2026-Q2 |
| Summit Financial, LLC added | 261,976 | $10M | 0.1% | 2026-Q2 |
| Mariner, LLC added | 250,689 | $10M | 0.1% | 2026-Q2 |
| IFG Advisory, LLC added | 249,733 | $10M | 0.1% | 2026-Q2 |
| Bell Investment Advisors, Inc added | 220,717 | $9M | 0.1% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 220,274 | $9M | 0.1% | 2026-Q2 |
| Creative Planning added | 217,698 | $9M | 0.1% | 2026-Q2 |
| Your Advocates Ltd., LLP trimmed | 214,697 | $9M | 0.1% | 2026-Q2 |
| January Capital Advisors LLC added | 212,219 | $8M | 0.1% | 2026-Q2 |
| Kozak & Associates, Inc. added | 209,032 | $8M | 0.1% | 2026-Q2 |
| MAI Capital Management added | 206,859 | $8M | 0.1% | 2026-Q2 |
| Pinnacle Wealth Management, LLC added | 184,032 | $7M | 0.1% | 2026-Q2 |
| PERSPECTIVE WEALTH ADVISORS LLC added | 181,003 | $7M | 0.1% | 2026-Q2 |
| ABBINGTON INVESTMENT GROUP added | 179,386 | $7M | 0.1% | 2026-Q2 |
| Wealth Forward, LLC added | 178,420 | $7M | 0.1% | 2026-Q2 |
| EP Wealth Advisors, LLC trimmed | 177,378 | $7M | 0.1% | 2026-Q2 |
| Asset Dedication, LLC trimmed | 177,269 | $7M | 0.1% | 2026-Q2 |
| ACCESS FINANCIAL SERVICES, INC. added | 171,753 | $7M | 0.1% | 2026-Q2 |
| Essex LLC added | 164,912 | $7M | 0.1% | 2026-Q2 |
| Westover Capital Advisors, LLC added | 164,701 | $7M | 0.1% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 160,777 | $6M | 0.1% | 2026-Q2 |
| Laurel Wealth Planning LLC added | 157,821 | $6M | 0.1% | 2026-Q2 |
| Silver Coast Investments LLC added | 156,502 | $6M | 0.1% | 2026-Q2 |
| Sanctuary Advisors, LLC trimmed | 154,856 | $6M | 0.1% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 150,169 | $6M | 0.1% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 146,509 | $6M | 0.1% | 2026-Q2 |
| RHS Financial, LLC trimmed | 144,271 | $6M | 0.1% | 2026-Q2 |
| MorganRosel Wealth Management, LLC added | 142,619 | $6M | 0.1% | 2026-Q2 |
| KEYBANK NATIONAL ASSOCIATION/OH added | 141,200 | $6M | 0.1% | 2026-Q2 |
| Etesian Wealth Advisors, Inc. added | 140,455 | $6M | 0.1% | 2026-Q2 |
| Apollon Wealth Management, LLC trimmed | 135,326 | $5M | 0.1% | 2026-Q2 |
| Simplicity Wealth,LLC trimmed | 134,185 | $5M | 0.1% | 2026-Q2 |
| Alpha Omega Wealth Management LLC added | 132,933 | $5M | 0.1% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 131,037 | $5M | 0.1% | 2026-Q2 |
| Integrated Wealth Concepts LLC new | 129,300 | $5M | 0.1% | 2026-Q2 |
| Cheviot Value Management, LLC trimmed | 129,249 | $5M | 0.1% | 2026-Q2 |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management trimmed | 125,417 | $5M | 0.1% | 2026-Q2 |
| Cerity Partners LLC trimmed | 124,646 | $5M | 0.1% | 2026-Q2 |
| WealthCare Investment Partners, LLC added | 121,786 | $5M | 0.1% | 2026-Q2 |
| Orion Porfolio Solutions, LLC trimmed | 115,532 | $5M | 0.1% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 114,186 | $5M | 0.1% | 2026-Q2 |
| SILVER OAK SECURITIES, INCORPORATED added | 111,700 | $4M | 0.1% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 109,324 | $4M | 0.1% | 2026-Q2 |
| McAdam, LLC trimmed | 109,052 | $4M | 0.1% | 2026-Q2 |
| Baird Financial Group, Inc. added | 108,805 | $4M | 0.1% | 2026-Q2 |
| Quantum Portfolio Management LLC added | 108,584 | $4M | 0.1% | 2026-Q2 |
| Pekin Hardy Strauss, Inc. added | 108,353 | $4M | 0.1% | 2026-Q2 |
| Focus Partners Wealth added | 106,261 | $4M | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 105,493 | $4M | 0.1% | 2026-Q2 |
| Fermata Advisors, LLC trimmed | 104,565 | $4M | 0.1% | 2026-Q2 |
| LEAVELL INVESTMENT MANAGEMENT, INC. added | 104,007 | $4M | 0.1% | 2026-Q2 |
| Pinnacle Financial Partners, Inc. added | 101,836 | $4M | 0.1% | 2026-Q2 |
| Veridan Wealth LLC trimmed | 100,988 | $4M | 0.1% | 2026-Q2 |
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.