Who owns FNDF (FNDF)
Which tracked institutional funds hold FNDF, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FNDF 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 FNDF is one-sided between 2025-Q4 and 2026-Q1: 279 added or opened and 56 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
FNDF’s largest tracked holder by dollar value, CHARLES SCHWAB INVESTMENT MANAGEMENT INC, sizes it at 1.1% of its own reported 13F book, while the median holder sizes it at 1.4% of theirs — a 0.4pp gap the other way — the median holder sizes FNDF more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in FNDF 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 810 tracked filers holding FNDF, 437 increased or opened the position and 271 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 FNDF 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 38
- CANANDAIGUA NATIONAL CORP$53M
- Penserra Capital Management LLC$18M
- ARQ WEALTH ADVISORS, LLC$12M
- Nearwater Capital Markets, Ltd$10M
- BNP PARIBAS FINANCIAL MARKETS$10M
- CAPITOLIS LIQUID GLOBAL MARKETS LLC$10M
Full exits 23
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$61M
- CANANDAIGUA NATIONAL BANK & TRUST CO$48M
- CITADEL ADVISORS LLC$46M
- FAS Wealth Partners, Inc.$10M
- IFG Advisory, LLC$9M
- NewEdge Advisors, LLC$7M
Largest adds
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC$376M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$294M
- Corient Private Wealth LLC$93M
- CAPTRUST FINANCIAL ADVISORS$44M
- BANK OF AMERICA CORP /DE/$41M
- REGIONS FINANCIAL CORP$38M
Largest trims
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$148M
- MORGAN STANLEY$54M
- JANE STREET GROUP, LLC$36M
- OSAIC HOLDINGS, INC.$13M
- McKinley Carter Wealth Services, Inc.$10M
- Clarkston Capital Partners, LLC$10M
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 | 143,031,375 | $7.0B | 49.8% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 14,592,927 | $708M | 5.0% | 2026-Q1 |
| REGIONS FINANCIAL CORP added | 9,245,351 | $452M | 3.2% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 8,329,856 | $408M | 2.9% | 2026-Q1 |
| MORGAN STANLEY trimmed | 6,879,535 | $337M | 2.4% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 6,120,157 | $299M | 2.1% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 5,917,776 | $290M | 2.1% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS added | 4,043,914 | $198M | 1.4% | 2026-Q1 |
| Auto-Owners Insurance Co trimmed | 3,640,000 | $175M | 1.2% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 3,116,513 | $152M | 1.1% | 2026-Q1 |
| Mountain Capital Investment Advisors Inc. added | 2,908,890 | $148M | 1.1% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 2,914,968 | $143M | 1.0% | 2026-Q1 |
| Boulay Financial Advisors, LLC added | 2,725,199 | $133M | 0.9% | 2026-Q1 |
| LPL Financial LLC added | 2,674,647 | $131M | 0.9% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 2,583,725 | $126M | 0.9% | 2026-Q1 |
| FOSTER & MOTLEY INC trimmed | 2,442,949 | $120M | 0.8% | 2026-Q1 |
| Corient Private Wealth LLC added | 2,097,119 | $103M | 0.7% | 2026-Q1 |
| FMR LLC trimmed | 1,728,251 | $85M | 0.6% | 2026-Q1 |
| Cetera Investment Advisers added | 1,643,572 | $80M | 0.6% | 2026-Q1 |
| UBS Group AG added | 1,583,101 | $77M | 0.6% | 2026-Q1 |
| StoneX Group Inc. added | 1,511,055 | $74M | 0.5% | 2026-Q1 |
| AlphaCore Capital LLC trimmed | 1,492,540 | $73M | 0.5% | 2026-Q1 |
| HighTower Advisors, LLC added | 1,381,502 | $68M | 0.5% | 2026-Q1 |
| CVA Family Office, LLC added | 1,351,127 | $66M | 0.5% | 2026-Q1 |
| Strata Wealth Advisors, LLC trimmed | 1,180,899 | $58M | 0.4% | 2026-Q1 |
| ALPS ADVISORS INC added | 1,177,789 | $58M | 0.4% | 2026-Q1 |
| Nadler Financial Group, Inc. added | 1,140,191 | $56M | 0.4% | 2026-Q1 |
| Trust Co trimmed | 1,138,725 | $56M | 0.4% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 1,115,777 | $55M | 0.4% | 2026-Q1 |
| Capital Advantage, Inc. added | 1,105,584 | $54M | 0.4% | 2026-Q1 |
| CANANDAIGUA NATIONAL CORP new | 1,073,617 | $53M | 0.4% | 2026-Q1 |
| Orion Porfolio Solutions, LLC trimmed | 1,071,013 | $52M | 0.4% | 2026-Q1 |
| Hardy Reed LLC added | 1,066,749 | $52M | 0.4% | 2026-Q1 |
| Capital Advisors Wealth Management, LLC trimmed | 1,051,665 | $51M | 0.4% | 2026-Q1 |
| Private Advisor Group, LLC added | 1,040,452 | $51M | 0.4% | 2026-Q1 |
| Charles Schwab Trust Co trimmed | 1,029,589 | $50M | 0.4% | 2026-Q1 |
| Verde Capital Management added | 992,254 | $49M | 0.3% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 962,137 | $47M | 0.3% | 2026-Q1 |
| Mariner, LLC added | 945,862 | $46M | 0.3% | 2026-Q1 |
| Focus Partners Wealth added | 912,654 | $45M | 0.3% | 2026-Q1 |
| MFA WEALTH ADVISORS, LLC added | 902,933 | $44M | 0.3% | 2026-Q1 |
| Johnson Bixby & Associates, LLC added | 875,644 | $43M | 0.3% | 2026-Q1 |
| CWM, LLC added | 813,465 | $40M | 0.3% | 2026-Q1 |
| Barry Investment Advisors, LLC added | 799,398 | $39M | 0.3% | 2026-Q1 |
| Unison Advisors LLC added | 788,242 | $39M | 0.3% | 2026-Q1 |
| Focus Financial Network, Inc. added | 776,400 | $38M | 0.3% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 773,051 | $38M | 0.3% | 2026-Q1 |
| Pallas Capital Advisors LLC trimmed | 769,625 | $38M | 0.3% | 2026-Q1 |
| Arlington Financial Advisors, LLC trimmed | 759,867 | $37M | 0.3% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 767,887 | $36M | 0.3% | 2026-Q1 |
| LEAVELL INVESTMENT MANAGEMENT, INC. added | 734,098 | $36M | 0.3% | 2026-Q1 |
| Dynamic Advisor Solutions LLC added | 725,123 | $35M | 0.3% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 724,407 | $35M | 0.3% | 2026-Q1 |
| Opes Wealth Management LLC trimmed | 713,937 | $35M | 0.2% | 2026-Q1 |
| WESCAP Management Group, Inc. added | 653,504 | $32M | 0.2% | 2026-Q1 |
| Bell Investment Advisors, Inc trimmed | 644,359 | $32M | 0.2% | 2026-Q1 |
| Resonant Capital Advisors, LLC trimmed | 640,326 | $31M | 0.2% | 2026-Q1 |
| Geneos Wealth Management Inc. trimmed | 623,669 | $31M | 0.2% | 2026-Q1 |
| Solitude Financial Services trimmed | 570,283 | $29M | 0.2% | 2026-Q1 |
| MAI Capital Management added | 599,335 | $29M | 0.2% | 2026-Q1 |
| Creative Planning added | 583,727 | $29M | 0.2% | 2026-Q1 |
| EXENCIAL WEALTH ADVISORS, LLC trimmed | 580,582 | $28M | 0.2% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 576,513 | $28M | 0.2% | 2026-Q1 |
| Prairiewood Capital, LLC added | 561,451 | $27M | 0.2% | 2026-Q1 |
| KEELER & NADLER FINANCIAL PLANNING & WEALTH MANAGEMENT added | 554,239 | $27M | 0.2% | 2026-Q1 |
| CABOT WEALTH MANAGEMENT INC added | 553,828 | $27M | 0.2% | 2026-Q1 |
| Maia Wealth LLC added | 539,122 | $26M | 0.2% | 2026-Q1 |
| Opus Capital Group, LLC trimmed | 509,963 | $25M | 0.2% | 2026-Q1 |
| Seven Springs Wealth Group, LLC added | 505,861 | $25M | 0.2% | 2026-Q1 |
| Tradition Wealth Management, LLC added | 492,801 | $24M | 0.2% | 2026-Q1 |
| Sequoia Financial Advisors, LLC trimmed | 482,871 | $24M | 0.2% | 2026-Q1 |
| GREAT VALLEY ADVISOR GROUP, INC. added | 482,179 | $24M | 0.2% | 2026-Q1 |
| Savant Capital, LLC trimmed | 474,735 | $23M | 0.2% | 2026-Q1 |
| CAPITAL WEALTH MANAGEMENT, LLC added | 463,396 | $23M | 0.2% | 2026-Q1 |
| Red Tortoise LLC trimmed | 456,225 | $22M | 0.2% | 2026-Q1 |
| Keudell/Morrison Wealth Management added | 436,651 | $21M | 0.2% | 2026-Q1 |
| Vise Technologies, Inc. | 452,251 | $20M | 0.1% | 2026-Q1 |
| HOWARD FINANCIAL SERVICES, LTD. added | 414,982 | $20M | 0.1% | 2026-Q1 |
| BEACON FINANCIAL PLANNING, INC added | 413,737 | $20M | 0.1% | 2026-Q1 |
| Latko Wealth Management, Ltd. added | 411,801 | $20M | 0.1% | 2026-Q1 |
| Cerity Partners LLC added | 390,393 | $20M | 0.1% | 2026-Q1 |
| Thrivent Financial for Lutherans added | 401,882 | $20M | 0.1% | 2026-Q1 |
| U.S. Capital Wealth Advisors, LLC added | 398,760 | $20M | 0.1% | 2026-Q1 |
| Verum Partners LLC added | 398,220 | $19M | 0.1% | 2026-Q1 |
| CENTRAL TRUST Co added | 389,889 | $19M | 0.1% | 2026-Q1 |
| MOLLER WEALTH PARTNERS added | 385,828 | $19M | 0.1% | 2026-Q1 |
| Sound Portfolio Advisors, LLC trimmed | 383,937 | $19M | 0.1% | 2026-Q1 |
| JNBA Financial Advisors trimmed | 370,177 | $18M | 0.1% | 2026-Q1 |
| STUDIO INVESTMENT MANAGEMENT LLC | 394,842 | $18M | 0.1% | 2026-Q1 |
| Penserra Capital Management LLC new | 362,054 | $18M | 0.1% | 2026-Q1 |
| Vestmark Advisory Solutions, Inc. added | 345,577 | $17M | 0.1% | 2026-Q1 |
| &PARTNERS added | 343,105 | $17M | 0.1% | 2026-Q1 |
| HHM Wealth Advisors, LLC added | 342,266 | $17M | 0.1% | 2026-Q1 |
| Callan Capital, LLC trimmed | 1,828,746 | $66M | 0.5% | 2025-Q1 stale |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 1,345,522 | $61M | 0.4% | 2025-Q4 stale |
| 1832 Asset Management L.P. added | 1,433,071 | $57M | 0.4% | 2025-Q2 stale |
| Orion Portfolio Solutions, LLC trimmed | 1,428,631 | $52M | 0.4% | 2025-Q1 stale |
| CANANDAIGUA NATIONAL BANK & TRUST CO added | 1,057,708 | $48M | 0.3% | 2025-Q4 stale |
| CITADEL ADVISORS LLC added | 1,009,015 | $46M | 0.3% | 2025-Q4 stale |
| CW Advisors, LLC added | 498,693 | $20M | 0.1% | 2025-Q2 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.