Who owns FRDM
Which tracked institutional funds hold FRDM, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FRDM company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-17). 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 FRDM is one-sided between 2026-Q1 and 2026-Q2: 171 added or opened and 26 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
FRDM’s largest tracked holder by dollar value, Retirement Planning Group, LLC, sizes it at 4.9% of its own reported 13F book, while the median holder sizes it at 1.4% of theirs — a 3.5pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in FRDM 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 301 tracked filers holding FRDM, 188 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 FRDM 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 15
- Elwood & Goetz Wealth Advisory Group, LLC$20M
- Ferguson Shapiro LLC$6M
- One Charles Private Wealth Services, LLC$6M
- INSIGNEO ADVISORY SERVICES, LLC$5M
- ARVEST INVESTMENTS, INC.$4M
- Perissos Private Wealth Management, LLC$2M
Full exits 16
- Janney Montgomery Scott LLC$24M
- HighTower Advisors, LLC$22M
- MUHLENKAMP & CO INC$13M
- Cambridge Investment Research Advisors, Inc.$10M
- Krilogy Financial LLC$9M
- JANE STREET GROUP, LLC$6M
Largest adds
- WELLS FARGO & COMPANY/MN$57M
- Retirement Planning Group, LLC$53M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$44M
- LPL Financial LLC$37M
- MORGAN STANLEY$22M
- ENVESTNET ASSET MANAGEMENT INC$17M
Largest trims
- OLD MISSION CAPITAL LLC$10M
- Commonwealth Financial Services, LLC$9M
- GTS SECURITIES LLC$7M
- Brookstone Capital Management$3M
- Redhawk Wealth Advisors, Inc.$2M
- Ethos Financial Group, LLC$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 |
|---|---|---|---|---|
| Retirement Planning Group, LLC added | 2,644,118 | $193M | 8.6% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 2,390,390 | $174M | 7.8% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 2,065,792 | $151M | 6.7% | 2026-Q2 |
| MAINSTAY CAPITAL MANAGEMENT LLC /ADV trimmed | 1,563,268 | $114M | 5.1% | 2026-Q2 |
| LPL Financial LLC added | 1,085,086 | $79M | 3.5% | 2026-Q2 |
| Ellevest, Inc. trimmed | 1,003,101 | $73M | 3.3% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 808,250 | $59M | 2.6% | 2026-Q2 |
| Tanglewood Wealth Management, Inc. added | 795,880 | $58M | 2.6% | 2026-Q2 |
| Willis Johnson & Associates, Inc. trimmed | 787,203 | $57M | 2.6% | 2026-Q2 |
| MORGAN STANLEY added | 737,550 | $54M | 2.4% | 2026-Q2 |
| Aptus Capital Advisors, LLC added | 664,025 | $48M | 2.2% | 2026-Q2 |
| GUARDIAN WEALTH ADVISORS, LLC / NC trimmed | 610,225 | $45M | 2.0% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 586,334 | $43M | 1.9% | 2026-Q2 |
| Coyle Financial Counsel LLC trimmed | 576,703 | $42M | 1.9% | 2026-Q2 |
| Heck Capital Advisors, LLC trimmed | 555,714 | $41M | 1.8% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 477,013 | $35M | 1.5% | 2026-Q2 |
| Kathmere Capital Management, LLC trimmed | 445,746 | $32M | 1.4% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 428,571 | $31M | 1.4% | 2026-Q2 |
| Investment Planning Advisors, Inc. trimmed | 411,418 | $30M | 1.3% | 2026-Q2 |
| Legacy Financial Advisors, Inc. added | 394,487 | $29M | 1.3% | 2026-Q2 |
| First Heartland Consultants, Inc. trimmed | 335,216 | $24M | 1.1% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 323,223 | $24M | 1.0% | 2026-Q2 |
| Beaumont Financial Advisors, LLC trimmed | 307,898 | $22M | 1.0% | 2026-Q2 |
| MAYPORT, LLC added | 306,597 | $22M | 1.0% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 294,226 | $21M | 0.9% | 2026-Q2 |
| Compass Ion Advisors, LLC added | 288,109 | $21M | 0.9% | 2026-Q2 |
| Elwood & Goetz Wealth Advisory Group, LLC new | 278,890 | $20M | 0.9% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 276,841 | $20M | 0.9% | 2026-Q2 |
| ENZI WEALTH trimmed | 249,495 | $17M | 0.8% | 2026-Q2 |
| Invst, LLC trimmed | 246,488 | $18M | 0.8% | 2026-Q2 |
| Yardley Wealth Management LLC trimmed | 242,657 | $18M | 0.8% | 2026-Q2 |
| ADAMSBROWN WEALTH CONSULTANTS LLC added | 242,154 | $18M | 0.8% | 2026-Q2 |
| High Note Wealth, LLC added | 241,141 | $18M | 0.8% | 2026-Q2 |
| Permanens Capital L.P. added | 219,058 | $16M | 0.7% | 2026-Q2 |
| Intelligence Driven Advisers, LLC trimmed | 216,704 | $16M | 0.7% | 2026-Q2 |
| Baird Financial Group, Inc. added | 208,524 | $15M | 0.7% | 2026-Q2 |
| Bank Julius Baer & Co. Ltd, Zurich added | 208,400 | $15M | 0.7% | 2026-Q2 |
| WCG Wealth Advisors LLC trimmed | 197,396 | $14M | 0.6% | 2026-Q2 |
| KFG WEALTH MANAGEMENT, LLC added | 194,857 | $14M | 0.6% | 2026-Q2 |
| Longview Financial Advisors, Inc. added | 184,625 | $13M | 0.6% | 2026-Q2 |
| Koshinski Asset Management, Inc. added | 182,016 | $13M | 0.6% | 2026-Q2 |
| Signal Advisors Wealth, LLC added | 180,075 | $13M | 0.6% | 2026-Q2 |
| MGO ONE SEVEN LLC trimmed | 175,105 | $13M | 0.6% | 2026-Q2 |
| GREAT VALLEY ADVISOR GROUP, INC. trimmed | 173,796 | $13M | 0.6% | 2026-Q2 |
| Rossby Financial, LCC added | 170,469 | $12M | 0.6% | 2026-Q2 |
| Prospera Financial Services Inc added | 169,457 | $12M | 0.6% | 2026-Q2 |
| Pearl Planning LLC trimmed | 169,045 | $12M | 0.5% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 162,615 | $12M | 0.5% | 2026-Q2 |
| SWEENEY & MICHEL, LLC added | 161,771 | $11M | 0.5% | 2026-Q2 |
| Focus Partners Wealth added | 158,675 | $12M | 0.5% | 2026-Q2 |
| Members Advisory Group LLC added | 156,601 | $11M | 0.5% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 155,983 | $11M | 0.5% | 2026-Q2 |
| Lumbard & Kellner, LLC added | 153,636 | $11M | 0.5% | 2026-Q2 |
| TrueWealth Advisors, LLC added | 144,903 | $11M | 0.5% | 2026-Q2 |
| Cetera Investment Advisers added | 139,964 | $10M | 0.5% | 2026-Q2 |
| Retirement Management Systems Inc. trimmed | 139,632 | $10M | 0.5% | 2026-Q2 |
| TABLEAUX LLC trimmed | 133,577 | $10M | 0.4% | 2026-Q2 |
| Watchman Group, Inc. trimmed | 125,414 | $9M | 0.4% | 2026-Q2 |
| CABOT WEALTH MANAGEMENT INC added | 122,555 | $9M | 0.4% | 2026-Q2 |
| Ameritas Investment Partners, Inc. trimmed | 120,570 | $9M | 0.4% | 2026-Q2 |
| Tidal Investments LLC trimmed | 120,124 | $9M | 0.4% | 2026-Q2 |
| Smallwood Wealth Investment Management, LLC added | 116,318 | $8M | 0.4% | 2026-Q2 |
| Lansing Street Advisors added | 116,211 | $9M | 0.4% | 2026-Q2 |
| New England Private Wealth Advisors LLC added | 115,401 | $7M | 0.3% | 2026-Q2 |
| QUARRY HILL ADVISORS, LLC trimmed | 113,782 | $8M | 0.4% | 2026-Q2 |
| United Advisor Group, LLC added | 112,952 | $8M | 0.4% | 2026-Q2 |
| OneDigital Investment Advisors LLC trimmed | 112,899 | $8M | 0.4% | 2026-Q2 |
| Wright Wealth LLC trimmed | 112,571 | $8M | 0.4% | 2026-Q2 |
| Geneos Wealth Management Inc. added | 112,566 | $8M | 0.4% | 2026-Q2 |
| Equitable Holdings, Inc. added | 111,150 | $8M | 0.4% | 2026-Q2 |
| Trademark Financial Management, LLC trimmed | 109,058 | $8M | 0.4% | 2026-Q2 |
| Philadelphia Investment Partners, LLC trimmed | 106,063 | $8M | 0.3% | 2026-Q2 |
| Harbour Wealth Management Group, Inc. added | 105,613 | $8M | 0.3% | 2026-Q2 |
| Foundations Investment Advisors, LLC added | 103,822 | $8M | 0.3% | 2026-Q2 |
| Peak Planning Group, LLC added | 102,201 | $7M | 0.3% | 2026-Q2 |
| Womack Financial LLC trimmed | 101,183 | $7M | 0.3% | 2026-Q2 |
| ASSETMARK, INC added | 100,378 | $7M | 0.3% | 2026-Q2 |
| Advisory Services Network, LLC added | 99,514 | $7M | 0.3% | 2026-Q2 |
| GTS SECURITIES LLC trimmed | 95,127 | $7M | 0.3% | 2026-Q2 |
| Commonwealth Financial Services, LLC trimmed | 93,657 | $7M | 0.3% | 2026-Q2 |
| Avid Wealth Partners LLC trimmed | 92,884 | $7M | 0.3% | 2026-Q2 |
| Stokes Family Office, LLC trimmed | 91,263 | $7M | 0.3% | 2026-Q2 |
| Ferguson Shapiro LLC new | 87,512 | $6M | 0.3% | 2026-Q2 |
| ARQ WEALTH ADVISORS, LLC added | 85,499 | $6M | 0.3% | 2026-Q2 |
| ISLAY CAPITAL MANAGEMENT, LLC trimmed | 85,415 | $6M | 0.3% | 2026-Q2 |
| HIGHLINE WEALTH PARTNERS LLC added | 85,123 | $6M | 0.3% | 2026-Q2 |
| OLD MISSION CAPITAL LLC trimmed | 82,930 | $6M | 0.3% | 2026-Q2 |
| One Charles Private Wealth Services, LLC new | 82,719 | $6M | 0.3% | 2026-Q2 |
| Sunrise Financial Services, LLC added | 82,066 | $6M | 0.3% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 81,863 | $6M | 0.3% | 2026-Q2 |
| Piedmont Capital Management, LLC added | 75,263 | $5M | 0.2% | 2026-Q2 |
| Mariner, LLC trimmed | 73,717 | $5M | 0.2% | 2026-Q2 |
| INSIGNEO ADVISORY SERVICES, LLC new | 71,505 | $5M | 0.2% | 2026-Q2 |
| Oath Planning, LLC trimmed | 69,913 | $5M | 0.2% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 63,574 | $5M | 0.2% | 2026-Q2 |
| Vise Technologies, Inc. added | 62,077 | $5M | 0.2% | 2026-Q2 |
| Meridian Wealth Management, LLC added | 60,688 | $4M | 0.2% | 2026-Q2 |
| 1620 INVESTMENT ADVISORS, INC. trimmed | 59,857 | $4M | 0.2% | 2026-Q2 |
| Per Stirling Capital Management, LLC. added | 59,836 | $4M | 0.2% | 2026-Q2 |
| MAI Capital Management added | 59,649 | $4M | 0.2% | 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.