Who owns FSEP
Which tracked institutional funds hold FSEP, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FSEP company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-26). 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
18 tracked funds added or opened FSEP while 24 trimmed or exited it between 2026-Q1 and 2026-Q2 — 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
FSEP’s largest tracked holder by dollar value, Wealthcare Advisory Partners LLC, sizes it at 0.8% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.7pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in FSEP 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 140 tracked filers holding FSEP, 36 increased or opened the position and 91 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 FSEP 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 3
- Schulz Wealth, LTD.$6M
- GOLDMAN SACHS GROUP INC$680K
- FIDUCIARY FINANCIAL ADVISORS$638K
Full exits 15
- CWM, LLC$21M
- Atria Investments, Inc$7M
- BAM Wealth Management, LLC$4M
- Cambridge Investment Research Advisors, Inc.$3M
- Janney Montgomery Scott LLC$1M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$1M
Largest adds
- Wealthcare Advisory Partners LLC$4M
- OLD MISSION CAPITAL LLC$3M
- OSAIC HOLDINGS, INC.$2M
- ASSETMARK, INC$2M
- MML INVESTORS SERVICES, LLC$1M
- Ameritas Advisory Services, LLC$727K
Largest trims
- ENVESTNET ASSET MANAGEMENT INC$14M
- Cetera Investment Advisers$7M
- CreativeOne Wealth, LLC$3M
- Kestra Advisory Services, LLC$2M
- Strategic Blueprint, LLC$555K
- Signal Advisors Wealth, LLC$546K
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 |
|---|---|---|---|---|
| Wealthcare Advisory Partners LLC added | 741,908 | $41M | 16.5% | 2026-Q2 |
| ASSETMARK, INC added | 298,150 | $16M | 6.6% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 297,940 | $16M | 6.6% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 217,847 | $12M | 4.8% | 2026-Q2 |
| LPL Financial LLC trimmed | 212,430 | $12M | 4.7% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 196,805 | $11M | 4.4% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 191,163 | $11M | 4.2% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 182,416 | $10M | 4.1% | 2026-Q2 |
| REAP Financial Group, LLC trimmed | 125,551 | $7M | 2.8% | 2026-Q2 |
| Kestra Advisory Services, LLC trimmed | 110,990 | $6M | 2.5% | 2026-Q2 |
| Schulz Wealth, LTD. added | 103,086 | $6M | 2.3% | 2026-Q2 |
| Keystone Wealth Services, LLC trimmed | 93,482 | $5M | 2.1% | 2026-Q2 |
| Strategic Blueprint, LLC trimmed | 84,737 | $5M | 1.9% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 84,069 | $5M | 1.9% | 2026-Q2 |
| 1776 Wealth LLC | 73,408 | $4M | 1.6% | 2026-Q2 |
| Prospera Financial Services Inc trimmed | 69,160 | $4M | 1.5% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. trimmed | 67,191 | $4M | 1.5% | 2026-Q2 |
| Fragasso Financial Advisors Inc trimmed | 60,522 | $3M | 1.3% | 2026-Q2 |
| OLD MISSION CAPITAL LLC added | 58,463 | $3M | 1.3% | 2026-Q2 |
| ERn Financial, LLC trimmed | 42,838 | $2M | 1.0% | 2026-Q2 |
| Integrity Financial Corp /WA trimmed | 42,121 | $2M | 0.9% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC trimmed | 34,882 | $2M | 0.8% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 32,507 | $2M | 0.7% | 2026-Q2 |
| Gerber Kawasaki Wealth & Investment Management trimmed | 31,873 | $2M | 0.7% | 2026-Q2 |
| BECK CAPITAL MANAGEMENT, LLC added | 30,503 | $2M | 0.7% | 2026-Q2 |
| Sloy Dahl & Holst, LLC | 30,482 | $2M | 0.7% | 2026-Q2 |
| FOUNDERS FINANCIAL SECURITIES LLC added | 30,388 | $2M | 0.7% | 2026-Q2 |
| FWG Investments, LLC. trimmed | 28,845 | $2M | 0.6% | 2026-Q2 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC trimmed | 27,803 | $2M | 0.6% | 2026-Q2 |
| McKinley Carter Wealth Services, Inc. | 26,406 | $1M | 0.6% | 2026-Q2 |
| Mariner, LLC added | 25,721 | $1M | 0.6% | 2026-Q2 |
| Bleakley Financial Group, LLC | 24,698 | $1M | 0.5% | 2026-Q2 |
| Signal Advisors Wealth, LLC trimmed | 24,564 | $1M | 0.5% | 2026-Q2 |
| Octavia Wealth Advisors, LLC | 24,451 | $1M | 0.5% | 2026-Q2 |
| American Alpha Advisors, LLC trimmed | 22,437 | $1M | 0.5% | 2026-Q2 |
| Ameritas Advisory Services, LLC added | 22,189 | $1M | 0.5% | 2026-Q2 |
| Accel Wealth Management trimmed | 21,691 | $1M | 0.5% | 2026-Q2 |
| FSB PREMIER WEALTH MANAGEMENT, INC. trimmed | 21,678 | $1M | 0.5% | 2026-Q2 |
| MGO ONE SEVEN LLC trimmed | 21,609 | $1M | 0.5% | 2026-Q2 |
| LEGACY SOLUTIONS, LLC trimmed | 20,674 | $1M | 0.5% | 2026-Q2 |
| TRUIST FINANCIAL CORP trimmed | 19,824 | $1M | 0.4% | 2026-Q2 |
| Clear Creek Financial Management, LLC | 19,179 | $1M | 0.4% | 2026-Q2 |
| SILVER OAK SECURITIES, INCORPORATED | 18,865 | $1M | 0.4% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 17,966 | $989K | 0.4% | 2026-Q2 |
| CoreCap Advisors, LLC added | 17,554 | $967K | 0.4% | 2026-Q2 |
| RFG Advisory, LLC added | 17,344 | $955K | 0.4% | 2026-Q2 |
| DHJJ Financial Advisors, Ltd. trimmed | 17,108 | $942K | 0.4% | 2026-Q2 |
| INTEGRITY ALLIANCE, LLC. trimmed | 16,900 | $931K | 0.4% | 2026-Q2 |
| Sanctuary Advisors, LLC | 16,137 | $889K | 0.4% | 2026-Q2 |
| Concurrent Investment Advisors, LLC trimmed | 15,747 | $867K | 0.3% | 2026-Q2 |
| Beacon Pointe Advisors, LLC trimmed | 15,182 | $836K | 0.3% | 2026-Q2 |
| BEACON FINANCIAL GROUP trimmed | 14,563 | $802K | 0.3% | 2026-Q2 |
| Foundations Investment Advisors, LLC trimmed | 13,968 | $769K | 0.3% | 2026-Q2 |
| CreativeOne Wealth, LLC trimmed | 13,881 | $765K | 0.3% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 13,815 | $758K | 0.3% | 2026-Q2 |
| KINGSWOOD WEALTH ADVISORS, LLC trimmed | 13,755 | $758K | 0.3% | 2026-Q2 |
| KINTRA WEALTH, LLC | 13,677 | $772K | 0.3% | 2026-Q2 |
| SWMG, LLC | 13,621 | $755K | 0.3% | 2026-Q2 |
| Harvest Investment Services, LLC trimmed | 12,799 | $705K | 0.3% | 2026-Q2 |
| ACT Advisors, LLC. | 12,468 | $687K | 0.3% | 2026-Q2 |
| TFB Advisors LLC added | 12,459 | $686K | 0.3% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 12,353 | $680K | 0.3% | 2026-Q2 |
| Main Street Financial Solutions, LLC trimmed | 11,896 | $655K | 0.3% | 2026-Q2 |
| NewEdge Advisors, LLC trimmed | 11,671 | $643K | 0.3% | 2026-Q2 |
| Ignite Planners, LLC trimmed | 11,645 | $641K | 0.3% | 2026-Q2 |
| FIDUCIARY FINANCIAL ADVISORS new | 11,585 | $638K | 0.3% | 2026-Q2 |
| Chris Bulman Inc trimmed | 11,471 | $632K | 0.3% | 2026-Q2 |
| Mutual Advisors, LLC trimmed | 11,337 | $624K | 0.3% | 2026-Q2 |
| Focus Partners Wealth added | 10,900 | $600K | 0.2% | 2026-Q2 |
| Keating Financial Advisory Services, Inc. trimmed | 10,356 | $570K | 0.2% | 2026-Q2 |
| PNC Financial Services Group, Inc. trimmed | 10,217 | $563K | 0.2% | 2026-Q2 |
| Merit Financial Group, LLC trimmed | 10,142 | $559K | 0.2% | 2026-Q2 |
| MORGAN STANLEY added | 9,550 | $526K | 0.2% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC | 9,492 | $523K | 0.2% | 2026-Q2 |
| Snowden Capital Advisors LLC added | 9,323 | $514K | 0.2% | 2026-Q2 |
| NOVEM GROUP | 9,125 | $503K | 0.2% | 2026-Q2 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC trimmed | 8,864 | $488K | 0.2% | 2026-Q2 |
| DIVERSIFY WEALTH MANAGEMENT, LLC | 8,283 | $457K | 0.2% | 2026-Q2 |
| Diversify Advisory Services, LLC added | 8,283 | $457K | 0.2% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 8,106 | $450K | 0.2% | 2026-Q2 |
| INSIGNEO ADVISORY SERVICES, LLC | 7,494 | $413K | 0.2% | 2026-Q2 |
| KESTRA PRIVATE WEALTH SERVICES, LLC trimmed | 7,440 | $410K | 0.2% | 2026-Q2 |
| Summit Wealth Partners, LLC | 7,314 | $403K | 0.2% | 2026-Q2 |
| AE Wealth Management LLC trimmed | 7,239 | $399K | 0.2% | 2026-Q2 |
| STEPHENS INC /AR/ | 6,702 | $369K | 0.1% | 2026-Q2 |
| StoneX Group Inc. new | 6,473 | $353K | 0.1% | 2026-Q2 |
| Apollon Wealth Management, LLC | 6,220 | $343K | 0.1% | 2026-Q2 |
| Sowell Financial Services LLC trimmed | 6,133 | $338K | 0.1% | 2026-Q2 |
| Share Andrew L. | 6,000 | $330K | 0.1% | 2026-Q2 |
| Allie Family Office LLC | 5,950 | $328K | 0.1% | 2026-Q2 |
| SOA Wealth Advisors, LLC. trimmed | 5,813 | $315K | 0.1% | 2026-Q2 |
| TopTier Wealth Management, LLC trimmed | 5,741 | $316K | 0.1% | 2026-Q2 |
| FIRST TRUST ADVISORS LP trimmed | 5,545 | $305K | 0.1% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 5,520 | $304K | 0.1% | 2026-Q2 |
| ARBOR CAPITAL MANAGEMENT INC /ADV trimmed | 5,498 | $302K | 0.1% | 2026-Q2 |
| WEALTHGARDEN F.S. LLC trimmed | 5,326 | $293K | 0.1% | 2026-Q2 |
| Gateway Wealth Partners, LLC trimmed | 5,109 | $281K | 0.1% | 2026-Q2 |
| BROWN WEALTH MANAGEMENT, LLC | 5,100 | $281K | 0.1% | 2026-Q2 |
| MBL Wealth, LLC added | 5,076 | $280K | 0.1% | 2026-Q2 |
| Csenge Advisory Group trimmed | 5,044 | $278K | 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.