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-Q1 13F filings (latest filed 2026-05-28). 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
10 tracked funds added or opened FSEP while 20 trimmed or exited it between 2025-Q4 and 2026-Q1 — 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 0.7% of its own reported 13F book, while the median holder sizes it at 0.1% 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 2025-Q4 and 2026-Q1, across 152 tracked filers holding FSEP, 46 increased or opened the position and 80 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 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 5
- Wealthcare Advisory Partners LLC$37M
- Keystone Wealth Services, LLC$5M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$1M
- VestGen Advisors, LLC$1M
- Concurrent Investment Advisors, LLC$796K
Full exits 4
- Schulz Wealth, LTD.$5M
- Oakmont Advisory Group, LLC$823K
- C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors$746K
- Main Street Financial Solutions, LLC$684K
Largest adds
- ASSETMARK, INC$1M
- Kestra Advisory Services, LLC$752K
- Rockefeller Capital Management L.P.$628K
- Mariner, LLC$389K
- HARBOUR INVESTMENTS, INC.$361K
Largest trims
- COMMONWEALTH EQUITY SERVICES, LLC$5M
- CWM, LLC$2M
- OSAIC HOLDINGS, INC.$2M
- ENVESTNET ASSET MANAGEMENT INC$2M
- RAYMOND JAMES FINANCIAL INC$1M
- Cetera Investment Advisers$1M
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 |
|---|---|---|---|---|
| Wealthcare Advisory Partners LLC new | 733,902 | $37M | 12.0% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 487,954 | $25M | 8.0% | 2026-Q1 |
| CWM, LLC trimmed | 425,054 | $21M | 6.9% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 368,071 | $19M | 6.0% | 2026-Q1 |
| ASSETMARK, INC added | 279,992 | $14M | 4.6% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 278,924 | $14M | 4.6% | 2026-Q1 |
| LPL Financial LLC trimmed | 240,643 | $12M | 3.9% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 203,062 | $10M | 3.3% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 196,084 | $10M | 3.2% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 162,442 | $8M | 2.7% | 2026-Q1 |
| Atria Investments, Inc added | 145,836 | $7M | 2.4% | 2026-Q1 |
| REAP Financial Group, LLC trimmed | 137,965 | $7M | 2.3% | 2026-Q1 |
| Strategic Blueprint, LLC added | 103,767 | $5M | 1.7% | 2026-Q1 |
| Keystone Wealth Services, LLC trimmed | 94,282 | $5M | 1.5% | 2026-Q1 |
| BAM Wealth Management, LLC trimmed | 85,378 | $4M | 1.4% | 2026-Q1 |
| 1776 Wealth LLC | 73,408 | $4M | 1.2% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. added | 73,132 | $4M | 1.2% | 2026-Q1 |
| Prospera Financial Services Inc added | 69,445 | $3M | 1.1% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 68,367 | $3M | 1.1% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC added | 67,683 | $3M | 1.1% | 2026-Q1 |
| CreativeOne Wealth, LLC trimmed | 67,339 | $3M | 1.1% | 2026-Q1 |
| Fragasso Financial Advisors Inc trimmed | 61,298 | $3M | 1.0% | 2026-Q1 |
| Integrity Financial Corp /WA trimmed | 43,044 | $2M | 0.7% | 2026-Q1 |
| ERn Financial, LLC trimmed | 43,025 | $2M | 0.7% | 2026-Q1 |
| Signal Advisors Wealth, LLC added | 37,727 | $2M | 0.6% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC trimmed | 36,696 | $2M | 0.6% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 34,374 | $2M | 0.6% | 2026-Q1 |
| Gerber Kawasaki Wealth & Investment Management trimmed | 32,273 | $2M | 0.5% | 2026-Q1 |
| Sloy Dahl & Holst, LLC | 30,482 | $2M | 0.5% | 2026-Q1 |
| FOUNDERS FINANCIAL SECURITIES LLC added | 28,755 | $1M | 0.5% | 2026-Q1 |
| FWG Investments, LLC. trimmed | 28,875 | $1M | 0.5% | 2026-Q1 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC added | 27,850 | $1M | 0.5% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 27,146 | $1M | 0.4% | 2026-Q1 |
| McKinley Carter Wealth Services, Inc. | 26,406 | $1M | 0.4% | 2026-Q1 |
| TRUIST FINANCIAL CORP trimmed | 25,955 | $1M | 0.4% | 2026-Q1 |
| Mariner, LLC added | 25,452 | $1M | 0.4% | 2026-Q1 |
| Bleakley Financial Group, LLC | 24,698 | $1M | 0.4% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 24,570 | $1M | 0.4% | 2026-Q1 |
| BECK CAPITAL MANAGEMENT, LLC added | 24,471 | $1M | 0.4% | 2026-Q1 |
| Octavia Wealth Advisors, LLC trimmed | 24,451 | $1M | 0.4% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 24,064 | $1M | 0.4% | 2026-Q1 |
| Accel Wealth Management | 23,180 | $1M | 0.4% | 2026-Q1 |
| LEGACY SOLUTIONS, LLC | 23,088 | $1M | 0.4% | 2026-Q1 |
| American Alpha Advisors, LLC trimmed | 22,460 | $1M | 0.4% | 2026-Q1 |
| MGO ONE SEVEN LLC trimmed | 22,019 | $1M | 0.4% | 2026-Q1 |
| FSB PREMIER WEALTH MANAGEMENT, INC. trimmed | 21,709 | $1M | 0.4% | 2026-Q1 |
| Wood Tarver Financial Group, LLC added | 21,542 | $1M | 0.4% | 2026-Q1 |
| CENTAURUS FINANCIAL, INC. | 21,113 | $1M | 0.3% | 2026-Q1 |
| VestGen Advisors, LLC new | 18,932 | $1M | 0.3% | 2026-Q1 |
| THOROUGHBRED FINANCIAL SERVICES, LLC trimmed | 20,101 | $1M | 0.3% | 2026-Q1 |
| Clear Creek Financial Management, LLC trimmed | 19,179 | $965K | 0.3% | 2026-Q1 |
| INTEGRITY ALLIANCE, LLC. trimmed | 18,900 | $951K | 0.3% | 2026-Q1 |
| SILVER OAK SECURITIES, INCORPORATED trimmed | 18,865 | $949K | 0.3% | 2026-Q1 |
| COZAD ASSET MANAGEMENT INC added | 18,767 | $945K | 0.3% | 2026-Q1 |
| VestGen Investment Management trimmed | 17,673 | $889K | 0.3% | 2026-Q1 |
| DHJJ Financial Advisors, Ltd. trimmed | 17,587 | $885K | 0.3% | 2026-Q1 |
| BEACON FINANCIAL GROUP trimmed | 17,465 | $879K | 0.3% | 2026-Q1 |
| CoreCap Advisors, LLC trimmed | 17,152 | $863K | 0.3% | 2026-Q1 |
| Gallagher Fiduciary Advisors, LLC trimmed | 16,298 | $820K | 0.3% | 2026-Q1 |
| WEALTHGARDEN F.S. LLC | 16,156 | $813K | 0.3% | 2026-Q1 |
| Sanctuary Advisors, LLC trimmed | 16,137 | $812K | 0.3% | 2026-Q1 |
| Concurrent Investment Advisors, LLC new | 15,812 | $796K | 0.3% | 2026-Q1 |
| KINGSWOOD WEALTH ADVISORS, LLC | 15,655 | $788K | 0.3% | 2026-Q1 |
| Beacon Pointe Advisors, LLC trimmed | 15,585 | $784K | 0.3% | 2026-Q1 |
| RFG Advisory, LLC added | 15,456 | $778K | 0.3% | 2026-Q1 |
| Foundations Investment Advisors, LLC trimmed | 13,981 | $704K | 0.2% | 2026-Q1 |
| Merit Financial Group, LLC trimmed | 13,814 | $695K | 0.2% | 2026-Q1 |
| KINTRA WEALTH, LLC added | 13,677 | $688K | 0.2% | 2026-Q1 |
| SWMG, LLC | 13,621 | $686K | 0.2% | 2026-Q1 |
| Brookstone Capital Management trimmed | 13,302 | $669K | 0.2% | 2026-Q1 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC added | 13,285 | $668K | 0.2% | 2026-Q1 |
| Harvest Investment Services, LLC trimmed | 13,137 | $661K | 0.2% | 2026-Q1 |
| ACT Advisors, LLC. | 12,468 | $628K | 0.2% | 2026-Q1 |
| Ignite Planners, LLC trimmed | 12,017 | $605K | 0.2% | 2026-Q1 |
| Chris Bulman Inc trimmed | 11,585 | $583K | 0.2% | 2026-Q1 |
| Mutual Advisors, LLC trimmed | 11,544 | $581K | 0.2% | 2026-Q1 |
| WORLD EQUITY GROUP, INC. trimmed | 11,215 | $564K | 0.2% | 2026-Q1 |
| Keating Financial Advisory Services, Inc. added | 10,436 | $525K | 0.2% | 2026-Q1 |
| OLD MISSION CAPITAL LLC trimmed | 10,324 | $520K | 0.2% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. trimmed | 10,230 | $515K | 0.2% | 2026-Q1 |
| Sunbelt Securities, Inc. added | 10,221 | $514K | 0.2% | 2026-Q1 |
| Ameritas Advisory Services, LLC added | 9,832 | $495K | 0.2% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 9,656 | $486K | 0.2% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC new | 9,492 | $478K | 0.2% | 2026-Q1 |
| NOVEM GROUP trimmed | 9,125 | $459K | 0.1% | 2026-Q1 |
| Snowden Capital Advisors LLC added | 9,123 | $459K | 0.1% | 2026-Q1 |
| PARK AVENUE SECURITIES LLC added | 8,834 | $445K | 0.1% | 2026-Q1 |
| DIVERSIFY WEALTH MANAGEMENT, LLC new | 8,283 | $441K | 0.1% | 2026-Q1 |
| Bison Wealth, LLC trimmed | 114,248 | $5M | 1.8% | 2025-Q2 stale |
| Schulz Wealth, LTD. trimmed | 102,053 | $5M | 1.7% | 2025-Q4 stale |
| JANE STREET GROUP, LLC added | 59,105 | $3M | 1.0% | 2025-Q3 stale |
| Atria Wealth Solutions, Inc. trimmed | 36,097 | $2M | 0.5% | 2025-Q1 stale |
| McCarthy & Cox | 17,656 | $892K | 0.3% | 2025-Q3 stale |
| Oakmont Advisory Group, LLC new | 15,952 | $823K | 0.3% | 2025-Q4 stale |
| SeaCrest Wealth Management, LLC | 16,831 | $750K | 0.2% | 2025-Q1 stale |
| C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors trimmed | 14,470 | $746K | 0.2% | 2025-Q4 stale |
| Lion Street Advisors, LLC | 14,900 | $715K | 0.2% | 2025-Q2 stale |
| Main Street Financial Solutions, LLC trimmed | 13,266 | $684K | 0.2% | 2025-Q4 stale |
| Motiv8 Investments LLC trimmed | 9,327 | $481K | 0.2% | 2025-Q4 stale |
| HRT FINANCIAL LP added | 10,112 | $450K | 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.