Who owns FSMB
Which tracked institutional funds hold FSMB, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FSMB 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
32 tracked funds added or opened FSMB while 12 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
FSMB’s largest tracked holder by dollar value, MORGAN STANLEY, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes FSMB more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in FSMB 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 133 tracked filers holding FSMB, 80 increased or opened the position and 51 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 FSMB 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 7
- Waverly Advisors, LLC$14M
- VAQUERO PRIVATE WEALTH, LTD$12M
- XML Financial, LLC$10M
- Elequin Capital, LP$3M
- CARY STREET PARTNERS FINANCIAL LLC$2M
- Copper Harbor Investment Advisors, LLC$2M
Full exits 7
- HighTower Advisors, LLC$19M
- TruWealth Advisors, LLC$13M
- Cambridge Investment Research Advisors, Inc.$6M
- Independent Advisor Alliance$2M
- Security Financial Services, INC.$1M
- Summit Financial, LLC$1M
Largest adds
- COMMONWEALTH EQUITY SERVICES, LLC$9M
- NewEdge Advisors, LLC$7M
- OSAIC HOLDINGS, INC.$5M
- LPL Financial LLC$5M
- Principle Wealth Partners LLC$4M
- RAYMOND JAMES FINANCIAL INC$4M
Largest trims
- Corient Private Wealth LP$4M
- GOLDMAN SACHS GROUP INC$4M
- Gateway Wealth Partners, LLC$1M
- Sowell Financial Services LLC$496K
- STEPHENS INC /AR/$403K
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 |
|---|---|---|---|---|
| MORGAN STANLEY added | 5,246,393 | $105M | 21.2% | 2026-Q2 |
| LPL Financial LLC added | 2,496,609 | $50M | 10.1% | 2026-Q2 |
| RMR Wealth Builders added | 1,151,454 | $23M | 4.7% | 2026-Q2 |
| Corient Private Wealth LP trimmed | 857,020 | $17M | 3.5% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 730,841 | $15M | 3.0% | 2026-Q2 |
| UBS Group AG added | 713,289 | $14M | 2.9% | 2026-Q2 |
| Waverly Advisors, LLC new | 701,965 | $14M | 2.8% | 2026-Q2 |
| PFS Partners, LLC trimmed | 674,660 | $13M | 2.7% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 657,968 | $13M | 2.7% | 2026-Q2 |
| VAQUERO PRIVATE WEALTH, LTD new | 601,749 | $12M | 2.4% | 2026-Q2 |
| Cetera Investment Advisers added | 593,655 | $12M | 2.4% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 523,415 | $10M | 2.1% | 2026-Q2 |
| XML Financial, LLC new | 519,295 | $10M | 2.1% | 2026-Q2 |
| NewEdge Advisors, LLC added | 511,049 | $10M | 2.1% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 447,272 | $9M | 1.8% | 2026-Q2 |
| EnRich Financial Partners LLC added | 440,062 | $9M | 1.8% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 418,603 | $8M | 1.7% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 389,403 | $8M | 1.6% | 2026-Q2 |
| Francis Financial, Inc. added | 357,852 | $7M | 1.4% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 354,639 | $7M | 1.4% | 2026-Q2 |
| Per Stirling Capital Management, LLC. added | 314,616 | $6M | 1.3% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 297,628 | $6M | 1.2% | 2026-Q2 |
| Allworth Financial LP added | 283,413 | $6M | 1.1% | 2026-Q2 |
| Nilsine Partners, LLC trimmed | 281,292 | $6M | 1.1% | 2026-Q2 |
| CONDOR CAPITAL MANAGEMENT trimmed | 248,150 | $5M | 1.0% | 2026-Q2 |
| True Blue Financial, LLC added | 238,019 | $5M | 1.0% | 2026-Q2 |
| Principle Wealth Partners LLC added | 231,493 | $5M | 0.9% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 221,365 | $4M | 0.9% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 200,133 | $4M | 0.8% | 2026-Q2 |
| Gateway Wealth Partners, LLC trimmed | 176,814 | $4M | 0.7% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 158,133 | $3M | 0.6% | 2026-Q2 |
| IFP Advisors, Inc trimmed | 136,134 | $3M | 0.6% | 2026-Q2 |
| RFG Advisory, LLC added | 133,263 | $3M | 0.5% | 2026-Q2 |
| Elequin Capital, LP added | 133,130 | $3M | 0.5% | 2026-Q2 |
| CARY STREET PARTNERS FINANCIAL LLC new | 122,620 | $2M | 0.5% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 121,636 | $2M | 0.5% | 2026-Q2 |
| Copper Harbor Investment Advisors, LLC new | 119,960 | $2M | 0.5% | 2026-Q2 |
| Dynamic Advisor Solutions LLC added | 112,127 | $2M | 0.5% | 2026-Q2 |
| Sanctuary Advisors, LLC added | 108,917 | $2M | 0.4% | 2026-Q2 |
| Envestnet Portfolio Solutions, Inc. added | 103,456 | $2M | 0.4% | 2026-Q2 |
| Orion Porfolio Solutions, LLC trimmed | 101,268 | $2M | 0.4% | 2026-Q2 |
| MGO ONE SEVEN LLC added | 99,856 | $2M | 0.4% | 2026-Q2 |
| Tower Research Capital LLC (TRC) added | 92,068 | $2M | 0.4% | 2026-Q2 |
| Insight Inv LLC added | 91,485 | $2M | 0.4% | 2026-Q2 |
| Equitable Holdings, Inc. added | 88,077 | $2M | 0.4% | 2026-Q2 |
| Hobart Private Capital, LLC added | 86,093 | $2M | 0.3% | 2026-Q2 |
| STEPHENS INC /AR/ trimmed | 81,821 | $2M | 0.3% | 2026-Q2 |
| GENESIS PRIVATE WEALTH, LLC added | 79,646 | $2M | 0.3% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 77,860 | $2M | 0.3% | 2026-Q2 |
| Vestmark Advisory Solutions, Inc. trimmed | 76,789 | $2M | 0.3% | 2026-Q2 |
| ELEVATION POINT WEALTH PARTNERS, LLC trimmed | 76,789 | $2M | 0.3% | 2026-Q2 |
| ARBOR CAPITAL MANAGEMENT INC /ADV added | 69,922 | $1M | 0.3% | 2026-Q2 |
| Occidental Asset Management, LLC added | 66,358 | $1M | 0.3% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 63,793 | $1M | 0.3% | 2026-Q2 |
| Mutual Advisors, LLC trimmed | 63,393 | $1M | 0.3% | 2026-Q2 |
| AVAII WEALTH MANAGEMENT, LLC trimmed | 54,126 | $1M | 0.2% | 2026-Q2 |
| Private Advisor Group, LLC added | 53,824 | $1M | 0.2% | 2026-Q2 |
| Stratos Wealth Partners, LTD. added | 53,421 | $1M | 0.2% | 2026-Q2 |
| Prospera Financial Services Inc added | 49,457 | $989K | 0.2% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 48,334 | $966K | 0.2% | 2026-Q2 |
| Pine Valley Investments Ltd Liability Co trimmed | 47,755 | $955K | 0.2% | 2026-Q2 |
| CASTLE WEALTH MANAGEMENT LLC trimmed | 46,210 | $924K | 0.2% | 2026-Q2 |
| FSB PREMIER WEALTH MANAGEMENT, INC. trimmed | 45,214 | $904K | 0.2% | 2026-Q2 |
| JAMES INVESTMENT RESEARCH, INC. | 42,880 | $857K | 0.2% | 2026-Q2 |
| Concurrent Investment Advisors, LLC added | 40,125 | $802K | 0.2% | 2026-Q2 |
| Sowell Financial Services LLC trimmed | 38,832 | $776K | 0.2% | 2026-Q2 |
| STONEHAVEN WEALTH & TAX SOLUTIONS, LLC added | 37,500 | $750K | 0.2% | 2026-Q2 |
| Keating Financial Advisory Services, Inc. added | 36,797 | $736K | 0.1% | 2026-Q2 |
| D.A. DAVIDSON & CO. trimmed | 35,627 | $712K | 0.1% | 2026-Q2 |
| TRUST CO OF OKLAHOMA | 33,343 | $667K | 0.1% | 2026-Q2 |
| KESTRA PRIVATE WEALTH SERVICES, LLC trimmed | 33,229 | $664K | 0.1% | 2026-Q2 |
| Norris Financial Group, LLC | 32,353 | $647K | 0.1% | 2026-Q2 |
| DAYMARK WEALTH PARTNERS, LLC added | 31,717 | $634K | 0.1% | 2026-Q2 |
| Eldridge Investment Advisors, Inc. | 31,491 | $630K | 0.1% | 2026-Q2 |
| CAPITAL FINANCIAL GROUP INC\CO\ /ADV added | 31,165 | $623K | 0.1% | 2026-Q2 |
| Sigma Planning Corp trimmed | 30,142 | $603K | 0.1% | 2026-Q2 |
| INSPIRION WEALTH ADVISORS, LLC trimmed | 29,870 | $597K | 0.1% | 2026-Q2 |
| IHT Wealth Management, LLC new | 29,104 | $582K | 0.1% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 28,821 | $576K | 0.1% | 2026-Q2 |
| Foster Victor Wealth Advisors, LLC added | 27,768 | $555K | 0.1% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. added | 24,513 | $490K | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 24,445 | $489K | 0.1% | 2026-Q2 |
| GeoWealth Management, LLC new | 24,129 | $482K | 0.1% | 2026-Q2 |
| Summit Wealth Partners, LLC added | 23,542 | $471K | 0.1% | 2026-Q2 |
| World Investment Advisors | 22,407 | $447K | 0.1% | 2026-Q2 |
| OneDigital Investment Advisors LLC added | 22,039 | $441K | 0.1% | 2026-Q2 |
| ONE PLUS ONE WEALTH MANAGEMENT, LLC | 21,119 | $422K | 0.1% | 2026-Q2 |
| &PARTNERS added | 20,234 | $404K | 0.1% | 2026-Q2 |
| Capital Investment Advisory Services, LLC trimmed | 19,450 | $389K | 0.1% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 18,302 | $366K | 0.1% | 2026-Q2 |
| Uniting Wealth Partners, LLC | 17,626 | $352K | 0.1% | 2026-Q2 |
| BENJAMIN EDWARDS INC new | 17,258 | $345K | 0.1% | 2026-Q2 |
| NOVEM GROUP trimmed | 16,900 | $338K | 0.1% | 2026-Q2 |
| AE Wealth Management LLC added | 16,883 | $337K | 0.1% | 2026-Q2 |
| Keystone Wealth Services, LLC | 16,500 | $330K | 0.1% | 2026-Q2 |
| WealthCare Investment Partners, LLC trimmed | 16,252 | $325K | 0.1% | 2026-Q2 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC added | 15,013 | $300K | 0.1% | 2026-Q2 |
| Arkadios Wealth Advisors new | 14,427 | $288K | 0.1% | 2026-Q2 |
| Brookstone Capital Management added | 14,403 | $288K | 0.1% | 2026-Q2 |
| Snowden Capital Advisors LLC trimmed | 14,091 | $282K | 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.