Who owns FSMD
Which tracked institutional funds hold FSMD, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FSMD company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-20). 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 FSMD is one-sided between 2026-Q1 and 2026-Q2: 71 added or opened and 12 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
FSMD’s largest tracked holder by dollar value, FMR LLC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.0pp gap the other way — the median holder sizes FSMD more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in FSMD 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 180 tracked filers holding FSMD, 113 increased or opened the position and 69 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 FSMD 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
- J.W. COLE ADVISORS, INC.$3M
- Schuylkill Financial LLC$2M
- Gladstone Institutional Advisory LLC$2M
- Bank of New York Mellon Corp$952K
- Diversify Advisory Services, LLC$758K
- Savant Capital, LLC$520K
Full exits 5
- Cambridge Investment Research Advisors, Inc.$8M
- Independent Advisor Alliance$6M
- Sterling Manor Financial, LLC$5M
- Hilltop Holdings Inc.$1M
- Capital Analysts, LLC$552K
Largest adds
- FMR LLC$97M
- Retirement Planning Group, LLC$63M
- COMMONWEALTH EQUITY SERVICES, LLC$32M
- ENVESTNET ASSET MANAGEMENT INC$31M
- Kestra Investment Management, LLC$21M
- LPL Financial LLC$18M
Largest trims
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$4M
- TWO SIGMA INVESTMENTS, LP$4M
- STIFEL FINANCIAL CORP$3M
- CITADEL ADVISORS LLC$1M
- GOLDMAN SACHS GROUP INC$1M
- Van Hulzen Asset Management, LLC$1M
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 |
|---|---|---|---|---|
| FMR LLC trimmed | 16,109,104 | $851M | 38.0% | 2026-Q2 |
| Retirement Planning Group, LLC added | 5,565,941 | $294M | 13.1% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 3,396,903 | $180M | 8.0% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 2,369,532 | $125M | 5.6% | 2026-Q2 |
| Kestra Investment Management, LLC added | 1,439,993 | $76M | 3.4% | 2026-Q2 |
| LPL Financial LLC added | 1,367,259 | $72M | 3.2% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 1,355,242 | $72M | 3.2% | 2026-Q2 |
| Sanctuary Advisors, LLC added | 867,190 | $46M | 2.0% | 2026-Q2 |
| Atria Investments, Inc trimmed | 746,717 | $39M | 1.8% | 2026-Q2 |
| Advocacy Wealth Management, LLC added | 616,638 | $33M | 1.5% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 595,405 | $31M | 1.4% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 565,584 | $30M | 1.3% | 2026-Q2 |
| Kestra Advisory Services, LLC trimmed | 485,327 | $26M | 1.1% | 2026-Q2 |
| OneDigital Investment Advisors LLC added | 481,970 | $25M | 1.1% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 460,977 | $24M | 1.1% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 406,742 | $22M | 1.0% | 2026-Q2 |
| LIBERTY SQUARE WEALTH PARTNERS LLC added | 356,575 | $19M | 0.8% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 354,956 | $19M | 0.8% | 2026-Q2 |
| Goldstone Financial Group, LLC trimmed | 353,428 | $19M | 0.8% | 2026-Q2 |
| GEN Financial Management, INC. trimmed | 297,441 | $16M | 0.7% | 2026-Q2 |
| AssuredPartners Investment Advisors, LLC added | 248,292 | $13M | 0.6% | 2026-Q2 |
| Presper Financial Architects, LLC trimmed | 246,489 | $13M | 0.6% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC trimmed | 200,971 | $11M | 0.5% | 2026-Q2 |
| Prasad Wealth Partners, LLC added | 197,968 | $10M | 0.5% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 186,664 | $10M | 0.4% | 2026-Q2 |
| Farther Finance Advisors, LLC trimmed | 184,870 | $10M | 0.4% | 2026-Q2 |
| Bravera Wealth added | 164,967 | $9M | 0.4% | 2026-Q2 |
| Provident Wealth Management, LLC trimmed | 163,496 | $9M | 0.4% | 2026-Q2 |
| Advisory Services Network, LLC trimmed | 149,284 | $8M | 0.4% | 2026-Q2 |
| FSA WEALTH PARTNERS, INC. added | 133,818 | $7M | 0.3% | 2026-Q2 |
| Evergreen Private Wealth LLC added | 126,854 | $7M | 0.3% | 2026-Q2 |
| Laurel Wealth Planning LLC added | 98,015 | $5M | 0.2% | 2026-Q2 |
| Faithward Advisors, LLC added | 90,309 | $5M | 0.2% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 88,818 | $5M | 0.2% | 2026-Q2 |
| KESTRA PRIVATE WEALTH SERVICES, LLC added | 85,829 | $5M | 0.2% | 2026-Q2 |
| Trademark Financial Management, LLC added | 85,635 | $5M | 0.2% | 2026-Q2 |
| Fortitude Financial, LLC trimmed | 79,495 | $4M | 0.2% | 2026-Q2 |
| Emerald Advisors, LLC added | 64,562 | $3M | 0.2% | 2026-Q2 |
| J.W. COLE ADVISORS, INC. added | 62,141 | $3M | 0.1% | 2026-Q2 |
| &PARTNERS added | 61,151 | $3M | 0.1% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 60,138 | $3M | 0.1% | 2026-Q2 |
| NOVEM GROUP trimmed | 57,696 | $3M | 0.1% | 2026-Q2 |
| AE Wealth Management LLC added | 54,633 | $3M | 0.1% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP trimmed | 49,700 | $3M | 0.1% | 2026-Q2 |
| Van Hulzen Asset Management, LLC trimmed | 46,753 | $2M | 0.1% | 2026-Q2 |
| Schuylkill Financial LLC new | 44,336 | $2M | 0.1% | 2026-Q2 |
| Wealthcare Advisory Partners LLC added | 39,609 | $2M | 0.1% | 2026-Q2 |
| MONEY CONCEPTS CAPITAL CORP added | 39,373 | $2M | 0.1% | 2026-Q2 |
| Kuhn & Co Investment Counsel | 38,916 | $2M | 0.1% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 38,238 | $2M | 0.1% | 2026-Q2 |
| Gladstone Institutional Advisory LLC new | 37,294 | $2M | 0.1% | 2026-Q2 |
| Strategic Blueprint, LLC added | 36,183 | $2M | 0.1% | 2026-Q2 |
| IFP Advisors, Inc added | 34,667 | $2M | 0.1% | 2026-Q2 |
| GREAT VALLEY ADVISOR GROUP, INC. added | 34,170 | $2M | 0.1% | 2026-Q2 |
| Equitable Holdings, Inc. added | 33,431 | $2M | 0.1% | 2026-Q2 |
| Visionary Wealth Advisors added | 32,869 | $2M | 0.1% | 2026-Q2 |
| Riverbend Wealth Management, LLC added | 31,302 | $2M | 0.1% | 2026-Q2 |
| Mascagni Wealth Management, Inc. added | 31,137 | $2M | 0.1% | 2026-Q2 |
| INDEPENDENT FINANCIAL GROUP, LLC added | 30,360 | $2M | 0.1% | 2026-Q2 |
| Global Financial Private Client, LLC added | 29,349 | $2M | 0.1% | 2026-Q2 |
| HICKS CAPITAL MANAGEMENT LLC trimmed | 29,341 | $2M | 0.1% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 27,603 | $1M | 0.1% | 2026-Q2 |
| SHP Wealth Management added | 26,986 | $1M | 0.1% | 2026-Q2 |
| Concurrent Investment Advisors, LLC added | 26,377 | $1M | 0.1% | 2026-Q2 |
| Private Advisor Group, LLC added | 25,255 | $1M | 0.1% | 2026-Q2 |
| Nova Wealth Management, Inc. trimmed | 24,957 | $1M | 0.1% | 2026-Q2 |
| BG Investment Services, LLC added | 24,674 | $1M | 0.1% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 23,973 | $1M | 0.1% | 2026-Q2 |
| Roxbury Financial LLC added | 23,776 | $1M | 0.1% | 2026-Q2 |
| Merit Financial Group, LLC added | 22,243 | $1M | 0.1% | 2026-Q2 |
| Creative Planning added | 21,921 | $1M | 0.1% | 2026-Q2 |
| Spire Wealth Management trimmed | 19,868 | $1M | 0.0% | 2026-Q2 |
| Envestnet Portfolio Solutions, Inc. trimmed | 18,174 | $960K | 0.0% | 2026-Q2 |
| Bank of New York Mellon Corp new | 18,018 | $952K | 0.0% | 2026-Q2 |
| Focus Financial Network, Inc. added | 17,034 | $900K | 0.0% | 2026-Q2 |
| Summit Financial Wealth Advisors, LLC added | 17,015 | $899K | 0.0% | 2026-Q2 |
| Rehmann Capital Advisory Group | 16,961 | $896K | 0.0% | 2026-Q2 |
| PNC Financial Services Group, Inc. added | 16,187 | $855K | 0.0% | 2026-Q2 |
| Foundations Investment Advisors, LLC added | 15,672 | $828K | 0.0% | 2026-Q2 |
| Cedar Point Capital Partners, LLC added | 15,224 | $805K | 0.0% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 15,175 | $783K | 0.0% | 2026-Q2 |
| Diversify Advisory Services, LLC added | 14,873 | $758K | 0.0% | 2026-Q2 |
| DIVERSIFY WEALTH MANAGEMENT, LLC added | 14,873 | $758K | 0.0% | 2026-Q2 |
| MORGAN STANLEY added | 14,548 | $769K | 0.0% | 2026-Q2 |
| Perigon Wealth Management, LLC added | 14,360 | $759K | 0.0% | 2026-Q2 |
| Breakwater Capital Group trimmed | 14,113 | $746K | 0.0% | 2026-Q2 |
| Stratos Wealth Partners, LTD. added | 13,395 | $708K | 0.0% | 2026-Q2 |
| Golden State Wealth Management, LLC trimmed | 13,205 | $698K | 0.0% | 2026-Q2 |
| CoreCap Advisors, LLC added | 12,974 | $686K | 0.0% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 12,405 | $656K | 0.0% | 2026-Q2 |
| Mariner, LLC added | 12,235 | $647K | 0.0% | 2026-Q2 |
| Chicago Partners Investment Group LLC added | 12,185 | $622K | 0.0% | 2026-Q2 |
| SWEENEY & MICHEL, LLC trimmed | 11,028 | $578K | 0.0% | 2026-Q2 |
| Balanced Rock Investment Advisors LLC added | 10,902 | $576K | 0.0% | 2026-Q2 |
| Mayfair Advisory Group, LLC added | 10,582 | $539K | 0.0% | 2026-Q2 |
| Principle Wealth Partners LLC added | 10,520 | $556K | 0.0% | 2026-Q2 |
| Vise Technologies, Inc. added | 9,959 | $526K | 0.0% | 2026-Q2 |
| Savant Capital, LLC new | 9,834 | $520K | 0.0% | 2026-Q2 |
| COMMERCE BANK new | 9,642 | $510K | 0.0% | 2026-Q2 |
| Foster Victor Wealth Advisors, LLC | 9,600 | $492K | 0.0% | 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.