Who owns FSMD (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-Q1 13F filings. 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
41 tracked funds added or opened FSMD while 18 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
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 2025-Q4 and 2026-Q1, across 171 tracked filers holding FSMD, 116 increased or opened the position and 56 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 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 3
- Independent Advisor Alliance$6M
- GOLDMAN SACHS GROUP INC$3M
- DIVERSIFY WEALTH MANAGEMENT, LLC$680K
Full exits 4
- JANE STREET GROUP, LLC$3M
- J.W. COLE ADVISORS, INC.$2M
- New Millennium Group LLC$2M
- Diversify Advisory Services, LLC$658K
Largest adds
- Retirement Planning Group, LLC$54M
- FMR LLC$40M
- Sanctuary Advisors, LLC$19M
- Atria Investments, Inc$17M
- COMMONWEALTH EQUITY SERVICES, LLC$13M
- STIFEL FINANCIAL CORP$12M
Largest trims
- NOVEM GROUP$6M
- OSAIC HOLDINGS, INC.$4M
- Cambridge Investment Research Advisors, Inc.$3M
- Smartleaf Asset Management LLC$3M
- Golden State Wealth Management, LLC$1M
- CITADEL ADVISORS LLC$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 |
|---|---|---|---|---|
| FMR LLC added | 16,864,062 | $754M | 39.1% | 2026-Q1 |
| Retirement Planning Group, LLC added | 5,165,395 | $231M | 12.0% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 3,300,116 | $148M | 7.7% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 2,108,768 | $94M | 4.9% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 1,277,438 | $57M | 3.0% | 2026-Q1 |
| Kestra Investment Management, LLC trimmed | 1,230,588 | $55M | 2.9% | 2026-Q1 |
| LPL Financial LLC added | 1,218,653 | $54M | 2.8% | 2026-Q1 |
| Sanctuary Advisors, LLC added | 841,578 | $38M | 2.0% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 774,628 | $35M | 1.8% | 2026-Q1 |
| Atria Investments, Inc added | 758,543 | $34M | 1.8% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 581,286 | $26M | 1.3% | 2026-Q1 |
| Advocacy Wealth Management, LLC added | 568,950 | $25M | 1.3% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 558,311 | $25M | 1.3% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 434,130 | $19M | 1.0% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 414,021 | $19M | 1.0% | 2026-Q1 |
| OneDigital Investment Advisors LLC added | 409,665 | $18M | 1.0% | 2026-Q1 |
| Goldstone Financial Group, LLC added | 357,873 | $16M | 0.8% | 2026-Q1 |
| LIBERTY SQUARE WEALTH PARTNERS LLC added | 317,635 | $14M | 0.7% | 2026-Q1 |
| GEN Financial Management, INC. added | 303,411 | $14M | 0.7% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 284,471 | $13M | 0.7% | 2026-Q1 |
| AssuredPartners Investment Advisors, LLC added | 247,373 | $11M | 0.6% | 2026-Q1 |
| Presper Financial Architects, LLC added | 246,864 | $11M | 0.6% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC trimmed | 202,783 | $9M | 0.5% | 2026-Q1 |
| Farther Finance Advisors, LLC added | 195,691 | $9M | 0.5% | 2026-Q1 |
| Prasad Wealth Partners, LLC added | 197,268 | $9M | 0.5% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 177,269 | $8M | 0.4% | 2026-Q1 |
| Provident Wealth Management, LLC trimmed | 164,649 | $7M | 0.4% | 2026-Q1 |
| Bravera Wealth added | 150,384 | $7M | 0.3% | 2026-Q1 |
| Advisory Services Network, LLC added | 150,230 | $7M | 0.3% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 143,391 | $6M | 0.3% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 137,700 | $6M | 0.3% | 2026-Q1 |
| FSA WEALTH PARTNERS, INC. added | 128,779 | $6M | 0.3% | 2026-Q1 |
| Evergreen Private Wealth LLC trimmed | 125,215 | $6M | 0.3% | 2026-Q1 |
| Independent Advisor Alliance added | 123,592 | $6M | 0.3% | 2026-Q1 |
| Sterling Manor Financial, LLC trimmed | 105,784 | $5M | 0.2% | 2026-Q1 |
| Laurel Wealth Planning LLC added | 92,930 | $4M | 0.2% | 2026-Q1 |
| Fortitude Financial, LLC trimmed | 87,852 | $4M | 0.2% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 84,575 | $4M | 0.2% | 2026-Q1 |
| KESTRA PRIVATE WEALTH SERVICES, LLC added | 81,993 | $4M | 0.2% | 2026-Q1 |
| Van Hulzen Asset Management, LLC added | 80,714 | $4M | 0.2% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 65,238 | $3M | 0.2% | 2026-Q1 |
| Trademark Financial Management, LLC added | 63,303 | $3M | 0.1% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 62,583 | $3M | 0.1% | 2026-Q1 |
| NOVEM GROUP trimmed | 58,208 | $3M | 0.1% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 57,799 | $3M | 0.1% | 2026-Q1 |
| Emerald Advisors, LLC added | 56,763 | $3M | 0.1% | 2026-Q1 |
| AE Wealth Management LLC added | 52,536 | $2M | 0.1% | 2026-Q1 |
| &PARTNERS added | 50,563 | $2M | 0.1% | 2026-Q1 |
| Faithward Advisors, LLC added | 39,390 | $2M | 0.1% | 2026-Q1 |
| Kuhn & Co Investment Counsel added | 38,916 | $2M | 0.1% | 2026-Q1 |
| Wealthcare Advisory Partners LLC added | 38,654 | $2M | 0.1% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 37,160 | $2M | 0.1% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 36,972 | $2M | 0.1% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 35,080 | $2M | 0.1% | 2026-Q1 |
| GREAT VALLEY ADVISOR GROUP, INC. trimmed | 33,635 | $2M | 0.1% | 2026-Q1 |
| Strategic Blueprint, LLC trimmed | 33,603 | $2M | 0.1% | 2026-Q1 |
| IFP Advisors, Inc added | 33,520 | $1M | 0.1% | 2026-Q1 |
| MONEY CONCEPTS CAPITAL CORP added | 31,926 | $1M | 0.1% | 2026-Q1 |
| HICKS CAPITAL MANAGEMENT LLC added | 30,409 | $1M | 0.1% | 2026-Q1 |
| Riverbend Wealth Management, LLC added | 29,727 | $1M | 0.1% | 2026-Q1 |
| Nova Wealth Management, Inc. added | 29,203 | $1M | 0.1% | 2026-Q1 |
| Equitable Holdings, Inc. trimmed | 29,579 | $1M | 0.1% | 2026-Q1 |
| INDEPENDENT FINANCIAL GROUP, LLC added | 29,133 | $1M | 0.1% | 2026-Q1 |
| Global Financial Private Client, LLC added | 29,090 | $1M | 0.1% | 2026-Q1 |
| Mascagni Wealth Management, Inc. added | 27,827 | $1M | 0.1% | 2026-Q1 |
| Visionary Wealth Advisors trimmed | 27,126 | $1M | 0.1% | 2026-Q1 |
| Hilltop Holdings Inc. trimmed | 26,659 | $1M | 0.1% | 2026-Q1 |
| Concurrent Investment Advisors, LLC added | 25,434 | $1M | 0.1% | 2026-Q1 |
| SHP Wealth Management added | 24,902 | $1M | 0.1% | 2026-Q1 |
| Spire Wealth Management added | 24,543 | $1M | 0.1% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 23,453 | $1M | 0.1% | 2026-Q1 |
| Roxbury Financial LLC added | 22,390 | $1M | 0.1% | 2026-Q1 |
| BG Investment Services, LLC added | 21,548 | $964K | 0.0% | 2026-Q1 |
| Golden State Wealth Management, LLC trimmed | 19,629 | $878K | 0.0% | 2026-Q1 |
| Merit Financial Group, LLC added | 19,297 | $863K | 0.0% | 2026-Q1 |
| Envestnet Portfolio Solutions, Inc. added | 18,211 | $814K | 0.0% | 2026-Q1 |
| Rehmann Capital Advisory Group | 16,961 | $758K | 0.0% | 2026-Q1 |
| Focus Financial Network, Inc. added | 16,832 | $753K | 0.0% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. added | 16,057 | $718K | 0.0% | 2026-Q1 |
| Private Advisor Group, LLC added | 15,717 | $703K | 0.0% | 2026-Q1 |
| Creative Planning added | 15,354 | $687K | 0.0% | 2026-Q1 |
| DIVERSIFY WEALTH MANAGEMENT, LLC new | 14,172 | $680K | 0.0% | 2026-Q1 |
| Cedar Point Capital Partners, LLC trimmed | 14,996 | $671K | 0.0% | 2026-Q1 |
| Breakwater Capital Group trimmed | 14,549 | $651K | 0.0% | 2026-Q1 |
| Summit Financial Wealth Advisors, LLC added | 13,471 | $602K | 0.0% | 2026-Q1 |
| Stratos Wealth Partners, LTD. added | 13,112 | $586K | 0.0% | 2026-Q1 |
| Capital Analysts, LLC added | 12,335 | $552K | 0.0% | 2026-Q1 |
| SWEENEY & MICHEL, LLC added | 11,497 | $549K | 0.0% | 2026-Q1 |
| Parcion Private Wealth LLC trimmed | 349,831 | $14M | 0.7% | 2025-Q1 stale |
| Systelligence, LLC trimmed | 258,345 | $11M | 0.6% | 2025-Q3 stale |
| Thrivent Financial for Lutherans new | 79,565 | $4M | 0.2% | 2025-Q3 stale |
| JANE STREET GROUP, LLC added | 76,931 | $3M | 0.2% | 2025-Q4 stale |
| AVANTAX ADVISORY SERVICES, INC. added | 54,221 | $2M | 0.1% | 2025-Q2 stale |
| Per Stirling Capital Management, LLC. new | 48,056 | $2M | 0.1% | 2025-Q1 stale |
| J.W. COLE ADVISORS, INC. added | 42,333 | $2M | 0.1% | 2025-Q4 stale |
| New Millennium Group LLC trimmed | 37,536 | $2M | 0.1% | 2025-Q4 stale |
| Fifth Third Securities, Inc. trimmed | 19,112 | $748K | 0.0% | 2025-Q1 stale |
| MONTAG & CALDWELL, LLC added | 16,819 | $697K | 0.0% | 2025-Q2 stale |
| Diversify Advisory Services, LLC added | 14,207 | $658K | 0.0% | 2025-Q4 stale |
| Atria Wealth Solutions, Inc. added | 13,197 | $547K | 0.0% | 2025-Q2 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.