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Institutional Ownership · SEC Form 13F

Who owns FSSL (FSSL)


Which tracked institutional funds hold FSSL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FSSL 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.

247
Institutional holders
30,816,121
Shares held (tracked funds)

How the tape is positioned

26 tracked funds added or opened FSSL while 43 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

FSSL’s largest tracked holder by dollar value, Thomas J. Herzfeld Advisors, Inc., sizes it at 11.9% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 11.9pp conviction gap — its largest holder concentrates the name more heavily than the typical one.

Book-share is each fund’s reported value in FSSL 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 247 tracked filers holding FSSL, 110 increased or opened the position and 152 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.

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 FSSL 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 8

  • Penserra Capital Management LLC$16M
  • TORONTO DOMINION BANK$7M
  • Matisse Capital$6M
  • EverSource Wealth Advisors, LLC$1M
  • Ellis Investment Partners, LLC$1M
  • HARBOUR INVESTMENTS, INC.$1M

Full exits 6

  • Marex Group plc$6M
  • Kraft, Davis & Associates, LLC$2M
  • Virtu Financial LLC$1M
  • J.W. COLE ADVISORS, INC.$872K
  • NewEdge Advisors, LLC$624K
  • Flagship Private Wealth, LLC$527K

Largest adds

  • NOMURA HOLDINGS INC$23M
  • MORGAN STANLEY$11M
  • RIVERNORTH CAPITAL MANAGEMENT, LLC$10M
  • SIT INVESTMENT ASSOCIATES INC$7M
  • Thomas J. Herzfeld Advisors, Inc.$6M
  • Pathstone Holdings, LLC$4M

Largest trims

  • JANE STREET GROUP, LLC$9M
  • Almitas Capital LLC$8M
  • COMMONWEALTH EQUITY SERVICES, LLC$7M
  • OAK HILL ADVISORS LP$5M
  • LPL Financial LLC$3M
  • Cetera Investment Advisers$2M

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).

FundSharesReported value% of valueQuarter
Thomas J. Herzfeld Advisors, Inc. added2,808,727$35M9.1%2026-Q1
OAK HILL ADVISORS LP2,766,277$35M9.0%2026-Q1
NOMURA HOLDINGS INC added2,652,371$33M8.6%2026-Q1
SIT INVESTMENT ASSOCIATES INC added2,409,441$30M7.8%2026-Q1
RIVERNORTH CAPITAL MANAGEMENT, LLC added2,315,114$29M7.5%2026-Q1
ENVESTNET ASSET MANAGEMENT INC added1,600,343$20M5.2%2026-Q1
GCM Grosvenor Holdings, LLC added1,448,654$18M4.7%2026-Q1
Penserra Capital Management LLC new1,313,268$16M4.3%2026-Q1
COMMONWEALTH EQUITY SERVICES, LLC trimmed1,053,015$13M3.4%2026-Q1
MORGAN STANLEY added939,663$12M3.1%2026-Q1
Pathstone Holdings, LLC added815,689$10M2.6%2026-Q1
Cambridge Investment Research Advisors, Inc. added628,903$8M2.0%2026-Q1
LPL Financial LLC trimmed621,240$8M2.0%2026-Q1
Cetera Investment Advisers trimmed560,748$7M1.8%2026-Q1
TORONTO DOMINION BANK new550,000$7M1.8%2026-Q1
Matisse Capital new452,200$6M1.5%2026-Q1
STIFEL FINANCIAL CORP added396,437$5M1.3%2026-Q1
RAYMOND JAMES FINANCIAL INC added312,663$4M1.0%2026-Q1
BlackRock, Inc. added296,583$4M1.0%2026-Q1
CITADEL ADVISORS LLC added272,779$3M0.9%2026-Q1
Almitas Capital LLC trimmed268,810$3M0.9%2026-Q1
OSAIC HOLDINGS, INC. trimmed267,521$3M0.9%2026-Q1
INDEPENDENT FINANCIAL GROUP, LLC added253,764$3M0.8%2026-Q1
North Ground Capital added250,000$3M0.8%2026-Q1
Kestra Advisory Services, LLC trimmed245,743$3M0.8%2026-Q1
COHEN & STEERS, INC. added215,000$3M0.7%2026-Q1
CHOREO, LLC added191,469$2M0.6%2026-Q1
COFG Advisors, LLC trimmed186,469$2M0.6%2026-Q1
RIVERBRIDGE PARTNERS LLC added158,283$2M0.5%2026-Q1
Mariner, LLC trimmed136,769$2M0.4%2026-Q1
Closed-End Fund Advisors, Inc. added130,980$2M0.4%2026-Q1
CERTIOR FINANCIAL GROUP, LLC trimmed125,636$2M0.4%2026-Q1
EverSource Wealth Advisors, LLC new17,018$1M0.4%2026-Q1
Advisors Asset Management, Inc. added114,666$1M0.4%2026-Q1
WEST MICHIGAN ADVISORS, LLC trimmed111,482$1M0.4%2026-Q1
CWM, LLC trimmed99,777$1M0.3%2026-Q1
Prime Capital Investment Advisors, LLC trimmed98,647$1M0.3%2026-Q1
Ellis Investment Partners, LLC new95,103$1M0.3%2026-Q1
HighTower Advisors, LLC added89,350$1M0.3%2026-Q1
JANE STREET GROUP, LLC trimmed86,968$1M0.3%2026-Q1
MML INVESTORS SERVICES, LLC added84,132$1M0.3%2026-Q1
HARBOUR INVESTMENTS, INC. new80,225$1M0.3%2026-Q1
XTX Topco Ltd trimmed74,465$932K0.2%2026-Q1
JB Capital LLC trimmed74,023$926K0.2%2026-Q1
Huntleigh Advisors, Inc. trimmed74,014$926K0.2%2026-Q1
Kovack Advisors, Inc. trimmed72,812$905K0.2%2026-Q1
OneDigital Investment Advisors LLC trimmed71,326$892K0.2%2026-Q1
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed71,278$882K0.2%2026-Q1
Private Advisor Group, LLC trimmed68,181$853K0.2%2026-Q1
TrueMark Investments, LLC added67,304$842K0.2%2026-Q1
ABSOLUTE INVESTMENT ADVISERS, LLC new66,654$834K0.2%2026-Q1
Arete Wealth Advisors, LLC trimmed63,781$797K0.2%2026-Q1
PFG Investments, LLC trimmed58,125$727K0.2%2026-Q1
Creative Planning added57,069$714K0.2%2026-Q1
WealthPlan Investment Management, LLC trimmed56,706$709K0.2%2026-Q1
Inscription Capital, LLC trimmed53,797$673K0.2%2026-Q1
ROBINSON CAPITAL MANAGEMENT, LLC new53,416$660K0.2%2026-Q1
Beacon Pointe Advisors, LLC added52,131$652K0.2%2026-Q1
PERRYMAN FINANCIAL ADVISORY INC /AD trimmed52,055$651K0.2%2026-Q1
CX Institutional trimmed51,858$649K0.2%2026-Q1
Intrua Financial, LLC added51,319$642K0.2%2026-Q1
Blackstone Inc. added49,243$616K0.2%2026-Q1
Alpine Global Management, LLC trimmed47,009$588K0.2%2026-Q1
SUMMIT WEALTH GROUP LLC / CO added43,284$541K0.1%2026-Q1
Quarry LP added39,754$497K0.1%2026-Q1
&PARTNERS trimmed39,615$496K0.1%2026-Q1
DIVERSIFY WEALTH MANAGEMENT, LLC added38,375$465K0.1%2026-Q1
Arista Wealth Management, LLC36,483$456K0.1%2026-Q1
Merit Financial Group, LLC added35,557$445K0.1%2026-Q1
RFG Advisory, LLC trimmed34,987$438K0.1%2026-Q1
Diversified Enterprises, LLC trimmed34,928$437K0.1%2026-Q1
ROYAL BANK OF CANADA trimmed34,893$436K0.1%2026-Q1
Trivium Point Advisory, LLC trimmed33,202$415K0.1%2026-Q1
Soltis Investment Advisors LLC trimmed33,119$414K0.1%2026-Q1
TWO SIGMA SECURITIES, LLC new32,828$411K0.1%2026-Q1
Seven Springs Wealth Group, LLC new32,794$410K0.1%2026-Q1
Orion Porfolio Solutions, LLC trimmed31,847$398K0.1%2026-Q1
IHT Wealth Management, LLC trimmed30,999$388K0.1%2026-Q1
IFP Advisors, Inc trimmed30,941$387K0.1%2026-Q1
Foundations Investment Advisors, LLC trimmed30,079$376K0.1%2026-Q1
Advisor Resource Council29,784$373K0.1%2026-Q1
Lido Advisors, LLC new29,267$366K0.1%2026-Q1
MONETA GROUP INVESTMENT ADVISORS LLC added28,294$354K0.1%2026-Q1
AE Wealth Management LLC trimmed28,099$352K0.1%2026-Q1
Stratos Wealth Partners, LTD. trimmed27,655$346K0.1%2026-Q1
MERCER GLOBAL ADVISORS INC /ADV new27,437$343K0.1%2026-Q1
Cresset Asset Management, LLC new27,369$342K0.1%2026-Q1
CSS LLC/IL added27,000$338K0.1%2026-Q1
Bleakley Financial Group, LLC trimmed26,889$336K0.1%2026-Q1
Capital Asset Advisory Services LLC trimmed26,908$336K0.1%2026-Q1
Marex Group plc new430,044$6M1.6%2025-Q4 stale
Kraft, Davis & Associates, LLC new129,474$2M0.5%2025-Q4 stale
Virtu Financial LLC new80,457$1M0.3%2025-Q4 stale
J.W. COLE ADVISORS, INC. new63,707$872K0.2%2025-Q4 stale
NewEdge Advisors, LLC new44,113$624K0.2%2025-Q4 stale
Flagship Private Wealth, LLC new37,290$527K0.1%2025-Q4 stale
AXXCESS WEALTH MANAGEMENT, LLC new34,487$488K0.1%2025-Q4 stale
Apollon Wealth Management, LLC new29,422$416K0.1%2025-Q4 stale
IFG Advisory, LLC new26,983$382K0.1%2025-Q4 stale
Bank of New York Mellon Corp new25,488$360K0.1%2025-Q4 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.

HoldersTotal shares

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.

Learn how to read institutional ownership