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.
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).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Thomas J. Herzfeld Advisors, Inc. added | 2,808,727 | $35M | 9.1% | 2026-Q1 |
| OAK HILL ADVISORS LP | 2,766,277 | $35M | 9.0% | 2026-Q1 |
| NOMURA HOLDINGS INC added | 2,652,371 | $33M | 8.6% | 2026-Q1 |
| SIT INVESTMENT ASSOCIATES INC added | 2,409,441 | $30M | 7.8% | 2026-Q1 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC added | 2,315,114 | $29M | 7.5% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 1,600,343 | $20M | 5.2% | 2026-Q1 |
| GCM Grosvenor Holdings, LLC added | 1,448,654 | $18M | 4.7% | 2026-Q1 |
| Penserra Capital Management LLC new | 1,313,268 | $16M | 4.3% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 1,053,015 | $13M | 3.4% | 2026-Q1 |
| MORGAN STANLEY added | 939,663 | $12M | 3.1% | 2026-Q1 |
| Pathstone Holdings, LLC added | 815,689 | $10M | 2.6% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 628,903 | $8M | 2.0% | 2026-Q1 |
| LPL Financial LLC trimmed | 621,240 | $8M | 2.0% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 560,748 | $7M | 1.8% | 2026-Q1 |
| TORONTO DOMINION BANK new | 550,000 | $7M | 1.8% | 2026-Q1 |
| Matisse Capital new | 452,200 | $6M | 1.5% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 396,437 | $5M | 1.3% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 312,663 | $4M | 1.0% | 2026-Q1 |
| BlackRock, Inc. added | 296,583 | $4M | 1.0% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 272,779 | $3M | 0.9% | 2026-Q1 |
| Almitas Capital LLC trimmed | 268,810 | $3M | 0.9% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 267,521 | $3M | 0.9% | 2026-Q1 |
| INDEPENDENT FINANCIAL GROUP, LLC added | 253,764 | $3M | 0.8% | 2026-Q1 |
| North Ground Capital added | 250,000 | $3M | 0.8% | 2026-Q1 |
| Kestra Advisory Services, LLC trimmed | 245,743 | $3M | 0.8% | 2026-Q1 |
| COHEN & STEERS, INC. added | 215,000 | $3M | 0.7% | 2026-Q1 |
| CHOREO, LLC added | 191,469 | $2M | 0.6% | 2026-Q1 |
| COFG Advisors, LLC trimmed | 186,469 | $2M | 0.6% | 2026-Q1 |
| RIVERBRIDGE PARTNERS LLC added | 158,283 | $2M | 0.5% | 2026-Q1 |
| Mariner, LLC trimmed | 136,769 | $2M | 0.4% | 2026-Q1 |
| Closed-End Fund Advisors, Inc. added | 130,980 | $2M | 0.4% | 2026-Q1 |
| CERTIOR FINANCIAL GROUP, LLC trimmed | 125,636 | $2M | 0.4% | 2026-Q1 |
| EverSource Wealth Advisors, LLC new | 17,018 | $1M | 0.4% | 2026-Q1 |
| Advisors Asset Management, Inc. added | 114,666 | $1M | 0.4% | 2026-Q1 |
| WEST MICHIGAN ADVISORS, LLC trimmed | 111,482 | $1M | 0.4% | 2026-Q1 |
| CWM, LLC trimmed | 99,777 | $1M | 0.3% | 2026-Q1 |
| Prime Capital Investment Advisors, LLC trimmed | 98,647 | $1M | 0.3% | 2026-Q1 |
| Ellis Investment Partners, LLC new | 95,103 | $1M | 0.3% | 2026-Q1 |
| HighTower Advisors, LLC added | 89,350 | $1M | 0.3% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 86,968 | $1M | 0.3% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC added | 84,132 | $1M | 0.3% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. new | 80,225 | $1M | 0.3% | 2026-Q1 |
| XTX Topco Ltd trimmed | 74,465 | $932K | 0.2% | 2026-Q1 |
| JB Capital LLC trimmed | 74,023 | $926K | 0.2% | 2026-Q1 |
| Huntleigh Advisors, Inc. trimmed | 74,014 | $926K | 0.2% | 2026-Q1 |
| Kovack Advisors, Inc. trimmed | 72,812 | $905K | 0.2% | 2026-Q1 |
| OneDigital Investment Advisors LLC trimmed | 71,326 | $892K | 0.2% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 71,278 | $882K | 0.2% | 2026-Q1 |
| Private Advisor Group, LLC trimmed | 68,181 | $853K | 0.2% | 2026-Q1 |
| TrueMark Investments, LLC added | 67,304 | $842K | 0.2% | 2026-Q1 |
| ABSOLUTE INVESTMENT ADVISERS, LLC new | 66,654 | $834K | 0.2% | 2026-Q1 |
| Arete Wealth Advisors, LLC trimmed | 63,781 | $797K | 0.2% | 2026-Q1 |
| PFG Investments, LLC trimmed | 58,125 | $727K | 0.2% | 2026-Q1 |
| Creative Planning added | 57,069 | $714K | 0.2% | 2026-Q1 |
| WealthPlan Investment Management, LLC trimmed | 56,706 | $709K | 0.2% | 2026-Q1 |
| Inscription Capital, LLC trimmed | 53,797 | $673K | 0.2% | 2026-Q1 |
| ROBINSON CAPITAL MANAGEMENT, LLC new | 53,416 | $660K | 0.2% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 52,131 | $652K | 0.2% | 2026-Q1 |
| PERRYMAN FINANCIAL ADVISORY INC /AD trimmed | 52,055 | $651K | 0.2% | 2026-Q1 |
| CX Institutional trimmed | 51,858 | $649K | 0.2% | 2026-Q1 |
| Intrua Financial, LLC added | 51,319 | $642K | 0.2% | 2026-Q1 |
| Blackstone Inc. added | 49,243 | $616K | 0.2% | 2026-Q1 |
| Alpine Global Management, LLC trimmed | 47,009 | $588K | 0.2% | 2026-Q1 |
| SUMMIT WEALTH GROUP LLC / CO added | 43,284 | $541K | 0.1% | 2026-Q1 |
| Quarry LP added | 39,754 | $497K | 0.1% | 2026-Q1 |
| &PARTNERS trimmed | 39,615 | $496K | 0.1% | 2026-Q1 |
| DIVERSIFY WEALTH MANAGEMENT, LLC added | 38,375 | $465K | 0.1% | 2026-Q1 |
| Arista Wealth Management, LLC | 36,483 | $456K | 0.1% | 2026-Q1 |
| Merit Financial Group, LLC added | 35,557 | $445K | 0.1% | 2026-Q1 |
| RFG Advisory, LLC trimmed | 34,987 | $438K | 0.1% | 2026-Q1 |
| Diversified Enterprises, LLC trimmed | 34,928 | $437K | 0.1% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 34,893 | $436K | 0.1% | 2026-Q1 |
| Trivium Point Advisory, LLC trimmed | 33,202 | $415K | 0.1% | 2026-Q1 |
| Soltis Investment Advisors LLC trimmed | 33,119 | $414K | 0.1% | 2026-Q1 |
| TWO SIGMA SECURITIES, LLC new | 32,828 | $411K | 0.1% | 2026-Q1 |
| Seven Springs Wealth Group, LLC new | 32,794 | $410K | 0.1% | 2026-Q1 |
| Orion Porfolio Solutions, LLC trimmed | 31,847 | $398K | 0.1% | 2026-Q1 |
| IHT Wealth Management, LLC trimmed | 30,999 | $388K | 0.1% | 2026-Q1 |
| IFP Advisors, Inc trimmed | 30,941 | $387K | 0.1% | 2026-Q1 |
| Foundations Investment Advisors, LLC trimmed | 30,079 | $376K | 0.1% | 2026-Q1 |
| Advisor Resource Council | 29,784 | $373K | 0.1% | 2026-Q1 |
| Lido Advisors, LLC new | 29,267 | $366K | 0.1% | 2026-Q1 |
| MONETA GROUP INVESTMENT ADVISORS LLC added | 28,294 | $354K | 0.1% | 2026-Q1 |
| AE Wealth Management LLC trimmed | 28,099 | $352K | 0.1% | 2026-Q1 |
| Stratos Wealth Partners, LTD. trimmed | 27,655 | $346K | 0.1% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV new | 27,437 | $343K | 0.1% | 2026-Q1 |
| Cresset Asset Management, LLC new | 27,369 | $342K | 0.1% | 2026-Q1 |
| CSS LLC/IL added | 27,000 | $338K | 0.1% | 2026-Q1 |
| Bleakley Financial Group, LLC trimmed | 26,889 | $336K | 0.1% | 2026-Q1 |
| Capital Asset Advisory Services LLC trimmed | 26,908 | $336K | 0.1% | 2026-Q1 |
| Marex Group plc new | 430,044 | $6M | 1.6% | 2025-Q4 stale |
| Kraft, Davis & Associates, LLC new | 129,474 | $2M | 0.5% | 2025-Q4 stale |
| Virtu Financial LLC new | 80,457 | $1M | 0.3% | 2025-Q4 stale |
| J.W. COLE ADVISORS, INC. new | 63,707 | $872K | 0.2% | 2025-Q4 stale |
| NewEdge Advisors, LLC new | 44,113 | $624K | 0.2% | 2025-Q4 stale |
| Flagship Private Wealth, LLC new | 37,290 | $527K | 0.1% | 2025-Q4 stale |
| AXXCESS WEALTH MANAGEMENT, LLC new | 34,487 | $488K | 0.1% | 2025-Q4 stale |
| Apollon Wealth Management, LLC new | 29,422 | $416K | 0.1% | 2025-Q4 stale |
| IFG Advisory, LLC new | 26,983 | $382K | 0.1% | 2025-Q4 stale |
| Bank of New York Mellon Corp new | 25,488 | $360K | 0.1% | 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.
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.