Who owns FV
Which tracked institutional funds hold FV, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FV company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 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
28 tracked funds added or opened FV while 75 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
FV’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 0.1% of theirs — a 0.1pp gap the other way — the median holder sizes FV more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in FV 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 319 tracked filers holding FV, 110 increased or opened the position and 176 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 FV 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 10
- Independent Advisor Alliance$14M
- FIFTH THIRD BANCORP$5M
- AssuredPartners Investment Advisors, LLC$4M
- Tulsa Wealth Advisors, INC$2M
- Kiker Wealth Management, LLC$1M
- FLOW TRADERS U.S. LLC$1M
Full exits 14
- Janney Montgomery Scott LLC$32M
- ORG Partners LLC$6M
- COMERICA BANK$5M
- Global Retirement Partners, LLC$4M
- IFG Advisory, LLC$3M
- Envestnet Portfolio Solutions, Inc.$2M
Largest adds
- Proactive Wealth Strategies LLC$17M
- BENJAMIN EDWARDS INC$10M
- Gateway Wealth Partners, LLC$6M
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$4M
- ENVESTNET ASSET MANAGEMENT INC$4M
- JPMORGAN CHASE & CO$3M
Largest trims
- LPL Financial LLC$74M
- NewEdge Advisors, LLC$40M
- WELLS FARGO & COMPANY/MN$37M
- COMMONWEALTH EQUITY SERVICES, LLC$35M
- RAYMOND JAMES FINANCIAL INC$23M
- MORGAN STANLEY$19M
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 |
|---|---|---|---|---|
| MORGAN STANLEY trimmed | 5,593,064 | $338M | 16.8% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 3,223,326 | $195M | 9.7% | 2026-Q1 |
| LPL Financial LLC trimmed | 3,100,853 | $187M | 9.3% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 1,847,399 | $112M | 5.5% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 1,782,456 | $108M | 5.3% | 2026-Q1 |
| UBS Group AG trimmed | 1,253,978 | $76M | 3.8% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 1,180,641 | $71M | 3.5% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 757,619 | $46M | 2.3% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 720,873 | $44M | 2.2% | 2026-Q1 |
| Prospera Financial Services Inc trimmed | 631,578 | $38M | 1.9% | 2026-Q1 |
| Proactive Wealth Strategies LLC added | 609,498 | $37M | 1.8% | 2026-Q1 |
| Concurrent Investment Advisors, LLC trimmed | 562,364 | $34M | 1.7% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 521,319 | $32M | 1.6% | 2026-Q1 |
| SARD WEALTH MANAGEMENT GROUP, LLC trimmed | 468,254 | $28M | 1.4% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 422,656 | $26M | 1.3% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 415,510 | $25M | 1.2% | 2026-Q1 |
| Cetera Investment Advisers added | 403,640 | $24M | 1.2% | 2026-Q1 |
| D.A. DAVIDSON & CO. trimmed | 398,503 | $24M | 1.2% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 389,192 | $24M | 1.2% | 2026-Q1 |
| Private Advisor Group, LLC added | 346,335 | $21M | 1.0% | 2026-Q1 |
| Baird Financial Group, Inc. trimmed | 343,182 | $21M | 1.0% | 2026-Q1 |
| BENJAMIN EDWARDS INC added | 305,385 | $18M | 0.9% | 2026-Q1 |
| NewEdge Advisors, LLC trimmed | 252,798 | $18M | 0.9% | 2026-Q1 |
| Madrona Financial Services, LLC trimmed | 247,584 | $15M | 0.7% | 2026-Q1 |
| Geneos Wealth Management Inc. trimmed | 243,531 | $15M | 0.7% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC trimmed | 241,542 | $15M | 0.7% | 2026-Q1 |
| CWM, LLC trimmed | 239,257 | $14M | 0.7% | 2026-Q1 |
| Independent Advisor Alliance trimmed | 230,000 | $14M | 0.7% | 2026-Q1 |
| Gateway Wealth Partners, LLC added | 214,630 | $13M | 0.6% | 2026-Q1 |
| Frederick Financial Consultants, LLC added | 203,280 | $12M | 0.6% | 2026-Q1 |
| Strid Group, LLC trimmed | 198,099 | $12M | 0.6% | 2026-Q1 |
| Concentrum Wealth Management added | 174,859 | $11M | 0.5% | 2026-Q1 |
| Regal Investment Advisors LLC added | 173,870 | $11M | 0.5% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 161,001 | $10M | 0.5% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 154,719 | $9M | 0.5% | 2026-Q1 |
| Stratos Wealth Partners, LTD. trimmed | 152,481 | $9M | 0.5% | 2026-Q1 |
| HFG Advisors, Inc. added | 143,684 | $9M | 0.4% | 2026-Q1 |
| AlphaCore Capital LLC trimmed | 139,511 | $8M | 0.4% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 136,665 | $8M | 0.4% | 2026-Q1 |
| Ashton Thomas Private Wealth, LLC trimmed | 133,501 | $8M | 0.4% | 2026-Q1 |
| MGO ONE SEVEN LLC trimmed | 126,928 | $8M | 0.4% | 2026-Q1 |
| Integrated Wealth Concepts LLC trimmed | 123,925 | $7M | 0.4% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 126,028 | $7M | 0.4% | 2026-Q1 |
| Fusion Capital, LLC added | 120,426 | $7M | 0.4% | 2026-Q1 |
| SkyOak Wealth, LLC added | 107,748 | $7M | 0.3% | 2026-Q1 |
| AFFINITY WEALTH MANAGEMENT LLC trimmed | 103,563 | $6M | 0.3% | 2026-Q1 |
| IFP Advisors, Inc added | 101,409 | $6M | 0.3% | 2026-Q1 |
| CITIGROUP INC trimmed | 101,222 | $6M | 0.3% | 2026-Q1 |
| Valmark Advisers, Inc. trimmed | 98,725 | $6M | 0.3% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 89,101 | $5M | 0.3% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 87,664 | $5M | 0.3% | 2026-Q1 |
| TRUIST FINANCIAL CORP trimmed | 87,093 | $5M | 0.3% | 2026-Q1 |
| PFG Investments, LLC trimmed | 86,943 | $5M | 0.3% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 81,924 | $5M | 0.2% | 2026-Q1 |
| ATWOOD & PALMER INC trimmed | 80,737 | $5M | 0.2% | 2026-Q1 |
| FIFTH THIRD BANCORP added | 74,919 | $5M | 0.2% | 2026-Q1 |
| Waverly Advisors, LLC trimmed | 72,359 | $4M | 0.2% | 2026-Q1 |
| Merit Financial Group, LLC added | 70,317 | $4M | 0.2% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 66,360 | $4M | 0.2% | 2026-Q1 |
| Creative Planning trimmed | 64,806 | $4M | 0.2% | 2026-Q1 |
| Sanctuary Advisors, LLC trimmed | 64,069 | $4M | 0.2% | 2026-Q1 |
| US BANCORP \DE\ added | 63,647 | $4M | 0.2% | 2026-Q1 |
| AssuredPartners Investment Advisors, LLC new | 61,763 | $4M | 0.2% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 60,972 | $4M | 0.2% | 2026-Q1 |
| Meridian Wealth Management, LLC | 60,956 | $4M | 0.2% | 2026-Q1 |
| Claro Advisors Inc. trimmed | 60,862 | $4M | 0.2% | 2026-Q1 |
| Farther Finance Advisors, LLC trimmed | 59,427 | $4M | 0.2% | 2026-Q1 |
| &PARTNERS trimmed | 59,800 | $4M | 0.2% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 58,624 | $4M | 0.2% | 2026-Q1 |
| DAYMARK WEALTH PARTNERS, LLC trimmed | 58,496 | $4M | 0.2% | 2026-Q1 |
| TradeWell Securities, LLC. trimmed | 56,423 | $3M | 0.2% | 2026-Q1 |
| Apollon Wealth Management, LLC trimmed | 57,176 | $3M | 0.2% | 2026-Q1 |
| Stablepoint Partners, LLC added | 56,190 | $3M | 0.2% | 2026-Q1 |
| Morey & Quinn Wealth Partners, LLC added | 52,818 | $3M | 0.2% | 2026-Q1 |
| VestGen Advisors, LLC added | 45,418 | $3M | 0.2% | 2026-Q1 |
| MUIRFIELD WEALTH ADVISORS LLC trimmed | 51,084 | $3M | 0.2% | 2026-Q1 |
| Mutual Advisors, LLC trimmed | 50,927 | $3M | 0.2% | 2026-Q1 |
| Cushing Capital Partners, LLC trimmed | 48,256 | $3M | 0.1% | 2026-Q1 |
| MARSHALL INVESTMENT MANAGEMENT, LLC trimmed | 44,949 | $3M | 0.1% | 2026-Q1 |
| Equitable Holdings, Inc. trimmed | 41,968 | $3M | 0.1% | 2026-Q1 |
| First Heartland Consultants, Inc. | 43,109 | $3M | 0.1% | 2026-Q1 |
| Composition Wealth, LLC trimmed | 43,074 | $3M | 0.1% | 2026-Q1 |
| Lunt Capital Management, Inc. added | 40,425 | $2M | 0.1% | 2026-Q1 |
| FLAGSHIP HARBOR ADVISORS, LLC added | 39,688 | $2M | 0.1% | 2026-Q1 |
| Arkadios Wealth Advisors trimmed | 37,950 | $2M | 0.1% | 2026-Q1 |
| Golden State Wealth Management, LLC trimmed | 37,256 | $2M | 0.1% | 2026-Q1 |
| WCG Wealth Advisors LLC trimmed | 36,311 | $2M | 0.1% | 2026-Q1 |
| Janney Montgomery Scott LLC trimmed | 506,018 | $32M | 1.6% | 2025-Q4 stale |
| SPC Financial, Inc. added | 138,427 | $9M | 0.4% | 2025-Q3 stale |
| ORG Partners LLC trimmed | 91,921 | $6M | 0.3% | 2025-Q4 stale |
| Good Life Advisors, LLC trimmed | 84,713 | $5M | 0.2% | 2025-Q2 stale |
| COMERICA BANK added | 74,904 | $5M | 0.2% | 2025-Q4 stale |
| BRASS TAX WEALTH MANAGEMENT, INC trimmed | 67,216 | $4M | 0.2% | 2025-Q3 stale |
| Global Retirement Partners, LLC trimmed | 59,184 | $4M | 0.2% | 2025-Q4 stale |
| TKG Advisors, LLC added | 64,306 | $4M | 0.2% | 2025-Q1 stale |
| Secure Asset Management, LLC trimmed | 47,907 | $3M | 0.1% | 2025-Q3 stale |
| IFG Advisory, LLC added | 43,877 | $3M | 0.1% | 2025-Q4 stale |
| G&S Capital LLC added | 46,325 | $3M | 0.1% | 2025-Q1 stale |
| Envestnet Portfolio Solutions, Inc. added | 39,482 | $2M | 0.1% | 2025-Q4 stale |
| RETIREMENT GUYS FORMULA LLC added | 34,943 | $2M | 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.