Who owns FVAL (FVAL)
Which tracked institutional funds hold FVAL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FVAL 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
The tracked-fund tape on FVAL is one-sided between 2025-Q4 and 2026-Q1: 11 added or opened and 35 trimmed or exited — on balance reducing.
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
FVAL’s largest tracked holder by dollar value, ENVESTNET ASSET MANAGEMENT INC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in FVAL 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 148 tracked filers holding FVAL, 89 increased or opened the position and 62 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 FVAL 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
- BlackRock, Inc.$1M
- DIVERSIFY WEALTH MANAGEMENT, LLC$899K
- &PARTNERS$611K
Full exits 10
- Custos Family Office, LLC$9M
- Vantage Financial Partners, LLC$9M
- LVZ, Inc.$2M
- J.W. COLE ADVISORS, INC.$1M
- AXXCESS WEALTH MANAGEMENT, LLC$1M
- FOUNDATIONS INVESTMENT ADVISORS, LLC$1M
Largest adds
- Avidian Wealth Enterprises, LLC$9M
- ENVESTNET ASSET MANAGEMENT INC$6M
- JONES FINANCIAL COMPANIES LLLP$2M
- Farther Finance Advisors, LLC$1M
- Rockefeller Capital Management L.P.$1M
- Cetera Investment Advisers$954K
Largest trims
- Thrivent Financial for Lutherans$10M
- Merit Financial Group, LLC$8M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$5M
- TWO SIGMA INVESTMENTS, LP$5M
- Kestra Advisory Services, LLC$4M
- LPL Financial LLC$4M
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 |
|---|---|---|---|---|
| ENVESTNET ASSET MANAGEMENT INC added | 1,700,217 | $118M | 18.3% | 2026-Q1 |
| FMR LLC added | 1,683,787 | $117M | 18.1% | 2026-Q1 |
| High Probability Advisors, LLC trimmed | 424,713 | $29M | 4.6% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 301,376 | $21M | 3.2% | 2026-Q1 |
| Dynamic Advisor Solutions LLC added | 295,299 | $20M | 3.2% | 2026-Q1 |
| LPL Financial LLC trimmed | 290,288 | $20M | 3.1% | 2026-Q1 |
| MAI Capital Management added | 286,579 | $20M | 3.1% | 2026-Q1 |
| Cetera Investment Advisers added | 281,544 | $20M | 3.0% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 247,916 | $17M | 2.7% | 2026-Q1 |
| Merit Financial Group, LLC trimmed | 226,693 | $16M | 2.4% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 213,850 | $15M | 2.3% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 206,534 | $14M | 2.2% | 2026-Q1 |
| BEACON ADVISORS HOLDINGS, LLC added | 193,688 | $13M | 2.1% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 173,294 | $12M | 1.9% | 2026-Q1 |
| Kestra Advisory Services, LLC trimmed | 147,059 | $10M | 1.6% | 2026-Q1 |
| MORGAN STANLEY added | 131,607 | $9M | 1.4% | 2026-Q1 |
| Avidian Wealth Enterprises, LLC added | 126,784 | $9M | 1.4% | 2026-Q1 |
| SAX WEALTH ADVISORS, LLC | 113,798 | $8M | 1.3% | 2026-Q1 |
| KESTRA PRIVATE WEALTH SERVICES, LLC added | 117,112 | $8M | 1.3% | 2026-Q1 |
| CONDOR CAPITAL MANAGEMENT added | 116,713 | $8M | 1.3% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 110,783 | $7M | 1.2% | 2026-Q1 |
| Creative Planning added | 106,631 | $7M | 1.1% | 2026-Q1 |
| Goodwin Investment Advisory trimmed | 79,585 | $6M | 0.9% | 2026-Q1 |
| Thrivent Financial for Lutherans trimmed | 75,817 | $5M | 0.8% | 2026-Q1 |
| Cedar Point Capital Partners, LLC added | 63,214 | $4M | 0.7% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 53,900 | $4M | 0.6% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 49,016 | $3M | 0.5% | 2026-Q1 |
| Empowered Funds, LLC trimmed | 47,801 | $3M | 0.5% | 2026-Q1 |
| Cambria Investment Management, L.P. trimmed | 47,801 | $3M | 0.5% | 2026-Q1 |
| PRIMORIS WEALTH ADVISORS, LLC trimmed | 45,623 | $3M | 0.5% | 2026-Q1 |
| ALTFEST L J & CO INC added | 45,074 | $3M | 0.5% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 41,674 | $3M | 0.4% | 2026-Q1 |
| Bouvel Investment Partners, LLC trimmed | 41,147 | $3M | 0.4% | 2026-Q1 |
| PFG Advisors trimmed | 39,379 | $3M | 0.4% | 2026-Q1 |
| Farther Finance Advisors, LLC added | 38,895 | $3M | 0.4% | 2026-Q1 |
| Prism Advisors, Inc. | 33,192 | $2M | 0.4% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 31,602 | $2M | 0.3% | 2026-Q1 |
| Darwin Wealth Management, LLC added | 25,858 | $2M | 0.3% | 2026-Q1 |
| Strategic Blueprint, LLC added | 25,002 | $2M | 0.3% | 2026-Q1 |
| Forbes Financial Planning, Inc. trimmed | 24,746 | $2M | 0.3% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP trimmed | 22,800 | $2M | 0.2% | 2026-Q1 |
| Envestnet Portfolio Solutions, Inc. added | 22,287 | $2M | 0.2% | 2026-Q1 |
| Orion Porfolio Solutions, LLC trimmed | 21,952 | $2M | 0.2% | 2026-Q1 |
| B. Riley Wealth Advisors, Inc. added | 21,066 | $1M | 0.2% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 19,481 | $1M | 0.2% | 2026-Q1 |
| Traub Capital Management LLC trimmed | 18,348 | $1M | 0.2% | 2026-Q1 |
| AE Wealth Management LLC added | 17,883 | $1M | 0.2% | 2026-Q1 |
| SCHMIDT P J INVESTMENT MANAGEMENT INC added | 17,229 | $1M | 0.2% | 2026-Q1 |
| BlackRock, Inc. new | 17,151 | $1M | 0.2% | 2026-Q1 |
| Ethos Capital Management, Inc. trimmed | 17,010 | $1M | 0.2% | 2026-Q1 |
| Sigma Planning Corp trimmed | 16,556 | $1M | 0.2% | 2026-Q1 |
| Valmark Advisers, Inc. added | 16,380 | $1M | 0.2% | 2026-Q1 |
| Spectrum Investment Advisors, Inc. added | 16,173 | $1M | 0.2% | 2026-Q1 |
| DIVERSIFY WEALTH MANAGEMENT, LLC new | 11,964 | $899K | 0.1% | 2026-Q1 |
| Sunbelt Securities, Inc. added | 12,819 | $890K | 0.1% | 2026-Q1 |
| Montis Financial, LLC trimmed | 12,600 | $874K | 0.1% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 12,379 | $859K | 0.1% | 2026-Q1 |
| Certified Advisory Corp added | 12,259 | $851K | 0.1% | 2026-Q1 |
| CWM, LLC added | 12,190 | $846K | 0.1% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 10,780 | $753K | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 10,515 | $730K | 0.1% | 2026-Q1 |
| Allworth Financial LP trimmed | 9,791 | $680K | 0.1% | 2026-Q1 |
| Cullen/Frost Bankers, Inc. added | 9,565 | $664K | 0.1% | 2026-Q1 |
| Ballast Financial Advisors LLC added | 9,304 | $646K | 0.1% | 2026-Q1 |
| Samalin Investment Counsel, LLC added | 9,240 | $641K | 0.1% | 2026-Q1 |
| &PARTNERS trimmed | 31 | $611K | 0.1% | 2026-Q1 |
| GWN SECURITIES INC. added | 8,712 | $605K | 0.1% | 2026-Q1 |
| THOROUGHBRED FINANCIAL SERVICES, LLC added | 8,676 | $602K | 0.1% | 2026-Q1 |
| Private Advisor Group, LLC added | 8,670 | $602K | 0.1% | 2026-Q1 |
| Cerity Partners LLC added | 8,042 | $558K | 0.1% | 2026-Q1 |
| Kovack Advisors, Inc. added | 7,819 | $546K | 0.1% | 2026-Q1 |
| ASSETMARK, INC added | 7,260 | $504K | 0.1% | 2026-Q1 |
| World Investment Advisors | 6,969 | $484K | 0.1% | 2026-Q1 |
| Storen Legacy Partners, LLC | 6,693 | $464K | 0.1% | 2026-Q1 |
| Equitable Holdings, Inc. trimmed | 6,276 | $454K | 0.1% | 2026-Q1 |
| Mutual Advisors, LLC trimmed | 6,381 | $443K | 0.1% | 2026-Q1 |
| Mariner, LLC added | 6,314 | $438K | 0.1% | 2026-Q1 |
| Concord Wealth Partners new | 6,227 | $432K | 0.1% | 2026-Q1 |
| Principle Wealth Partners LLC | 6,167 | $428K | 0.1% | 2026-Q1 |
| Sequoia Financial Advisors, LLC added | 6,159 | $427K | 0.1% | 2026-Q1 |
| Integrity Wealth Partners, LLC new | 6,043 | $419K | 0.1% | 2026-Q1 |
| Custos Family Office, LLC trimmed | 127,974 | $9M | 1.4% | 2025-Q4 stale |
| Vantage Financial Partners, LLC trimmed | 121,298 | $9M | 1.4% | 2025-Q4 stale |
| LVZ, Inc. trimmed | 26,041 | $2M | 0.3% | 2025-Q4 stale |
| Atria Wealth Solutions, Inc. trimmed | 27,598 | $2M | 0.3% | 2025-Q2 stale |
| FLOW TRADERS U.S. LLC added | 27,706 | $2M | 0.3% | 2025-Q1 stale |
| Orion Portfolio Solutions, LLC trimmed | 26,085 | $2M | 0.2% | 2025-Q1 stale |
| J.W. COLE ADVISORS, INC. added | 20,773 | $1M | 0.2% | 2025-Q4 stale |
| AXXCESS WEALTH MANAGEMENT, LLC added | 17,872 | $1M | 0.2% | 2025-Q4 stale |
| FOUNDATIONS INVESTMENT ADVISORS, LLC added | 16,543 | $1M | 0.2% | 2025-Q4 stale |
| CITADEL ADVISORS LLC trimmed | 14,302 | $1M | 0.2% | 2025-Q4 stale |
| Diversify Advisory Services, LLC new | 11,876 | $869K | 0.1% | 2025-Q4 stale |
| FLAGSHIP WEALTH ADVISORS, LLC | 9,430 | $682K | 0.1% | 2025-Q4 stale |
| Hoxton Planning & Management, LLC | 8,830 | $608K | 0.1% | 2025-Q3 stale |
| Crossmark Global Holdings, Inc. trimmed | 8,067 | $556K | 0.1% | 2025-Q3 stale |
| JANE STREET GROUP, LLC added | 7,254 | $524K | 0.1% | 2025-Q4 stale |
| Compound Planning, Inc. trimmed | 8,778 | $523K | 0.1% | 2025-Q1 stale |
| Kestra Investment Management, LLC added | 5,896 | $426K | 0.1% | 2025-Q4 stale |
| Global Retirement Partners, LLC trimmed | 5,575 | $403K | 0.1% | 2025-Q4 stale |
| Ameritas Advisory Services, LLC added | 5,568 | $383K | 0.1% | 2025-Q3 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.