Who owns 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-Q2 13F filings (latest filed 2026-08-19). 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 2026-Q1 and 2026-Q2: 53 added or opened and 10 trimmed or exited — on balance accumulating.
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 2026-Q1 and 2026-Q2, across 151 tracked filers holding FVAL, 92 increased or opened the position and 57 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 2026-Q1 and 2026-Q2 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
- SteelPeak Wealth, LLC$3M
- AXXCESS WEALTH MANAGEMENT, LLC$2M
- J.W. COLE ADVISORS, INC.$1M
- GTS SECURITIES LLC$1M
- LVZ, Inc.$1M
- FLAGSHIP WEALTH ADVISORS, LLC$789K
Full exits 6
- Thrivent Financial for Lutherans$5M
- Cambridge Investment Research Advisors, Inc.$3M
- TWO SIGMA INVESTMENTS, LP$2M
- Sunbelt Securities, Inc.$890K
- CWM, LLC$846K
- THOROUGHBRED FINANCIAL SERVICES, LLC$602K
Largest adds
- ENVESTNET ASSET MANAGEMENT INC$20M
- FMR LLC$11M
- COMMONWEALTH EQUITY SERVICES, LLC$8M
- Cetera Investment Advisers$6M
- Dynamic Advisor Solutions LLC$5M
- High Probability Advisors, LLC$5M
Largest trims
- GOLDMAN SACHS GROUP INC$735K
- SAX WEALTH ADVISORS, LLC$550K
- PFG Advisors$452K
- Private Advisor Group, LLC$388K
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| ENVESTNET ASSET MANAGEMENT INC added | 1,772,697 | $138M | 19.1% | 2026-Q2 |
| FMR LLC trimmed | 1,637,699 | $128M | 17.6% | 2026-Q2 |
| High Probability Advisors, LLC added | 443,665 | $35M | 4.8% | 2026-Q2 |
| Dynamic Advisor Solutions LLC added | 331,727 | $26M | 3.6% | 2026-Q2 |
| Cetera Investment Advisers added | 330,809 | $26M | 3.6% | 2026-Q2 |
| LPL Financial LLC added | 307,043 | $24M | 3.3% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 306,081 | $24M | 3.3% | 2026-Q2 |
| MAI Capital Management added | 294,572 | $23M | 3.2% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 290,288 | $23M | 3.1% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 254,515 | $20M | 2.7% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 222,606 | $17M | 2.4% | 2026-Q2 |
| Merit Financial Group, LLC trimmed | 211,220 | $16M | 2.3% | 2026-Q2 |
| BEACON ADVISORS HOLDINGS, LLC trimmed | 183,209 | $14M | 2.0% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 179,343 | $14M | 1.9% | 2026-Q2 |
| Kestra Advisory Services, LLC trimmed | 145,218 | $11M | 1.6% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 136,513 | $11M | 1.5% | 2026-Q2 |
| MORGAN STANLEY trimmed | 131,305 | $10M | 1.4% | 2026-Q2 |
| Avidian Wealth Enterprises, LLC added | 129,437 | $10M | 1.4% | 2026-Q2 |
| KESTRA PRIVATE WEALTH SERVICES, LLC added | 128,094 | $10M | 1.4% | 2026-Q2 |
| Custos Family Office, LLC added | 123,100 | $10M | 1.3% | 2026-Q2 |
| CONDOR CAPITAL MANAGEMENT added | 118,961 | $9M | 1.3% | 2026-Q2 |
| SAX WEALTH ADVISORS, LLC trimmed | 110,577 | $8M | 1.1% | 2026-Q2 |
| Creative Planning added | 106,907 | $8M | 1.2% | 2026-Q2 |
| Goodwin Investment Advisory added | 89,747 | $7M | 1.0% | 2026-Q2 |
| Cedar Point Capital Partners, LLC added | 65,137 | $5M | 0.7% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 61,226 | $5M | 0.7% | 2026-Q2 |
| Certified Advisory Corp added | 50,093 | $4M | 0.5% | 2026-Q2 |
| Empowered Funds, LLC trimmed | 47,384 | $4M | 0.5% | 2026-Q2 |
| Cambria Investment Management, L.P. trimmed | 47,384 | $4M | 0.5% | 2026-Q2 |
| PRIMORIS WEALTH ADVISORS, LLC added | 46,798 | $4M | 0.5% | 2026-Q2 |
| ALTFEST L J & CO INC trimmed | 44,159 | $3M | 0.5% | 2026-Q2 |
| SteelPeak Wealth, LLC new | 42,247 | $3M | 0.5% | 2026-Q2 |
| Bouvel Investment Partners, LLC trimmed | 39,349 | $3M | 0.4% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 39,278 | $3M | 0.4% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 38,175 | $3M | 0.4% | 2026-Q2 |
| Prism Advisors, Inc. trimmed | 33,185 | $3M | 0.4% | 2026-Q2 |
| PFG Advisors trimmed | 29,263 | $2M | 0.3% | 2026-Q2 |
| AXXCESS WEALTH MANAGEMENT, LLC added | 27,147 | $2M | 0.3% | 2026-Q2 |
| Darwin Wealth Management, LLC added | 27,146 | $2M | 0.3% | 2026-Q2 |
| Strategic Blueprint, LLC added | 26,665 | $2M | 0.3% | 2026-Q2 |
| B. Riley Wealth Advisors, Inc. added | 24,937 | $2M | 0.3% | 2026-Q2 |
| Forbes Financial Planning, Inc. trimmed | 24,627 | $2M | 0.3% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 24,599 | $2M | 0.3% | 2026-Q2 |
| Envestnet Portfolio Solutions, Inc. added | 22,894 | $2M | 0.2% | 2026-Q2 |
| Orion Porfolio Solutions, LLC added | 22,080 | $2M | 0.2% | 2026-Q2 |
| AE Wealth Management LLC added | 20,341 | $2M | 0.2% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 20,241 | $2M | 0.2% | 2026-Q2 |
| J.W. COLE ADVISORS, INC. trimmed | 19,203 | $1M | 0.2% | 2026-Q2 |
| Spectrum Investment Advisors, Inc. added | 18,860 | $1M | 0.2% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 18,709 | $1M | 0.2% | 2026-Q2 |
| GTS SECURITIES LLC new | 18,192 | $1M | 0.2% | 2026-Q2 |
| Traub Capital Management LLC trimmed | 17,605 | $1M | 0.2% | 2026-Q2 |
| LVZ, Inc. trimmed | 17,433 | $1M | 0.2% | 2026-Q2 |
| BlackRock, Inc. | 17,151 | $1M | 0.2% | 2026-Q2 |
| SCHMIDT P J INVESTMENT MANAGEMENT INC trimmed | 17,062 | $1M | 0.2% | 2026-Q2 |
| Sigma Planning Corp trimmed | 16,308 | $1M | 0.2% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 15,023 | $1M | 0.2% | 2026-Q2 |
| Valmark Advisers, Inc. trimmed | 14,807 | $1M | 0.2% | 2026-Q2 |
| Montis Financial, LLC trimmed | 12,473 | $972K | 0.1% | 2026-Q2 |
| Ethos Capital Management, Inc. trimmed | 11,976 | $933K | 0.1% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 11,372 | $903K | 0.1% | 2026-Q2 |
| Cullen/Frost Bankers, Inc. added | 10,653 | $830K | 0.1% | 2026-Q2 |
| FLAGSHIP WEALTH ADVISORS, LLC added | 10,120 | $789K | 0.1% | 2026-Q2 |
| Allworth Financial LP added | 9,932 | $774K | 0.1% | 2026-Q2 |
| Ballast Financial Advisors LLC added | 9,716 | $757K | 0.1% | 2026-Q2 |
| &PARTNERS added | 9,517 | $768K | 0.1% | 2026-Q2 |
| Samalin Investment Counsel, LLC added | 9,246 | $721K | 0.1% | 2026-Q2 |
| GWN SECURITIES INC. added | 8,797 | $686K | 0.1% | 2026-Q2 |
| ASSETMARK, INC added | 8,611 | $671K | 0.1% | 2026-Q2 |
| Cerity Partners LLC added | 8,411 | $655K | 0.1% | 2026-Q2 |
| DIVERSIFY WEALTH MANAGEMENT, LLC trimmed | 8,281 | $659K | 0.1% | 2026-Q2 |
| Diversify Advisory Services, LLC trimmed | 8,281 | $659K | 0.1% | 2026-Q2 |
| Kovack Advisors, Inc. added | 8,212 | $640K | 0.1% | 2026-Q2 |
| NewEdge Advisors, LLC trimmed | 8,166 | $636K | 0.1% | 2026-Q2 |
| Equitable Holdings, Inc. added | 8,095 | $631K | 0.1% | 2026-Q2 |
| Midwest Financial Network, LLC new | 8,070 | $629K | 0.1% | 2026-Q2 |
| OneDigital Investment Advisors LLC new | 8,045 | $627K | 0.1% | 2026-Q2 |
| World Investment Advisors | 6,969 | $542K | 0.1% | 2026-Q2 |
| Storen Legacy Partners, LLC | 6,693 | $522K | 0.1% | 2026-Q2 |
| Ameritas Advisory Services, LLC added | 6,663 | $519K | 0.1% | 2026-Q2 |
| Mariner, LLC added | 6,486 | $505K | 0.1% | 2026-Q2 |
| Mutual Advisors, LLC added | 6,403 | $499K | 0.1% | 2026-Q2 |
| Concord Wealth Partners added | 6,250 | $487K | 0.1% | 2026-Q2 |
| Sequoia Financial Advisors, LLC added | 6,182 | $482K | 0.1% | 2026-Q2 |
| Principle Wealth Partners LLC | 6,167 | $481K | 0.1% | 2026-Q2 |
| Prepared Retirement Institute LLC added | 6,157 | $480K | 0.1% | 2026-Q2 |
| Ascent Group, LLC added | 6,087 | $474K | 0.1% | 2026-Q2 |
| Global Retirement Partners, LLC trimmed | 5,564 | $434K | 0.1% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. added | 5,384 | $420K | 0.1% | 2026-Q2 |
| RCS Financial Planning, LLC new | 5,218 | $407K | 0.1% | 2026-Q2 |
| Cyndeo Wealth Partners, LLC | 5,141 | $401K | 0.1% | 2026-Q2 |
| Quantinno Capital Management LP added | 4,756 | $371K | 0.1% | 2026-Q2 |
| Advisory Services Network, LLC added | 4,718 | $368K | 0.1% | 2026-Q2 |
| Arkadios Wealth Advisors | 4,619 | $360K | 0.0% | 2026-Q2 |
| Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors added | 4,494 | $350K | 0.0% | 2026-Q2 |
| AVAII WEALTH MANAGEMENT, LLC trimmed | 4,392 | $342K | 0.0% | 2026-Q2 |
| CoreCap Advisors, LLC trimmed | 4,377 | $341K | 0.0% | 2026-Q2 |
| New England Private Wealth Advisors LLC added | 4,348 | $345K | 0.0% | 2026-Q2 |
| CFO4Life Group, LLC added | 4,137 | $322K | 0.0% | 2026-Q2 |
| LaSalle St. Investment Advisors, LLC trimmed | 4,007 | $312K | 0.0% | 2026-Q2 |
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.