Who owns FVD
Which tracked institutional funds hold FVD, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FVD company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-20). 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
72 tracked funds added or opened FVD while 92 trimmed or exited it between 2026-Q1 and 2026-Q2 — 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
FVD’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 FVD more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in FVD 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 617 tracked filers holding FVD, 230 increased or opened the position and 352 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 FVD 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 12
- Xcelsior Advisor Partners LLC$18M
- Global Retirement Partners, LLC$4M
- FIDUCIARY FINANCIAL ADVISORS$3M
- AXXCESS WEALTH MANAGEMENT, LLC$2M
- Mission Financial Group, LLC$2M
- VAQUERO PRIVATE WEALTH, LTD$1M
Full exits 26
- HighTower Advisors, LLC$74M
- Cambridge Investment Research Advisors, Inc.$57M
- Janney Montgomery Scott LLC$26M
- Claris Financial LLC$12M
- CWM, LLC$11M
- Baer Investment Advisory LLC$10M
Largest adds
- NewEdge Advisors, LLC$25M
- TWO SIGMA INVESTMENTS, LP$21M
- IFG Advisory, LLC$20M
- Private Advisor Group, LLC$16M
- JPMORGAN CHASE & CO$13M
- OSAIC HOLDINGS, INC.$10M
Largest trims
- LPL Financial LLC$21M
- Mariner, LLC$20M
- Gateway Wealth Partners, LLC$11M
- UBS Group AG$11M
- MORGAN STANLEY$11M
- GOLDMAN SACHS GROUP INC$7M
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 |
|---|---|---|---|---|
| MORGAN STANLEY trimmed | 17,493,310 | $843M | 18.8% | 2026-Q2 |
| LPL Financial LLC trimmed | 15,986,208 | $770M | 17.2% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 5,272,946 | $254M | 5.7% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 5,135,074 | $247M | 5.5% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 5,066,739 | $244M | 5.5% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 3,182,055 | $153M | 3.4% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 3,178,839 | $153M | 3.4% | 2026-Q2 |
| UBS Group AG trimmed | 3,062,609 | $148M | 3.3% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 2,214,926 | $107M | 2.4% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 2,012,367 | $97M | 2.2% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 1,886,816 | $91M | 2.0% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 1,883,025 | $91M | 2.0% | 2026-Q2 |
| TRUIST FINANCIAL CORP trimmed | 1,278,255 | $62M | 1.4% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 1,043,639 | $51M | 1.1% | 2026-Q2 |
| Private Advisor Group, LLC added | 1,026,523 | $49M | 1.1% | 2026-Q2 |
| Baird Financial Group, Inc. added | 889,586 | $43M | 1.0% | 2026-Q2 |
| Kestra Advisory Services, LLC trimmed | 842,919 | $41M | 0.9% | 2026-Q2 |
| New England Private Wealth Advisors LLC trimmed | 761,405 | $38M | 0.8% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 658,000 | $32M | 0.7% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 643,171 | $31M | 0.7% | 2026-Q2 |
| Prospera Financial Services Inc trimmed | 597,550 | $29M | 0.6% | 2026-Q2 |
| NewEdge Advisors, LLC added | 584,925 | $28M | 0.6% | 2026-Q2 |
| Intellus Advisors LLC added | 560,870 | $27M | 0.6% | 2026-Q2 |
| BENJAMIN EDWARDS INC trimmed | 548,951 | $26M | 0.6% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 527,597 | $25M | 0.6% | 2026-Q2 |
| PARK NATIONAL CORP /OH/ added | 507,145 | $24M | 0.5% | 2026-Q2 |
| D.A. DAVIDSON & CO. trimmed | 500,831 | $24M | 0.5% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 499,073 | $24M | 0.5% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. trimmed | 460,586 | $22M | 0.5% | 2026-Q2 |
| CITIGROUP INC added | 455,784 | $22M | 0.5% | 2026-Q2 |
| BEACON FINANCIAL GROUP added | 420,701 | $20M | 0.5% | 2026-Q2 |
| IFG Advisory, LLC added | 405,748 | $20M | 0.4% | 2026-Q2 |
| Equitable Holdings, Inc. trimmed | 394,085 | $19M | 0.4% | 2026-Q2 |
| Xcelsior Advisor Partners LLC new | 374,997 | $18M | 0.4% | 2026-Q2 |
| Solano Wealth Investment Advisors LLC trimmed | 372,837 | $18M | 0.4% | 2026-Q2 |
| PNC Financial Services Group, Inc. trimmed | 371,348 | $18M | 0.4% | 2026-Q2 |
| Concurrent Investment Advisors, LLC added | 367,222 | $18M | 0.4% | 2026-Q2 |
| Golden State Wealth Management, LLC trimmed | 361,076 | $17M | 0.4% | 2026-Q2 |
| Stratos Wealth Partners, LTD. added | 329,901 | $16M | 0.4% | 2026-Q2 |
| WealthCare Investment Partners, LLC added | 319,921 | $15M | 0.3% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 309,125 | $15M | 0.3% | 2026-Q2 |
| Petix & Botte Co added | 285,990 | $14M | 0.3% | 2026-Q2 |
| COMMERCE BANK | 285,016 | $14M | 0.3% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 283,448 | $14M | 0.3% | 2026-Q2 |
| Modern Wealth Management, LLC added | 282,502 | $14M | 0.3% | 2026-Q2 |
| Hobart Private Capital, LLC trimmed | 278,240 | $13M | 0.3% | 2026-Q2 |
| US BANCORP \DE\ added | 268,513 | $13M | 0.3% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 264,359 | $13M | 0.3% | 2026-Q2 |
| Merit Financial Group, LLC trimmed | 245,016 | $12M | 0.3% | 2026-Q2 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC trimmed | 243,569 | $12M | 0.3% | 2026-Q2 |
| &PARTNERS trimmed | 242,438 | $12M | 0.3% | 2026-Q2 |
| Beacon Pointe Advisors, LLC added | 230,627 | $11M | 0.2% | 2026-Q2 |
| Concentrum Wealth Management added | 224,937 | $11M | 0.2% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 223,746 | $11M | 0.2% | 2026-Q2 |
| Prosperity Consulting Group, LLC trimmed | 222,821 | $11M | 0.2% | 2026-Q2 |
| Proactive Wealth Strategies LLC trimmed | 207,292 | $10M | 0.2% | 2026-Q2 |
| KESTRA PRIVATE WEALTH SERVICES, LLC trimmed | 205,971 | $10M | 0.2% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 204,870 | $10M | 0.2% | 2026-Q2 |
| Gateway Wealth Partners, LLC trimmed | 204,631 | $10M | 0.2% | 2026-Q2 |
| Beacon Financial Advisory LLC trimmed | 201,229 | $10M | 0.2% | 2026-Q2 |
| ASSETMARK, INC trimmed | 186,164 | $9M | 0.2% | 2026-Q2 |
| Center for Wealth Management Advisory added | 183,653 | $9M | 0.2% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 179,818 | $9M | 0.2% | 2026-Q2 |
| IFP Advisors, Inc trimmed | 178,257 | $9M | 0.2% | 2026-Q2 |
| Sanctuary Advisors, LLC trimmed | 176,245 | $8M | 0.2% | 2026-Q2 |
| Cherry Creek Investment Advisors, Inc. added | 173,960 | $8M | 0.2% | 2026-Q2 |
| Plus Group Wealth Advisors LLC trimmed | 173,524 | $8M | 0.2% | 2026-Q2 |
| VICTORY FINANCIAL GROUP, LLC trimmed | 171,634 | $8M | 0.2% | 2026-Q2 |
| BlueChip Wealth Advisors LLC trimmed | 169,228 | $8M | 0.2% | 2026-Q2 |
| Rehmann Capital Advisory Group trimmed | 160,466 | $8M | 0.2% | 2026-Q2 |
| OPPENHEIMER & CO INC added | 158,257 | $8M | 0.2% | 2026-Q2 |
| Crumly & Associates Inc. trimmed | 157,145 | $8M | 0.2% | 2026-Q2 |
| Towerpoint Wealth, LLC added | 147,084 | $7M | 0.2% | 2026-Q2 |
| BARRETT & COMPANY, INC. added | 146,592 | $7M | 0.2% | 2026-Q2 |
| Strategic Family Wealth Counselors, L.L.C. added | 145,624 | $7M | 0.2% | 2026-Q2 |
| Holistic Financial Partners trimmed | 144,711 | $7M | 0.2% | 2026-Q2 |
| Mutual Advisors, LLC added | 143,471 | $7M | 0.2% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 136,225 | $7M | 0.1% | 2026-Q2 |
| SUMMIT WEALTH GROUP LLC / CO added | 133,757 | $6M | 0.1% | 2026-Q2 |
| Pine Valley Investments Ltd Liability Co trimmed | 133,727 | $6M | 0.1% | 2026-Q2 |
| RFG Advisory, LLC trimmed | 130,659 | $6M | 0.1% | 2026-Q2 |
| Kovack Advisors, Inc. trimmed | 130,609 | $6M | 0.1% | 2026-Q2 |
| 1776 Wealth LLC trimmed | 129,159 | $6M | 0.1% | 2026-Q2 |
| IHT Wealth Management, LLC trimmed | 124,147 | $6M | 0.1% | 2026-Q2 |
| Allworth Financial LP trimmed | 120,338 | $6M | 0.1% | 2026-Q2 |
| Clear Creek Financial Management, LLC trimmed | 118,118 | $6M | 0.1% | 2026-Q2 |
| Arkadios Wealth Advisors trimmed | 116,875 | $6M | 0.1% | 2026-Q2 |
| Higgins & Schmidt Wealth Strategies LLC trimmed | 114,938 | $6M | 0.1% | 2026-Q2 |
| Wealthcare Advisory Partners LLC trimmed | 112,331 | $5M | 0.1% | 2026-Q2 |
| Independent Advisor Alliance trimmed | 109,952 | $5M | 0.1% | 2026-Q2 |
| Wagner Wealth Management, LLC trimmed | 107,545 | $5M | 0.1% | 2026-Q2 |
| STONEHAVEN WEALTH & TAX SOLUTIONS, LLC added | 107,361 | $5M | 0.1% | 2026-Q2 |
| Sigma Planning Corp trimmed | 106,906 | $5M | 0.1% | 2026-Q2 |
| Harvest Investment Services, LLC added | 106,190 | $5M | 0.1% | 2026-Q2 |
| 1ST SOURCE BANK trimmed | 103,232 | $5M | 0.1% | 2026-Q2 |
| Snowden Capital Advisors LLC added | 103,231 | $5M | 0.1% | 2026-Q2 |
| BALANCED WEALTH GROUP LLC trimmed | 102,256 | $5M | 0.1% | 2026-Q2 |
| Western Wealth Management, LLC trimmed | 101,870 | $5M | 0.1% | 2026-Q2 |
| FSB PREMIER WEALTH MANAGEMENT, INC. trimmed | 101,612 | $5M | 0.1% | 2026-Q2 |
| Larson Financial Group LLC trimmed | 95,609 | $5M | 0.1% | 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.