Who owns GAB
Which tracked institutional funds hold GAB, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See GAB company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-20). 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
13 tracked funds added or opened GAB while 25 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
GAB’s largest tracked holder by dollar value, LPL Financial LLC, 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 gap the other way — the median holder sizes GAB more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in GAB 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 205 tracked filers holding GAB, 103 increased or opened the position and 61 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 GAB 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$2M
- Ursa Fund Management, LLC$2M
- Yakira Capital Management, Inc.$2M
- BOOTHBAY FUND MANAGEMENT, LLC$2M
- Alpine Global Management, LLC$2M
- COHEN & STEERS, INC.$2M
Full exits 2
- J.W. COLE ADVISORS, INC.$7M
- Advisors Asset Management, Inc.$1M
Largest adds
- TRUIST FINANCIAL CORP$602K
- Ascentis Independent Advisors$443K
- JPMORGAN CHASE & CO$278K
Largest trims
- LPL Financial LLC$2M
- MORGAN STANLEY$1M
- BANK OF AMERICA CORP /DE/$1M
- GUGGENHEIM CAPITAL LLC$887K
- PHILADELPHIA TRUST CO$843K
- COMMONWEALTH EQUITY SERVICES, LLC$827K
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 |
|---|---|---|---|---|
| LPL Financial LLC added | 4,483,488 | $25M | 15.9% | 2026-Q1 |
| MORGAN STANLEY added | 2,472,584 | $14M | 8.8% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 1,523,158 | $9M | 5.4% | 2026-Q1 |
| PHILADELPHIA TRUST CO trimmed | 1,023,419 | $6M | 3.6% | 2026-Q1 |
| GAMCO INVESTORS, INC. ET AL | 841,675 | $5M | 3.0% | 2026-Q1 |
| Cetera Investment Advisers added | 708,495 | $4M | 2.5% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 612,585 | $3M | 2.2% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 578,779 | $3M | 2.1% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 569,072 | $3M | 2.0% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 551,907 | $3M | 2.0% | 2026-Q1 |
| Live Oak Private Wealth LLC | 514,176 | $3M | 1.8% | 2026-Q1 |
| INDEPENDENT FINANCIAL GROUP, LLC trimmed | 499,966 | $3M | 1.8% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 467,229 | $3M | 1.7% | 2026-Q1 |
| SCOTIA CAPITAL INC. trimmed | 454,585 | $3M | 1.6% | 2026-Q1 |
| Kestra Advisory Services, LLC trimmed | 452,971 | $3M | 1.6% | 2026-Q1 |
| Independent Advisor Alliance added | 405,588 | $2M | 1.4% | 2026-Q1 |
| Ursa Fund Management, LLC new | 367,924 | $2M | 1.3% | 2026-Q1 |
| Yakira Capital Management, Inc. added | 362,409 | $2M | 1.3% | 2026-Q1 |
| BOOTHBAY FUND MANAGEMENT, LLC new | 352,055 | $2M | 1.2% | 2026-Q1 |
| Cerity Partners LLC added | 345,772 | $2M | 1.2% | 2026-Q1 |
| Accel Wealth Management trimmed | 343,642 | $2M | 1.2% | 2026-Q1 |
| Alpine Global Management, LLC new | 336,337 | $2M | 1.2% | 2026-Q1 |
| Creative Planning trimmed | 325,935 | $2M | 1.2% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 319,274 | $2M | 1.1% | 2026-Q1 |
| UBS Group AG trimmed | 304,005 | $2M | 1.1% | 2026-Q1 |
| GUGGENHEIM CAPITAL LLC trimmed | 303,875 | $2M | 1.1% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 297,436 | $2M | 1.1% | 2026-Q1 |
| Golden State Wealth Management, LLC added | 287,296 | $2M | 1.0% | 2026-Q1 |
| COHEN & STEERS, INC. trimmed | 280,000 | $2M | 1.0% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 269,630 | $2M | 1.0% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 248,999 | $1M | 0.9% | 2026-Q1 |
| Marks Group Wealth Management, Inc trimmed | 227,710 | $1M | 0.8% | 2026-Q1 |
| Rockefeller Capital Management L.P. trimmed | 215,206 | $1M | 0.8% | 2026-Q1 |
| Private Advisor Group, LLC added | 200,458 | $1M | 0.7% | 2026-Q1 |
| Cable Car Capital, LP new | 200,000 | $1M | 0.7% | 2026-Q1 |
| WEDBUSH SECURITIES INC added | 190,532 | $1M | 0.7% | 2026-Q1 |
| Quarry LP new | 189,452 | $1M | 0.7% | 2026-Q1 |
| Ascentis Independent Advisors added | 181,816 | $1M | 0.6% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 159,155 | $891K | 0.6% | 2026-Q1 |
| Wealthspire Advisors, LLC added | 147,092 | $824K | 0.5% | 2026-Q1 |
| PMG Family Office LLC added | 144,361 | $808K | 0.5% | 2026-Q1 |
| Dynamic Advisor Solutions LLC new | 134,472 | $753K | 0.5% | 2026-Q1 |
| Valley Brook Capital Group, Inc. added | 133,960 | $750K | 0.5% | 2026-Q1 |
| Stratos Wealth Partners, LTD. trimmed | 107,486 | $602K | 0.4% | 2026-Q1 |
| Kera Capital Partners, Inc. | 105,780 | $592K | 0.4% | 2026-Q1 |
| Advisory Advocates, LLC added | 102,038 | $571K | 0.4% | 2026-Q1 |
| PFG Investments, LLC added | 101,476 | $568K | 0.4% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS added | 100,452 | $563K | 0.4% | 2026-Q1 |
| HOLLENCREST CAPITAL MANAGEMENT | 95,533 | $535K | 0.3% | 2026-Q1 |
| Advisory Services Network, LLC added | 94,904 | $531K | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 91,070 | $510K | 0.3% | 2026-Q1 |
| HighTower Advisors, LLC added | 90,124 | $505K | 0.3% | 2026-Q1 |
| FLYNN ZITO CAPITAL MANAGEMENT, LLC added | 89,280 | $500K | 0.3% | 2026-Q1 |
| OPPENHEIMER & CO INC added | 89,255 | $500K | 0.3% | 2026-Q1 |
| World Investment Advisors added | 88,662 | $497K | 0.3% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 87,395 | $489K | 0.3% | 2026-Q1 |
| LEIGH BALDWIN & CO., LLC | 86,084 | $482K | 0.3% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 80,028 | $448K | 0.3% | 2026-Q1 |
| HCR Wealth Advisors | 75,353 | $422K | 0.3% | 2026-Q1 |
| Equitable Holdings, Inc. added | 65,601 | $403K | 0.3% | 2026-Q1 |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management | 71,611 | $401K | 0.3% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 69,800 | $383K | 0.2% | 2026-Q1 |
| KINGSWOOD WEALTH ADVISORS, LLC | 68,021 | $381K | 0.2% | 2026-Q1 |
| Mariner, LLC trimmed | 66,058 | $370K | 0.2% | 2026-Q1 |
| Zinnia Wealth Advisory, LLC added | 63,505 | $356K | 0.2% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 61,848 | $346K | 0.2% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 61,292 | $343K | 0.2% | 2026-Q1 |
| Darden Wealth Group Inc | 57,000 | $319K | 0.2% | 2026-Q1 |
| &PARTNERS new | 55,358 | $310K | 0.2% | 2026-Q1 |
| Midwest Trust Co | 52,810 | $296K | 0.2% | 2026-Q1 |
| EXENCIAL WEALTH ADVISORS, LLC | 48,722 | $273K | 0.2% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 48,329 | $271K | 0.2% | 2026-Q1 |
| Plancorp, LLC added | 47,898 | $268K | 0.2% | 2026-Q1 |
| Shulman DeMeo Asset Management LLC trimmed | 47,808 | $268K | 0.2% | 2026-Q1 |
| Arista Wealth Management, LLC | 47,128 | $264K | 0.2% | 2026-Q1 |
| NBC SECURITIES, INC. added | 46,172 | $259K | 0.2% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC new | 45,386 | $254K | 0.2% | 2026-Q1 |
| BENJAMIN EDWARDS INC added | 44,851 | $251K | 0.2% | 2026-Q1 |
| Kingstone Capital Partners Texas, LLC added | 43,060 | $241K | 0.2% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 43,777 | $234K | 0.1% | 2026-Q1 |
| Graves Light Lenhart Wealth, Inc. | 41,224 | $231K | 0.1% | 2026-Q1 |
| Pinnacle Financial Partners, Inc. added | 39,768 | $223K | 0.1% | 2026-Q1 |
| Allworth Financial LP added | 38,941 | $218K | 0.1% | 2026-Q1 |
| Coquina Private Wealth LLC trimmed | 38,306 | $215K | 0.1% | 2026-Q1 |
| MISSION WEALTH MANAGEMENT, LP | 37,574 | $210K | 0.1% | 2026-Q1 |
| Kingsview Wealth Management, LLC trimmed | 36,833 | $206K | 0.1% | 2026-Q1 |
| Core Wealth Advisors, Inc. new | 36,747 | $206K | 0.1% | 2026-Q1 |
| J.W. COLE ADVISORS, INC. trimmed | 1,082,702 | $7M | 4.2% | 2025-Q4 stale |
| Advisors Asset Management, Inc. trimmed | 185,326 | $1M | 0.7% | 2025-Q4 stale |
| Thrivent Financial for Lutherans added | 191,249 | $1M | 0.7% | 2025-Q2 stale |
| HRT FINANCIAL LP added | 108,835 | $662K | 0.4% | 2025-Q3 stale |
| Consolidated Portfolio Review Corp trimmed | 108,342 | $660K | 0.4% | 2025-Q3 stale |
| CHOREO, LLC | 92,100 | $536K | 0.3% | 2025-Q2 stale |
| Elevated Private Wealth, LLC new | 56,836 | $351K | 0.2% | 2025-Q4 stale |
| Stonegate Investment Group, LLC added | 49,139 | $299K | 0.2% | 2025-Q3 stale |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 53,218 | $293K | 0.2% | 2025-Q1 stale |
| FINANCIAL COUNSELORS INC trimmed | 52,810 | $291K | 0.2% | 2025-Q1 stale |
| AVANTAX ADVISORY SERVICES, INC. trimmed | 46,000 | $268K | 0.2% | 2025-Q2 stale |
| Atria Wealth Solutions, Inc. trimmed | 42,033 | $245K | 0.2% | 2025-Q2 stale |
| SYNOVUS FINANCIAL CORP | 39,468 | $240K | 0.2% | 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.