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-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
26 tracked funds added or opened GAB while 16 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
GAB’s largest tracked holder by dollar value, RIVERNORTH CAPITAL MANAGEMENT, LLC, sizes it at 1.8% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.8pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
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 2026-Q1 and 2026-Q2, across 215 tracked filers holding GAB, 124 increased or opened the position and 72 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
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 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 11
- RIVERNORTH CAPITAL MANAGEMENT, LLC$37M
- Shaker Financial Services, LLC$12M
- Karpus Management, Inc.$11M
- ABSOLUTE INVESTMENT ADVISERS, LLC$9M
- J.W. COLE ADVISORS, INC.$6M
- 1607 Capital Partners, LLC$2M
Full exits 11
- PHILADELPHIA TRUST CO$6M
- Cambridge Investment Research Advisors, Inc.$3M
- Independent Advisor Alliance$2M
- BOOTHBAY FUND MANAGEMENT, LLC$2M
- COHEN & STEERS, INC.$2M
- Cable Car Capital, LP$1M
Largest adds
- Ursa Fund Management, LLC$29M
- Quarry LP$2M
- BANK OF AMERICA CORP /DE/$2M
- NOMURA HOLDINGS INC$2M
- INDEPENDENT FINANCIAL GROUP, LLC$958K
- MORGAN STANLEY$863K
Largest trims
- Alpine Global Management, LLC$2M
- Yakira Capital Management, Inc.$1M
- LPL Financial LLC$792K
- TRUIST FINANCIAL CORP$534K
- World Investment Advisors$276K
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 |
|---|---|---|---|---|
| RIVERNORTH CAPITAL MANAGEMENT, LLC new | 6,609,367 | $37M | 15.0% | 2026-Q2 |
| Ursa Fund Management, LLC added | 5,555,196 | $31M | 12.6% | 2026-Q2 |
| LPL Financial LLC trimmed | 4,296,092 | $24M | 9.7% | 2026-Q2 |
| MORGAN STANLEY added | 2,598,911 | $15M | 5.9% | 2026-Q2 |
| Shaker Financial Services, LLC added | 2,073,169 | $12M | 4.7% | 2026-Q2 |
| Karpus Management, Inc. new | 1,973,929 | $11M | 4.5% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 1,559,070 | $9M | 3.5% | 2026-Q2 |
| ABSOLUTE INVESTMENT ADVISERS, LLC new | 1,508,078 | $9M | 3.4% | 2026-Q2 |
| J.W. COLE ADVISORS, INC. trimmed | 998,455 | $6M | 2.3% | 2026-Q2 |
| GAMCO INVESTORS, INC. ET AL added | 925,844 | $5M | 2.1% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 894,767 | $5M | 2.0% | 2026-Q2 |
| Cetera Investment Advisers added | 738,887 | $4M | 1.7% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 717,391 | $4M | 1.6% | 2026-Q2 |
| INDEPENDENT FINANCIAL GROUP, LLC added | 663,866 | $4M | 1.5% | 2026-Q2 |
| Live Oak Private Wealth LLC added | 635,255 | $4M | 1.4% | 2026-Q2 |
| Quarry LP added | 624,167 | $4M | 1.4% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 605,199 | $3M | 1.4% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 575,391 | $3M | 1.3% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 498,834 | $3M | 1.1% | 2026-Q2 |
| SCOTIA CAPITAL INC. added | 458,173 | $3M | 1.0% | 2026-Q2 |
| UBS Group AG added | 424,085 | $2M | 1.0% | 2026-Q2 |
| 1607 Capital Partners, LLC new | 400,000 | $2M | 0.9% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 364,375 | $2M | 0.8% | 2026-Q2 |
| Cerity Partners LLC added | 359,456 | $2M | 0.8% | 2026-Q2 |
| Accel Wealth Management trimmed | 323,540 | $2M | 0.7% | 2026-Q2 |
| Creative Planning trimmed | 322,128 | $2M | 0.7% | 2026-Q2 |
| GUGGENHEIM CAPITAL LLC added | 320,400 | $2M | 0.7% | 2026-Q2 |
| NOMURA HOLDINGS INC added | 313,820 | $2M | 0.7% | 2026-Q2 |
| Golden State Wealth Management, LLC trimmed | 267,909 | $2M | 0.6% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 266,840 | $2M | 0.6% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 262,828 | $1M | 0.6% | 2026-Q2 |
| Private Advisor Group, LLC added | 240,371 | $1M | 0.5% | 2026-Q2 |
| Marks Group Wealth Management, Inc | 227,710 | $1M | 0.5% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 214,277 | $1M | 0.5% | 2026-Q2 |
| TRUIST FINANCIAL CORP trimmed | 199,918 | $1M | 0.5% | 2026-Q2 |
| IMC-Chicago, LLC new | 183,328 | $1M | 0.4% | 2026-Q2 |
| Yakira Capital Management, Inc. trimmed | 179,964 | $1M | 0.4% | 2026-Q2 |
| Almitas Capital LLC new | 169,700 | $961K | 0.4% | 2026-Q2 |
| WOLVERINE ASSET MANAGEMENT LLC added | 153,010 | $866K | 0.3% | 2026-Q2 |
| PMG Family Office LLC added | 152,047 | $861K | 0.3% | 2026-Q2 |
| Clear Street Group Inc. new | 150,000 | $849K | 0.3% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 148,431 | $840K | 0.3% | 2026-Q2 |
| Wealthspire Advisors, LLC added | 147,116 | $833K | 0.3% | 2026-Q2 |
| TrueMark Investments, LLC new | 145,438 | $823K | 0.3% | 2026-Q2 |
| Mariner, LLC added | 139,214 | $788K | 0.3% | 2026-Q2 |
| Dynamic Advisor Solutions LLC added | 137,419 | $778K | 0.3% | 2026-Q2 |
| Valley Brook Capital Group, Inc. trimmed | 133,336 | $755K | 0.3% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 128,364 | $727K | 0.3% | 2026-Q2 |
| Kera Capital Partners, Inc. added | 114,003 | $645K | 0.3% | 2026-Q2 |
| PFG Investments, LLC added | 108,264 | $613K | 0.2% | 2026-Q2 |
| HOLLENCREST CAPITAL MANAGEMENT added | 106,243 | $601K | 0.2% | 2026-Q2 |
| Stratos Wealth Partners, LTD. trimmed | 102,298 | $579K | 0.2% | 2026-Q2 |
| Advisory Advocates, LLC added | 102,128 | $578K | 0.2% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS trimmed | 94,918 | $537K | 0.2% | 2026-Q2 |
| Advisory Services Network, LLC trimmed | 92,634 | $524K | 0.2% | 2026-Q2 |
| FLYNN ZITO CAPITAL MANAGEMENT, LLC added | 89,759 | $508K | 0.2% | 2026-Q2 |
| OPPENHEIMER & CO INC added | 89,499 | $507K | 0.2% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 86,500 | $492K | 0.2% | 2026-Q2 |
| LEIGH BALDWIN & CO., LLC | 86,084 | $487K | 0.2% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 78,865 | $445K | 0.2% | 2026-Q2 |
| BROWN BROTHERS HARRIMAN & CO new | 77,124 | $437K | 0.2% | 2026-Q2 |
| HCR Wealth Advisors | 75,353 | $426K | 0.2% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 75,103 | $425K | 0.2% | 2026-Q2 |
| Darden Wealth Group Inc added | 73,900 | $418K | 0.2% | 2026-Q2 |
| BRIGHTON JONES LLC new | 72,704 | $412K | 0.2% | 2026-Q2 |
| KINGSWOOD WEALTH ADVISORS, LLC added | 71,321 | $404K | 0.2% | 2026-Q2 |
| Equitable Holdings, Inc. added | 71,102 | $402K | 0.2% | 2026-Q2 |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management trimmed | 67,682 | $383K | 0.2% | 2026-Q2 |
| XTX Topco Ltd new | 65,075 | $368K | 0.1% | 2026-Q2 |
| Zinnia Wealth Advisory, LLC added | 64,901 | $367K | 0.1% | 2026-Q2 |
| Core Wealth Advisors, Inc. added | 63,364 | $359K | 0.1% | 2026-Q2 |
| Kingstone Capital Partners Texas, LLC added | 53,922 | $305K | 0.1% | 2026-Q2 |
| Midwest Trust Co | 52,810 | $299K | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 49,431 | $280K | 0.1% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 49,331 | $279K | 0.1% | 2026-Q2 |
| Integrity Advisory Solutions, LLC added | 48,933 | $277K | 0.1% | 2026-Q2 |
| Plancorp, LLC | 47,898 | $272K | 0.1% | 2026-Q2 |
| BENJAMIN EDWARDS INC added | 47,814 | $271K | 0.1% | 2026-Q2 |
| Arista Wealth Management, LLC | 47,128 | $267K | 0.1% | 2026-Q2 |
| Shulman DeMeo Asset Management LLC trimmed | 44,634 | $253K | 0.1% | 2026-Q2 |
| Dakota Wealth Management new | 44,610 | $252K | 0.1% | 2026-Q2 |
| MISSION WEALTH MANAGEMENT, LP added | 41,816 | $237K | 0.1% | 2026-Q2 |
| Graves Light Lenhart Wealth, Inc. | 41,224 | $233K | 0.1% | 2026-Q2 |
| Pinnacle Financial Partners, Inc. trimmed | 39,468 | $223K | 0.1% | 2026-Q2 |
| World Investment Advisors trimmed | 38,958 | $221K | 0.1% | 2026-Q2 |
| Allworth Financial LP added | 38,953 | $220K | 0.1% | 2026-Q2 |
| Coquina Private Wealth LLC added | 38,876 | $220K | 0.1% | 2026-Q2 |
| Kingsview Wealth Management, LLC added | 38,152 | $216K | 0.1% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 38,001 | $215K | 0.1% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC new | 36,868 | $209K | 0.1% | 2026-Q2 |
| IFG Advisory, LLC added | 35,877 | $203K | 0.1% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 35,033 | $198K | 0.1% | 2026-Q2 |
| GREAT VALLEY ADVISOR GROUP, INC. added | 34,642 | $196K | 0.1% | 2026-Q2 |
| Kapstone Financial Advisors LLC added | 34,435 | $195K | 0.1% | 2026-Q2 |
| Brookstone Capital Management added | 34,267 | $194K | 0.1% | 2026-Q2 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC added | 34,139 | $192K | 0.1% | 2026-Q2 |
| SMITH, MOORE & CO. added | 33,879 | $192K | 0.1% | 2026-Q2 |
| Marex Group Ltd new | 32,552 | $184K | 0.1% | 2026-Q2 |
| Legacy Wealth Management, LLC / MS added | 32,223 | $182K | 0.1% | 2026-Q2 |
| Symphony Financial Services, Inc. added | 32,152 | $182K | 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.