Who owns Gladstone Investment (GAIN)
Which tracked institutional funds hold GAIN, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See GAIN company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-17). 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
9 tracked funds added or opened GAIN while 9 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
GAIN’s largest tracked holder by dollar value, PANORAMIC INVESTMENT ADVISORS, LLC, sizes it at 7.3% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 7.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in GAIN 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 91 tracked filers holding GAIN, 39 increased or opened the position and 44 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 GAIN 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 3
- MARSHALL WACE, LLP$2M
- CITADEL ADVISORS LLC$581K
- CONFLUENCE INVESTMENT MANAGEMENT LLC$572K
Full exits 5
- PANORAMIC INVESTMENT ADVISORS, LLC$15M
- Squarepoint Ops LLC$1M
- JANE STREET GROUP, LLC$991K
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$655K
- CANADA LIFE ASSURANCE Co$621K
Largest adds
- Union Bancaire Privee, UBP SA$9M
- VAN ECK ASSOCIATES CORP$4M
- Legal & General Group Plc$932K
- MORGAN STANLEY$608K
- Invesco Ltd.$509K
- BlackRock, Inc.$468K
Largest trims
- Melia Wealth LLC$5M
- TWO SIGMA INVESTMENTS, LP$2M
- UBS Group AG$841K
- PFG Advisors$819K
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 |
|---|---|---|---|---|
| VAN ECK ASSOCIATES CORP added | 804,098 | $12M | 9.8% | 2026-Q2 |
| Melia Wealth LLC trimmed | 656,313 | $10M | 8.0% | 2026-Q2 |
| UBS Group AG trimmed | 618,149 | $10M | 7.5% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP trimmed | 584,106 | $9M | 7.1% | 2026-Q2 |
| Union Bancaire Privee, UBP SA | 3,570 | $9M | 6.9% | 2026-Q2 |
| MORGAN STANLEY added | 349,848 | $5M | 4.3% | 2026-Q2 |
| Legal & General Group Plc added | 337,067 | $5M | 4.1% | 2026-Q2 |
| PFG Advisors trimmed | 236,628 | $4M | 2.9% | 2026-Q2 |
| BlackRock, Inc. added | 220,759 | $3M | 2.7% | 2026-Q2 |
| OUTFITTERS FINANCIAL LLC trimmed | 203,370 | $3M | 2.5% | 2026-Q2 |
| LPL Financial LLC trimmed | 185,176 | $3M | 2.3% | 2026-Q2 |
| BLAIR WILLIAM & CO/IL trimmed | 143,679 | $2M | 1.8% | 2026-Q2 |
| DAVENPORT & Co LLC added | 142,530 | $2M | 1.7% | 2026-Q2 |
| TUDOR INVESTMENT CORP ET AL trimmed | 120,964 | $2M | 1.5% | 2026-Q2 |
| MARSHALL WACE, LLP trimmed | 116,693 | $2M | 1.4% | 2026-Q2 |
| Legacy Capital Wealth Partners, LLC trimmed | 113,833 | $2M | 1.4% | 2026-Q2 |
| Advisors Asset Management, Inc. trimmed | 104,239 | $2M | 1.3% | 2026-Q2 |
| Atlantic Union Bankshares Corp trimmed | 96,664 | $1M | 1.2% | 2026-Q2 |
| OSAIC HOLDINGS, INC. trimmed | 91,023 | $1M | 1.1% | 2026-Q2 |
| Baird Financial Group, Inc. | 90,300 | $1M | 1.1% | 2026-Q2 |
| Invesco Ltd. added | 72,620 | $1M | 0.9% | 2026-Q2 |
| United Advisor Group, LLC trimmed | 72,190 | $1M | 0.9% | 2026-Q2 |
| ALBERT D MASON INC added | 69,455 | $1M | 0.8% | 2026-Q2 |
| Cassaday & Co Wealth Management LLC trimmed | 62,500 | $966K | 0.8% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 58,446 | $904K | 0.7% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 54,244 | $839K | 0.7% | 2026-Q2 |
| Cetera Investment Advisers added | 42,007 | $649K | 0.5% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 37,593 | $581K | 0.5% | 2026-Q2 |
| CONFLUENCE INVESTMENT MANAGEMENT LLC new | 36,982 | $572K | 0.5% | 2026-Q2 |
| Garner Asset Management Corp trimmed | 32,493 | $502K | 0.4% | 2026-Q2 |
| Aquatic Capital Management LLC added | 29,776 | $460K | 0.4% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 22,593 | $349K | 0.3% | 2026-Q2 |
| GREENWOOD GEARHART LLC added | 22,400 | $346K | 0.3% | 2026-Q2 |
| Virtus Investment Advisers, LLC trimmed | 22,223 | $344K | 0.3% | 2026-Q2 |
| Focus Partners Wealth added | 20,911 | $323K | 0.3% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 20,483 | $317K | 0.3% | 2026-Q2 |
| NewEdge Advisors, LLC added | 20,476 | $317K | 0.3% | 2026-Q2 |
| AMERIFLEX GROUP, INC. trimmed | 18,858 | $292K | 0.2% | 2026-Q2 |
| State of Wyoming added | 17,916 | $277K | 0.2% | 2026-Q2 |
| MACKENZIE FINANCIAL CORP new | 16,010 | $248K | 0.2% | 2026-Q2 |
| Prosperity Financial Group, Inc. | 15,700 | $243K | 0.2% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 13,747 | $213K | 0.2% | 2026-Q2 |
| Private Advisor Group, LLC trimmed | 13,652 | $211K | 0.2% | 2026-Q2 |
| Creative Planning added | 13,615 | $210K | 0.2% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 12,639 | $195K | 0.2% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 11,555 | $179K | 0.1% | 2026-Q2 |
| Hardy Reed LLC added | 11,472 | $177K | 0.1% | 2026-Q2 |
| Sound Income Strategies, LLC trimmed | 10,456 | $162K | 0.1% | 2026-Q2 |
| NorthRock Partners, LLC | 10,262 | $159K | 0.1% | 2026-Q2 |
| Prime Capital Investment Advisors, LLC | 10,258 | $159K | 0.1% | 2026-Q2 |
| Abel Hall, LLC | 10,000 | $155K | 0.1% | 2026-Q2 |
| NOMURA HOLDINGS INC new | 10,000 | $155K | 0.1% | 2026-Q2 |
| SIMPLEX TRADING, LLC trimmed | 9,859 | $152K | 0.1% | 2026-Q2 |
| Register Financial Advisors LLC | 9,500 | $147K | 0.1% | 2026-Q2 |
| Integrated Wealth Concepts LLC new | 7,962 | $123K | 0.1% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 7,706 | $119K | 0.1% | 2026-Q2 |
| Allworth Financial LP trimmed | 5,176 | $80K | 0.1% | 2026-Q2 |
| North Star Investment Management Corp. | 5,000 | $77K | 0.1% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC | 3,000 | $46K | 0.0% | 2026-Q2 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | 2,190 | $34K | 0.0% | 2026-Q2 |
| Russell Investments Group, Ltd. new | 2,168 | $34K | 0.0% | 2026-Q2 |
| Kentucky Trust Co | 2,000 | $31K | 0.0% | 2026-Q2 |
| Burk Holdings LLC | 1,706 | $26K | 0.0% | 2026-Q2 |
| Ritter Daniher Financial Advisory LLC / DE added | 1,594 | $25K | 0.0% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP | 1,388 | $21K | 0.0% | 2026-Q2 |
| NOMURA ASSET MANAGEMENT CO LTD trimmed | 1,218 | $19K | 0.0% | 2026-Q2 |
| EverSource Wealth Advisors, LLC added | 1,200 | $19K | 0.0% | 2026-Q2 |
| FIFTH THIRD BANCORP | 1,049 | $16K | 0.0% | 2026-Q2 |
| DHJJ Financial Advisors, Ltd. | 1,005 | $16K | 0.0% | 2026-Q2 |
| BROWN BROTHERS HARRIMAN & CO new | 1,000 | $15K | 0.0% | 2026-Q2 |
| CALDWELL SUTTER CAPITAL, INC. | 800 | $12K | 0.0% | 2026-Q2 |
| Crewe Advisors LLC | 766 | $12K | 0.0% | 2026-Q2 |
| Pflug Koory, LLC | 675 | $10K | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 666 | $10K | 0.0% | 2026-Q2 |
| CREATIVE FINANCIAL DESIGNS INC /ADV | 600 | $9K | 0.0% | 2026-Q2 |
| FIDUCIARY FINANCIAL ADVISORS new | 586 | $9K | 0.0% | 2026-Q2 |
| Tower Research Capital LLC (TRC) trimmed | 525 | $8K | 0.0% | 2026-Q2 |
| US BANCORP \DE\ added | 426 | $7K | 0.0% | 2026-Q2 |
| SIGNATUREFD, LLC trimmed | 388 | $6K | 0.0% | 2026-Q2 |
| Markowski Investments new | 300 | $5K | 0.0% | 2026-Q2 |
| Larson Financial Group LLC added | 239 | $4K | 0.0% | 2026-Q2 |
| Parallel Advisors, LLC | 221 | $3K | 0.0% | 2026-Q2 |
| VALLEY NATIONAL ADVISERS INC | 150 | $2K | 0.0% | 2026-Q2 |
| ASSETMARK, INC trimmed | 117 | $2K | 0.0% | 2026-Q2 |
| JNBA Financial Advisors trimmed | 111 | $2K | 0.0% | 2026-Q2 |
| OAKWORTH CAPITAL, INC. | 100 | $2K | 0.0% | 2026-Q2 |
| JFS WEALTH ADVISORS, LLC new | 45 | $696 | 0.0% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 15 | $232 | 0.0% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. | 10 | $155 | 0.0% | 2026-Q2 |
| Rialto Wealth Management, LLC new | 7 | $109 | 0.0% | 2026-Q2 |
| HUNTINGTON NATIONAL BANK | 1 | $15 | 0.0% | 2026-Q2 |
| PANORAMIC INVESTMENT ADVISORS, LLC new | 1,069,685 | $15M | 12.0% | 2026-Q1 stale (1 quarter behind) |
| Squarepoint Ops LLC new | 103,510 | $1M | 1.2% | 2026-Q1 stale (1 quarter behind) |
| JANE STREET GROUP, LLC added | 69,763 | $991K | 0.8% | 2026-Q1 stale (1 quarter behind) |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 46,142 | $655K | 0.5% | 2026-Q1 stale (1 quarter behind) |
| CANADA LIFE ASSURANCE Co trimmed | 43,425 | $621K | 0.5% | 2026-Q1 stale (1 quarter behind) |
| TWO SIGMA ADVISERS, LP added | 111,418 | $2M | 1.2% | 2025-Q4 stale (2 quarters behind) |
| MILLENNIUM MANAGEMENT LLC trimmed | 44,546 | $616K | 0.5% | 2025-Q3 stale (3 quarters behind) |
| D. E. Shaw & Co., Inc. trimmed | 43,149 | $596K | 0.5% | 2025-Q3 stale (3 quarters behind) |
| Realta Investment Advisors added | 42,227 | $603K | 0.5% | 2025-Q2 stale (4 quarters behind) |
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.