Who owns GEM
Which tracked institutional funds hold GEM, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See GEM company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-24). 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 GEM is one-sided between 2026-Q1 and 2026-Q2: 64 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
GEM’s largest tracked holder by dollar value, WELLS FARGO & COMPANY/MN, 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 GEM more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in GEM 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 195 tracked filers holding GEM, 94 increased or opened the position and 82 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 GEM 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
- JANE STREET GROUP, LLC$39M
- Asset Advisors Investment Management, LLC$4M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$4M
- NewEdge Advisors, LLC$3M
- PKS Advisory Services, LLC$3M
- B. Riley Wealth Advisors, Inc.$1M
Full exits 5
- Betterment LLC$90M
- Anchor Investment Management, LLC$6M
- CITADEL ADVISORS LLC$2M
- Ascentis Independent Advisors$1M
- Cambridge Investment Research Advisors, Inc.$552K
Largest adds
- ENVESTNET ASSET MANAGEMENT INC$98M
- WELLS FARGO & COMPANY/MN$52M
- GOLDMAN SACHS GROUP INC$38M
- SigFig Wealth Management, LLC$28M
- LPL Financial LLC$25M
- PRINCIPAL SECURITIES, INC.$16M
Largest trims
- GeoWealth Management, LLC$3M
- GFG Capital, LLC$2M
- OLD MISSION CAPITAL LLC$2M
- Mariner, LLC$1M
- EverSource Wealth Advisors, LLC$394K
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 |
|---|---|---|---|---|
| WELLS FARGO & COMPANY/MN added | 4,358,569 | $227M | 14.4% | 2026-Q2 |
| SigFig Wealth Management, LLC added | 3,357,316 | $173M | 11.0% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 3,253,188 | $169M | 10.8% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 3,127,532 | $163M | 10.3% | 2026-Q2 |
| LPL Financial LLC added | 2,192,221 | $114M | 7.3% | 2026-Q2 |
| Arvest Bank Trust Division trimmed | 1,106,818 | $58M | 3.7% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD | 1,091,863 | $57M | 3.6% | 2026-Q2 |
| MORGAN STANLEY added | 936,843 | $49M | 3.1% | 2026-Q2 |
| HB Wealth Management, LLC trimmed | 910,914 | $47M | 3.0% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 750,000 | $39M | 2.5% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 708,584 | $37M | 2.3% | 2026-Q2 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC added | 642,877 | $33M | 2.1% | 2026-Q2 |
| PRINCIPAL SECURITIES, INC. added | 596,572 | $31M | 2.0% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 476,306 | $25M | 1.6% | 2026-Q2 |
| Cetera Investment Advisers added | 466,422 | $24M | 1.5% | 2026-Q2 |
| FIRST FOUNDATION ADVISORS added | 428,400 | $22M | 1.4% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 428,014 | $22M | 1.4% | 2026-Q2 |
| ARVEST INVESTMENTS, INC. added | 419,485 | $22M | 1.4% | 2026-Q2 |
| Envestnet Portfolio Solutions, Inc. added | 394,433 | $21M | 1.3% | 2026-Q2 |
| UBS Group AG trimmed | 296,207 | $15M | 1.0% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 263,652 | $14M | 0.9% | 2026-Q2 |
| AMERICAN NATIONAL BANK & TRUST added | 259,995 | $14M | 0.9% | 2026-Q2 |
| Apella Capital, LLC trimmed | 238,766 | $12M | 0.8% | 2026-Q2 |
| Sanctuary Advisors, LLC added | 230,991 | $12M | 0.8% | 2026-Q2 |
| Vestmark Advisory Solutions, Inc. added | 214,740 | $11M | 0.7% | 2026-Q2 |
| ELEVATION POINT WEALTH PARTNERS, LLC added | 214,661 | $11M | 0.7% | 2026-Q2 |
| Strategic Financial Services, Inc. trimmed | 206,166 | $11M | 0.7% | 2026-Q2 |
| SPINNAKER TRUST trimmed | 187,166 | $10M | 0.6% | 2026-Q2 |
| CoreCap Advisors, LLC added | 155,725 | $8M | 0.5% | 2026-Q2 |
| Destiny Wealth Partners, LLC trimmed | 152,372 | $7M | 0.5% | 2026-Q2 |
| MARSHALL WACE, LLP trimmed | 147,817 | $8M | 0.5% | 2026-Q2 |
| CENTRAL TRUST Co added | 144,952 | $8M | 0.5% | 2026-Q2 |
| AlphaCore Capital LLC trimmed | 100,300 | $5M | 0.3% | 2026-Q2 |
| Gladstone Institutional Advisory LLC added | 88,316 | $5M | 0.3% | 2026-Q2 |
| Keebeck Wealth Management trimmed | 86,781 | $5M | 0.3% | 2026-Q2 |
| Asset Advisors Investment Management, LLC new | 77,829 | $4M | 0.3% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 73,367 | $4M | 0.2% | 2026-Q2 |
| OLD MISSION CAPITAL LLC trimmed | 71,629 | $4M | 0.2% | 2026-Q2 |
| GFG Capital, LLC trimmed | 70,570 | $4M | 0.2% | 2026-Q2 |
| 1900 WEALTH MANAGEMENT LLC trimmed | 66,833 | $3M | 0.2% | 2026-Q2 |
| Clay Northam Wealth Management, LLC added | 64,517 | $3M | 0.2% | 2026-Q2 |
| NewEdge Advisors, LLC added | 54,330 | $3M | 0.2% | 2026-Q2 |
| Baird Financial Group, Inc. added | 50,392 | $3M | 0.2% | 2026-Q2 |
| PKS Advisory Services, LLC new | 50,132 | $3M | 0.2% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 48,156 | $3M | 0.2% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 46,858 | $2M | 0.2% | 2026-Q2 |
| ATWOOD & PALMER INC trimmed | 43,693 | $2M | 0.1% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 38,736 | $2M | 0.1% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 38,018 | $2M | 0.1% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 34,630 | $2M | 0.1% | 2026-Q2 |
| &PARTNERS added | 33,582 | $2M | 0.1% | 2026-Q2 |
| Prostatis Group LLC trimmed | 29,922 | $2M | 0.1% | 2026-Q2 |
| LifePlan Investment Advisors, Inc. trimmed | 27,567 | $1M | 0.1% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 27,502 | $1M | 0.1% | 2026-Q2 |
| TRUE Private Wealth Advisors added | 27,212 | $1M | 0.1% | 2026-Q2 |
| Cerity Partners LLC added | 25,998 | $1M | 0.1% | 2026-Q2 |
| Mengis Capital Management, Inc. added | 25,114 | $1M | 0.1% | 2026-Q2 |
| Elmwood Wealth Management, Inc. | 25,050 | $1M | 0.1% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 25,013 | $1M | 0.1% | 2026-Q2 |
| Empirical Asset Management, LLC added | 23,830 | $1M | 0.1% | 2026-Q2 |
| B. Riley Wealth Advisors, Inc. new | 21,969 | $1M | 0.1% | 2026-Q2 |
| Founders Financial Alliance, LLC added | 21,309 | $1M | 0.1% | 2026-Q2 |
| CITIGROUP INC trimmed | 20,706 | $1M | 0.1% | 2026-Q2 |
| Creative Planning added | 20,580 | $1M | 0.1% | 2026-Q2 |
| Golden State Wealth Management, LLC trimmed | 19,766 | $1M | 0.1% | 2026-Q2 |
| World Investment Advisors added | 19,485 | $1M | 0.1% | 2026-Q2 |
| Portfolio Resources Advisor Group, Inc. new | 19,182 | $997K | 0.1% | 2026-Q2 |
| EP Wealth Advisors, LLC trimmed | 18,970 | $986K | 0.1% | 2026-Q2 |
| Apollon Financial, LLC trimmed | 18,665 | $971K | 0.1% | 2026-Q2 |
| Arax Advisory Partners new | 18,038 | $938K | 0.1% | 2026-Q2 |
| Syntegra Private Wealth Group, LLC added | 17,688 | $920K | 0.1% | 2026-Q2 |
| IAG Wealth Partners, LLC trimmed | 16,994 | $884K | 0.1% | 2026-Q2 |
| Vise Technologies, Inc. added | 16,876 | $878K | 0.1% | 2026-Q2 |
| INTEGRATED WEALTHCARE, LLC trimmed | 15,933 | $829K | 0.1% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 15,795 | $821K | 0.1% | 2026-Q2 |
| Private Advisor Group, LLC added | 15,198 | $790K | 0.1% | 2026-Q2 |
| SageView Advisory Group, LLC trimmed | 14,758 | $767K | 0.0% | 2026-Q2 |
| WHITTIER TRUST CO OF NEVADA INC trimmed | 14,568 | $731K | 0.0% | 2026-Q2 |
| Worth Financial Advisory Group, LLC added | 14,422 | $750K | 0.0% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 14,151 | $736K | 0.0% | 2026-Q2 |
| Kelman-Lazarov, Inc. | 12,200 | $634K | 0.0% | 2026-Q2 |
| Strategies Wealth Advisors, LLC | 11,997 | $624K | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 11,372 | $591K | 0.0% | 2026-Q2 |
| WHITTIER TRUST CO | 11,087 | $571K | 0.0% | 2026-Q2 |
| MORRIS FINANCIAL CONCEPTS, INC. trimmed | 10,903 | $567K | 0.0% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC new | 10,888 | $566K | 0.0% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 10,832 | $556K | 0.0% | 2026-Q2 |
| Orion Porfolio Solutions, LLC trimmed | 10,552 | $549K | 0.0% | 2026-Q2 |
| Beacon Financial Advisory LLC added | 10,337 | $538K | 0.0% | 2026-Q2 |
| Haverford Trust Co | 10,009 | $520K | 0.0% | 2026-Q2 |
| BROWN ADVISORY INC trimmed | 9,077 | $472K | 0.0% | 2026-Q2 |
| Sigma Planning Corp added | 9,056 | $471K | 0.0% | 2026-Q2 |
| Hexagon Capital Partners LLC | 9,024 | $469K | 0.0% | 2026-Q2 |
| Clearwater Capital Advisors, LLC trimmed | 8,991 | $468K | 0.0% | 2026-Q2 |
| Maia Wealth LLC trimmed | 8,532 | $444K | 0.0% | 2026-Q2 |
| ALTFEST L J & CO INC trimmed | 8,248 | $429K | 0.0% | 2026-Q2 |
| Wedmont Private Capital | 8,136 | $415K | 0.0% | 2026-Q2 |
| Western Wealth Management, LLC added | 8,003 | $416K | 0.0% | 2026-Q2 |
| Wealthspire Advisors, LLC trimmed | 7,994 | $416K | 0.0% | 2026-Q2 |
| FMR LLC added | 7,913 | $411K | 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.