Who owns GFR
Which tracked institutional funds hold GFR, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See GFR company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 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 GFR is one-sided between 2025-Q4 and 2026-Q1: 18 added or opened and 1 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
GFR’s largest tracked holder by dollar value, Encompass Capital Advisors LLC, sizes it at 0.9% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.9pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in GFR 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 43 tracked filers holding GFR, 29 increased or opened the position and 15 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 GFR 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 1
- Militia Capital Management LLC$2M
Full exits 1
- Webs Creek Capital Management LP$1M
Largest adds
- Moerus Capital Management LLC$7M
- WEXFORD CAPITAL LP$3M
- Beverly Hills Private Wealth, LLC$2M
- UBS Group AG$2M
- AEGIS FINANCIAL CORP$2M
- BANK OF MONTREAL /CAN/$2M
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 |
|---|---|---|---|---|
| Moerus Capital Management LLC added | 2,335,804 | $15M | 10.1% | 2026-Q1 |
| WEXFORD CAPITAL LP trimmed | 2,027,989 | $13M | 8.7% | 2026-Q1 |
| Nokomis Capital, L.L.C. trimmed | 1,751,837 | $11M | 7.5% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 1,016,682 | $6M | 4.4% | 2026-Q1 |
| UBS Group AG added | 787,333 | $5M | 3.4% | 2026-Q1 |
| Saber Capital Managment, LLC trimmed | 670,713 | $4M | 2.9% | 2026-Q1 |
| K2 PRINCIPAL FUND, L.P. trimmed | 656,440 | $4M | 2.8% | 2026-Q1 |
| AEGIS FINANCIAL CORP added | 417,548 | $3M | 1.8% | 2026-Q1 |
| LOUISBOURG INVESTMENTS INC. trimmed | 411,980 | $3M | 1.8% | 2026-Q1 |
| MetLife Investment Management, LLC | 403,690 | $3M | 1.7% | 2026-Q1 |
| Beverly Hills Private Wealth, LLC added | 373,322 | $2M | 1.6% | 2026-Q1 |
| Militia Capital Management LLC new | 259,000 | $2M | 1.1% | 2026-Q1 |
| Quadrature Capital Ltd added | 195,891 | $1M | 0.8% | 2026-Q1 |
| MMCAP International Inc. SPC trimmed | 182,309 | $1M | 0.8% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 161,262 | $1M | 0.7% | 2026-Q1 |
| CIBC WORLD MARKET INC. added | 139,771 | $888K | 0.6% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 112,375 | $710K | 0.5% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 109,722 | $693K | 0.5% | 2026-Q1 |
| MORGAN STANLEY added | 79,956 | $505K | 0.3% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 67,911 | $430K | 0.3% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 67,928 | $429K | 0.3% | 2026-Q1 |
| MARSHALL WACE, LLP trimmed | 61,075 | $386K | 0.3% | 2026-Q1 |
| Diametric Capital, LP added | 60,693 | $385K | 0.3% | 2026-Q1 |
| Walleye Capital LLC added | 59,864 | $378K | 0.3% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 52,657 | $333K | 0.2% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 42,142 | $266K | 0.2% | 2026-Q1 |
| HRT FINANCIAL LP new | 42,064 | $265K | 0.2% | 2026-Q1 |
| XTX Topco Ltd added | 37,745 | $239K | 0.2% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 36,853 | $233K | 0.2% | 2026-Q1 |
| Avise Financial Cooperative, Inc. added | 35,778 | $226K | 0.2% | 2026-Q1 |
| BlackRock, Inc. | 35,022 | $221K | 0.1% | 2026-Q1 |
| Trexquant Investment LP added | 31,925 | $202K | 0.1% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 25,571 | $162K | 0.1% | 2026-Q1 |
| Turtle Creek Wealth Advisors, LLC added | 22,250 | $141K | 0.1% | 2026-Q1 |
| Brevan Howard Capital Management LP new | 16,341 | $103K | 0.1% | 2026-Q1 |
| WINTON GROUP Ltd added | 13,500 | $85K | 0.1% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | 11,051 | $70K | 0.0% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 10,668 | $69K | 0.0% | 2026-Q1 |
| BARCLAYS PLC | 1,976 | $12K | 0.0% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ added | 1,953 | $12K | 0.0% | 2026-Q1 |
| WealthCollab, LLC | 487 | $3K | 0.0% | 2026-Q1 |
| Tower Research Capital LLC (TRC) trimmed | 22 | $139 | 0.0% | 2026-Q1 |
| SBI Securities Co., Ltd. | 5 | $32 | 0.0% | 2026-Q1 |
| Encompass Capital Advisors LLC trimmed | 4,619,563 | $21M | 14.5% | 2025-Q3 stale |
| BW Gestao de Investimentos Ltda. trimmed | 3,271,730 | $15M | 10.2% | 2025-Q3 stale |
| Ninepoint Partners LP | 2,000,000 | $12M | 8.0% | 2025-Q1 stale |
| Luxor Capital Group, LP trimmed | 1,926,055 | $9M | 6.0% | 2025-Q3 stale |
| SONA ASSET MANAGEMENT (US) LLC | 1,157,749 | $5M | 3.6% | 2025-Q3 stale |
| Webs Creek Capital Management LP added | 222,271 | $1M | 0.7% | 2025-Q4 stale |
| CastleKnight Management LP | 164,751 | $761K | 0.5% | 2025-Q3 stale |
| Cable Car Capital, LP new | 91,720 | $437K | 0.3% | 2025-Q4 stale |
| Perritt Capital Management Inc added | 62,000 | $364K | 0.2% | 2025-Q1 stale |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 56,198 | $333K | 0.2% | 2025-Q1 stale |
| Polar Asset Management Partners Inc. new | 50,000 | $297K | 0.2% | 2025-Q1 stale |
| Hartree Partners, LP trimmed | 49,800 | $292K | 0.2% | 2025-Q1 stale |
| GSA CAPITAL PARTNERS LLP trimmed | 31,222 | $149K | 0.1% | 2025-Q4 stale |
| FNY Investment Advisers, LLC trimmed | 27,748 | $132K | 0.1% | 2025-Q4 stale |
| Jump Financial, LLC trimmed | 10,691 | $63K | 0.0% | 2025-Q1 stale |
| RAFFLES ASSOCIATES LP new | 10,444 | $50K | 0.0% | 2025-Q4 stale |
| Deltroit Asset Management (UK) LLP new | 9,997 | $48K | 0.0% | 2025-Q4 stale |
| HIGHLINE WEALTH PARTNERS LLC new | 5,000 | $24K | 0.0% | 2025-Q4 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 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.