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-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
13 tracked funds added or opened GFR 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
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 2026-Q1 and 2026-Q2, across 53 tracked filers holding GFR, 36 increased or opened the position and 18 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 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 5
- PCJ Investment Counsel Ltd.$3M
- DONALD SMITH & CO., INC.$2M
- 1832 Asset Management L.P.$1M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$784K
- TWO SIGMA INVESTMENTS, LP$656K
Largest adds
- AEGIS FINANCIAL CORP$2M
- CITADEL ADVISORS LLC$1M
- DIMENSIONAL FUND ADVISORS LP$1M
- LOUISBOURG INVESTMENTS INC.$1M
- Quadrature Capital Ltd$866K
- MORGAN STANLEY$565K
Largest trims
- BANK OF MONTREAL /CAN/$4M
- Moerus Capital Management LLC$2M
- Nokomis Capital, L.L.C.$2M
- UBS Group AG$2M
- MetLife Investment Management, LLC$1M
- WEXFORD CAPITAL LP$1M
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 trimmed | 2,232,277 | $13M | 9.2% | 2026-Q2 |
| WEXFORD CAPITAL LP | 2,027,989 | $11M | 8.4% | 2026-Q2 |
| Nokomis Capital, L.L.C. trimmed | 1,612,581 | $9M | 6.7% | 2026-Q2 |
| AEGIS FINANCIAL CORP added | 777,716 | $4M | 3.2% | 2026-Q2 |
| K2 PRINCIPAL FUND, L.P. added | 720,740 | $4M | 3.0% | 2026-Q2 |
| Saber Capital Managment, LLC added | 675,236 | $4M | 2.8% | 2026-Q2 |
| LOUISBOURG INVESTMENTS INC. added | 661,980 | $4M | 2.7% | 2026-Q2 |
| UBS Group AG trimmed | 604,039 | $3M | 2.5% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ trimmed | 497,756 | $3M | 2.1% | 2026-Q2 |
| PCJ Investment Counsel Ltd. new | 444,657 | $3M | 1.8% | 2026-Q2 |
| Beverly Hills Private Wealth, LLC added | 415,924 | $2M | 1.7% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 378,821 | $2M | 1.6% | 2026-Q2 |
| Quadrature Capital Ltd added | 372,710 | $2M | 1.5% | 2026-Q2 |
| Militia Capital Management LLC added | 362,100 | $2M | 1.5% | 2026-Q2 |
| DONALD SMITH & CO., INC. new | 295,849 | $2M | 1.2% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 280,517 | $2M | 1.2% | 2026-Q2 |
| 1832 Asset Management L.P. new | 264,700 | $1M | 1.1% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 218,200 | $1M | 0.9% | 2026-Q2 |
| MetLife Investment Management, LLC trimmed | 203,690 | $1M | 0.8% | 2026-Q2 |
| MORGAN STANLEY added | 189,467 | $1M | 0.8% | 2026-Q2 |
| MMCAP International Inc. SPC | 182,309 | $1M | 0.8% | 2026-Q2 |
| CIBC WORLD MARKET INC. added | 182,320 | $1M | 0.8% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 138,704 | $784K | 0.6% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 116,171 | $656K | 0.5% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 103,530 | $585K | 0.4% | 2026-Q2 |
| Walleye Capital LLC added | 90,421 | $511K | 0.4% | 2026-Q2 |
| BlackRock, Inc. added | 79,792 | $451K | 0.3% | 2026-Q2 |
| Diametric Capital, LP added | 68,360 | $386K | 0.3% | 2026-Q2 |
| XTX Topco Ltd added | 47,693 | $269K | 0.2% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 42,411 | $240K | 0.2% | 2026-Q2 |
| Avise Financial Cooperative, Inc. added | 37,581 | $212K | 0.2% | 2026-Q2 |
| Turtle Creek Wealth Advisors, LLC added | 33,750 | $191K | 0.1% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 31,795 | $180K | 0.1% | 2026-Q2 |
| Qube Research & Technologies Ltd new | 29,462 | $166K | 0.1% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 26,008 | $147K | 0.1% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS new | 24,283 | $137K | 0.1% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC trimmed | 19,646 | $111K | 0.1% | 2026-Q2 |
| MARSHALL WACE, LLP trimmed | 18,181 | $103K | 0.1% | 2026-Q2 |
| PenderFund Capital Management Ltd. new | 16,700 | $94K | 0.1% | 2026-Q2 |
| Trexquant Investment LP trimmed | 16,497 | $93K | 0.1% | 2026-Q2 |
| Point72 Asset Management, L.P. new | 16,446 | $93K | 0.1% | 2026-Q2 |
| HSBC HOLDINGS PLC new | 13,756 | $78K | 0.1% | 2026-Q2 |
| Jump Financial, LLC added | 12,300 | $69K | 0.1% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 11,066 | $64K | 0.0% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | 11,051 | $62K | 0.0% | 2026-Q2 |
| Engineers Gate Manager LP new | 10,679 | $60K | 0.0% | 2026-Q2 |
| Graham Capital Management, L.P. new | 10,299 | $58K | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 4,167 | $24K | 0.0% | 2026-Q2 |
| Persistent Asset Partners Ltd new | 2,341 | $13K | 0.0% | 2026-Q2 |
| BARCLAYS PLC | 1,976 | $11K | 0.0% | 2026-Q2 |
| Tower Research Capital LLC (TRC) added | 800 | $5K | 0.0% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 139 | $769 | 0.0% | 2026-Q2 |
| Caitong International Asset Management Co., Ltd new | 43 | $243 | 0.0% | 2026-Q2 |
| HRT FINANCIAL LP new | 42,064 | $265K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| Brevan Howard Capital Management LP new | 16,341 | $103K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| WINTON GROUP Ltd added | 13,500 | $85K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| WealthCollab, LLC | 487 | $3K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| SBI Securities Co., Ltd. | 5 | $32 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Webs Creek Capital Management LP added | 222,271 | $1M | 0.8% | 2025-Q4 stale (2 quarters behind) |
| Cable Car Capital, LP new | 91,720 | $437K | 0.3% | 2025-Q4 stale (2 quarters behind) |
| GSA CAPITAL PARTNERS LLP trimmed | 31,222 | $149K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| FNY Investment Advisers, LLC trimmed | 27,748 | $132K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| RAFFLES ASSOCIATES LP new | 10,444 | $50K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Deltroit Asset Management (UK) LLP new | 9,997 | $48K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| HIGHLINE WEALTH PARTNERS LLC new | 5,000 | $24K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Encompass Capital Advisors LLC trimmed | 4,619,563 | $21M | 15.6% | 2025-Q3 stale (3 quarters behind) |
| BW Gestao de Investimentos Ltda. trimmed | 3,271,730 | $15M | 11.1% | 2025-Q3 stale (3 quarters behind) |
| Luxor Capital Group, LP trimmed | 1,926,055 | $9M | 6.5% | 2025-Q3 stale (3 quarters behind) |
| SONA ASSET MANAGEMENT (US) LLC | 1,157,749 | $5M | 3.9% | 2025-Q3 stale (3 quarters behind) |
| CastleKnight Management LP | 164,751 | $761K | 0.6% | 2025-Q3 stale (3 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 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.