Who owns HEFA (HEFA)
Which tracked institutional funds hold HEFA, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See HEFA company fundamentals →
Ownership as of the 2026-Q1 13F filings. 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
92 tracked funds added or opened HEFA while 68 trimmed or exited it between 2025-Q4 and 2026-Q1 — 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
HEFA’s largest tracked holder by dollar value, GOLDMAN SACHS GROUP INC, sizes it at 0.3% of its own reported 13F book, while the median holder sizes it at 0.3% of theirs — a 0.0pp gap the other way — the median holder sizes HEFA more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in HEFA 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 432 tracked filers holding HEFA, 152 increased or opened the position and 221 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 HEFA 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 20
- FLOW TRADERS U.S. LLC$42M
- ELEVATION POINT WEALTH PARTNERS, LLC$22M
- Vestmark Advisory Solutions, Inc.$22M
- Tulsa Wealth Advisors, INC$18M
- TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC$13M
- Independent Advisor Alliance$10M
Full exits 14
- PLANWISER FINANCIAL, LLC$10M
- Global Retirement Partners, LLC$9M
- AXXCESS WEALTH MANAGEMENT, LLC$4M
- CORE WEALTH ADVISORS, LLC$3M
- SCOTIA CAPITAL INC.$2M
- SB Capital Management Inc$2M
Largest adds
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$142M
- ENVESTNET ASSET MANAGEMENT INC$135M
- NorthRock Partners, LLC$18M
- COLDSTREAM CAPITAL MANAGEMENT INC$18M
- MORGAN STANLEY$11M
- PARTNERS CAPITAL INVESTMENT GROUP, LLP$10M
Largest trims
- First Interstate Bank$53M
- Waverly Advisors, LLC$21M
- AMERIPRISE FINANCIAL INC$21M
- UBS Group AG$20M
- Rockefeller Capital Management L.P.$19M
- Valeo Financial Advisors, LLC$16M
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 |
|---|---|---|---|---|
| GOLDMAN SACHS GROUP INC trimmed | 48,091,087 | $2.0B | 36.1% | 2026-Q1 |
| COLDSTREAM CAPITAL MANAGEMENT INC added | 5,929,029 | $252M | 4.4% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 4,591,882 | $195M | 3.4% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 4,272,968 | $182M | 3.2% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 4,222,263 | $175M | 3.1% | 2026-Q1 |
| MORGAN STANLEY added | 3,781,496 | $161M | 2.8% | 2026-Q1 |
| PARTNERS CAPITAL INVESTMENT GROUP, LLP added | 3,579,217 | $152M | 2.7% | 2026-Q1 |
| LPL Financial LLC trimmed | 3,542,299 | $151M | 2.7% | 2026-Q1 |
| Dynasty Wealth Management, LLC trimmed | 3,473,227 | $148M | 2.6% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 3,454,761 | $147M | 2.6% | 2026-Q1 |
| Quotient Wealth Partners, LLC trimmed | 3,367,759 | $143M | 2.5% | 2026-Q1 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC trimmed | 3,344,417 | $142M | 2.5% | 2026-Q1 |
| NorthRock Partners, LLC added | 3,074,762 | $131M | 2.3% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 2,043,672 | $87M | 1.5% | 2026-Q1 |
| NORTHERN TRUST CORP trimmed | 1,980,647 | $84M | 1.5% | 2026-Q1 |
| Waverly Advisors, LLC trimmed | 1,927,453 | $82M | 1.4% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 1,689,813 | $72M | 1.3% | 2026-Q1 |
| Cetera Investment Advisers added | 1,409,864 | $60M | 1.1% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 1,248,667 | $53M | 0.9% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 1,135,613 | $48M | 0.9% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. added | 1,033,324 | $44M | 0.8% | 2026-Q1 |
| Jordan Park Group LLC trimmed | 995,388 | $42M | 0.7% | 2026-Q1 |
| FLOW TRADERS U.S. LLC added | 984,500 | $42M | 0.7% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 937,602 | $40M | 0.7% | 2026-Q1 |
| Mariner, LLC trimmed | 881,418 | $37M | 0.7% | 2026-Q1 |
| Verde Capital Management added | 831,540 | $35M | 0.6% | 2026-Q1 |
| Blankinship & Foster, LLC trimmed | 789,104 | $34M | 0.6% | 2026-Q1 |
| US BANCORP \DE\ trimmed | 780,909 | $33M | 0.6% | 2026-Q1 |
| SACHEM HILL LLC trimmed | 693,072 | $29M | 0.5% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 645,820 | $27M | 0.5% | 2026-Q1 |
| Crumly & Associates Inc. added | 616,666 | $26M | 0.5% | 2026-Q1 |
| ELEVATION POINT WEALTH PARTNERS, LLC added | 524,043 | $22M | 0.4% | 2026-Q1 |
| Vestmark Advisory Solutions, Inc. added | 518,815 | $22M | 0.4% | 2026-Q1 |
| ACT WEALTH MANAGEMENT, LLC trimmed | 517,694 | $22M | 0.4% | 2026-Q1 |
| UBS Group AG trimmed | 510,381 | $22M | 0.4% | 2026-Q1 |
| BOKF, NA added | 481,203 | $20M | 0.4% | 2026-Q1 |
| Prasad Wealth Partners, LLC added | 441,387 | $19M | 0.3% | 2026-Q1 |
| Tulsa Wealth Advisors, INC new | 427,085 | $18M | 0.3% | 2026-Q1 |
| Paradigm, Strategies in Wealth Management, LLC trimmed | 396,691 | $17M | 0.3% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 359,081 | $15M | 0.3% | 2026-Q1 |
| Csenge Advisory Group trimmed | 353,633 | $15M | 0.3% | 2026-Q1 |
| WESCAP Management Group, Inc. added | 350,321 | $15M | 0.3% | 2026-Q1 |
| Denver PWM, LLC trimmed | 332,933 | $15M | 0.3% | 2026-Q1 |
| Lighthouse Wealth Management Inc. added | 344,555 | $15M | 0.3% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 333,755 | $14M | 0.3% | 2026-Q1 |
| Modern Wealth Management, LLC trimmed | 320,077 | $14M | 0.2% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 333,680 | $14M | 0.2% | 2026-Q1 |
| Prime Capital Investment Advisors, LLC trimmed | 311,823 | $13M | 0.2% | 2026-Q1 |
| TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC new | 305,201 | $13M | 0.2% | 2026-Q1 |
| PCA Investment Advisory Services Inc. added | 295,941 | $13M | 0.2% | 2026-Q1 |
| CX Institutional added | 273,350 | $12M | 0.2% | 2026-Q1 |
| Pathstone Holdings, LLC | 270,886 | $12M | 0.2% | 2026-Q1 |
| PERSPECTIVE WEALTH ADVISORS LLC added | 261,821 | $11M | 0.2% | 2026-Q1 |
| Vertex Planning Partners, LLC added | 256,973 | $11M | 0.2% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 255,080 | $11M | 0.2% | 2026-Q1 |
| Lido Advisors, LLC trimmed | 253,975 | $11M | 0.2% | 2026-Q1 |
| DEUTSCHE BANK AG\ | 250,000 | $11M | 0.2% | 2026-Q1 |
| Cyr Financial Inc. added | 248,421 | $11M | 0.2% | 2026-Q1 |
| NEPC LLC | 241,150 | $10M | 0.2% | 2026-Q1 |
| Independent Advisor Alliance added | 237,809 | $10M | 0.2% | 2026-Q1 |
| Darrow Company, Inc. added | 223,202 | $9M | 0.2% | 2026-Q1 |
| Avidian Wealth Enterprises, LLC added | 221,510 | $9M | 0.2% | 2026-Q1 |
| GREAT VALLEY ADVISOR GROUP, INC. added | 220,549 | $9M | 0.2% | 2026-Q1 |
| Crescent Grove Advisors, LLC added | 218,230 | $9M | 0.2% | 2026-Q1 |
| Weaver Capital Management LLC trimmed | 212,575 | $9M | 0.2% | 2026-Q1 |
| BLAIR WILLIAM & CO/IL added | 211,689 | $9M | 0.2% | 2026-Q1 |
| Farther Finance Advisors, LLC trimmed | 207,565 | $9M | 0.2% | 2026-Q1 |
| Cerity Partners LLC added | 192,344 | $8M | 0.1% | 2026-Q1 |
| RFG Advisory, LLC added | 188,497 | $8M | 0.1% | 2026-Q1 |
| Rockefeller Capital Management L.P. trimmed | 168,096 | $7M | 0.1% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 166,967 | $7M | 0.1% | 2026-Q1 |
| Delta Wealth Advisors LLC added | 161,958 | $7M | 0.1% | 2026-Q1 |
| Burns Matteson Capital Management, LLC added | 153,040 | $7M | 0.1% | 2026-Q1 |
| ARQ WEALTH ADVISORS, LLC added | 149,851 | $6M | 0.1% | 2026-Q1 |
| Keystone Financial Group added | 149,704 | $6M | 0.1% | 2026-Q1 |
| Kestra Advisory Services, LLC trimmed | 146,329 | $6M | 0.1% | 2026-Q1 |
| Ifrah Financial Services, Inc. trimmed | 145,489 | $6M | 0.1% | 2026-Q1 |
| CITIGROUP INC added | 142,517 | $6M | 0.1% | 2026-Q1 |
| ADAMSBROWN WEALTH CONSULTANTS LLC trimmed | 140,570 | $6M | 0.1% | 2026-Q1 |
| Geneos Wealth Management Inc. added | 140,329 | $6M | 0.1% | 2026-Q1 |
| Bigelow Investment Advisors, LLC added | 140,130 | $6M | 0.1% | 2026-Q1 |
| First Interstate Bank trimmed | 137,540 | $6M | 0.1% | 2026-Q1 |
| Summit Asset Management, LLC | 135,870 | $6M | 0.1% | 2026-Q1 |
| Vermillion & White Wealth Management Group, LLC added | 153,475 | $6M | 0.1% | 2026-Q1 |
| IVC Wealth Advisors LLC added | 128,985 | $5M | 0.1% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 122,184 | $5M | 0.1% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 120,199 | $5M | 0.1% | 2026-Q1 |
| Clarity Retirement & Wealth, LLC trimmed | 119,745 | $5M | 0.1% | 2026-Q1 |
| Friedenthal Financial added | 116,371 | $5M | 0.1% | 2026-Q1 |
| AVANTAX ADVISORY SERVICES, INC. trimmed | 467,357 | $18M | 0.3% | 2025-Q2 stale |
| Gitterman Wealth Management, LLC added | 442,646 | $18M | 0.3% | 2025-Q3 stale |
| Advocacy Wealth Management Services, LLC added | 456,158 | $17M | 0.3% | 2025-Q1 stale |
| Orion Porfolio Solutions, LLC added | 194,289 | $15M | 0.3% | 2025-Q2 stale |
| Virtue Capital Management, LLC new | 375,642 | $14M | 0.2% | 2025-Q1 stale |
| Exchange Capital Management, Inc. added | 325,525 | $12M | 0.2% | 2025-Q2 stale |
| OPPENHEIMER ASSET MANAGEMENT INC. trimmed | 290,024 | $11M | 0.2% | 2025-Q1 stale |
| Clarity Asset Management, Inc. added | 289,708 | $11M | 0.2% | 2025-Q1 stale |
| PLANWISER FINANCIAL, LLC new | 233,384 | $10M | 0.2% | 2025-Q4 stale |
| Global Retirement Partners, LLC added | 224,995 | $9M | 0.2% | 2025-Q4 stale |
| Atria Wealth Solutions, Inc. trimmed | 140,398 | $5M | 0.1% | 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.