Who owns IAK (IAK)
Which tracked institutional funds hold IAK, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See IAK 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
The tracked-fund tape on IAK is one-sided between 2025-Q4 and 2026-Q1: 9 added or opened and 31 trimmed or exited — on balance reducing.
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
IAK’s largest tracked holder by dollar value, SPC Financial, Inc., sizes it at 1.6% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 1.6pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in IAK 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 132 tracked filers holding IAK, 55 increased or opened the position and 84 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 IAK 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 3
- Cavalier Investments, LLC$6M
- Baird Financial Group, Inc.$3M
- CITADEL ADVISORS LLC$2M
Full exits 10
- Well Done, LLC$7M
- Capital Advisory Group Advisory Services, LLC$4M
- COTTONWOOD CAPITAL ADVISORS, LLC$4M
- JANE STREET GROUP, LLC$2M
- Concentric Capital Strategies, LP$2M
- M3 Wealth Management, LLC$926K
Largest adds
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$2M
- LPL Financial LLC$1M
- Cetera Investment Advisers$1M
- Northstar Financial Companies, Inc.$894K
- Fiduciary Planning LLC$332K
- Belpointe Asset Management LLC$298K
Largest trims
- MORGAN STANLEY$11M
- GGM Financial LLC$10M
- WELLS FARGO & COMPANY/MN$9M
- RAYMOND JAMES FINANCIAL INC$6M
- TWO SIGMA INVESTMENTS, LP$5M
- ROYAL BANK OF CANADA$4M
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 |
|---|---|---|---|---|
| MORGAN STANLEY trimmed | 138,099 | $18M | 5.4% | 2026-Q1 |
| LPL Financial LLC added | 102,087 | $13M | 4.0% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 81,610 | $10M | 3.2% | 2026-Q1 |
| Fiduciary Planning LLC added | 62,280 | $8M | 2.5% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP trimmed | 59,100 | $8M | 2.3% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 58,383 | $7M | 2.3% | 2026-Q1 |
| Legend Financial Advisors, Inc. added | 55,507 | $7M | 2.2% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 46,172 | $6M | 1.8% | 2026-Q1 |
| Cavalier Investments, LLC new | 45,960 | $6M | 1.8% | 2026-Q1 |
| UBS Group AG trimmed | 43,321 | $6M | 1.7% | 2026-Q1 |
| JMAC ENTERPRISES LLC added | 35,039 | $4M | 1.4% | 2026-Q1 |
| RFG Advisory, LLC added | 34,887 | $4M | 1.4% | 2026-Q1 |
| LEE DANNER & BASS INC trimmed | 34,578 | $4M | 1.4% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 32,214 | $4M | 1.3% | 2026-Q1 |
| Janney Montgomery Scott LLC trimmed | 31,650 | $4M | 1.2% | 2026-Q1 |
| MARTIN & CO INC /TN/ added | 29,156 | $4M | 1.1% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 28,794 | $4M | 1.1% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 28,119 | $4M | 1.1% | 2026-Q1 |
| Federation des caisses Desjardins du Quebec trimmed | 28,103 | $4M | 1.1% | 2026-Q1 |
| Cetera Investment Advisers added | 20,725 | $3M | 0.8% | 2026-Q1 |
| Baird Financial Group, Inc. added | 20,444 | $3M | 0.8% | 2026-Q1 |
| SP Asset Management LLC added | 19,214 | $2M | 0.8% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 19,180 | $2M | 0.8% | 2026-Q1 |
| Advisory Services Network, LLC trimmed | 17,596 | $2M | 0.7% | 2026-Q1 |
| Hills Bank & Trust Co added | 17,160 | $2M | 0.7% | 2026-Q1 |
| PFG Advisors added | 15,121 | $2M | 0.6% | 2026-Q1 |
| Northstar Financial Companies, Inc. added | 14,286 | $2M | 0.6% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 14,194 | $2M | 0.6% | 2026-Q1 |
| Stonebridge Financial Planning Group, LLC trimmed | 14,138 | $2M | 0.6% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 13,504 | $2M | 0.5% | 2026-Q1 |
| Outlook Wealth Advisors, LLC trimmed | 11,474 | $1M | 0.5% | 2026-Q1 |
| CIBC WORLD MARKET INC. trimmed | 11,020 | $1M | 0.4% | 2026-Q1 |
| Delos Wealth Advisors, LLC added | 10,789 | $1M | 0.4% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 10,641 | $1M | 0.4% | 2026-Q1 |
| HighTower Advisors, LLC added | 10,113 | $1M | 0.4% | 2026-Q1 |
| Mariner, LLC trimmed | 9,991 | $1M | 0.4% | 2026-Q1 |
| Equitable Holdings, Inc. added | 9,405 | $1M | 0.4% | 2026-Q1 |
| AlphaCore Capital LLC trimmed | 9,715 | $1M | 0.4% | 2026-Q1 |
| KESTRA PRIVATE WEALTH SERVICES, LLC added | 9,457 | $1M | 0.4% | 2026-Q1 |
| Belpointe Asset Management LLC added | 8,907 | $1M | 0.4% | 2026-Q1 |
| Arkadios Wealth Advisors added | 7,638 | $980K | 0.3% | 2026-Q1 |
| Genesee Capital Advisors, LLC trimmed | 7,499 | $962K | 0.3% | 2026-Q1 |
| &PARTNERS trimmed | 6,375 | $817K | 0.3% | 2026-Q1 |
| Allworth Financial LP trimmed | 6,154 | $790K | 0.2% | 2026-Q1 |
| Composition Wealth, LLC trimmed | 6,082 | $780K | 0.2% | 2026-Q1 |
| LEUTHOLD GROUP, LLC trimmed | 5,786 | $742K | 0.2% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP trimmed | 5,710 | $717K | 0.2% | 2026-Q1 |
| SFMG, LLC trimmed | 5,108 | $655K | 0.2% | 2026-Q1 |
| Retirement Planning Co of New England, Inc. added | 4,396 | $564K | 0.2% | 2026-Q1 |
| US BANCORP \DE\ | 4,227 | $542K | 0.2% | 2026-Q1 |
| SPC Financial, Inc. trimmed | 155,943 | $21M | 6.4% | 2025-Q3 stale |
| WESPAC Advisors SoCal, LLC trimmed | 89,547 | $12M | 3.7% | 2025-Q3 stale |
| Beacon Harbor Wealth Advisors, Inc. new | 86,768 | $12M | 3.7% | 2025-Q1 stale |
| Spectrum Wealth Counsel, LLC added | 71,539 | $10M | 3.0% | 2025-Q1 stale |
| ADAPT WEALTH ADVISORS, LLC added | 64,165 | $9M | 2.6% | 2025-Q2 stale |
| CASTLEARK MANAGEMENT LLC | 54,070 | $7M | 2.2% | 2025-Q2 stale |
| Well Done, LLC added | 52,458 | $7M | 2.2% | 2025-Q4 stale |
| BNP PARIBAS FINANCIAL MARKETS new | 50,000 | $7M | 2.1% | 2025-Q1 stale |
| Cadent Capital Advisors, LLC added | 39,104 | $5M | 1.6% | 2025-Q3 stale |
| Jackson Wealth Management, LLC new | 36,428 | $5M | 1.5% | 2025-Q1 stale |
| FOUNDERS FINANCIAL SECURITIES LLC added | 36,444 | $5M | 1.5% | 2025-Q2 stale |
| HOLLENCREST CAPITAL MANAGEMENT trimmed | 34,455 | $5M | 1.5% | 2025-Q1 stale |
| Capital Advisory Group Advisory Services, LLC added | 26,370 | $4M | 1.1% | 2025-Q4 stale |
| COTTONWOOD CAPITAL ADVISORS, LLC added | 26,117 | $4M | 1.1% | 2025-Q4 stale |
| PETERSON WEALTH MANAGEMENT new | 25,478 | $3M | 1.1% | 2025-Q2 stale |
| Tudor Financial Inc. added | 24,135 | $3M | 1.0% | 2025-Q3 stale |
| Game Plan Financial Advisors, LLC added | 19,655 | $3M | 0.8% | 2025-Q2 stale |
| AVANTAX ADVISORY SERVICES, INC. added | 18,067 | $2M | 0.7% | 2025-Q2 stale |
| JANE STREET GROUP, LLC added | 16,066 | $2M | 0.7% | 2025-Q4 stale |
| VestGen Advisors, LLC added | 15,648 | $2M | 0.6% | 2025-Q2 stale |
| Chicago Wealth Management, Inc. trimmed | 14,345 | $2M | 0.6% | 2025-Q2 stale |
| Eagle Strategies LLC added | 13,972 | $2M | 0.6% | 2025-Q2 stale |
| Concentric Capital Strategies, LP new | 13,423 | $2M | 0.6% | 2025-Q4 stale |
| HRT FINANCIAL LP added | 12,279 | $2M | 0.5% | 2025-Q3 stale |
| CITIGROUP INC added | 9,917 | $1M | 0.4% | 2025-Q3 stale |
| LEE JOHNSON CAPITAL MANAGEMENT, LLC new | 9,779 | $1M | 0.4% | 2025-Q2 stale |
| GREAT VALLEY ADVISOR GROUP, INC. trimmed | 9,045 | $1M | 0.4% | 2025-Q3 stale |
| Smith Anglin Financial, LLC trimmed | 8,862 | $1M | 0.4% | 2025-Q2 stale |
| Atria Investments, Inc trimmed | 7,808 | $1M | 0.3% | 2025-Q3 stale |
| Financial Management Professionals, Inc. trimmed | 7,674 | $1M | 0.3% | 2025-Q2 stale |
| Bramshill Investments, LLC new | 7,500 | $1M | 0.3% | 2025-Q2 stale |
| M3 Wealth Management, LLC new | 6,798 | $926K | 0.3% | 2025-Q4 stale |
| Stratos Wealth Partners, LTD. trimmed | 6,494 | $895K | 0.3% | 2025-Q1 stale |
| Fulcrum Equity Management trimmed | 6,351 | $854K | 0.3% | 2025-Q2 stale |
| Apeiron RIA LLC added | 5,802 | $765K | 0.2% | 2025-Q3 stale |
| Fortis Group Advisors, LLC trimmed | 5,962 | $760K | 0.2% | 2025-Q2 stale |
| ACCESS FINANCIAL SERVICES, INC. trimmed | 5,449 | $742K | 0.2% | 2025-Q4 stale |
| Elevate Capital Advisors, LLC new | 5,125 | $689K | 0.2% | 2025-Q2 stale |
| OLD MISSION CAPITAL LLC added | 4,935 | $661K | 0.2% | 2025-Q3 stale |
| DAVENPORT & Co LLC added | 4,900 | $657K | 0.2% | 2025-Q3 stale |
| KINGSWOOD WEALTH ADVISORS, LLC trimmed | 4,870 | $653K | 0.2% | 2025-Q3 stale |
| Tepp RIA, LLC trimmed | 4,596 | $626K | 0.2% | 2025-Q4 stale |
| IFG Advisory, LLC trimmed | 4,551 | $620K | 0.2% | 2025-Q4 stale |
| Efficient Advisors, LLC new | 4,504 | $606K | 0.2% | 2025-Q2 stale |
| AMJ Financial Wealth Management new | 4,364 | $601K | 0.2% | 2025-Q1 stale |
| Sanctuary Advisors, LLC trimmed | 4,317 | $595K | 0.2% | 2025-Q3 stale |
| MUIRFIELD WEALTH ADVISORS LLC added | 4,393 | $589K | 0.2% | 2025-Q3 stale |
| WT Wealth Management added | 4,210 | $573K | 0.2% | 2025-Q4 stale |
| CoreCap Advisors, LLC new | 4,185 | $563K | 0.2% | 2025-Q2 stale |
| Ashton Thomas Private Wealth, LLC added | 3,832 | $528K | 0.2% | 2025-Q1 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.