Who owns IBDU
Which tracked institutional funds hold IBDU, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See IBDU company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-19). 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
122 tracked funds added or opened IBDU while 45 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
IBDU’s largest tracked holder by dollar value, SHUFRO ROSE & CO LLC, sizes it at 11.6% of its own reported 13F book, while the median holder sizes it at 0.5% of theirs — a 11.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in IBDU 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 376 tracked filers holding IBDU, 255 increased or opened the position and 118 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 IBDU 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 20
- Global Retirement Partners, LLC$9M
- SPRENG CAPITAL MANAGEMENT, INC.$7M
- Apollon Wealth Management, LLC$6M
- Matthew Goff Investment Advisor, LLC$3M
- KINTRA WEALTH, LLC$3M
- Modern Wealth Management, LLC$2M
Full exits 26
- HighTower Advisors, LLC$43M
- THREADGILL FINANCIAL, LLC$21M
- NOVEM GROUP$13M
- Motley Fool Wealth Management, LLC$11M
- ES4, LLC$11M
- MCF Advisors LLC$10M
Largest adds
- SHUFRO ROSE & CO LLC$108M
- MERCER GLOBAL ADVISORS INC /ADV$17M
- AMERIPRISE FINANCIAL INC$12M
- RAYMOND JAMES FINANCIAL INC$10M
- HM PAYSON & CO$7M
- BANK OF AMERICA CORP /DE/$7M
Largest trims
- Lido Advisors, LLC$10M
- Commonwealth Financial Services, LLC$7M
- Cornerstone Planning, LLC$6M
- MORGAN STANLEY$5M
- Equitable Holdings, Inc.$5M
- JPMORGAN CHASE & CO$2M
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 |
|---|---|---|---|---|
| SHUFRO ROSE & CO LLC added | 8,668,602 | $201M | 7.4% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 7,630,704 | $177M | 6.5% | 2026-Q2 |
| Aptus Capital Advisors, LLC added | 6,497,005 | $150M | 5.6% | 2026-Q2 |
| MORGAN STANLEY trimmed | 6,487,553 | $150M | 5.6% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 5,791,658 | $134M | 5.0% | 2026-Q2 |
| CAPITAL ADVISORS INC/OK added | 5,140,239 | $119M | 4.4% | 2026-Q2 |
| Capital Investment Advisors, LLC added | 4,035,738 | $93M | 3.5% | 2026-Q2 |
| UBS Group AG added | 3,887,671 | $90M | 3.3% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 3,599,661 | $83M | 3.1% | 2026-Q2 |
| HM PAYSON & CO added | 3,142,337 | $73M | 2.7% | 2026-Q2 |
| Lido Advisors, LLC trimmed | 2,852,951 | $66M | 2.4% | 2026-Q2 |
| LPL Financial LLC added | 2,506,686 | $58M | 2.2% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 2,289,483 | $53M | 2.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 2,220,273 | $51M | 1.9% | 2026-Q2 |
| SUMMITRY LLC added | 2,022,397 | $47M | 1.7% | 2026-Q2 |
| Sound View Wealth Advisors Group, LLC added | 1,895,010 | $44M | 1.6% | 2026-Q2 |
| WOODMONT INVESTMENT COUNSEL LLC added | 1,771,527 | $41M | 1.5% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 1,629,388 | $38M | 1.4% | 2026-Q2 |
| Klingman & Associates, LLC added | 1,622,444 | $38M | 1.4% | 2026-Q2 |
| SIGMA INVESTMENT COUNSELORS INC added | 1,561,416 | $36M | 1.3% | 2026-Q2 |
| Gratus Wealth Advisors, LLC added | 1,550,502 | $36M | 1.3% | 2026-Q2 |
| Venture Visionary Partners LLC trimmed | 1,491,364 | $35M | 1.3% | 2026-Q2 |
| Meiji Yasuda Life Insurance Co added | 1,315,000 | $30M | 1.1% | 2026-Q2 |
| Summit Financial, LLC added | 1,229,949 | $28M | 1.1% | 2026-Q2 |
| Kathmere Capital Management, LLC added | 1,224,087 | $28M | 1.1% | 2026-Q2 |
| Wealthcare Advisory Partners LLC added | 1,223,806 | $28M | 1.1% | 2026-Q2 |
| RVW Wealth, LLC added | 1,210,684 | $28M | 1.0% | 2026-Q2 |
| Advisors Capital Management, LLC added | 1,207,209 | $28M | 1.0% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 1,182,596 | $27M | 1.0% | 2026-Q2 |
| Seven Springs Wealth Group, LLC trimmed | 1,161,935 | $27M | 1.0% | 2026-Q2 |
| HOWLAND CAPITAL MANAGEMENT LLC added | 1,118,191 | $26M | 1.0% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 937,764 | $22M | 0.8% | 2026-Q2 |
| MV CAPITAL MANAGEMENT, INC. | 871,158 | $20M | 0.8% | 2026-Q2 |
| Summit Asset Management, LLC added | 793,992 | $18M | 0.7% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS added | 764,126 | $18M | 0.7% | 2026-Q2 |
| BlackRock, Inc. added | 740,823 | $17M | 0.6% | 2026-Q2 |
| First National Trust Co added | 715,822 | $17M | 0.6% | 2026-Q2 |
| US BANCORP \DE\ added | 715,219 | $17M | 0.6% | 2026-Q2 |
| Arrow Financial Corp added | 655,962 | $15M | 0.6% | 2026-Q2 |
| Ironwood Financial, llc added | 636,737 | $15M | 0.5% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 613,536 | $14M | 0.5% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 605,089 | $14M | 0.5% | 2026-Q2 |
| Mesirow Financial Investment Management, Inc. added | 599,061 | $14M | 0.5% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 572,041 | $13M | 0.5% | 2026-Q2 |
| Windsor Capital Management, LLC added | 562,587 | $13M | 0.5% | 2026-Q2 |
| Robertson Stephens Wealth Management, LLC trimmed | 555,787 | $13M | 0.5% | 2026-Q2 |
| Baltimore-Washington Financial Advisors, Inc. added | 552,048 | $13M | 0.5% | 2026-Q2 |
| LYELL WEALTH MANAGEMENT, LP added | 546,943 | $13M | 0.5% | 2026-Q2 |
| Probity Advisors, Inc. added | 540,849 | $13M | 0.5% | 2026-Q2 |
| SPINNAKER TRUST added | 536,924 | $12M | 0.5% | 2026-Q2 |
| Ruggaard & Associates LLC added | 528,717 | $12M | 0.5% | 2026-Q2 |
| CENTRAL TRUST Co added | 517,935 | $12M | 0.4% | 2026-Q2 |
| Glenview Trust Co added | 510,500 | $12M | 0.4% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 485,028 | $11M | 0.4% | 2026-Q2 |
| REBALANCE, LLC added | 458,533 | $11M | 0.4% | 2026-Q2 |
| Strid Group, LLC added | 443,780 | $10M | 0.4% | 2026-Q2 |
| Parkway Wealth Management Group, LLC added | 439,736 | $10M | 0.4% | 2026-Q2 |
| BENJAMIN EDWARDS INC trimmed | 404,090 | $9M | 0.3% | 2026-Q2 |
| Global Retirement Partners, LLC added | 397,717 | $9M | 0.3% | 2026-Q2 |
| First International Bank of Israel Ltd. | 395,000 | $9M | 0.3% | 2026-Q2 |
| LBMC INVESTMENT ADVISORS, LLC added | 367,266 | $9M | 0.3% | 2026-Q2 |
| ARCADIA INVESTMENT ADVISORS LLC added | 347,588 | $8M | 0.3% | 2026-Q2 |
| Penobscot Investment Management Company, Inc. added | 343,065 | $8M | 0.3% | 2026-Q2 |
| Guidance Point Advisors, LLC added | 341,567 | $8M | 0.3% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 337,049 | $8M | 0.3% | 2026-Q2 |
| Parallel Advisors, LLC added | 313,883 | $7M | 0.3% | 2026-Q2 |
| InvesTrust added | 309,429 | $7M | 0.3% | 2026-Q2 |
| Envision Financial Planning, LLC added | 305,471 | $7M | 0.3% | 2026-Q2 |
| SPRENG CAPITAL MANAGEMENT, INC. added | 298,459 | $7M | 0.3% | 2026-Q2 |
| Praetorian Wealth Management, Inc. added | 297,915 | $7M | 0.3% | 2026-Q2 |
| Cetera Investment Advisers added | 286,885 | $7M | 0.2% | 2026-Q2 |
| Beacon Pointe Advisors, LLC added | 279,053 | $6M | 0.2% | 2026-Q2 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC added | 278,417 | $6M | 0.2% | 2026-Q2 |
| J.W. COLE ADVISORS, INC. trimmed | 277,601 | $6M | 0.2% | 2026-Q2 |
| IFP Advisors, Inc added | 272,975 | $6M | 0.2% | 2026-Q2 |
| Merit Financial Group, LLC added | 261,657 | $6M | 0.2% | 2026-Q2 |
| EP Wealth Advisors, LLC added | 256,326 | $6M | 0.2% | 2026-Q2 |
| Snowden Capital Advisors LLC added | 255,694 | $6M | 0.2% | 2026-Q2 |
| DROMS STRAUSS ADVISORS INC /MO/ /ADV added | 250,490 | $6M | 0.2% | 2026-Q2 |
| VIRGINIA WEALTH MANAGEMENT GROUP, INC. added | 249,415 | $6M | 0.2% | 2026-Q2 |
| HAMEL ASSOCIATES, INC. trimmed | 245,615 | $6M | 0.2% | 2026-Q2 |
| Apollon Wealth Management, LLC new | 245,087 | $6M | 0.2% | 2026-Q2 |
| Great Diamond Partners, LLC added | 235,576 | $5M | 0.2% | 2026-Q2 |
| Atlantic Union Bankshares Corp trimmed | 233,769 | $5M | 0.2% | 2026-Q2 |
| 4Thought Financial Group Inc. added | 233,473 | $5M | 0.2% | 2026-Q2 |
| Houlihan Financial Resource Group, Ltd. added | 232,703 | $5M | 0.2% | 2026-Q2 |
| Winthrop Partners - WNY, LLC added | 227,803 | $5M | 0.2% | 2026-Q2 |
| Krilogy Financial LLC added | 226,780 | $5M | 0.2% | 2026-Q2 |
| HANCOCK WHITNEY CORP added | 226,507 | $5M | 0.2% | 2026-Q2 |
| OneDigital Investment Advisors LLC trimmed | 217,105 | $5M | 0.2% | 2026-Q2 |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC added | 214,164 | $5M | 0.2% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 211,817 | $5M | 0.2% | 2026-Q2 |
| REGIONS FINANCIAL CORP added | 206,396 | $5M | 0.2% | 2026-Q2 |
| MEMBERS WEALTH LLC added | 202,246 | $5M | 0.2% | 2026-Q2 |
| 10Elms LLP added | 199,139 | $5M | 0.2% | 2026-Q2 |
| Sowell Financial Services LLC trimmed | 193,159 | $4M | 0.2% | 2026-Q2 |
| Rossmore Private Capital added | 191,186 | $4M | 0.2% | 2026-Q2 |
| Heartland Bank & Trust Co added | 190,831 | $4M | 0.2% | 2026-Q2 |
| Chicago Partners Investment Group LLC added | 190,305 | $4M | 0.2% | 2026-Q2 |
| BEESE FULMER INVESTMENT MANAGEMENT, INC. added | 189,726 | $4M | 0.2% | 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.