Who owns IBDW
Which tracked institutional funds hold IBDW, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See IBDW 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
79 tracked funds added or opened IBDW while 32 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
IBDW’s largest tracked holder by dollar value, Aptus Capital Advisors, LLC, sizes it at 1.1% of its own reported 13F book, while the median holder sizes it at 0.2% of theirs — a 1.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in IBDW 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 281 tracked filers holding IBDW, 189 increased or opened the position and 83 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 IBDW 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 12
- NewEdge Advisors, LLC$25M
- Concurrent Investment Advisors, LLC$7M
- Apollon Wealth Management, LLC$4M
- Modern Wealth Management, LLC$3M
- Bullock Wealth Management Group$1M
- ABSOLUTE CAPITAL MANAGEMENT, LLC$1M
Full exits 20
- HighTower Advisors, LLC$37M
- Janney Montgomery Scott LLC$10M
- Motley Fool Wealth Management, LLC$8M
- MOSELEY INVESTMENT MANAGEMENT INC$7M
- Peloton Wealth Strategists$6M
- Signature Wealth Management Group$4M
Largest adds
- MERCER GLOBAL ADVISORS INC /ADV$20M
- BlackRock, Inc.$17M
- Windsor Capital Management, LLC$8M
- Hills Bank & Trust Co$7M
- JANE STREET GROUP, LLC$6M
- BANK OF AMERICA CORP /DE/$6M
Largest trims
- MB, LEVIS & ASSOCIATES, LLC$14M
- Summit Financial, LLC$11M
- Commonwealth Financial Services, LLC$7M
- MORGAN STANLEY$4M
- Lido Advisors, LLC$2M
- RAYMOND JAMES FINANCIAL INC$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 |
|---|---|---|---|---|
| Aptus Capital Advisors, LLC added | 7,526,023 | $157M | 9.0% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 5,468,188 | $114M | 6.6% | 2026-Q2 |
| MORGAN STANLEY trimmed | 4,872,246 | $102M | 5.8% | 2026-Q2 |
| Capital Investment Advisors, LLC added | 4,032,502 | $84M | 4.8% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 3,493,863 | $73M | 4.2% | 2026-Q2 |
| CAPITAL ADVISORS INC/OK added | 3,366,208 | $70M | 4.0% | 2026-Q2 |
| Venture Visionary Partners LLC added | 3,118,072 | $65M | 3.7% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 2,330,862 | $49M | 2.8% | 2026-Q2 |
| Sarver Vrooman Wealth Advisors added | 2,220,499 | $46M | 2.7% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 2,056,315 | $43M | 2.5% | 2026-Q2 |
| UBS Group AG added | 1,974,964 | $41M | 2.4% | 2026-Q2 |
| SIGMA INVESTMENT COUNSELORS INC added | 1,899,841 | $40M | 2.3% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 1,890,508 | $39M | 2.3% | 2026-Q2 |
| Advisors Capital Management, LLC added | 1,859,275 | $39M | 2.2% | 2026-Q2 |
| Klingman & Associates, LLC added | 1,766,564 | $37M | 2.1% | 2026-Q2 |
| SUMMITRY LLC added | 1,659,714 | $35M | 2.0% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 1,536,466 | $32M | 1.8% | 2026-Q2 |
| Summit Financial, LLC trimmed | 1,399,981 | $29M | 1.7% | 2026-Q2 |
| Sound View Wealth Advisors Group, LLC added | 1,323,935 | $28M | 1.6% | 2026-Q2 |
| NewEdge Advisors, LLC added | 1,210,400 | $25M | 1.5% | 2026-Q2 |
| WOODMONT INVESTMENT COUNSEL LLC added | 1,127,880 | $24M | 1.4% | 2026-Q2 |
| MV CAPITAL MANAGEMENT, INC. | 912,123 | $19M | 1.1% | 2026-Q2 |
| US BANCORP \DE\ added | 892,375 | $19M | 1.1% | 2026-Q2 |
| EP Wealth Advisors, LLC added | 868,068 | $18M | 1.0% | 2026-Q2 |
| BlackRock, Inc. added | 814,335 | $17M | 1.0% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 802,813 | $17M | 1.0% | 2026-Q2 |
| Arrow Financial Corp added | 741,952 | $15M | 0.9% | 2026-Q2 |
| LPL Financial LLC added | 724,949 | $15M | 0.9% | 2026-Q2 |
| HOWLAND CAPITAL MANAGEMENT LLC added | 684,857 | $14M | 0.8% | 2026-Q2 |
| Ironwood Financial, llc added | 660,559 | $14M | 0.8% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 643,295 | $13M | 0.8% | 2026-Q2 |
| Envision Financial Planning, LLC added | 641,798 | $13M | 0.8% | 2026-Q2 |
| Lido Advisors, LLC trimmed | 603,204 | $13M | 0.7% | 2026-Q2 |
| Mariner, LLC trimmed | 583,372 | $12M | 0.7% | 2026-Q2 |
| PFG Private Wealth Management, LLC trimmed | 578,995 | $12M | 0.7% | 2026-Q2 |
| Probity Advisors, Inc. added | 573,243 | $12M | 0.7% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 532,424 | $11M | 0.6% | 2026-Q2 |
| First National Trust Co added | 520,124 | $11M | 0.6% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 508,581 | $11M | 0.6% | 2026-Q2 |
| Parkway Wealth Management Group, LLC added | 486,711 | $10M | 0.6% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 475,124 | $10M | 0.6% | 2026-Q2 |
| Atlantic Union Bankshares Corp added | 463,988 | $10M | 0.6% | 2026-Q2 |
| Cornerstone Planning, LLC added | 458,296 | $10M | 0.5% | 2026-Q2 |
| Windsor Capital Management, LLC added | 433,744 | $9M | 0.5% | 2026-Q2 |
| COWA, LLC added | 433,167 | $9M | 0.5% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 431,279 | $9M | 0.5% | 2026-Q2 |
| Guidance Point Advisors, LLC added | 431,138 | $9M | 0.5% | 2026-Q2 |
| Glenview Trust Co added | 430,124 | $9M | 0.5% | 2026-Q2 |
| Hills Bank & Trust Co added | 405,071 | $8M | 0.5% | 2026-Q2 |
| SPRENG CAPITAL MANAGEMENT, INC. added | 391,643 | $8M | 0.5% | 2026-Q2 |
| Snowden Capital Advisors LLC added | 386,984 | $8M | 0.5% | 2026-Q2 |
| LYELL WEALTH MANAGEMENT, LP added | 369,802 | $8M | 0.4% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 355,795 | $7M | 0.4% | 2026-Q2 |
| Concurrent Investment Advisors, LLC new | 316,874 | $7M | 0.4% | 2026-Q2 |
| Parallel Advisors, LLC added | 313,991 | $7M | 0.4% | 2026-Q2 |
| Praetorian Wealth Management, Inc. added | 306,517 | $6M | 0.4% | 2026-Q2 |
| 4Thought Financial Group Inc. added | 301,622 | $6M | 0.4% | 2026-Q2 |
| Cheviot Value Management, LLC trimmed | 298,110 | $6M | 0.4% | 2026-Q2 |
| HANCOCK WHITNEY CORP added | 295,165 | $6M | 0.4% | 2026-Q2 |
| DROMS STRAUSS ADVISORS INC /MO/ /ADV added | 277,060 | $6M | 0.3% | 2026-Q2 |
| Beaumont Asset Management, L.L.C. added | 276,416 | $6M | 0.3% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 268,177 | $6M | 0.3% | 2026-Q2 |
| Krilogy Financial LLC trimmed | 267,705 | $6M | 0.3% | 2026-Q2 |
| ADIRONDACK TRUST CO added | 259,253 | $5M | 0.3% | 2026-Q2 |
| VIRGINIA WEALTH MANAGEMENT GROUP, INC. added | 242,115 | $5M | 0.3% | 2026-Q2 |
| Sanctuary Advisors, LLC added | 235,560 | $5M | 0.3% | 2026-Q2 |
| CENTRAL TRUST Co added | 231,504 | $5M | 0.3% | 2026-Q2 |
| Winthrop Partners - WNY, LLC added | 222,319 | $5M | 0.3% | 2026-Q2 |
| Chicago Partners Investment Group LLC added | 210,919 | $4M | 0.2% | 2026-Q2 |
| Wilkins Miller Wealth Management, LLC trimmed | 207,018 | $4M | 0.2% | 2026-Q2 |
| PRECEDENT WEALTH PARTNERS, LLC added | 203,531 | $4M | 0.2% | 2026-Q2 |
| Apollon Wealth Management, LLC new | 201,721 | $4M | 0.2% | 2026-Q2 |
| BENJAMIN EDWARDS INC trimmed | 193,491 | $4M | 0.2% | 2026-Q2 |
| Cetera Investment Advisers added | 192,734 | $4M | 0.2% | 2026-Q2 |
| Houlihan Financial Resource Group, Ltd. added | 186,267 | $4M | 0.2% | 2026-Q2 |
| Clearstead Advisors, LLC trimmed | 185,948 | $4M | 0.2% | 2026-Q2 |
| OneDigital Investment Advisors LLC trimmed | 185,102 | $4M | 0.2% | 2026-Q2 |
| Rossmore Private Capital added | 171,546 | $4M | 0.2% | 2026-Q2 |
| Quantum Financial Advisors, LLC added | 167,044 | $3M | 0.2% | 2026-Q2 |
| Beacon Pointe Advisors, LLC added | 164,663 | $3M | 0.2% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC | 163,040 | $3M | 0.2% | 2026-Q2 |
| MCF Advisors LLC added | 155,130 | $3M | 0.2% | 2026-Q2 |
| MEMBERS WEALTH LLC added | 150,935 | $3M | 0.2% | 2026-Q2 |
| Valmark Advisers, Inc. added | 140,059 | $3M | 0.2% | 2026-Q2 |
| Segment Wealth Management, LLC added | 139,435 | $3M | 0.2% | 2026-Q2 |
| IFP Advisors, Inc trimmed | 137,046 | $3M | 0.2% | 2026-Q2 |
| FULTON BREAKEFIELD BROENNIMAN LLC added | 134,439 | $3M | 0.2% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 132,320 | $3M | 0.2% | 2026-Q2 |
| Stratos Wealth Partners, LTD. trimmed | 129,141 | $3M | 0.2% | 2026-Q2 |
| Marathon Mission, Inc. trimmed | 126,006 | $3M | 0.2% | 2026-Q2 |
| Atria Investments, Inc added | 125,871 | $3M | 0.2% | 2026-Q2 |
| KINTRA WEALTH, LLC trimmed | 125,217 | $3M | 0.1% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 124,636 | $3M | 0.1% | 2026-Q2 |
| Modern Wealth Management, LLC new | 122,246 | $3M | 0.1% | 2026-Q2 |
| Wealthstar Advisors, LLC added | 118,934 | $2M | 0.1% | 2026-Q2 |
| Commonwealth Financial Services, LLC trimmed | 118,177 | $2M | 0.1% | 2026-Q2 |
| Stonebrook Private Inc. added | 117,475 | $2M | 0.1% | 2026-Q2 |
| HAMEL ASSOCIATES, INC. added | 116,752 | $2M | 0.1% | 2026-Q2 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC added | 115,815 | $2M | 0.1% | 2026-Q2 |
| 10Elms LLP added | 111,263 | $2M | 0.1% | 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.