Who owns IBDW (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-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 IBDW is one-sided between 2025-Q4 and 2026-Q1: 92 added or opened and 22 trimmed or exited — on balance accumulating.
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 1.3% of its own reported 13F book, while the median holder sizes it at 0.4% 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 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 2025-Q4 and 2026-Q1, across 287 tracked filers holding IBDW, 217 increased or opened the position and 53 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 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 16
- Cornerstone Planning, LLC$9M
- SPRENG CAPITAL MANAGEMENT, INC.$8M
- JANE STREET GROUP, LLC$5M
- Equitable Holdings, Inc.$4M
- VIRGINIA WEALTH MANAGEMENT GROUP, INC.$4M
- GOLDMAN SACHS GROUP INC$3M
Full exits 8
- NewEdge Advisors, LLC$25M
- Whalen Wealth Management Inc.$3M
- Global Retirement Partners, LLC$1M
- FLOW TRADERS U.S. LLC$1M
- Walleye Partners, LLC$1M
- Farmers National Bank$932K
Largest adds
- RAYMOND JAMES FINANCIAL INC$21M
- BANK OF AMERICA CORP /DE/$20M
- HighTower Advisors, LLC$12M
- MORGAN STANLEY$7M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$6M
- UBS Group AG$4M
Largest trims
- MERCER GLOBAL ADVISORS INC /ADV$22M
- AMERIPRISE FINANCIAL INC$13M
- WELLS FARGO & COMPANY/MN$5M
- Keeler Thomas Management LLC$4M
- STIFEL FINANCIAL CORP$4M
- Sarver Vrooman Wealth Advisors$3M
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 |
|---|---|---|---|---|
| Aptus Capital Advisors, LLC added | 7,393,304 | $155M | 8.7% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 5,166,787 | $108M | 6.1% | 2026-Q1 |
| MORGAN STANLEY added | 5,058,827 | $106M | 6.0% | 2026-Q1 |
| Capital Investment Advisors, LLC added | 3,841,541 | $80M | 4.5% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 3,566,527 | $75M | 4.2% | 2026-Q1 |
| CAPITAL ADVISORS INC/OK added | 3,316,750 | $69M | 3.9% | 2026-Q1 |
| Venture Visionary Partners LLC added | 2,853,427 | $60M | 3.4% | 2026-Q1 |
| Sarver Vrooman Wealth Advisors trimmed | 2,194,181 | $46M | 2.6% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 2,080,313 | $44M | 2.4% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 2,058,364 | $43M | 2.4% | 2026-Q1 |
| Summit Financial, LLC added | 1,900,235 | $40M | 2.2% | 2026-Q1 |
| UBS Group AG added | 1,894,630 | $40M | 2.2% | 2026-Q1 |
| SIGMA INVESTMENT COUNSELORS INC added | 1,816,012 | $38M | 2.1% | 2026-Q1 |
| HighTower Advisors, LLC added | 1,773,629 | $37M | 2.1% | 2026-Q1 |
| Advisors Capital Management, LLC added | 1,749,262 | $37M | 2.1% | 2026-Q1 |
| Klingman & Associates, LLC added | 1,699,798 | $36M | 2.0% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 1,607,751 | $34M | 1.9% | 2026-Q1 |
| SUMMITRY LLC added | 1,565,137 | $33M | 1.8% | 2026-Q1 |
| Sound View Wealth Advisors Group, LLC added | 1,182,844 | $25M | 1.4% | 2026-Q1 |
| WOODMONT INVESTMENT COUNSEL LLC added | 936,335 | $20M | 1.1% | 2026-Q1 |
| MV CAPITAL MANAGEMENT, INC. added | 912,123 | $19M | 1.1% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 909,529 | $19M | 1.1% | 2026-Q1 |
| US BANCORP \DE\ added | 891,295 | $19M | 1.0% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 769,745 | $16M | 0.9% | 2026-Q1 |
| EP Wealth Advisors, LLC trimmed | 731,129 | $15M | 0.9% | 2026-Q1 |
| Arrow Financial Corp added | 722,758 | $15M | 0.9% | 2026-Q1 |
| Lido Advisors, LLC trimmed | 696,445 | $15M | 0.8% | 2026-Q1 |
| MB, LEVIS & ASSOCIATES, LLC added | 657,363 | $14M | 0.8% | 2026-Q1 |
| LPL Financial LLC added | 649,780 | $14M | 0.8% | 2026-Q1 |
| Mariner, LLC added | 649,578 | $14M | 0.8% | 2026-Q1 |
| Envision Financial Planning, LLC added | 639,767 | $13M | 0.8% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 632,154 | $13M | 0.7% | 2026-Q1 |
| PFG Private Wealth Management, LLC added | 629,507 | $13M | 0.7% | 2026-Q1 |
| Ironwood Financial, llc added | 569,411 | $12M | 0.7% | 2026-Q1 |
| Probity Advisors, Inc. added | 524,604 | $11M | 0.6% | 2026-Q1 |
| HOWLAND CAPITAL MANAGEMENT LLC added | 520,826 | $11M | 0.6% | 2026-Q1 |
| Parkway Wealth Management Group, LLC added | 482,931 | $10M | 0.6% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 478,622 | $10M | 0.6% | 2026-Q1 |
| Commonwealth Financial Services, LLC added | 460,273 | $10M | 0.5% | 2026-Q1 |
| First National Trust Co added | 450,146 | $9M | 0.5% | 2026-Q1 |
| Cornerstone Planning, LLC new | 446,549 | $9M | 0.5% | 2026-Q1 |
| Atlantic Union Bankshares Corp added | 427,594 | $9M | 0.5% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 423,036 | $9M | 0.5% | 2026-Q1 |
| Guidance Point Advisors, LLC added | 422,142 | $9M | 0.5% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 414,526 | $9M | 0.5% | 2026-Q1 |
| COWA, LLC added | 408,644 | $9M | 0.5% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 406,814 | $9M | 0.5% | 2026-Q1 |
| Glenview Trust Co added | 393,227 | $8M | 0.5% | 2026-Q1 |
| SPRENG CAPITAL MANAGEMENT, INC. new | 381,199 | $8M | 0.4% | 2026-Q1 |
| Snowden Capital Advisors LLC added | 380,644 | $8M | 0.4% | 2026-Q1 |
| Motley Fool Wealth Management, LLC trimmed | 364,416 | $8M | 0.4% | 2026-Q1 |
| MOSELEY INVESTMENT MANAGEMENT INC added | 355,021 | $7M | 0.4% | 2026-Q1 |
| LYELL WEALTH MANAGEMENT, LP added | 349,577 | $7M | 0.4% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 348,743 | $7M | 0.4% | 2026-Q1 |
| Peloton Wealth Strategists added | 307,350 | $6M | 0.4% | 2026-Q1 |
| Cheviot Value Management, LLC added | 300,130 | $6M | 0.4% | 2026-Q1 |
| Praetorian Wealth Management, Inc. added | 296,244 | $6M | 0.3% | 2026-Q1 |
| Parallel Advisors, LLC added | 292,121 | $6M | 0.3% | 2026-Q1 |
| HANCOCK WHITNEY CORP added | 291,173 | $6M | 0.3% | 2026-Q1 |
| Krilogy Financial LLC added | 269,070 | $6M | 0.3% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 262,635 | $5M | 0.3% | 2026-Q1 |
| Beaumont Asset Management, L.L.C. added | 256,851 | $5M | 0.3% | 2026-Q1 |
| DROMS STRAUSS ADVISORS INC /MO/ /ADV added | 249,171 | $5M | 0.3% | 2026-Q1 |
| 4Thought Financial Group Inc. trimmed | 244,684 | $5M | 0.3% | 2026-Q1 |
| ADIRONDACK TRUST CO added | 244,444 | $5M | 0.3% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 224,702 | $5M | 0.3% | 2026-Q1 |
| BENJAMIN EDWARDS INC added | 219,566 | $5M | 0.3% | 2026-Q1 |
| OneDigital Investment Advisors LLC added | 213,556 | $4M | 0.3% | 2026-Q1 |
| Winthrop Partners - WNY, LLC added | 212,776 | $4M | 0.3% | 2026-Q1 |
| Wilkins Miller Wealth Management, LLC trimmed | 211,441 | $4M | 0.2% | 2026-Q1 |
| Signature Wealth Management Group trimmed | 210,521 | $4M | 0.2% | 2026-Q1 |
| Chicago Partners Investment Group LLC added | 208,444 | $4M | 0.2% | 2026-Q1 |
| Equitable Holdings, Inc. new | 207,543 | $4M | 0.2% | 2026-Q1 |
| CWM, LLC added | 193,091 | $4M | 0.2% | 2026-Q1 |
| Sanctuary Advisors, LLC added | 192,103 | $4M | 0.2% | 2026-Q1 |
| VIRGINIA WEALTH MANAGEMENT GROUP, INC. new | 191,815 | $4M | 0.2% | 2026-Q1 |
| CENTRAL TRUST Co added | 190,340 | $4M | 0.2% | 2026-Q1 |
| Clearstead Advisors, LLC added | 186,315 | $4M | 0.2% | 2026-Q1 |
| PRECEDENT WEALTH PARTNERS, LLC added | 170,410 | $4M | 0.2% | 2026-Q1 |
| Houlihan Financial Resource Group, Ltd. added | 166,946 | $3M | 0.2% | 2026-Q1 |
| Cetera Investment Advisers added | 165,005 | $3M | 0.2% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC trimmed | 163,040 | $3M | 0.2% | 2026-Q1 |
| Rossmore Private Capital added | 159,376 | $3M | 0.2% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 158,223 | $3M | 0.2% | 2026-Q1 |
| Quantum Financial Advisors, LLC added | 157,872 | $3M | 0.2% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 153,704 | $3M | 0.2% | 2026-Q1 |
| MCF Advisors LLC added | 153,478 | $3M | 0.2% | 2026-Q1 |
| IFP Advisors, Inc added | 139,773 | $3M | 0.2% | 2026-Q1 |
| MEMBERS WEALTH LLC added | 138,918 | $3M | 0.2% | 2026-Q1 |
| Marathon Mission, Inc. added | 130,566 | $3M | 0.2% | 2026-Q1 |
| Stratos Wealth Partners, LTD. added | 129,410 | $3M | 0.2% | 2026-Q1 |
| NewEdge Advisors, LLC added | 1,195,846 | $25M | 1.4% | 2025-Q4 stale |
| Vishria Bird Financial Group, LLC new | 912,481 | $19M | 1.1% | 2025-Q3 stale |
| Frisch Financial Group, Inc. added | 901,284 | $19M | 1.1% | 2025-Q2 stale |
| Buffington Mohr McNeal added | 673,998 | $14M | 0.8% | 2025-Q1 stale |
| CONFLUENCE INVESTMENT MANAGEMENT LLC trimmed | 487,502 | $10M | 0.6% | 2025-Q2 stale |
| Sandy Spring Bank added | 271,734 | $6M | 0.3% | 2025-Q1 stale |
| Seascape Capital Management trimmed | 260,724 | $6M | 0.3% | 2025-Q3 stale |
| Sabal Trust CO added | 241,959 | $5M | 0.3% | 2025-Q1 stale |
| Whalen Wealth Management Inc. new | 161,499 | $3M | 0.2% | 2025-Q4 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.