Who owns IBDX
Which tracked institutional funds hold IBDX, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See IBDX 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
57 tracked funds added or opened IBDX while 21 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
IBDX’s largest tracked holder by dollar value, Aptus Capital Advisors, LLC, sizes it at 1.2% of its own reported 13F book, while the median holder sizes it at 0.1% 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 IBDX 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 220 tracked filers holding IBDX, 153 increased or opened the position and 57 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 IBDX 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 8
- NewEdge Advisors, LLC$22M
- Concurrent Investment Advisors, LLC$6M
- EP Wealth Advisors, LLC$3M
- Modern Wealth Management, LLC$3M
- Bullock Wealth Management Group$1M
- Aspen Wealth Management LLC$669K
Full exits 11
- HighTower Advisors, LLC$22M
- Janney Montgomery Scott LLC$10M
- Signature Wealth Management Group$4M
- CWM, LLC$4M
- Peloton Wealth Strategists$3M
- GOLDMAN SACHS GROUP INC$2M
Largest adds
- RAYMOND JAMES FINANCIAL INC$11M
- ROYAL BANK OF CANADA$8M
- WELLS FARGO & COMPANY/MN$7M
- Capital Investment Advisors, LLC$4M
- BANK OF AMERICA CORP /DE/$3M
- Probity Advisors, Inc.$3M
Largest trims
- Summit Financial, LLC$11M
- MORGAN STANLEY$8M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$4M
- AMERIPRISE FINANCIAL INC$2M
- PFG Private Wealth Management, LLC$1M
- Private Advisor Group, LLC$699K
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 | 6,456,747 | $163M | 12.9% | 2026-Q2 |
| Capital Investment Advisors, LLC added | 3,505,410 | $88M | 7.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 3,089,226 | $78M | 6.2% | 2026-Q2 |
| CAPITAL ADVISORS INC/OK added | 2,822,834 | $71M | 5.6% | 2026-Q2 |
| MORGAN STANLEY trimmed | 2,594,159 | $65M | 5.2% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 2,565,607 | $65M | 5.1% | 2026-Q2 |
| SIGMA INVESTMENT COUNSELORS INC added | 1,585,690 | $40M | 3.2% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 1,345,144 | $34M | 2.7% | 2026-Q2 |
| UBS Group AG added | 1,208,903 | $30M | 2.4% | 2026-Q2 |
| Klingman & Associates, LLC added | 1,175,446 | $30M | 2.3% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 1,161,884 | $29M | 2.3% | 2026-Q2 |
| Summit Financial, LLC trimmed | 1,160,179 | $29M | 2.3% | 2026-Q2 |
| Seven Springs Wealth Group, LLC added | 1,064,868 | $27M | 2.1% | 2026-Q2 |
| Sound View Wealth Advisors Group, LLC added | 1,005,519 | $25M | 2.0% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 943,449 | $24M | 1.9% | 2026-Q2 |
| US BANCORP \DE\ added | 908,163 | $23M | 1.8% | 2026-Q2 |
| NewEdge Advisors, LLC added | 876,466 | $22M | 1.8% | 2026-Q2 |
| Advisors Capital Management, LLC added | 859,918 | $22M | 1.7% | 2026-Q2 |
| COWA, LLC added | 774,107 | $19M | 1.5% | 2026-Q2 |
| MV CAPITAL MANAGEMENT, INC. | 773,344 | $20M | 1.5% | 2026-Q2 |
| Arrow Financial Corp added | 630,882 | $16M | 1.3% | 2026-Q2 |
| LPL Financial LLC added | 563,924 | $14M | 1.1% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 528,252 | $13M | 1.1% | 2026-Q2 |
| MB, LEVIS & ASSOCIATES, LLC added | 527,546 | $13M | 1.1% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 527,541 | $13M | 1.1% | 2026-Q2 |
| PFG Private Wealth Management, LLC trimmed | 507,215 | $13M | 1.0% | 2026-Q2 |
| Ironwood Financial, llc added | 464,902 | $12M | 0.9% | 2026-Q2 |
| Probity Advisors, Inc. added | 415,729 | $10M | 0.8% | 2026-Q2 |
| Parkway Wealth Management Group, LLC added | 402,635 | $10M | 0.8% | 2026-Q2 |
| Atlantic Union Bankshares Corp added | 380,552 | $10M | 0.8% | 2026-Q2 |
| Cornerstone Planning, LLC added | 379,908 | $10M | 0.8% | 2026-Q2 |
| Guidance Point Advisors, LLC added | 325,556 | $8M | 0.7% | 2026-Q2 |
| Snowden Capital Advisors LLC added | 297,905 | $8M | 0.6% | 2026-Q2 |
| LYELL WEALTH MANAGEMENT, LP added | 266,910 | $7M | 0.5% | 2026-Q2 |
| Parallel Advisors, LLC added | 266,516 | $7M | 0.5% | 2026-Q2 |
| MCF Advisors LLC added | 257,910 | $6M | 0.5% | 2026-Q2 |
| HOWLAND CAPITAL MANAGEMENT LLC added | 252,860 | $6M | 0.5% | 2026-Q2 |
| Concurrent Investment Advisors, LLC new | 252,548 | $6M | 0.5% | 2026-Q2 |
| 4Thought Financial Group Inc. added | 250,276 | $6M | 0.5% | 2026-Q2 |
| HANCOCK WHITNEY CORP added | 245,933 | $6M | 0.5% | 2026-Q2 |
| Lido Advisors, LLC added | 245,637 | $6M | 0.5% | 2026-Q2 |
| Krilogy Financial LLC trimmed | 219,930 | $6M | 0.4% | 2026-Q2 |
| Marathon Mission, Inc. trimmed | 208,786 | $5M | 0.4% | 2026-Q2 |
| Praetorian Wealth Management, Inc. added | 197,602 | $5M | 0.4% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 193,616 | $5M | 0.4% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 181,414 | $5M | 0.4% | 2026-Q2 |
| KINTRA WEALTH, LLC added | 180,265 | $4M | 0.4% | 2026-Q2 |
| Glenview Trust Co added | 174,361 | $4M | 0.3% | 2026-Q2 |
| PRECEDENT WEALTH PARTNERS, LLC added | 168,450 | $4M | 0.3% | 2026-Q2 |
| RWA WEALTH PARTNERS, LLC added | 165,231 | $4M | 0.3% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 164,660 | $4M | 0.3% | 2026-Q2 |
| BENJAMIN EDWARDS INC trimmed | 152,965 | $4M | 0.3% | 2026-Q2 |
| OneDigital Investment Advisors LLC trimmed | 149,251 | $4M | 0.3% | 2026-Q2 |
| Evergreen Private Wealth LLC added | 145,453 | $4M | 0.3% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC | 141,341 | $4M | 0.3% | 2026-Q2 |
| ADIRONDACK TRUST CO added | 138,162 | $3M | 0.3% | 2026-Q2 |
| EP Wealth Advisors, LLC new | 132,767 | $3M | 0.3% | 2026-Q2 |
| Houlihan Financial Resource Group, Ltd. added | 132,540 | $3M | 0.3% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 126,162 | $3M | 0.2% | 2026-Q2 |
| Quantum Financial Advisors, LLC added | 123,915 | $3M | 0.2% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 123,690 | $3M | 0.2% | 2026-Q2 |
| Paradigm, Strategies in Wealth Management, LLC trimmed | 116,188 | $3M | 0.2% | 2026-Q2 |
| Sanctuary Advisors, LLC added | 113,325 | $3M | 0.2% | 2026-Q2 |
| Seneca House Advisors trimmed | 113,199 | $3M | 0.2% | 2026-Q2 |
| Arcataur Capital Management LLC added | 108,125 | $3M | 0.2% | 2026-Q2 |
| MEITAV INVESTMENT HOUSE LTD added | 104,670 | $3M | 0.2% | 2026-Q2 |
| Modern Wealth Management, LLC new | 101,538 | $3M | 0.2% | 2026-Q2 |
| Cetera Investment Advisers added | 100,098 | $3M | 0.2% | 2026-Q2 |
| Rossmore Private Capital added | 98,416 | $2M | 0.2% | 2026-Q2 |
| Segment Wealth Management, LLC added | 97,135 | $2M | 0.2% | 2026-Q2 |
| Stonebrook Private Inc. added | 96,344 | $2M | 0.2% | 2026-Q2 |
| CENTRAL TRUST Co added | 95,131 | $2M | 0.2% | 2026-Q2 |
| Hills Bank & Trust Co added | 92,782 | $2M | 0.2% | 2026-Q2 |
| First National Trust Co added | 92,160 | $2M | 0.2% | 2026-Q2 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC added | 89,169 | $2M | 0.2% | 2026-Q2 |
| FULTON BREAKEFIELD BROENNIMAN LLC added | 88,568 | $2M | 0.2% | 2026-Q2 |
| Winthrop Partners - WNY, LLC added | 88,182 | $2M | 0.2% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 80,980 | $2M | 0.2% | 2026-Q2 |
| IFP Advisors, Inc trimmed | 80,562 | $2M | 0.2% | 2026-Q2 |
| Archford Capital Strategies, LLC trimmed | 80,541 | $2M | 0.2% | 2026-Q2 |
| ABSOLUTE CAPITAL MANAGEMENT, LLC trimmed | 77,924 | $2M | 0.2% | 2026-Q2 |
| Associated Banc-Corp added | 77,631 | $2M | 0.2% | 2026-Q2 |
| Centric Wealth Management | 76,618 | $2M | 0.2% | 2026-Q2 |
| WRAPMANAGER INC trimmed | 69,524 | $2M | 0.1% | 2026-Q2 |
| OPPENHEIMER & CO INC added | 66,787 | $2M | 0.1% | 2026-Q2 |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC added | 66,469 | $2M | 0.1% | 2026-Q2 |
| 10Elms LLP added | 64,472 | $2M | 0.1% | 2026-Q2 |
| Wilkins Miller Wealth Management, LLC trimmed | 62,568 | $2M | 0.1% | 2026-Q2 |
| LBMC INVESTMENT ADVISORS, LLC added | 59,937 | $2M | 0.1% | 2026-Q2 |
| Chesley Taft & Associates LLC added | 56,900 | $1M | 0.1% | 2026-Q2 |
| NovaPoint Capital, LLC added | 54,642 | $1M | 0.1% | 2026-Q2 |
| COLDSTREAM CAPITAL MANAGEMENT INC trimmed | 53,736 | $1M | 0.1% | 2026-Q2 |
| BEACON FINANCIAL GROUP trimmed | 50,126 | $1M | 0.1% | 2026-Q2 |
| McGlone Suttner Wealth Management, Inc. added | 49,760 | $1M | 0.1% | 2026-Q2 |
| J.W. COLE ADVISORS, INC. added | 49,385 | $1M | 0.1% | 2026-Q2 |
| Venture Visionary Partners LLC added | 48,839 | $1M | 0.1% | 2026-Q2 |
| Princeton Global Asset Management LLC added | 45,050 | $1M | 0.1% | 2026-Q2 |
| Montecito Bank & Trust added | 44,419 | $1M | 0.1% | 2026-Q2 |
| Beacon Pointe Advisors, LLC added | 40,927 | $1M | 0.1% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 40,503 | $1M | 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.